Mexico Medical Spa Market Size & Outlook, 2023-2030
Mexico medical spa market, 2018-2030 (US$M)
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Mexico medical spa market highlights
- The Mexico medical spa market generated a revenue of USD 176.6 million in 2023 and is expected to reach USD 483.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 15.5% 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 176.6 million |
| Market revenue in 2030 | USD 483.4 million |
| Growth rate | 15.5% (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, Mexico accounted for 0.9% 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 Latin America, Brazil medical spa market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 483.4 million by 2030.
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Medical Spa Market Scope
Medical Spa Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 54.08% in 2023. Horizon Databook has segmented the Mexico 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.
Medical tourism in Mexico for cosmetic treatments has gained immense popularity over the past years. People not only from North America but from across the globe travel to Mexico to avail high-quality cosmetic treatments.
One of the major factors contributing to market growth is the low cost of plastic surgery packages in Mexico, with quality of services being at par with the best medical centers of the U.S. Increasing number of professionals performing cosmetic procedures, high penetration of minimally invasive treatments, and low costs are some of the other factors expected to drive the market over the forecast period.
According to ISAPS, around 404,229 nonsurgical procedures were performed in Mexico in 2020. Facial treatments such as botulinum toxin, hyaluronic acid, hair removal, and nonsurgical fat reduction are some of the most commonly performed nonsurgical procedures in the country. These factors are expected to drive the market over the forecast period.
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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 Mexico medical spa market , including forecasts for subscribers. This country databook contains high-level insights into Mexico medical spa market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico medical spa market size, by service, 2018-2030 (US$M)
Mexico Medical Spa Market Outlook Share, 2023 & 2030 (US$M)
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