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Medical Spa Market Trends

Report ID: GMI8434
Published Date: Mar 2024
Report Format: PDF

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Medical Spa Market Trends

Non-invasive or minimally invasive procedures have gained popularity due to their convenience, effectiveness, and reduced risks compared to surgical alternatives. For instance, as per estimates, in the year 2019, cryolipolysis stood out as the foremost body sculpting procedure, witnessing 257,000 treatments administered solely in the U.S.

Globally, the aggregate count of cryolipolysis procedures exceeded 4 million. Thus, patients prefer treatments such as laser therapy, injectables, and non-surgical body contouring such as cryolipolysis for their ability to achieve noticeable results without the need for surgery. Therefore, medical spas cater to this demand by offering a variety of non-invasive treatments.

Furthermore, advances in technology have made aesthetic medicine safer, more effective, and less invasive.
Societal norms and a growing emphasis on appearance have led to an increasing demand for aesthetic procedures. People seek treatments to address signs of aging, enhance their appearance, and boost self-confidence.
Medical spas offer a range of treatments to meet these demands, including Botox, dermal fillers, laser treatments, and body contouring procedures.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The medical spa market was valued at around USD 18.1 billion in 2023 and is estimated to reach over USD 55.3 billion by 2032, driven by a combination of medical and cosmetic treatments in a spa-like environment.

The single ownership segment held a major market share of 35.9% in 2023, fueled by its ability to ensure superior service quality, streamlined decision-making processes, and personalized customer experiences.

In 2023, North America medical spa market share as 40.6% and will continue to rise through 2032, attributed to higher prevalence of obesity driving demand for weight management and body contouring services, along with presence of affluent population with high disposable income levels.

AbbVie Inc., Alma Lasers LTD, Candela Corporation, Cutera, Inc., Cynosure, Solta Medical Inc., American Laser NW, Hand & Stone Franchise Corp., Ideal Image, ME SPE Franchising, LLC., Skin Laundry Holding, LLC, and Sono Bello.