Global Medical Spa Strategic Business Report 2023: Rise of Traditional Holistic Medicine Encourages Medical Spas to Focus on Alternative Health

DUBLIN, March 31, 2023 /PRNewswire/ -- The "Medical Spa: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Medical Spa estimated at US$14.4 Billion in the year 2022, is projected to reach a revised size of US$45 Billion by 2030, growing at a CAGR of 15.3% over the analysis period 2022-2030.

Facial Treatment, one of the segments analyzed in the report, is projected to record a 14.6% CAGR and reach US$19.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Body Shaping & Contouring segment is readjusted to a revised 17.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.4 Billion, While China is Forecast to Grow at 20.6% CAGR

The Medical Spa market in the U.S. is estimated at US$5.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.7 Billion by the year 2030 trailing a CAGR of 20.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 13.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.6 Billion by the year 2030.

Select Competitors (Total 160 Featured) -

• Aesthetics Medispa
• Allure Medspa
• Bijoux Medi-Spa
• Biovital Medspa, LLC
• Canyon Ranch, Inc.
• Chic la Vie Med Spa
• Chiva Som
• Clinique La Prairie
• Cynosure, Inc.
• Hyatt Corporation
• Lanserhof Lans
• Lily's Medi Spa
• Lisse
• Lumenis, Ltd.
• Mandarin Oriental Hotel Group Limited
• Sciton, Inc.
• Serenity Medspa
• Sha Wellness Clinic
• Syneron Candela Medical
• The DRx Clinic
• True Skin Care Center
• Vilalara Longevity Thalassa & Medical Spa
• Westchase Medspa, LLC

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Medical Spa - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Medical Spas Mark the Convergence of Beauty & Medicine
• Robust Outlook for the Beauty Industry Provides the Foundation for Growth in the Medical Spa Market
• The Never-Ending "Race" Between the Virus & Vaccines Continues. Amidst this Chaotic Battle, Where is the World Economy Heading Now & Beyond?
• Omicron Variant Brings Back Memories & Fears of the Worst Part of the 2020 Pandemic
• Time is of Essence! What We Know So Far - "Vaccine Efficiency Against New Strains is Decreasing"
• With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking. But How Practical Is It to Implement Them?
• With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness, but this Strategy is Not Within Reach for Most Countries: Number of Booster Doses Administered Per 100 People by Country as of December 2021
• At the Dawn of 2022, We Leave Behind Millions of Deaths Due to New Strains & Once Again Stare at an Impending Catastrophe
• How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
• Split Scenarios Unfold: The Great Vaccine Divide Emerges
• Vaccine Imbalances to Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of November 2021
• Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
• With IMF Making an Upward Revision of Global GDP for 2021, Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
• A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
• Easing Unemployment Levels in 2021 & 2022 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
• Medical Spa: Overview & Benefits
• Recent Market Activity
• World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Growing Popularity of Beauty & Wellness Tourism & Post Pandemic Optimism for a Recovery Bodes Well for Medical Spas
• Efforts to Push Beauty & Wellness Tourism, a Boon for Medical Spas
• Beauty & Wellness Tourism to Attain Greater Heights in Post-Pandemic Era
• Rise of Traditional Holistic Medicine Encourages Medical Spas to Focus on Alternative Health
• Medical Spas Incorporate Herbs into all Aspects of the Spa Experience Encouraged by the Increasing Consumer Acceptance of Herbal Medicines
• Strong Acceptance of Herbal Medicines Leads Medical Spas to Integrate Herbs into the Entire Treatment Experience: Global Opportunity for Herbal Medicines (In US$ Billion) for Years 2021, 2023, 2025 and 2027
• Desire to Look Young Among the Rapidly Aging World Population Drives Demand for Anti-Aging Services & Treatments at Medical Spas
• Rapidly Aging Population Throws the Spotlight on the Massive Demand Potential for Anti-Aging Treatments: Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
• Robust Growth in Spending on Anti-Aging Solutions to Support the Rise of Anti-Aging Medical Spas: Global Opportunity for Anti-Aging Products (In US$ Billion) for Years 2021, 2023, 2025 and 2027
• Rise in Demand for Aesthetic Services Brightens the Outlook for Non-Invasive and Minimally-Invasive Medical Spa Treatments
• Expanding Market for Aesthetic Services Provides a Goldmine of Service Opportunities for Medical Spas: Global Market for Aesthetic Services (In US$ Million) for Years 2021, 2023, 2025 and 2027
• Medical Spas Expand Services to Include Dermal Fillers and Botox Treatment Encouraged by Strong Demand Patterns
• Botulinum Toxin in the Spotlight
• Cosmetic Botulinum Toxin Procedures Performed Worldwide (2021): Percentage Breakdown of Procedure Volume by Age Group
• Global Market for Botulinum Toxin in Aesthetics Applications (In US$ Million) for Years 2021, 2023, 2025 and 2027
• Boom in Demand for Cosmetic Procedures Amid the Pandemic Bodes Well for Market Growth
• Thalassotherapy Harnesses Curative Properties of Seawater to Provide Holistic Spa Treatments
• Increasing Acceptance of Male Aesthetics Present Untapped Growth Opportunities
• Importance of Mental Wellness and Stress Management in the Aftermath of the Pandemic to Trigger Demand for Spa Therapy
• Hair Removal, A Popular Service Offering in Medical Spas

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/tyfttc

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