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Global Medical Spa Market: By Services: Facial Treatment, Body Shaping and Contouring, Hair Removal, Scar Revision, Tattoo Removal, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Medical Spa Market Outlook
The global medical spa market reached a value of around USD 13.7 billion in 2020. The medical spa market is further anticipated to grow at a CAGR of nearly 13.9% over the forecast period of 2023-2028.
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There is a strong demand for minimally invasive treatments such as chemical peels and non-surgical tightening of the skin, along with body sculpting and removal of tattoos. In addition, wellness packages provided in hotels are creating a rapidly increasing demand for wellness holidays, thus, propelling the medical spa market growth further.
Market Segmentation
A medical spa is a spa with a medical program operated under a certified health care professional’s guidance. These spas use medical treatments such as microdermabrasion, lasers, botox, and other processes for medical beauty, as well as traditional spa facilities like facials and massages. The global medical spa market is broadly categorised based on its services into:
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- Facial Treatment
- Body Shaping and Contouring
- Hair Removal
- Scar Revision
- Tattoo Removal
- Others
The EMR report looks into the regional medical spa markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Market Analysis
The growing demand for aesthetic medicines and cosmetic treatment options for beauty enhancement, along with the growth in wellness trends, especially in developed nations are the major factors, driving the growth of the global medical spa market. Further, the ageing baby boomer population, globally, along with the rise in disposable incomes, is providing further impetus to the medical spa market growth. However, the shortage of trained professionals, particularly in the emerging economies, and the high cost of procedures are some of the significant constraints, which may hamper the market growth in the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global medical spa market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Biovital Med Spa LLC
- Westchase Medspa
- Sciton, Inc.
- Chic la Vie Med Spa
- Lanserhof Lans
- Kurotel - Centro Médico de Longevidade e Spa
- Canyon Ranch
- Others
The EMR report gives an in-depth insight into the medical spa market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Services, Region |
| Breakup by Services | Facial Treatment, Body Shaping & Contouring, Hair Removal, Scar Revision, Tattoo Removal, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered |
Biovital Med Spa LLC, Westchase Medspa, Sciton, Inc., Chic la Vie Med Spa, Clinique La Prairie SA, Lanserhof Lans, Kurotel - Centro Médico de Longevidade e Spa, Canyon Ranch, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Medical Spa Market Analysis
8.1 Key Industry Highlights
8.2 Global Medical Spa Historical Market (2018-2022)
8.3 Global Medical Spa Market Forecast (2023-2028)
8.4 Global Medical Spa Market by Services
8.4.1 Facial Treatment
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Body Shaping and Contouring
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Hair Removal
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Scar Revision
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Tattoo Removal
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Medical Spa Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Biovital Med Spa LLC
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Westchase Medspa
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Sciton, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Canyon Ranch
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Clinique La Prairie SA
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Lanserhof Lans
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Kurotel - Centro Médico de Longevidade e Spa
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Medical Spa Market: Key Industry Highlights, 2018 and 2028
2. Global Medical Spa Historical Market: Breakup by Services (USD Million), 2018-2022
3. Global Medical Spa Market Forecast: Breakup by Services (USD Million), 2023-2028
4. Global Medical Spa Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Medical Spa Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Medical Spa Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America Medical Spa Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe Medical Spa Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Medical Spa Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific Medical Spa Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific Medical Spa Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Medical Spa Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America Medical Spa Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa Medical Spa Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa Medical Spa Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Global Medical Spa Market Structure
Key Questions Answered in the Report
The market reached a value of around USD 13.7 billion in 2020.
In the forecast period of 2023-2028, the industry is projected to grow at a CAGR of 13.9%.
The major drivers of the industry, such as rising disposable incomes, ageing baby boomer population, increasing strong demand for minimally invasive treatments, and increasing demand for wellness holidays are expected to aid the industry growth.
The growing wellness trends, especially in the emerging economies and growing demand for aesthetic medicines as well as cosmetic treatment options for beauty enhancement are the key industry trends driving the market growth.
North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa are the major regions in the market.
The major services of the product for the industry include facial treatment, body shaping and contouring, hair removal, scar revision, and tattoo removal, among others.
The major players in the market are Biovital Med Spa LLC, Westchase Medspa, Sciton, Inc., Chic la Vie Med Spa, Clinique La Prairie SA, Lanserhof Lans, Kurotel - Centro Médico de Longevidade e Spa, Canyon Ranch, Others.
Analyst Review
The global medical spa market attained a value of nearly USD 13.7 billion in 2020 driven by the growing demand for beauty enhancement medicines and treatments. Aided by the rising disposable incomes and ageing baby boomer population, the market is expected to further grow at a CAGR of 13.9% in the forecast period of 2023-2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of services, the market can be divided into facial treatment, body shaping and contouring, hair removal, scar revision, and tattoo removal, among others. The major regional markets for the product are North America, Latin America, Europe, the Asia Pacific, the Middle East and Africa. The key players in the above industry include Biovital Med Spa LLC, Westchase Medspa, Sciton, Inc., Chic la Vie Med Spa, Clinique La Prairie SA, Lanserhof Lans, Kurotel - Centro Médico de Longevidade e Spa, Canyon Ranch, Others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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