United States Medical Spa Market to Grow at a CAGR of 14% During 2024-2032, Driven by Increasing Focus on Health and Wellbeing

According to the American Med Spa Association (AmSpa), the United States had 8,500 outlets of medical spas in 2022. The United States medical spa market growth is being fuelled by shifting consumer preferences towards wellness and aesthetics. According to a report by AmSpa, about USD 1 million per year is generated by the medical spa sector in the United States.

Medical spas offer light or laser treatments, injectables including Botox and dermal fillers, and IV and peptide therapies. Additionally, the rising preference for holistic wellness experiences, in addition to aesthetics, among individuals is leading to the emergence of multi-site medical spas.

Modern medical spas are attracting all genders and feature licensed professionals such as nurse injectors, physician assistants, and dermatologists. These spas are also actively adopting innovative cutting-edge treatments and aesthetic devices to provide high-quality services.

The increased marketing by influencers, doctors, and medspas, affordable pricing, and lowered wait times have surpassed physician-based cosmetic practices in about 73% of major cities in the United States. Companies such as Cutera, Inc. (NASDAQ: CUTR) provide a wide range of treatments for acne solutions, body sculpting, skin revitalisation, pigment, vascular, hair removal, tattoo removal, and scar revisions, making use of cutting-edge technologies.

Moreover, the launch of innovative treatments by key players is anticipated to fuel the market expansion in the forecast period. For instance, in December 2023, Bodify, a premier CoolSculpting boutique, launched its fractional skin rejuvenation treatment, Morpheus8. The FDA-cleared skin micro-needling technology is being offered at the company’s Phoenix and Scottsdale locations.

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Market Analysis by Product Type, Age Group, Gender, and Region:

• The market, on the basis of product type, can be divided into body shaping, hair removal, facial treatment, tattoo removal, and scars and striae, among others.

• Based on age group, the market can be divided into adolescent, adult, and geriatric.

• Based on gender, the market can be divided into male and female.

• The major regional markets for medical spa in the United States include North, South, West, and East.

Key Findings of the Report:

• The increasing importance of facial aesthetics and physical appearance among the youth is contributing to the United States medical spa market growth.

• Rising technological advancements in medical spas such as non-invasive treatments are supporting the market growth.

• The United States is a prominent medical tourism destination and constitutes a major share of the global inbound tourism spending.

• The market is being driven by the rising number of new therapies and treatments for improving the well-being and outlook of individuals.

• Social media is playing a key role in driving awareness regarding aesthetic wellness procedures, increasing the demand for medical spa treatments.

Key Offerings of the Report:

• The EMR report gives an overview of the United States medical spa market for the periods (2017-2023) and (2024-2032).

• The report also offers the historical (2017-2023) and forecast (2024-2032) markets for the product types, age groups, gender, and major regions of medical spa.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the United States medical spa market are Cutera, Inc., Fotona D.O.O, Allergan Plc., Alma Lasers, Cynosure Inc. (Hologic), Galderma Laboratories, L.P., Mentor Worldwide LLC, El.En. S.p.A., Merz Aesthetics, Candela Corporation, and Venus Concept. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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