Increasing Awareness about Self-Care to Propel Medical Spa Market Growth at USD 57.41 Billion by 2031

October 24 18:30 2024
Increasing Awareness about Self-Care to Propel Medical Spa Market Growth at USD 57.41 Billion by 2031
Medical Spa Market
The medical spa market is on a remarkable growth trajectory, projected to expand from USD 18.60 billion in 2023 to USD 57.41 billion by 2031, with a robust CAGR of 15.13%. Key drivers include diverse services like facial treatments and body contouring, catering to various age groups and genders. The market is segmented by service providers, ranging from single to group ownership, highlighting its evolving landscape. This sector promises substantial opportunities through 2031.

In recent times, the medical spa market is witnessing immense growth primarily due to the increasing awareness about self-care and anti-aging services among customers. As per the American Med Spa Association (AMSA) there is a huge demand for minimally invasive treatments, which involves procedures like chemical peels, non-surgical skin tightening, body sculpting, and tattoo removal. Furthermore, the growing popularity of wellness-themed vacations, along with wellness packages in hotels, is also increasing the demand for such services.

Today, customers are becoming more social media savvy and are more aware about anti-aging solutions, which is increasing the demand for anti-aging skin care solutions. Furthermore, growing disposable income, particularly in developing economies, and the huge growth of tourism sectors are also positively influencing the growth of the market. Many companies are offering personalized beauty treatment for justifying the premium prices. The popularity for biophilic designs and wellness architecture is also rapidly increasing, which is boosting the growth of medical spa market. 

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Growing Usage of Non-Invasive Body Contouring Treatments to Get Better Therapies Without Surgery 

Body contouring treatment is a new non-invasive therapy whose popularity is increasing among people rapidly. In the past few years, body contouring treatments have witnessed significant progression. With advancement this treatment can offer non-invasive ways to tone and sculpt the body without any surgery. Furthermore, other treatments that come under contouring are fat reduction, radiofrequency therapy, CoolSculpting and more. These treatments target cellulite and stubborn fat deposits, offering a minimally invasive and painless alternative for liposuction. People going through this treatment can easily reach their physical objectives without going under knives. 

Rising Popularity of Advanced Anti-Aging Treatment to Reduce Aging Symptoms 

One of the main offerings provided by medical spas are anti-aging treatment and processes. Regenerative therapies like stem cell therapy and platelet-rich plasma treatments are the latest trends whose popularity is rapidly increasing among customers. These are natural procedures that can revitalize the skin and reduce aging symptoms by using the body’s innate healing capabilities. Moreover, conventional treatments are also being improved with advanced laser technologies and microneedling to offer clients smooth and younger-looking skin. 

In January 2024, Empower Aesthetics made announcement about their partnership with DermaTouch RN and AW Skin Co. This is one of the nation’s prominent medical aesthetic practices with locations in Houston and San Antonio, Texas. 

In November 2023, SHA Wellness Clinic announced that they will launch their first international outpost in Mexico next January. The opening will be the initial step of their global expansion plans, followed by an Abu Dhabi location in 2025. 

In January 2023, Chiva Som launched an online naturopathic and nutritional consultation program designed for children. This objective of this program is to provide specialized holistic health guidance for children, reflecting the commitment to complete wellbeing. 

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This report covers the following segments:  

Service  

Facial Treatment  

Body Shaping & Contouring  

Hair Removal  

Scar Revision  

Tattoo Removal  

Other Services  

 

Age Group  

Adolescent  

Adult  

Geriatric  

 

Gender  

Male  

Female  

 

Service Provider  

Single Ownership  

Group Ownership  

Free-standing  

Medical Practice Associated Spas  

 

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Medical Spa Market Top Player’s Company Profiles

Clinique La Prairie (Switzerland)

Kurotel-Longevity Medical Center and Spa (Brazil)

Lanserhof (Germany)

The Orchard Wellness Resort (Germany)

Vichy Celestins Spa Hotel (France)

Brenners Park-Hotel & Spa (Germany)

SHA Wellness Clinic (Spain)

Cocoona Centre Of Aesthetic Transformation (Spain)

Mezzatorre Hotel and Thermal SPA (Italy)

Lisse (Switzerland)

The DRx Clinic (Switzerland)

Chiva Som (Thailand)

Biovital Medspa LLC (United States)

Allure Medspa (United States)

Longevity Wellness Worldwide (United States)

Serenity Medspa (United States)

Aesthetics Medispa (United States)

Lily’s Medical Spa (United States)

Westchase Medspa (United States)

Mandarin Oriental Hotel Group Limited (Hong Kong)  

Growing Demand for Combined Treatments to Get Better Results 

The popularity of getting multiple treatments collectively in a single session is increasing rapidly because they offer better efficiency and outcomes. By integrating complementary treatments to increase their benefits, this method offers comprehensive outcomes timely. The combination of services that can be offered to clients are skin tightening and body contouring or LED light therapy and rejuvenating facials. Incorporating this method will improve the course of treatment and results, boosting the growth of medical spa market.  

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