DUBLIN–(BUSINESS WIRE)–The “Medical Spa Market” report has been added to ResearchAndMarkets.com’s offering.
The global medical spa market size is expected to reach USD 63.79 billion by 2032, according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
Growing consumer awareness of self-care and anti-aging services, as well as the quick development of the wellness tourism industry, are some of the reasons that contribute to the market growth. This is due to several factors, including the advancement of skincare technology, an increase in disorders related to the skin, and the demand for improved medical spa treatments. The substantial demand for non-invasive procedures including chemical peels and non-surgical skin tightening, as well as body sculpting and tattoo eradication.
According to the Solomon Cosmetic 2022 research, Botox is unquestionably the number one non-invasive therapy in 2022. In the US, Botox is administered to more than 7.4 million patients. While considering international treatments, the market for Botox is considerably bigger at roughly USD 4.4 billion.
The main focus of concern in the US is branded medical spa service providers looking to introduce novel products in order to meet updated regulatory standards. Additionally, government financing for ongoing clinical research has allowed the US to dominate the global market for medical spa services. For example, on April 2022, the FDA approved the most recent neurotoxin, Dermatox, for use in facial injections. This neurotoxin is recognized as a real game-changer for aesthetic procedures.
Medical Spa Market Report Highlights
In 2022, the market was led by the facial treatment category. The significant market position is primarily driven by the rising popularity of anti-aging treatments like Botox and dermal fillers.
In 2022, the Adult category lead the market due to growing adult interest in body sculpting and anti-aging therapies is the primary factor driving the industry.
In 2022, the single ownership segment had the largest revenue share. The primary drivers for market expansion because the small-sized, and single-location medical spa supplied with the most modern technology.
North America is expected to dominate the market. The region’s easy availability to a variety of services and goods for various cosmetic procedures is expected to boost market expansion even further.
The global players with global presence include Lily Medical and Spa, The Drx Aesthetics, Mandarin Oriental, Westchase, Lisse, Medspa, Chiva Som, and Mandarin Oriental.
Market Dynamics
Drivers and Opportunities
Increasing Awareness About Self-Care and Antiaging Services
Growing Demand for Noninvasive Aesthetic Treatment
Restraints and Challenges
Risk Associated With Non-Surgical Procedures
The publisher has segmented the Medical Spa Market report based on service, age group, service provider, and region:
Medical Spa, Service Outlook (Revenue – USD Billion, 2019 – 2032)
Facial Treatment
Body Shaping & Contouring
Hair Removal
Scar Revision
Tattoo Removal
Other Services
Medical Spa, Age Group Outlook (Revenue – USD Billion, 2019 – 2032)
Adolescent
Adult
Geriatric
Medical Spa, Service Provider Outlook (Revenue – USD Billion, 2019 – 2032)
Single Ownership
Group Ownership
Free-standing
Medical Practice Associated Spas
Medical Spa, Regional Outlook (Revenue – USD Billion, 2019 – 2032)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Companies Mentioned
Biovital medspa
Chic La Vie
Kurotel-Longevity Medical Center and spa
Westchase Medsap
Bijoux Medi-Spa
Clinique La Prairie
Lanserhof Lans
Orchard Wellness Resort
Biovital Medspa
Allure Medspa
Serenity Medspa
Vichy Celestins Spa Hotel
Sha Wellness Clinic
Brenners Park-Hotel & Spa
Mezzatorre
Cocoona Centre Of Aesthetic Transformation
Lily Medical and Spa
Aesthetics Medispa
The Drx Aesthetics
Mandarin Oriental
Westchase
Lisse
Medspa
Chiva Som and Mandarin Oriental
For more information about this report visit https://www.researchandmarkets.com/r/kcz2ew-spa-market?w=4
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