Asia Pacific Medical Spa Market Size & Outlook, 2023-2030
Asia Pacific medical spa market, 2018-2030 (US$M)
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Asia Pacific medical spa market highlights
- The Asia Pacific medical spa market generated a revenue of USD 4,668.7 million in 2023.
- The market is expected to grow at a CAGR of 16.5% from 2024 to 2030.
- In terms of segment, facial treatments was the largest revenue generating service in 2023.
- Body Shaping & Contouring is the most lucrative service segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4,668.7 million |
| Market revenue in 2030 | USD 13,580.7 million |
| Growth rate | 16.5% (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 |
| Key market players worldwide | Eli Lilly and Co, ADF Group Inc Shs Subord.Voting, Mandarin Oriental International Ltd, Chic La Vie, Clinique La Prairie, Lanserhof, Orchard Wellness, Angel Longevity Medical Center, Allure MedSpa, Longevity Wellness Worldwide, Serenity MedSpa, Spa & Hôtel le Finlandais, Park Hotel Group, SHA Wellness Clinic, Aesthetic Business Transformations, Gentle Touch MediSpa & Wellness, MedSpa.com, Chiva-Som International Health Resorts |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 25.1% of the global medical spa market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,580.7 million by 2030.
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Medical Spa Market Scope
Medical Spa Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 54.06% in 2023. Horizon Databook has segmented the Asia Pacific 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 overall market in Asia Pacific is majorly driven by Japan and India. Japan dominated the medical spa market in terms of revenue share. This can be attributed to high awareness about antiaging treatments, easy availability of high-quality services, and increasing prevalence of minimally invasive cosmetic treatments.
Furthermore, the demand for medical spa in countries such as China and India is expected to be driven by large client pool and rising interest in aesthetic treatments. These treatments are being performed in beauty clinics and spas, mainly in urban areas in both countries.
Emerging wellness or medical tourism, presence of various large & small players, and increasing presence of global players are among factors anticipated to promote growth of medical spa market in Asia Pacific region.
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Our clientele includes a mix of medical spa market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific medical spa market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific medical spa market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific medical spa market size, by country, 2018-2030 (US$M)
Asia Pacific Medical Spa Market Outlook Share, 2023 & 2030 (US$M)
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