A new market research study, "Medical Spa - Global Market Trajectory & Analytics", revealed that by 2026 the global medical spa market will be valued at $25.9 billion, with a CAGR of 13.5%.
The report was published by market research company Global Industry Analysts (GIA). It includes perspectives on opportunities and challenges in a significantly transformed post-Covid-19 marketplace.
The report has the market segmented by service: facial treatment, body shaping & contouring, hair removal, scar revision, tattoo removal and other services.
The global market includes: United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia and the rest of Europe); Asia-Pacific (Australia; India; South Korea and the rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico and the rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates and the rest of Middle East) and Africa.
Facial treatments are projected to grow at a 12.9% CAGR to reach $13 billion by 2026. The body shaping and contouring segment is projected to grow at a 15.7% CAGR, and currently accounts for a 18.8% share of the global medical spa market.
The U.S. currently accounts for 37.72% of the global market. China, the world's second largest economy, is forecast to reach an estimated market size of $3.8 billion in the year 2026.