Medical spas provide advanced skin care treatments and non-invasive aesthetic treatments guided by trained medical professionals. Medical spas aim to rejuvenate the skin through therapies like facials, peels, laser treatments and injectables to reduce signs of aging. They also help reduce stress and promote overall wellbeing through therapies like massage, yoga and other natural treatments.

The global Medical Spa Market is estimated to be valued at US$ 16.58 Billion in 2024 and is expected to exhibit a CAGR Of 14% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The growing awareness about medical benefits of spa treatments is one of the key drivers of the global medical spa market. People are increasingly opting for spa treatments not just for relaxation or beautification but to address various medical conditions like pain relief, skin issues, stress reduction etc. The treatments are performed under trained medical supervision and target specific health goals like reducing acne, eliminating cellulite or loosening tight muscles. Additionally, rising income levels are also contributing to higher spending on self-care and wellness therapies. Younger population in particular is keen to delay signs of aging and adopt preventive measures like spa treatments to maintain youthful skin and appearance for longer.

Segment Analysis

The global medical spa market can be segmented by service type into body shaping, facial treatment, hair removal, scar/tattoo removal, and other treatments. The facial treatment segment dominates the market and is expected to witness high growth during the forecast period. The facial treatment segment includes services such as anti-aging treatments, microdermabrasion, chemical peels, laser treatments, and facials. Facial treatments are highly popular owing to the growing consumer demand for youthful appearance and increasing beauty awareness.

Key Takeaways

The Global Medical Spa Market Demand is expected to witness high growth over the forecast period of 2024 to 2031.

Regional analysis:

The Asia Pacific region is expected to witness the fastest growth in the global medical spa market during the forecast period. The growing middle-class population, increasing disposable incomes, rising beauty consciousness, and availability of low-cost treatments are boosting the market growth in Asia Pacific countries like China, India, Thailand, and South Korea.

Key players operating in the global medical spa market are Longevity Wellness Worldwide, The 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's Medi Spa, Aesthetics Medispa, The Drx Aesthetics, Mandarin Oriental, Westchase, Lisse, Medspa, Chiva Som, Chic La Vie,Kurotel-Longevity Medical Center and Spa, Clinique La Prairie and Lanserhof Lans.

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