United State Medical Spa Industry Analysis from 2022 To 2032 by Service & Region

The United States is set to dominate the Medical Spa Industry, projected to contribute over US$ 25 billion by the year 2032. This substantial growth is backed by an impressive 13.4% Compound Annual Growth Rate (CAGR) recorded from 2017 to 2021.

In 2021, the United States accounted for nearly 40% of the market share, solidifying its position as the largest market in the industry. An intriguing aspect is that approximately 10% of international visitors specifically come to the USA to avail themselves of medical spa services, as reported by the International Society of Aesthetic Plastic Surgery (ISAPS).

The demographic landscape in the United States is undergoing a significant shift. Every day, more than 12,000 Americans reach the age of 50, and this trend is expected to persist for the next two decades. Studies indicate that in the upcoming 20 years, the population of Americans aged 55 and above will witness a remarkable 60.0% increase.

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The demand for a wide range of treatments, including Botox and collagen injections, cellulite treatments, chemical peels, eyelid surgery, facial rejuvenation, hair restoration, laser therapy, liposuction, and vein treatments, remains robust. The American Society endorses this information for Dermatologic Surgery.

The United States is experiencing a thriving market for cosmetic procedures, with a significant growth potential. Presently, there are approximately 700 medical spas operating in the country, and only 206 of them are listed in the American Yellow Pages under the Standard Industrial Classification (SIC). However, this landscape is expected to change significantly, with an anticipated opening of around 10,000 new medical spas in the next seven to ten years. This growth is attributed to the surging consumer demand for cutting-edge beauty and wellness services.

The Global Medical Spa Market Soars from US$ 16.7 Billion in 2022 to a Projected US$ 70.3 Billion by 2032, Boasting an Impressive 15.6% CAGR Over the Decade. With consumers turning out to be all the more tech-savvy, the awareness regarding anti-aging solutions is on an exponential rise. Thus, growing demand for anti-aging skincare solutions stays the key driver for medical spa industry.

The skincare products are in great demand due to higher levels of pollution, adulteration in food products, use of biological substrates and hormones in dairy products, and exposure to the harmful chemicals. Medical spas help in addressing early aging, premature hair loss, obesity, skin problems, and emotional ordeals caused due to them.

At the same time, higher monetary stakes involved in spa equipment is expected to restrain the medical spa industry going forward. The American Med Spa Association’s Supplement to Modern Aesthetics states that price of laser hair removal in the US increased by more than 50% between 2011 and 2016 alone. The post-Covid era has resulted in an upsurge in these prices; specially to cover up the losses caused during lockdown.

Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Medical Spa Market’. It has its team of analysts and consultants to execute using bottom-up approach in its primary, secondary, and tertiary modes of research.

“With geriatric population on the rise, the global medical spa industry is slated to grow on an impertinent note going forward”, says an analyst from Future Market Insights.

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Key Takeaways from Medical Spa Market

Competitive Analysis

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What does the Report say?

Key Companies Covered:

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Key Segments Covered in Medical Spa Industry Survey:

Medical Spa Market by Service:

Medical Spa Industry by Region:

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