South Africa Medical Spa Market Size & Outlook, 2023-2030
South Africa medical spa market, 2018-2030 (US$M)
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South Africa medical spa market highlights
- The South Africa medical spa market generated a revenue of USD 96.2 million in 2023 and is expected to reach USD 218.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 12.4% 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 96.2 million |
| Market revenue in 2030 | USD 218.4 million |
| Growth rate | 12.4% (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, South Africa accounted for 0.5% 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 Middle East & Africa, South Africa medical spa market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 189.0 million by 2030.
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Medical Spa Market Scope
Medical Spa Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 53.12% in 2023. Horizon Databook has segmented the South Africa 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.
Hyaluronic acid dermal filler procedures for lip augmentation and wrinkle reduction are popular in South Africa. The 2016 ISAPS report revealed that hyaluronic acid injectable procedures have increased by 18% from 2015.
Medical spas also offer traditional spa treatments to complement these medical treatments. Spa treatments help aid recovery from medical treatments. This is anticipated to fuel market growth over the forecast period.
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Target buyers of South Africa 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa medical spa market , including forecasts for subscribers. This country databook contains high-level insights into South Africa medical spa market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa medical spa market size, by service, 2018-2030 (US$M)
South Africa Medical Spa Market Outlook Share, 2023 & 2030 (US$M)
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