Medical Spa Market is estimated to surge ahead at a CAGR of 15.1% to reach US$ 150.3 Bn by the end of 2033| PMR Study

Medical spas, also known as medispas, are healthcare facilities that offer a combination of traditional spa services and non-invasive medical procedures. These facilities offer services such as facials, massages, and body treatments, as well as cosmetic procedures such as Botox injections, laser hair removal, and chemical peels. Medical spas are typically staffed by medical professionals, such as nurses or physicians, and are overseen by a licensed healthcare professional.

Worldwide revenue from the medical spa market stands at US$ 31.8 Bn in 2022, with the global market estimated to surge ahead at a CAGR of 15.1% to reach a valuation of US$ 150.3 Bn by the end of 2033.

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The global medical spa market is expected to grow at a significant rate during the forecast period, driven by factors such as an increasing demand for non-invasive cosmetic procedures, a growing awareness about the benefits of medical spa treatments, and the availability of advanced technologies in medical spas.

The market is segmented based on service, application, and end-user. On the basis of service, the market is segmented into non-surgical aesthetic procedures, traditional spa services, and others. On the basis of application, the market is segmented into anti-aging, weight management, and others. On the basis of end-user, the market is segmented into hospitals, clinics, and standalone medical spas.

 Companies

Dermani Medspa
Lanserhof Tegernsee
Chic La Vie
Crown Aesthetics
Allure MedSpa
Cienega Med Spa, Inc.
Clinique La Prairie
Willow Medspa

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The major players operating in the medical spa market include Allergan, Inc., Cynosure, Inc., Cutera, Inc., Lumenis Ltd, Sciton, Inc., and others. These players have adopted various strategies, such as partnerships, collaborations, and new product launches, to increase their share in the market.

In conclusion, the global medical spa market is expected to grow at a significant rate during the forecast period, driven by factors such as an increasing demand for non-invasive cosmetic procedures, a growing awareness about the benefits of medical spa treatments, and the availability of advanced technologies in medical spas. The major players operating in the market are focusing on strategies such as partnerships, collaborations, and new product launches to increase their share in the market.

Competitive Landscape

Through acquisitions and joint ventures, key firms increase their footprint in growing regions and broaden their service offerings on the global market.

To bring technological advancements to this service industry, market players also bolster their research and development capabilities.

For instance:

U.S. FDA approved SkinPen® Precision for the treatment of neck wrinkles in April 2021, according to an announcement made by Crown Laboratories, Inc., the US market leader in microneedling technology.

After a ceremony in Dubai, the World Spa Awards 2019 crowned Lanserhof Tegernsee the World's Best Medical Spa for the fifth consecutive year in October 2019.

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Key Segments Covered in Medical Spa Industry Research

By Service:
Skin Rejuvenation
Facial Injectable
Aesthetician Services
Body Shaping & Contouring
Hair Removal
Tattoo Removal
Others

By Age:
Adolescent
Adult
Geriatric

By Service Provider:
Single Ownership Spa
Group Ownership Spa
Free-Standing Spa
Medical Practice associated Spa

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