GLOBAL MEDICAL SPA MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global Medical Spa Market Size and Trends

Global medical spa market is expected to reach US$ 36.66 Bn by 2030, from US$ 14.53 Bn in 2023, exhibiting a CAGR of 14.1% during the forecast period.

Global Medical Spa Market- Trend

• Growing Demand for Non-invasive Cosmetic Procedures: The global medical spa market is witnessing significant growth driven by growing demand for non-invasive cosmetic procedures. With increasing awareness about appearance and aesthetic beauty, more people are opting for minimally-invasive treatments and procedures to improve or enhance their appearance. Procedures such as botox injections, chemical peels, laser hair removal, and non-invasive body contouring techniques have become quite popular among individuals looking for subtle yet effective ways to address aesthetic concerns.

The shift towards healthier lifestyles and greater focus on preventive healthcare has further fuelled this trend. Patients are increasingly seeking wellness and anti-ageing treatments at medical spas which offer a relaxing ambience compared to clinics. Offerings such as skin rejuvenation, stress management, massage therapies and customized diet plans as part of integrative wellness packages are gaining wide acceptance. This is positively impacting the revenue of medical spas. According to statistics by the American Society for Aesthetic Plastic Surgery, published in March 2022, non-surgical cosmetic procedures grew by about 5% in 2020 compared to 2019.