Medical Spa Market Size, Share, Growth Analysis, By Service(Facial Treatment, Body Shaping & Contouring), By Age Group(Adolescent, Adult), By Gender(Male and Female), By Service Provider(Single Ownership, Group Ownership) - Industry Forecast 2024-2031

Global Medical Spa Market size was valued at around USD 16.39 billion in 2022 and is expected to rise from USD 18.84 billion in 2023 to reach a value of USD 57.52 Billion by 2031, at a CAGR of 14.97% over the forecast period (2024–2031).

The increasing consumer interest in self-care and anti-aging products, as well as the swift growth of the wellness tourism sector, are some of the factors driving the global medical spa market. The American Med Spa Association (AMSA) claims that there is a significant demand for non-invasive skin tightening, chemical peels, body contouring, and tattoo removal.Additionally, the popularity of wellness-themed vacations is rapidly increasing owing to hotel wellness packages.

The continually changing demands of the client have shaped the medical spa. As users of social media become more savvy, anti-aging solutions are becoming more and more well-liked. The increased demand for anti-aging skincare products remains the main driver of this industry. With 6.1 million operations, including 684,000 surgical procedures and 5.4 million minimally invasive procedures, people between the ages of 30 and 39 accounted for 45% of all cosmetic surgeries carried out in the US in 2022.

The rise in consumer discretionary income, especially in emerging economies, and the expansion of the tourism sector are other factors driving demand for these services. Important companies offer customized beauty services to justify high expenses and benefit from their position. A recent innovation in the field is the integration of wellness architecture and biophilic design into the entire structural design of the building.

The rapid growth of the wellness tourism market has created exciting prospects for new entrants that provide a distinctive fusion of industrial sectors, including hospitality, travel, beauty treatments, and fitness. The market is also anticipated to grow as more women in their late 20s use dermal fillers and as demand for laser hair removal and cosmetic procedures rises.

US Medical Spa Market is poised to grow at a sustainable CAGR for the next forecast year.