The medical spa market is a rapidly growing industry, with more and more people seeking out non-invasive cosmetic treatments in a spa-like setting. Medical spas, also known as medi-spas or day spas, offer a wide range of cosmetic treatments, such as Botox injections, laser hair removal, and chemical peels. These treatments are performed by licensed medical professionals, such as dermatologists, plastic surgeons, and aestheticians.
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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One of the main drivers of the medical spa market is the increasing demand for non-invasive cosmetic procedures. Many people are looking for ways to improve their appearance without undergoing surgery, and medical spas offer a wide range of non-invasive options. For example, Botox injections are a popular treatment for reducing the appearance of wrinkles and fine lines, while laser hair removal is a popular choice for getting rid of unwanted hair.
Another driver of the medical spa market is the growing demand for anti-aging treatments. As the population ages, more and more people are looking for ways to slow down the aging process and improve their overall appearance. Medical spas offer a wide range of anti-aging treatments, such as facials, chemical peels, and microdermabrasion.
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 also driven by the increasing acceptance of cosmetic treatments. In the past, cosmetic treatments were seen as something only for the wealthy and famous, but now they are becoming more mainstream. As the cost of treatments comes down and the availability of treatments increases, more and more people are turning to medical spas to improve their appearance.
The medical spa market is also driven by the growing availability of new technologies. Medical spas are constantly updating their equipment and techniques to offer the latest and most effective treatments. For example, many medical spas now offer laser treatments for a variety of skin conditions, such as acne, rosacea, and sun damage.
Overall, the medical spa market is a rapidly growing industry, driven by increasing demand for non-invasive cosmetic treatments, anti-aging treatments, and the growing acceptance of cosmetic treatments. With new technologies and treatments becoming available, the medical spa market is expected to continue to grow 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
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