What Has Been the Growth of the Medical Spa Market So Far?
The medical spa market has seen considerable growth due to a variety of factors.
• In recent times, the medical spa market has witnessed swift expansion. Predictions show it will experience an increase from $18.88 billion in 2024 to $21.47 billion in 2025, at a compound annual growth rate (CAGR) of 13.7%.
The upward trajectory in the historical period is a result of increasing wellness and self-care trends, the needs of an aging populace, celebrity advocacy and influencer promotions, evolved consumer preferences, and an upsurge in disposable income.
What Are the Future Growth Projections for the Medical Spa Market?
The medical spa market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the medical spa market is predicted to experience a swift expansion. This sector is projected to reach a valuation of $36.72 billion by 2029, escalating at a compound annual growth rate (CAGR) of 14.4%.
The anticipated growth during this period can be ascribed to factors such as evolving consumer expectations, an increasing emphasis on wellness and self-care, innovative treatment techniques, the influence of health and beauty bloggers, and economic elements. Notable trends anticipated during the forecast period encompass the incorporation of wellness into treatments, a focus on restorative therapies, tailor-made experiential services, a rising trend towards preventative treatments, and ethical, sustainable practices.
What Are the Critical Driver Fuelling the Medical Spa Market's Growth?
The medical spa market is anticipated to expand due to the growing demand for aesthetic procedures. These refer to operations that enhance the appearance of the face and body. The importance of body and beauty as a form of identity and self-expression has been increasing over time. For example, the Global Survey 2022 report by the International Society of Aesthetic Plastic Surgery, a US-based organization of board-certified aesthetic plastic surgeons, revealed in September 2023, that there was an overall growth of 11.2% in surgeries performed by plastic surgeons in 2022, amounting to over 14.9 million procedures conducted worldwide. A steady upward trend in aesthetic surgery over the last four years has indicated a 41.3% increase. Therefore, this heightened interest in aesthetic procedures is likely to boost the medical spa market.
What Are The Major Segments Within The Medical Spa Market?
The medical spa market covered in this report is segmented –
1) By Service: Skin Rejuvenation, Facial Injectable, Body Shaping, Hair Removal, Other Services
2) By Age: Adolescent, Adult, Geriatric
3) By User: Women, Men
Subsegments:
1) By Skin Rejuvenation: Chemical Peels, Microdermabrasion, Laser Skin Resurfacing
2) By Facial Injectable: Botox Injections, Dermal Fillers, Platelet-Rich Plasma (PRP) Treatments
3) By Body Shaping: Non-Surgical Fat Reduction, Body Contouring Treatments, Cellulite Reduction Therapies
4) By Hair Removal: Laser Hair Removal, Electrolysis, Intense Pulsed Light (IPL) Treatments
5) By Other Services: Massage Therapy, Medical Facials, Wellness Treatments
Pre-Book The Medical Spa Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Trends Are Expected To Transform The Medical Spa Market?
The adoption of cutting-edge treatments is an emerging trend in the medical spa market. To enhance the customer experience, medical spa providers are now leaning towards high-tech treatments. Some of the recent technological additions include radiofrequency body contouring, radiofrequency microneedling, BTL aesthetics emsculpt, hydrafacial or dermal infusion toning, and muscle sculpting treatment. Renew Medical Aesthetics, a Wisconsin-based company offering medical spa services, introduced a new array of lip filler aesthetic treatments in two versions - mini (half syringe) and full syringe, in January 2022.
Who Are the Key Players in the Medical Spa Market?
Major companies operating in the medical spa market include:
• Allure Medical Spa
• Ideal Image Development Corp.
• Spa Radiance
• SkinSpirit
• True Skin Care Center
• Dermani Medspa
• LifeTime LifeSpa
• Dr. Laser
• Serenity MedSpa
• Beverly Hills Rejuvenation Center
• The Maercks Institute
• Kalologie Medspa
• Blue Water Spa
• The Aesthetic Center
• Avène Institute
• La Belle Vie Medical Care & Aesthetics
• BodyLase
• SkinHealth Centers
• Skin Spa New York
• Medical Spa MD
• Cloud9 MedSpa
• Skinovative
• Evolve Med Spa
• MedSpa Institute of America
• U Med Spa
• Coastal Aesthetics
• Sona Dermatology & MedSpa
• Skin Science Med Spa
• MedSpa Partners
What Is The Most Dominant Region In The Medical Spa Market?
North America was the largest region in the medica spa market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical spa market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
