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

Global medical spa market has witnessed significant growth in the recent years. With rising health consciousness among consumers and growing preference for minimally invasive aesthetic treatments, demand for medical spa services has increased substantially. Individuals are increasingly opting for various non-surgical procedures like Botox injection, chemical peel, face/eye lifts, and others to reduce signs of aging and improve appearance. Furthermore, hectic lifestyle and stress have led to rise in skin conditions like acne, and this is driving the market growth. Various medical spa centers provide multidimensional services ranging from therapeutic massage to laser hair removal under the supervision of licensed healthcare professionals. Rapid urbanization, increase in disposable income, and changing consumer lifestyles are some of the major factors that are expected to drive the global medical spa market growth in the future.

 Market Dynamics:

Growing emphasis on self-care and rising medical tourism are the major drivers bolstering the growth of medical spa market. However, high costs associated with certain aesthetic procedures and services as well as lack of uniform regulatory norms are affecting the market growth. Advancements in non-invasive technologies offering improved outcomes are creating new opportunities for market expansion. Increasing preference for anti-aging products and treatments among baby boomers presents a lucrative opportunity for market players in the forecast period. 

Rising disposable income is one of the key drivers propelling the growth of the global medical spa market. As people's incomes are increasing globally, people are able to spend more on their health, wellness and aesthetics. Individuals want to maintain a youthful appearance and look their best, and this boosts demand for various non-surgical and minimally invasive medical spa services.

People in developing nations like India, China, and others which have a large younger population are now willing to spend more on treatments that were earlier considered luxuries. This changing mindset where health and beauty are considered necessary investments rather than expenses is encouraging the phenomenon of medical travel also. Many people travel to other countries solely for the purpose of undergoing aesthetic treatments at advanced facilities

Key features of the study:

• This report provides in-depth analysis of the global medical spa market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global medical spa market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Longevity Wellness Worldwide, The Orchard Wellness Resort, Biovital Medspa, Allure Medspa, Serenity Medspa, Vichy Celestins Spa Hotel, Sha Wellness Clinic, Brenners Park-Hotel & Spa, Mezzatorre, Cocoona Centre Of Aesthetic Transformation, Lily's Medi Spa, Aesthetics Medispa, The Drx Aesthetics, Mandarin Oriental, Westchase, Lisse, Medspa, Chiva Som, Chic La Vie, Kurotel-Longevity Medical Center and Spa, Clinique La Prairie and Lanserhof Lans
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global medical spa market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical spa market

Detailed Segmentation:

• Global Medical Spa Market, By Service
• • Facial Treatment
  • Body Shaping & Contouring
  • Hair Removal
  • Scar Revision
  • Others
• Global Medical Spa Market, By Age Group
• • Adolescent
  • Adult
  • Geriatric
• Global Medical Spa Market, By Gender
• • Male
  • Female
•    Global Medical Spa Market, By Service Provider
• • Single Ownership
  • Group Ownership
  • Free-standing
  • Medical Practice Associated Spas
  • Others
• Global Medical Spa Market, By Region
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Global Medical Spa Market- Key Players
• • Longevity Wellness Worldwide
  • The Orchard Wellness Resort
  • Biovital Medspa
  • Allure Medspa
  • Serenity Medspa
  • Vichy Celestins Spa Hotel
  • Sha Wellness Clinic
  • Brenners Park-Hotel & Spa
  • Mezzatorre
  • Cocoona Centre Of Aesthetic Transformation
  • Lily's Medi Spa
  • Aesthetics Medispa
  • The Drx Aesthetics
  • Mandarin Oriental
  • Westchase
  • Lisse
  • Medspa
  • Chiva Som
  • Chic La Vie
  • Kurotel-Longevity Medical Center and Spa
  • Clinique La Prairie
  • Lanserhof Lans