Medical Spa Market Size, Share & Trends Analysis Report By Service (Facial Treatment, Body Shaping & Contouring, Hair Removal, Scar Revision, Tattoo Removal), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global medical spa market size was valued at USD 14.4 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 14.82% from 2022 to 2030. The market growth can be attributed to factors, such as increasing consumer awareness about self-care and anti-aging services along with a rapid expansion of the wellness tourism sector. According to the American Med Spa Association (AMSA), there is a high demand for minimally invasive treatments, such as chemical peels and non-surgical skin tightening, along with body sculpting and tattoo removal. Moreover, wellness packages offered in hotels create a fast-growing demand for wellness-themed vacations.

Medical spa has been shaped by constantly changing customer demands. With customers becoming more social media savvy, awareness about anti-aging solutions is on the rise. Increasing demand for anti-aging skincare solutions remains the key driver in this market. According to the 2021 plastic surgery statistics by the American Society of Plastic Surgeons, people aged 30 to 39 accounted for 45% of cosmetic surgeries in the U.S., with 6.1 million total cosmetic procedures, including 684,000 surgical procedures and 5.4 million minimally invasive surgeries.

The rising consumer disposable income, especially in emerging countries, and the expansion of the tourism sector are also boosting the demand for such services. Key companies offer personalized beauty treatments to justify premium prices and aim to leverage their position. An emerging trend in the sector is the incorporation of biophilic design, wellness architecture into the complete structural design of the property.

COVID-19 Medical Spa Market Impact: 7.1 % decrease from 2019 to 2021

Rapid growth in the wellness tourism industry is creating potential growth opportunities for new entrants that offer a unique integration of business areas, such as hospitality, travel, beauty treatments, and fitness. Furthermore, increasing adoption of dermal fillers among women in their late 20s and rising demand for laser hair removal, facial procedures are likely to fuel the market growth.

Service Insights

The facial treatment segment dominated the market with a share of 54.6% in 2021. The dominant share of the segment is mainly attributed to the increasing demand for antiaging treatment options such as Botox and dermal fillers. According to ISAPS, botulinum toxin and hyaluronic acid injections were among the top aesthetic procedures globally. In 2019, a total of 6,271,488 botulinum toxin and 4,315,859 hyaluronic acid procedures were performed worldwide.

The body shaping and contouring segment is anticipated to witness the fastest growth over the forecast period. Noninvasive fat reduction procedures are anticipated to surpass surgical methods such as liposuction. According to the American Med Spa Association’s 2017 State of the Medical Spa Industry report, 54.07% of medical spas in the U.S. offer body contouring services. Advancements in energy-based minimally invasive devices perfectly fit within the medical spa model and are anticipated to open new opportunities for aesthetic enhancement.

Medical spa includes high revenue-generating treatment services, the cost of which continues to rise. For instance, according to the Supplement to Modern Aesthetics by the American Med Spa Association, the average price of laser hair removal in the U.S. rose by around 51% in 2016 than in 2011 whereas the cost of tattoo removal increased by 42%. This trend is supported by increasing out-of-pocket expenditure worldwide, thereby propelling market growth.

Regional Insights

North America dominated the market with a share of 41.9% in 2021 owing to higher expenditure on wellness tourism (domestic and international traffic) than other regions.The easy availability of different services and products for various aesthetic procedures in the U.S. and Canada is expected to further boost the market.  However, in 2021, the sudden onset of the COVID-19 pandemic led to a decrease in the number of aesthetic surgeries, which may hamper the growth of the market in the region. 

Asia Pacific is anticipated to witness the highest CAGR over the forecast period due to the increasing popularity and growth of the wellness tourism sector and rising wellness tourism expenditure. Increasing interest in experiential travel and the growing affordability of flights and travel options will drive the regional market further.

The presence of various large & small players and an increasing presence of global players are anticipated to promote the growth of the market in Asia Pacific. In June 2021, Clinique La Prairie launched a new medical menu at its Bangkok Medical Spa & Aesthetics destination. In March 2021, the company partnered with St. Regis Bangkok owned by Minor Hotels to open a new medical spa facility.

Key Companies & Market Share Insights

Product and service development using novel technology, partnerships with other firms, outlet expansion, and business investments are some of the strategies undertaken by these companies to strengthen their market position. For instance, in November 2021, Chic La Vie launched a Botox skin rejuvenating procedure for men aimed at starting a new revolution where skin rejuvenating spa procedures will not be limited to females only.

In August 2019, Longevity Health & Wellness Hotel expanded its service unit in Portugal. The spa center is equipped with advanced wellness and preventative diagnostics, therapies and programs, and modern integrative and regenerative medicine.

In September 2018, Bliss, a manufacturer of spa and beauty products, launched Medical spa services in their New York locations. Bliss collaborated with Ideal Image, a provider of laser hair removal and aesthetic services, to further incorporate aesthetic services in their Manhattan locations. In addition, in July 2017, Hyatt Hotels acquired Miraval for USD 215 million to target the wellness tourism sector.  Some of the prominent players in the global medical spa market include:

• Chic La Vie

• Clinique La Prairie

• Kurotel - Longevity Medical Center and Spa

• Lanserhof Lans

• The Orchard Wellness Resort

• Biovital Medspa

• Allure Medspa

• Longevity Wellness Worldwide

• Serenity Medspa

• Bijoux Medi-Spa

• Vichy Celestins Spa Hotel

• Brenners Park-Hotel & Spa

• Sha Wellness Clinic

• Cocoona Centre Of Aesthetic Transformation

• Mezzatorre Resort & Spa

• Aesthetics Medispa

• Lily's Medi Spa

• Lisse

• The DRx Aesthetics

• Westchase Medspa

• Chiva Som

• Mandarin Oriental

Medical Spa Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2016 to 2030. For this study, Grand View Research has segmented the global medical spa market report on the basis of service and region:

• Medical Spa Service Outlook (Revenue, USD Million, 2016 - 2030)

  • Facial Treatment

  • Body Shaping & Contouring

  • Hair Removal

  • Scar Revision

  • Tattoo Removal

  • Other services

• Medical Spa Regional Outlook(Revenue, USD Million, 2016 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • India

    • Australia

    • China

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa (MEA)

    • South Africa