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The global medical spa market was valued at USD 17.38 Billion in 2022, which is anticipated to grow at a CAGR of 15.07% from 2023 to 2032. In addition to body sculpting and tattoo removal, there is a strong demand for less invasive procedures like chemical peels and non-surgical skin tightening. Additionally, the desire for vacations with a wellness focus is rapidly increasing due to hotel wellness packages.
Medical spas, sometimes referred to as medispas, combine medicine and design in a unique way. They offer high-quality cosmetic procedures under physician supervision and recommendation in a comfortable setting. Medical directors, including dermatologists, physicians, and plastic surgeons, oversee the provision of these therapies, which are run by wellness coaches and licenced aestheticians. A medical spa provides a range of cosmetic care services, such as anti-wrinkle, fine line, acne therapy, dermal fillers, Botox injections, Juvederm, and high-tech laser procedures. These authorised treatments are all cosmetic in nature, with the main objective being to enhance or rejuvenate a person's appearance. In addition, non-surgical lifts and body-sculpting techniques like the recently invented cool sculpting have become extensively accessible. The medical spa market is expanding due in major part to a growing number of people who are self-conscious about their appearance, particularly women. These factors include changes in lifestyle, an increase in the use of noninvasive procedures, an increase in the incidence of skin damage, and a rise in the demand for aesthetic enhancement procedures like liposuction, ultrasound, injectable treatments, cryolipolysis, laser lipolysis, tummy tucks, also known as abdominoplasty, cryolipolysis, and others. Therefore, the primary factor propelling the growth of the medical spa market is cosmetic enhancement. It is anticipated that the medical spa sector will continue to grow at the remarkable rate that it has in recent years. Notably, patients favour therapies that yield better effects more quickly and that offer the highest level of procedural comfort. Additionally, a growing desire to maintain youth and attractiveness, as well as rising disposable incomes in developing nations, are significant factors driving the need for aesthetic medicine. Furthermore, it is anticipated that advancements in noninvasive procedures, including as body sculpting and fat melting, will continue to provide patients with a wide range of alternatives that satisfy their need for self-improvement and fuel the expansion of the medical spa market. Furthermore, medical spas aim to shift their focus from solely providing beauty treatments to also promoting wellbeing and health. The market's expansion is, however, constrained by limited adoption in both developed and developing nations, as well as by the high expense of hiring qualified therapists.
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Increase in the elderly population- Throughout the projected time, there will likely be a considerable increase in the elderly population. The ageing population's desire to remain youthful and appealing is driving the geriatric market's expansion. The desire to maintain a healthy lifestyle is higher among those over 60, which drives up medspa visits. One significant trend that is gaining popularity in the medical spa market is technological advancement. In an effort to enhance client satisfaction, medical spa service providers are shifting to more advanced technology procedures. Some of the newest technical advancements in medical spas include radiofrequency body contouring, radiofrequency microneedling, BTL aesthetics emsculpt, hydrafacial or dermal infusion toning, and muscle-sculpting treatments.
An increase in minimally invasive operations- There is a significant demand for minimally invasive procedures including chemical peels and non-surgical skin tightening, as well as tattoo removal and body sculpting. With the global desire for beauty and self-improvement therapies increasing, the trend of medical spas is getting more and more profitable. More chances for market expansion are anticipated as a result over the projected timeframe. The use of hormones and biological substrates in dairy products, stressful lifestyles, adulteration of food products, harmful chemical exposure to the skin, early ageing, skin problems, obesity, and hormonal problems are all contributing factors to premature hair loss, early ageing, and other physical, mental, and emotional hardships.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant global medical spa market, with a 41.46% market revenue share in 2022. This is because, compared to other places, wellness tourism incurs higher costs (both domestically and internationally). It is anticipated that the simple access to a variety of products and services for a range of cosmetic procedures in the United States and Canada would further accelerate market expansion. However, the abrupt start of the COVID-19 pandemic in 2020 resulted in fewer aesthetic procedures, which prevented the market's expansion in the area.
North America Region Medical Spa Market Share in 2022 - 41.46%
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The age group segment is divided into adult, adolescent, and geriatric. The adult segment dominated the market, with a market share of around 34.29% in 2022. The majority of clients at medspas are in their mid-30s, 40s, and 50s because adults are becoming more interested in anti-aging and body sculpting procedures. About 26% of all female consumers in the United States were between the ages of 35 and 54. The age range of 35 to 50 has a strong spending capacity, and their growing need for dermal fillers is driving the segment's expansion.
The gender segment is divided into female, and male. The female segment dominated the market, with a market share of around 72.16% in 2022. Since women represent the majority of consumers, more and more services targeted at them are being created, which is helping the market expand. The growing number of women undergoing various cosmetic procedures is driving the growth of this market. Women use spa treatments to increase their confidence, sense of well-being, and physical enjoyment. Botox and dermal injection visits have surged as a result of women's desire to improve the appearance of their faces.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 17.38 Billion |
| Market size value in 2032 | USD 70.74 Billion |
| CAGR (2023 to 2032) | 15.07% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Age Group, Gender |
As per The Brainy Insights, the size of the medical spa market was valued at USD 17.38 Billion in 2022 & USD 70.74 Billion by 2032.
Global medical spa market is growing at a CAGR of 15.07% during the forecast period 2023-2032.
North America region emerged as the largest market for the medical spa.
Increase in the elderly population is a significant driving factor for the growth of the medical spa market.
An increase in minimally invasive operations is a significant opportunity for the growth of the medical spa market.
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global medical spa market based on below mentioned segments:
Global Medical Spa by Age Group:
Global Medical Spa by Gender:
Global Medical Spa by Region:
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