Rise in the incidence of skin damage, changes in lifestyle, increase in the adoption of noninvasive procedures, and surge in demand for aesthetic enhancement procedures drive the growth of the global medical spa market. The outbreak of the pandemic led to the closure of most of the medical spa facilities across the world, especially during the initial phase of the pandemic, which impacted the global medical spa market negatively.
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According to the report, the global medical spa industry was estimated at $12.43 billion in 2020 and is anticipated to hit $29.54 billion by 2030, registering a CAGR of 9.0% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chains, key investment pockets, regional scenarios, and competitive landscapes.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐭𝐨 𝐠𝐞𝐭 𝐚𝐜𝐜𝐞𝐬𝐬 𝐨𝐟 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐩𝐚𝐠𝐞𝐬:
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Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, “The growth of the global medical spa market is attributed to the rising aging population, increase in aesthetics:
enhancement among women, and a surge in minimally invasive procedures. Moreover, increase in healthcare expenditure and rise in disposable income are expected to further drive the market growth during the forecast period.”
COVID-19 scenario:
The outbreak of the pandemic led to the closure of most of the medical spa facilities across the world, especially during the initial phase of the pandemic, which impacted the global medical spa market negatively.
However, the market is projected to get back on track soon.
The report offers detailed segmentation of the global three-wheeler market based on services and regions.
By services, the facial treatments segment held the major share in 2020, garnering nearly one-third of the global medical spa market. The same segment is also anticipated to witness the fastest CAGR of 10.3% from 2021 to 2030.
By region, North America held the highest share in 2020, generating more than two-fifths of the global medical spa market. The Asia-Pacific region, on the other hand, is anticipated to cite the fastest CAGR of 10.7% throughout the forecast period.
Leading Market Players
Canyon Ranch
Chiva Som
Clinique La Prairie
Allure Medspa
Westchase Medspa
Biovital Medspa
Cocoon Medical Spa
Hyatt Corporation
True Skin Care Center
Vilalara Longevity Thalassa & Medical Spa
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