Healthcare

Medical Spa Market 2024 – Market Insights, Industry Drivers, Market Size, Share And Forecast To 2033 | Serenity Spa at The Ritz-Carlton Dubai, The Spa at Trump International Hotel and Tower Chicago, Spa at The Resort at Pedregal

The Medical Spa Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Medical Spa Global Market Report 2024, The medical spa market size has grown rapidly in recent years. It will grow from $16.69 billion in 2023 to $19.04 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to rise in wellness and self-care trends, aging population demands, celebrity endorsements and influencer marketing, shift in consumer preferences, rise in disposable income.

The medical spa market size is expected to see rapid growth in the next few years. It will grow to $32.13 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to shift in consumer demands, growing popularity of wellness and self-care, innovations in treatment modalities, health and beauty influencer impact, economic factors. Major trends in the forecast period include wellness integration in treatments, focus on regenerative therapies, personalized and customized experiences, popularity of preventative treatments, ethical and sustainable practices.

The rise in demand for aesthetic procedures is expected to propel the growth of the medical spa market. The aesthetic procedure refers to procedures that improve the face and body appearance. There has been a growing emphasis on the body and beauty for identity and self-expression. According to The American Society for Aesthetic Plastic Surgery, in 2021, facial procedures increased by 54 percent and aesthetic body procedures shot up by 63 percent from 2020. Thus, the rise in demand for aesthetic procedures will drive the medical spa market.

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The medical spa market covered in this report is segmented –
1) Medical Spa Market By Service: Skin Rejuvenation, Facial Injectable, Body Shaping, Hair Removal, Other Services
2) Medical Spa Market By Age: Adolescent, Adult, Geriatric
3) Medical Spa Market By User: Women, Men

Top Major Players

Serenity Spa at The Ritz-Carlton Dubai

The Spa at Trump International Hotel and Tower Chicago

Spa at The Resort at Pedregal

Remède Spa at St. Regis Bali

Chic La Vie MedSpa

Major companies in the medical spa market are focused on developing innovative platforms, such as end-to-end software solutions, for enhanced efficiency and to maximize profits in the market. An end-to-end software solution refers to a comprehensive and integrated software system that covers the entire workflow or process from start to finish. For instance, in August 2023, Nextech, a US-based provider of healthcare technology solutions, launched Nextech Med Spa, the industry’s first end-to-end software solution tailored for med spas. This platform is designed to revolutionize med spa operations by streamlining workflows, enhancing client experiences, and fostering business growth. Nextech Med Spa addresses unique challenges faced by med spa owners through a comprehensive platform that offers visibility and management capabilities from the front desk to exam room consultations. It features fast charting and photo management, a centralized check-in/out hub, and an integrated point-of-sale and membership management system, providing med spa owners with tools to optimize business operations and deliver exceptional client experiences.

The medical spa market report table of contents includes:

1. Executive Summary

2. Medical Spa Market Characteristics

3. Medical Spa Market Trends And Strategies

4. Medical Spa Market – Macro Economic Scenario

5. Global Medical Spa Market Size and Growth

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32. Global Medical Spa Market Competitive Benchmarking

33. Global Medical Spa Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Medical Spa Market

35. Medical Spa Market Future Outlook and Potential Analysis

36. Appendix