Global Medical Spa Market Size & Outlook, 2023-2030
Global medical spa market, 2018-2030 (US$M)
Related Markets
Global medical spa market highlights
- The global medical spa market generated a revenue of USD 18,597.7 million in 2023 and is expected to reach USD 49,387.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 15% by 2030.
- In terms of segment, facial treatments accounted for a revenue of USD 10,056.4 million in 2023.
- Body Shaping & Contouring is the most lucrative service segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 18,597.7 million |
| Market revenue in 2030 | USD 49,387.5 million |
| Growth rate | 15% (CAGR from 2023 to 2030) |
| Largest segment | Facial treatments |
| Fastest growing segment | Body Shaping & Contouring |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Facial Treatments, Body Shaping & Contouring, Hair Removal, Scar Revision, Tattoo Removal |
Other key industry trends
- In terms of revenue, the North America accounted for 41.1% of the global medical spa market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 40.0 million by 2030.
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Medical Spa Market Scope
Medical Spa Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global medical spa market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical spa market will help companies and investors design strategic landscapes.
Facial treatments was the largest segment with a revenue share of 54.07% in 2023. Horizon Databook has segmented the Global medical spa market based on facial treatments, body shaping & contouring, hair removal, scar revision, tattoo removal covering the revenue growth of each sub-segment from 2018 to 2030.
The medical spa market has been shaped by constantly changing customer demands. With most customers in this market have become social media savvy, awareness about anti-aging solutions has been rising. Hence, providing innovative and effective products services have become imperative for market players.
Technological developments in the beauty industry have increased the number of esthetic enhancement procedures and services. In addition, entry of various Asian market players in the anti aging domain and adoption of preventive Botox procedures by millennials in the recent years have proved to be a driving factor for market growth.
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Target buyers of Global medical spa market databook
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Our clientele includes a mix of medical spa market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global medical spa market , including forecasts for subscribers. This global databook contains high-level insights into Global medical spa market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global medical spa market size, by regions, 2018-2030 (US$M)
Top 10 countries: Medical spa market size, 2023 (US$M)
Global medical spa market share, by service, 2023 & 2030 (%, US$M)
Medical spa market: Opportunity assessment by country
Global medical spa market, by region, 2023 (US$M)
| Service | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 5,175.1 | 5,817.8 | 5,354.6 | 6,036.5 | 6,782.3 | 7,639.5 | 8,626.9 | 9,767.5 | 11,088.3 | 12,621.8 | 14,407.1 | 16,487.6 | 18,918.7 | 13.8% |
| Europe | 3,257.7 | 3,709.0 | 3,457.5 | 3,948.0 | 4,493.4 | 5,127.4 | 5,866.3 | 6,729.8 | 7,741.5 | 8,930.3 | 10,331.0 | 11,983.5 | 13,938.6 | 15.4% |
| Asia Pacific | 2,811.7 | 3,236.9 | 3,050.4 | 3,520.7 | 4,049.4 | 4,668.7 | 5,396.1 | 6,252.4 | 7,263.4 | 8,460.1 | 9,880.5 | 11,568.8 | 13,580.7 | 16.5% |
| Latin America | 491.9 | 558.6 | 519.4 | 591.5 | 671.5 | 764.3 | 872.2 | 998.1 | 1,145.2 | 1,317.8 | 1,520.7 | 1,759.5 | 2,041.5 | 15.1% |
| MEA | 282.8 | 315.1 | 287.3 | 320.7 | 356.8 | 397.7 | 444.4 | 497.7 | 558.7 | 628.7 | 709.1 | 801.5 | 908.0 | 12.5% |
| Overall | 12,019.2 | 13,637.4 | 12,669.1 | 14,417.4 | 16,353.4 | 18,597.7 | 21,206.0 | 24,245.5 | 27,797.1 | 31,958.6 | 36,848.3 | 42,600.9 | 49,387.5 | 15.0% |
Related regional statistics
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