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Medical Spa Market Is Projected to Reach $29,542.33 Million by 2030 | Allied Market Research

Kanika Gupte
Medical Spa Market Is Projected to Reach $29,542.33 Million by 2030 | Allied Market Research

Allied Market Research published a report, titled, " Medical Spa Market by Service (Body Shaping, Hair Removal, Facial Treatment, Tattoo Removal, Scars & Striae, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030. " 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.

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Major Key Market Players Are:

Allure Medspa

Biovital Medspa

Canyon Ranch

Chiva Som

Cocoon Medical Spa

Clinique La Prairie

Hyatt Corporation

True Skin Care Center

Vilalara Longevity Thalassa & Medical Spa

Westchase Medspa

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.

A health spa combines medical expertise and technology with the relaxing experience of a spa. The health spa offers a full body treatment, which also includes nutritional advice. These spas are a unique blend of medicine and beauty, to provide quality beauty treatments in a relaxing environment. In addition, these treatments are recommended in medical care.

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North America held the major share in 2020 -

By region, North America held the highest share in 2020, generating more than two-fifths of the global medical spa market. Rise in consumer awareness for looks, rapid adoption of advanced technologies, and huge presence of key players across North America drive the market growth. The Asia-Pacific region, on the other hand, is anticipated to cite the fastest CAGR of 10.7% throughout the forecast period. This is due to rise in disposable income and wide number of facilities offering medical spa services.

However, the lack of trained professionals and the high cost associated with the process and its complexity are hindering the growth of the market. On the other hand, the high market potential in the economy does not appear well, the increase in the variety of products, cooperation and collaboration between the main players and the development of high-tech systems will provide ample opportunities for Growth of the health spa market during the forecast period.

By function, the market is divided into body treatments, hair removal, facial treatments, tattoo removal, scars and striate, etc. The facial care segment generated the highest revenue in 2020 accounting for $4,050.55 and is expected to witness the highest CAGR of 10.3% during the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various research data tables and confirms utmost accuracy in our market forecasting. Each and every us companies and this helps us in digging out market data that helps us generate accurate y data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


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Kanika Gupte
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