Medical Spa Market Size, Share, and Trends 2024 to 2033

Medical Spa Market Size and Manufacturers

The global medical spa market size exhibited USD 19.05 billion in 2023 and is estimated to be worth around USD 78.42 billion by 2033 with a CAGR of 15.19% from 2024 to 2033. The medical spa market is driven by the growing interest in non-invasive and minimally invasive aesthetic procedures.

Key Takeaways

• North America dominated the market with the largest market share of 42% in 2023.
• Asia Pacific is observed to witness the fastest rate of expansion during the forecast period.
• By service, the facial treatment segment dominated the market with the largest share in 2023.
• By gender, the female segment dominated the market with the biggest market share of 86% in 2023.
• By age group, the adult segment held the largest share of 72% in 2023.
• By service provider, the single ownership segment held the highest market share of 37% in 2023.

Medical Spa Market in the U.S. 2024 to 2033

The U.S. medical spa market size was valued at USD 5.60 billion in 2023 and is anticipated to reach around USD 23.06 billion by 2033, poised to grow at a CAGR of 15.20% from 2024 to 2033.

North America held the largest share of the medical spa market in 2023. Patients looking for medical spa treatments are drawn to North America because of its well-established healthcare infrastructure, which includes cutting-edge medical facilities and technologies. More people can now afford medical spa operations because of its comparatively prosperous population and high disposable income. Leading the way in technological advancements for the medical spa sector, it provides state-of-the-art operations and treatments that draw both local and foreign customers. The growing interest in non-invasive cosmetic procedures, skincare, and well-being has increased the demand for medical spa services in North America.

• For instance, in November 2023, with total gross proceeds of $6,000,000, before deducting underwriting discounts and other offering expenses, Elevai Labs, Inc., a medical aesthetic company that specializes in physician-dispensed skincare goods, closed its earlier-announced initial public offering of 1,500,000 shares of ordinary stock at a public offering price of $4.00 per share.
• On November 21, 2023, the common stock started trading on the Nasdaq Capital Market with the "ELAB." The California-based medical aesthetic business plans to increase its sales force and reach and expand its business with the money.

Asia-Pacific is expected to witness the fastest rate of expansion in medical spa market during the forecast period. Growing earnings have led to a rise in discretionary spending on health and beauty services, including medical spa treatments, in several Asia-Pacific nations. The demand for medical spa services is driven by a desire for a young appearance and a heightened knowledge of aesthetic treatments, influenced by social media and globalization. Numerous nations in the Asia-Pacific area, including South Korea, Thailand, and India, have emerged as well-liked hubs for medical tourism, drawing in travelers looking for luxurious, however reasonably priced, medical spa services.

• For instance, there is a notable trend towards non-surgical cosmetic procedures, which provide people with the least invasive solutions to meet their desired aesthetic objectives. This trend is especially noticeable in India, where non-surgical cosmetic treatments have increased due to cultural norms, technical developments, and a greater emphasis on self-care.

Medical Spa Market Overview

The medical spa market offers cosmetic procedures including fillers and Botox injections, laser hair removal and skin rejuvenation, microneedling, chemical peels, and non-invasive body sculpting. New technologies that provide less invasive and more effective medical care are developed daily. This covers the application of robotics, radiofrequency, ultrasound, and lasers. With procedures like Botox, microdermabrasion, and hair loss treatments becoming increasingly popular, more men are pursuing medical spa treatments. Social media significantly impacts customer behavior and the promotion of medical spa services.

Telehealth platforms are becoming increasingly popular since they enable monitoring patients remotely after treatment and conducting virtual consultations. In response to the increasing need for stress reduction and mental health treatments, medical spas provide massage therapy, light therapy, and meditation.

• In August 2023, the top authority on aesthetic plastic surgery, the Aesthetic Society, recently issued its yearly Aesthetic Plastic Surgery National Databank study for 2022, highlighting essential developments in the field. The data indicates a 14% rise in the total number of aesthetic treatments, mainly attributable to the popularity of nonsurgical processes, which experienced a 23% increase in the previous year.
• In November 2023, Next January, SHA Wellness Clinic will open its first location outside the United States in Mexico. The company intends to expand globally with this debut, with an Abu Dhabi facility to follow in 2025.

Medical Spa Market Data and Statistics

• Revenues from medical spas in the United States have tripled since 2012 and are expected to reach $17.5 billion by 2022.
• Medical services are now offered in retail spaces previously occupied by tenants selling clothing and accessories. This is because consumer expectations for convenience have expanded beyond the delivery of goods to include more convenient ways to get health and wellness services.
• Botulinum toxin continues to be the most popular non-surgical technique for all age groups and genders, with plastic surgeons performing over 9 million operations globally and a 26.1% rise in usage. Hyaluronic acid operations fell to 4.3 million in second place.

Growth Factors

• Customers are looking for non-surgical options and placing a higher priority on their beauty and personal well-being.
• New tools and methods like radiofrequency body sculpting and microneedling are expanding the range of services offered.
• Comparing medical spas to standard clinics, the former provides a more relaxing and pleasurable experience.
• Customized wellness packages incorporating procedures with fitness, nutrition, and stress management are becoming increasingly popular in medical spas.
• The demand for procedures including body contouring, skin tightening, and wrinkle reduction is driven by a desire to seem younger.
• More and more medical spas are providing expanded services and flexible hours.
• Travelers who mix medical spa treatments with vacations increase the medical spa market reach.

Medical Spa Market Dynamics

Drivers

Rising demand for non-surgical aesthetics

As non-surgical aesthetic treatments are less invasive than standard surgical procedures, a more comprehensive range of people can access and find them appealing. The rising demand for such non-surgical aesthetics acts as a major driver for the medical spa market. Many non-surgical techniques enable people to resume daily activities sooner than surgical procedures because they require less recovery time. A greater emphasis on physical appearance has resulted from the growth of social media and beauty influencers, raising awareness and acceptability of non-surgical aesthetic operations.

Growing focus on wellness

Consumers are increasingly looking for holistic approaches to health and beauty, placing more emphasis on overall wellbeing than on treating symptoms or pleasing appearances. In line with the trend toward proactive health management, medical spas provide wellness-promoting preventative healthcare services such as lifestyle interventions, stress management, and dietary counseling. The medical spa sector is expanding due to rising demand for wellness programs and anti-aging therapies that preserve youth and quality of life.

Restraint

Safety concerns and potential for adverse effects

These worries stem from invasive and non-invasive techniques, like chemical peels, lasers, and injections, which can cause difficulties or unfavorable reactions if not used properly. Furthermore, oversight increases these hazards, and some areas require more uniform laws. Due to concerns about side effects or unsatisfactory outcomes, patients may be reluctant to receive treatments or may look for other options. To alleviate these worries and promote trust in the medical spa sector, it is imperative that practitioners have the appropriate training and certification, and that risks and advantages are communicated openly and honestly.

Opportunities

Growing demand for non-invasive and minimally invasive procedures

In comparison with standard surgical operations, these methods offer patients lower risk, faster recovery times, and frequently more inexpensive options. Medical spas are well-positioned to cater to consumer desires as they prioritize convenience, safety, and results that seem natural. Furthermore, new developments in technology and methods keep broadening the scope of services offered by medical spas, drawing in a more extensive clientele of people looking for non-surgical aesthetic upgrades and rejuvenation. In addition to increasing revenue for medical spas, this trend encourages innovation and competition among service providers as they compete to give the newest and most efficient treatments.

Focus on wellness and preventative care

Along with standard cosmetic procedures, medical spas can offer integrative therapies, including dietary counseling, acupuncture, massage therapy, and stress management. This all-encompassing strategy targets mental and physical health, appealing to a growing market of customers concerned about their health. It can offer preventive screenings, health assessments, and lifestyle consultations to identify potential health problems early on and provide recommendations on preventative measures.

This preventive strategy fits the growing trend of people who want to prevent health problems before starting. Medical spas can improve preventative care services by incorporating new technology, such as wearables and health tracking applications. Proactive health management is made possible by these technologies, which let clients track their progress and monitor their health parameters.

Service Insights

The facial treatment segment dominated the medical spa market with the largest share in 2023. A tendency for minimally invasive or non-invasive cosmetic operations has grown. This group includes facial treatments, which provide non-surgical solutions for various skin issues. Numerous services are included in facial treatments, such as chemical peels, microdermabrasion, laser treatments, and facials. Due to its ability to accommodate different skin types and issues, medical spas can draw on a broader clientele.

Medical spas frequently provide individualized treatment programs based on their patrons' specific aims and skin issues. Customization improves customer satisfaction and experience, encouraging return business and enduring loyalty.

The body shaping & contouring segment is the fastest growing in the medical spa market during the forecast period. The desire for non-invasive methods to provide a more sculpted and contoured body image is rising. Options offering less downtime and efficient outcomes are becoming increasingly sought after by consumers.

The emphasis on keeping a young appearance is growing as the population matures. Body shape and contouring procedures deal with typical issues like cellulite, drooping skin, and persistent fat deposits. On social media, celebrities and influencers frequently share their experiences with body contouring procedures, raising consumer interest and awareness.

Gender Insights

The female segment dominated the medical spa market with the largest share in 2023. Historically, women have been the primary users of health and cosmetic services, including those provided by medical spas. They frequently look for therapies for anti-aging, hair removal, skin renewal, and general health. Because of society's emphasis on female looks and cultural conventions, women are more likely to devote time and money to skincare, beauty treatments, and aesthetic procedures provided by medical spas.

The male segment witnessed lucrative growth in the medical spa market during the forecast period. Men are showing growing interest in medical spa treatments as they become more aware of their general well-being and looks. There is less stigma attached to men seeking cosmetic operations because of a change in society's attitudes regarding male grooming and self-care. Men seeking all-encompassing methods for bettering their health and well-being are drawn to medical spas that combine wellness treatments with cosmetic surgeries.

Age Group Insights

The adult segment dominated the medical spa market in 2023. In contrast to younger groups, adults usually have more spare income, which enables them to purchase pricey medical spa treatments. Medical spas are seeing an increase in demand for anti-aging and rejuvenation treatments as the population ages. Adults are increasingly likely to spend money on operations that enhance their physical attractiveness and general well-being as their understanding of health and wellness grows.

The geriatric segment shows a notable growth in the medical spa market during the forecast period. Seniors seeking wellness and beauty treatments to maintain or improve their appearance and general well-being are becoming more prevalent as the world's population ages. The number of older adults interested in non-invasive cosmetic procedures to treat age spots, wrinkles, and fine lines is rising. Thanks to technological advancements, older people who might be worried about the risks involved with traditional surgical interventions can now undergo safer and more effective procedures.

Service Provider Insights

The single ownership segment dominated the medical spa market with the largest share in  2023. Stronger control over service quality is made possible by single ownership, ensuring consistency and high standards are followed. Maintaining a consistent brand identity and image across services, marketing, and customer experience is simpler when only one owner exists. Since the owner is personally accountable for the operation and reputation of the company, patients frequently like medical spas with a single ownership structure since it gives the impression that the facility is trustworthy and accountable.

The free-standing segment is the fastest growing in the medical spa market during the forecast period. Beyond typical spa services, consumers are increasingly looking for customized treatments. Free-standing medical spas are becoming increasingly popular because they provide a variety of specialist treatments, such as non-invasive body contouring, laser hair removal, and Botox injections for cosmetic purposes. Customers find free-standing medical spas handy because they are frequently found in conveniently accessible locations like shopping malls or urban districts. Recurring business is encouraged, and this accessibility improves consumer engagement.

Recent Developments

• In February 2023, with great pleasure, Sun Acquisitions announces that Trouvaille Med Spa has been successfully sold to MedSpa Partners Inc. By purchasing Trouvaille Med Spa, MedSpa Partners Inc. can carry out its objective of creating and merging top medical aesthetics clinics, empowering medical professionals in their affiliated companies to fulfill their personal and professional ambitions and delivering top-notch customer experiences via community, networking, and collaboration.
• In August 2022, Erin, Vic, and the Ageless Medical team are cordially invited to join MedSpa Partners Inc.'s exclusive medical aesthetics platform in North America. Located near Fort Lauderdale, Florida, Ageless Medical offers a best-in-class experience that has pleased thousands of patients over the past 15 years by fusing cutting-edge technology, sophisticated procedures, and flawless customer service.

Medical Spa Market Companies

• Chic La Vie Med Spa
• Clinique La Prairie
• Kurotel-Longevity Medical Center and Spa
• Lanserhof
• The Orchard Wellness Resort
• Biovital Medspa LLC
• Allure Medspa
• Longevity Wellness Worldwide
• Lisse
• The DRx Clinic
• Westchase Medspa
• Chiva Som
• Mandarin Oriental Hotel Group Limited
• Serenity Medspa
• Vichy Celestins Spa Hotel
• Brenners Park-Hotel & Spa
• SHA Wellness Clinic
• Cocoona Centre Of Aesthetic Transformation
• Mezzatorre Hotel and Thermal SPA
• Aesthetics Medispa
• Lily’s Medical Spa

Segments Covered in the Report

By Service

• Facial Treatment
• Body Shaping & Contouring
• Hair Removal
• Scar Revision
• Tattoo Removal
• Other Services

By Gender

• Male
• Female

By Age Group

• Adolescent
• Adult
• Geriatric

By Service Provider

• Single Ownership
• Group Ownership

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa