Australia Medical Spa Market Size & Outlook, 2023-2030
Australia medical spa market, 2018-2030 (US$M)
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Australia medical spa market highlights
- The Australia medical spa market generated a revenue of USD 712.6 million in 2023 and is expected to reach USD 2,078.1 million by 2030.
- The Australia 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.
Medical spa market data book summary
| Market revenue in 2023 | USD 712.6 million |
| Market revenue in 2030 | USD 2,078.1 million |
| Growth rate | 16.5% (CAGR from 2023 to 2030) |
| Largest segment | Facial treatments |
| Fastest growing segment | Body Shaping & Contouring |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 3.8% of the global medical spa market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan medical spa market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 531.0 million by 2030.
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Medical Spa Market Scope
Medical Spa Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 53.09% in 2023. Horizon Databook has segmented the Australia 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.
Availability of various spa facilities, increasing awareness among customers, and rising adoption of noninvasive aesthetic procedures in a stress-free environment are some of the major factors propelling market growth. In 2018, according to ISAPS, Australians are spending the highest amount of money on anti-wrinkle injections, supported closely by dermal fillers.
Over USD 350 million worth of wrinkle reduction treatments with botulinum toxin are availed yearly, as per Australian College of Cosmetic Surgery. The top 5 cosmetic procedures are fillers, anti-wrinkle injections, IPL & laser, breast reduction & augmentation, and liposuction.
These costs include surgeon’s fee, anesthesiologist’s fee, recovery time, and follow-up appointments. A single session of anti-wrinkle injections can cost up to USD 300. Abdominoplasty is often used to remove excess fat or sagging skin and can cost between USD 6,000 and USD 8,000.
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Our clientele includes a mix of medical spa market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia medical spa market , including forecasts for subscribers. This country databook contains high-level insights into Australia medical spa market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia medical spa market size, by service, 2018-2030 (US$M)
Australia Medical Spa Market Outlook Share, 2023 & 2030 (US$M)
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