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

The medical spa market is a rapidly growing industry that offers a range of non-surgical medical treatments and services, including cosmetic procedures, anti-aging treatments, and wellness therapies. Medical spas combine the luxury and relaxation of a traditional spa with the medical expertise and technology of a healthcare facility. The market for medical spas is driven by a growing demand for non-surgical aesthetic treatments, a desire for wellness and self-care, and advances in technology.

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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One of the main drivers of the medical spa market is the growing demand for non-surgical aesthetic treatments. With the increasing popularity of social media and online platforms, there is a greater emphasis on physical appearance and beauty. Medical spas offer a range of cosmetic procedures, such as Botox, fillers, and laser treatments that can help individuals achieve their desired appearance without the need for invasive surgery.

 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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Another factor driving the growth of the medical spa market is the desire for wellness and self-care. Medical spas offer a range of wellness treatments, such as massages, acupuncture, and yoga, that can help individuals relax, de-stress, and improve their overall health and well-being. With the increasing focus on mental health and self-care, medical spas are becoming a popular destination for individuals looking to improve their physical and emotional health.

The medical spa market is also benefiting from advances in technology. With the development of new medical devices and technologies, medical spas are now able to offer a wider range of treatments and services. This includes non-invasive fat reduction, skin tightening, and body contouring treatments, which can be performed safely and effectively in a medical spa setting.

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

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

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This release was published on openPR.