Worldwide revenue from the medical spa market stands at US$ 31.8 Bn in 2022, with the global market estimated to surge ahead at a CAGR of 15.1% to reach a valuation of US$ 150.3 Bn by the end of 2033.
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The medical spa market is also segmented based on the type of facility, such as standalone spas, hotel spas, and medical spas attached to a healthcare facility. The standalone spa segment dominates the market due to the ease of access and convenience of these facilities. However, medical spas attached to a healthcare facility are expected to grow rapidly in the coming years due to the increasing demand for medical-grade treatments and the ability to offer more comprehensive care.
North America is the largest market for medical spas, followed by Europe and Asia-Pacific. The North American market is driven by factors such as the high disposable income of consumers, the availability of advanced cosmetic treatments, and the presence of a large number of medical spas. The European market is also growing rapidly due to the increasing demand for non-surgical cosmetic treatments and the availability of advanced healthcare infrastructure.
Companies
- Dermani Medspa
- Lanserhof Tegernsee
- Chic La Vie
- Crown Aesthetics
- Allure MedSpa
- Cienega Med Spa, Inc.
- Clinique La Prairie
- Willow Medspa
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The medical spa market is highly competitive, with a large number of players offering a wide range of services. The major players in the market are focused on expanding their services, investing in research and development, and developing new technologies to provide better results for their customers.
In conclusion, the medical spa market is expected to continue to grow in the coming years due to the increasing demand for non-surgical cosmetic treatments and the availability of advanced healthcare infrastructure. The market is highly competitive, with companies focused on expanding their services and developing new technologies to stay competitive. The standalone spa segment dominates the market, but medical spas attached to a healthcare facility are expected to grow rapidly in the coming years.
Competitive Landscape
Through acquisitions and joint ventures, key firms increase their footprint in growing regions and broaden their service offerings on the global market.
To bring technological advancements to this service industry, market players also bolster their research and development capabilities.
For instance:
- U.S. FDA approved SkinPen® Precision for the treatment of neck wrinkles in April 2021, according to an announcement made by Crown Laboratories, Inc., the US market leader in microneedling technology.
- After a ceremony in Dubai, the World Spa Awards 2019 crowned Lanserhof Tegernsee the World’s Best Medical Spa for the fifth consecutive year in October 2019.
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Key Segments Covered in Medical Spa Industry Research
By Service:
- Skin Rejuvenation
- Facial Injectable
- Aesthetician Services
- Body Shaping & Contouring
- Hair Removal
- Tattoo Removal
- Others
By Age:
- Adolescent
- Adult
- Geriatric
By Service Provider:
- Single Ownership Spa
- Group Ownership Spa
- Free-Standing Spa
- Medical Practice associated Spa
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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