Medical Spa Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3542
Medical Spa Market size is projected to experience significant growth from 2019 to 2025.
Growing focus on cosmetic procedures will augment the medical spa market growth in the forthcoming years. An expanding focus on physical appearance and aesthetics is commonly witnessed among women, especially across American countries. Also, as per the American Society for Aesthetic Plastic Surgery, in the year 2017, the U.S. population spent approximately USD 1,987,291,011 on an average on non-surgical procedures. Thus, rising disposable income coupled with high expenditure on aesthetic procedures will majorly contribute to medical spa business growth in the estimation period.
Increasing medical tourism will offer lucrative growth potential for medical spa market in the upcoming years. Growing medical tourism in countries including Italy, France, the UAE, and Spain will augment the segmental size. In addition, high patient convenience and better cost-effectivity through medical tourism will stimulate the medical spa market growth during the forecast years.
Rising geriatric population worldwide will offer lucrative growth potential for medical spa market. According to the United Nations data, the elderly population aged 60 years and above is estimated to grow two-fold by 2050. Thus, with the growing age, the demand for anti-aging treatments will significantly expand thereby driving medical spa industry growth.
However, limited number of such facilities along with a restricted awareness among the population in developing countries may restrain medical spa business growth in the upcoming period.
The facial aesthetics market is forecast to progress at a robust pace. Increasing awareness about facial treatments, such as dermal fillers, botulinum toxin fillers, and blepharoplasty, will escalate the adoption of facial aesthetic procedures. In addition, innovations in facial treatments coupled with growing therapeutic applications will boost segmental growth during the forecast years.
The U.S. medical spa market is projected to witness momentous growth owing to the growing adoption of minimally invasive procedures in the country. The widespread availability of technologically advanced devices for non-invasive and minimally invasive cosmetic procedures will boost the preference for such procedures. In addition, increasing prevalence of obesity that stimulates the demand for body fat reduction and body shaping procedures will augment the U.S. medical spa industry growth in the coming period.
The Brazil medical spa business is projected to expand over the forecast period due to the increasing adoption of cosmetic procedures across the nation. High perception and emphasis among the Brazilian population regarding beauty and body aesthetics is stimulating the adoption of cosmetic procedures and will continue in the future years. A large population percent spends robustly on cosmetic treatments. In addition, the presence of a strong beach culture will further impel the Brazil medical spa industry size during the forecast timeframe.
Some of the key industry players include among other players Allure Medspa, Lapinha, Obagi MediSpa, and Vilalara Longevity Thalassa & Medical Spa, among other players. Key strategies adopted by the industry players include expansion of services portfolio and extensive marketing strategies to enhance the profitability of medical spas.
Medical Spa Market by Service Type, 2014-2025 (USD Million)
- Body Shaping
- Hair Removal
- Facial Aesthetics
- Tattoo Removal
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Allure Medspa
- Biovital Medspa
- Canyon Ranch Inc.
- Chiva Som
- Clinique La Prairie
- Cocoona Medical Spa
- Hyatt Corporation
- Obagi MediSpa
- Sciton, Inc.
- Vilalara Longevity Thalassa & Medical Spa
- Westchase Medspa
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