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Medical Spa Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 245 Pages
  • November 2023
  • Region: Global
  • Fairfield Market Research
  • ID: 5910720
The publisher has released a comprehensive report on the Medical Spa market, forecasting substantial growth in the industry. The global revenue generated by the medical spa market was valued at US$ 45 billion in 2024. This growth trajectory is expected to drive the market to an estimated valuation of US$ 140 billion by the end of 2031.

Driving Factors for Medical Spa Market Growth

Targeted Marketing, Expanding Consumer Base, and Regulatory Impositions: The rapid proliferation of marketing and advertising for cosmetic treatments has raised concerns about patient safety and ethical dilemmas. Cosmetic practitioners are increasingly using digital platforms, including blogs and social media, to promote their services. While these platforms provide consumers with valuable information, they also intensify competition among providers.

Print advertising, television and radio commercials, sponsored content, and social media marketing are all being employed to attract clients. Celebrity endorsements, both direct and indirect, play a crucial role in this industry's success.

To sustain growth in the expanding medical spa sector, each establishment must focus on building its brand and raising awareness about its unique services, products, and medical aesthetic procedures.

Furthermore, the male population's increasing focus on physical appearance, coupled with greater social acceptance of cosmetic procedures for men, is contributing to market growth.

The rising popularity of aesthetic medicine, cosmetic enhancements, and wellness trends also fuel the market. However, regulatory impositions from organizations such as the US Food and Drug Administration and European Commission certification may influence the industry's expansion.

Challenges Impacting Market Growth

Procedure Cost, Dearth of Skilled Professionals, and Repetitive Treatments: The shortage of skilled professionals globally, especially in emerging economies, is hindering the growth of the medical spa market. Inadequate training programs and a lack of qualified surgeons proficient in advanced procedures contribute to this issue.

The cost of aesthetic procedures and the need for multiple sessions to achieve desired results are significant barriers to market expansion. For instance, the cost of the physician or surgeon can account for 40-50% of the overall cost of facial injectables, which often require repeated sessions for optimal results.

Additionally, the availability of alternative products and treatments for aesthetic concerns, such as urethral plugs, adult diapers, and absorbent pants, may limit the growth of medical spas.

Country-wise Insights

Booming U.S. Medical Spa Market: The United States dominates the North America market, accounting for around 93.6% of market share in 2022. The country's medical spa industry is experiencing rapid growth due to the thriving medical tourism sector, increased consumer awareness of self-care and anti-aging therapies, and a rising demand for minimally invasive procedures.

Lucrative German Market: Healthcare reforms and the large geriatric population are driving the demand for wellness and aesthetic treatments, making Germany a promising market for service providers.

Emerging Chinese Market: China holds the largest market share in the East Asia market in 2022. Increased investments in aesthetic appearance by the Chinese population are propelling the growth of the medical spa industry. As affluent individuals seek health and wellness treatments, spas offering expensive procedures are expected to flourish.

Competition Landscape

Prominent Market Players:

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

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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Table of Contents

1. Executive Summary
1.1. Global Medical Spa Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Medical Spa Market Outlook, 2018 - 2031
3.1. Global Medical Spa Market Outlook, by Service, Value (US$ Bn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Skin Rejuvenation
3.1.1.2. Facial Injectable
3.1.1.3. Aesthetician Services
3.1.1.4. Body Shaping & Contouring
3.1.1.5. Hair Removal
3.1.1.6. Tattoo Removal
3.1.1.7. Others
3.2. Global Medical Spa Market Outlook, by Age, Value (US$ Bn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Adolescent
3.2.1.2. Adult
3.2.1.3. Geriatric
3.3. Global Medical Spa Market Outlook, by Service Provider, Value (US$ Bn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Single Ownership Spa
3.3.1.2. Group Ownership Spa
3.3.1.3. Free-Standing Spa
3.3.1.4. Medical Practice associated Spa
3.4. Global Medical Spa Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Medical Spa Market Outlook, 2018 - 2031
4.1. North America Medical Spa Market Outlook, by Service, Value (US$ Bn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Skin Rejuvenation
4.1.1.2. Facial Injectable
4.1.1.3. Aesthetician Services
4.1.1.4. Body Shaping & Contouring
4.1.1.5. Hair Removal
4.1.1.6. Tattoo Removal
4.1.1.7. Others
4.2. North America Medical Spa Market Outlook, by Age, Value (US$ Bn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Adolescent
4.2.1.2. Adult
4.2.1.3. Geriatric
4.3. North America Medical Spa Market Outlook, by Service Provider, Value (US$ Bn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. Single Ownership Spa
4.3.1.2. Group Ownership Spa
4.3.1.3. Free-Standing Spa
4.3.1.4. Medical Practice associated Spa
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Medical Spa Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
4.4.1.2. U.S. Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
4.4.1.3. U.S. Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
4.4.1.4. Canada Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
4.4.1.5. Canada Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
4.4.1.6. Canada Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Medical Spa Market Outlook, 2018 - 2031
5.1. Europe Medical Spa Market Outlook, by Service, Value (US$ Bn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Skin Rejuvenation
5.1.1.2. Facial Injectable
5.1.1.3. Aesthetician Services
5.1.1.4. Body Shaping & Contouring
5.1.1.5. Hair Removal
5.1.1.6. Tattoo Removal
5.1.1.7. Others
5.2. Europe Medical Spa Market Outlook, by Age, Value (US$ Bn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Adolescent
5.2.1.2. Adult
5.2.1.3. Geriatric
5.3. Europe Medical Spa Market Outlook, by Service Provider, Value (US$ Bn), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Single Ownership Spa
5.3.1.2. Group Ownership Spa
5.3.1.3. Free-Standing Spa
5.3.1.4. Medical Practice associated Spa
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Medical Spa Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
5.4.1.2. Germany Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
5.4.1.3. Germany Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
5.4.1.4. U.K. Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
5.4.1.5. U.K. Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
5.4.1.6. U.K. Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
5.4.1.7. France Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
5.4.1.8. France Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
5.4.1.9. France Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
5.4.1.10. Italy Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
5.4.1.11. Italy Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
5.4.1.12. Italy Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
5.4.1.13. Turkey Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
5.4.1.14. Turkey Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
5.4.1.15. Turkey Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
5.4.1.16. Russia Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
5.4.1.17. Russia Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
5.4.1.18. Russia Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
5.4.1.19. Rest of Europe Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
5.4.1.20. Rest of Europe Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
5.4.1.21. Rest of Europe Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Medical Spa Market Outlook, 2018 - 2031
6.1. Asia Pacific Medical Spa Market Outlook, by Service, Value (US$ Bn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Skin Rejuvenation
6.1.1.2. Facial Injectable
6.1.1.3. Aesthetician Services
6.1.1.4. Body Shaping & Contouring
6.1.1.5. Hair Removal
6.1.1.6. Tattoo Removal
6.1.1.7. Others
6.2. Asia Pacific Medical Spa Market Outlook, by Age, Value (US$ Bn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Adolescent
6.2.1.2. Adult
6.2.1.3. Geriatric
6.3. Asia Pacific Medical Spa Market Outlook, by Service Provider, Value (US$ Bn), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. Single Ownership Spa
6.3.1.2. Group Ownership Spa
6.3.1.3. Free-Standing Spa
6.3.1.4. Medical Practice associated Spa
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Medical Spa Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
6.4.1. Key Highlights
6.4.1.1. China Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
6.4.1.2. China Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
6.4.1.3. China Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
6.4.1.4. Japan Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
6.4.1.5. Japan Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
6.4.1.6. Japan Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
6.4.1.7. South Korea Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
6.4.1.8. South Korea Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
6.4.1.9. South Korea Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
6.4.1.10. India Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
6.4.1.11. India Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
6.4.1.12. India Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
6.4.1.13. Southeast Asia Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
6.4.1.14. Southeast Asia Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
6.4.1.15. Southeast Asia Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
6.4.1.16. Rest of Asia Pacific Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
6.4.1.17. Rest of Asia Pacific Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
6.4.1.18. Rest of Asia Pacific Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Medical Spa Market Outlook, 2018 - 2031
7.1. Latin America Medical Spa Market Outlook, by Service, Value (US$ Bn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Skin Rejuvenation
7.1.1.2. Facial Injectable
7.1.1.3. Aesthetician Services
7.1.1.4. Body Shaping & Contouring
7.1.1.5. Hair Removal
7.1.1.6. Tattoo Removal
7.1.1.7. Others
7.2. Latin America Medical Spa Market Outlook, by Age, Value (US$ Bn), 2018 - 2031
7.2.1.1. Adolescent
7.2.1.2. Adult
7.2.1.3. Geriatric
7.3. Latin America Medical Spa Market Outlook, by Service Provider, Value (US$ Bn), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Single Ownership Spa
7.3.1.2. Group Ownership Spa
7.3.1.3. Free-Standing Spa
7.3.1.4. Medical Practice associated Spa
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Medical Spa Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
7.4.1.2. Brazil Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
7.4.1.3. Brazil Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
7.4.1.4. Mexico Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
7.4.1.5. Mexico Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
7.4.1.6. Mexico Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
7.4.1.7. Argentina Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
7.4.1.8. Argentina Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
7.4.1.9. Argentina Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
7.4.1.10. Rest of Latin America Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
7.4.1.11. Rest of Latin America Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
7.4.1.12. Rest of Latin America Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Medical Spa Market Outlook, 2018 - 2031
8.1. Middle East & Africa Medical Spa Market Outlook, by Service, Value (US$ Bn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Skin Rejuvenation
8.1.1.2. Facial Injectable
8.1.1.3. Aesthetician Services
8.1.1.4. Body Shaping & Contouring
8.1.1.5. Hair Removal
8.1.1.6. Tattoo Removal
8.1.1.7. Others
8.2. Middle East & Africa Medical Spa Market Outlook, by Age, Value (US$ Bn), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. Adolescent
8.2.1.2. Adult
8.2.1.3. Geriatric
8.3. Middle East & Africa Medical Spa Market Outlook, by Service Provider, Value (US$ Bn), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. Single Ownership Spa
8.3.1.2. Group Ownership Spa
8.3.1.3. Free-Standing Spa
8.3.1.4. Medical Practice associated Spa
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Medical Spa Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
8.4.1.2. GCC Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
8.4.1.3. GCC Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
8.4.1.4. South Africa Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
8.4.1.5. South Africa Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
8.4.1.6. South Africa Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
8.4.1.7. Egypt Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
8.4.1.8. Egypt Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
8.4.1.9. Egypt Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
8.4.1.10. Nigeria Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
8.4.1.11. Nigeria Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
8.4.1.12. Nigeria Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
8.4.1.13. Rest of Middle East & Africa Medical Spa Market by Service, Value (US$ Bn), 2018 - 2031
8.4.1.14. Rest of Middle East & Africa Medical Spa Market by Age, Value (US$ Bn), 2018 - 2031
8.4.1.15. Rest of Middle East & Africa Medical Spa Market by Service Provider, Value (US$ Bn), 2018 - 2031
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. By Segment 3 vs by Age Heat map
9.2. Manufacturer vs by Age Heatmap
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. Dermani Medspa
9.5.1.1. Company Overview
9.5.1.2. Product Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. Lanserhof Tegernsee
9.5.2.1. Company Overview
9.5.2.2. Product Portfolio
9.5.2.3. Financial Overview
9.5.2.4. Business Strategies and Development
9.5.3. Chic La Vie
9.5.3.1. Company Overview
9.5.3.2. Product Portfolio
9.5.3.3. Financial Overview
9.5.3.4. Business Strategies and Development
9.5.4. Crown Aesthetics
9.5.4.1. Company Overview
9.5.4.2. Product Portfolio
9.5.4.3. Financial Overview
9.5.4.4. Business Strategies and Development
9.5.5. Allure MedSpa
9.5.5.1. Company Overview
9.5.5.2. Product Portfolio
9.5.5.3. Financial Overview
9.5.5.4. Business Strategies and Development
9.5.6. Cienega Med Spa, Inc.
9.5.6.1. Company Overview
9.5.6.2. Product Portfolio
9.5.6.3. Financial Overview
9.5.6.4. Business Strategies and Development
9.5.7. Clinique La Prairie
9.5.7.1. Company Overview
9.5.7.2. Product Portfolio
9.5.7.3. Financial Overview
9.5.7.4. Business Strategies and Development
9.5.8. Willow Medsp
9.5.8.1. Company Overview
9.5.8.2. Product Portfolio
9.5.8.3. Financial Overview
9.5.8.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned

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

Methodology

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