South Korea Medical Spa Market Size & Outlook, 2023-2030
South Korea medical spa market, 2018-2030 (US$M)
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South Korea medical spa market highlights
- The South Korea medical spa market generated a revenue of USD 168.0 million in 2023 and is expected to reach USD 531.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 17.9% 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 168.0 million |
| Market revenue in 2030 | USD 531.0 million |
| Growth rate | 17.9% (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 Korea 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 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 |
|---|
South Korea 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 54.46% in 2023. Horizon Databook has segmented the South Korea 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.
- South Korea Medical Spa Service Outlook (Revenue, USD Million, 2018-2030)
- Facial Treatments
- Body Shaping & Contouring
- Hair Removal
- Scar Revision
- Tattoo Removal
- Others
- South Korea Medical Spa Gender Outlook (Revenue, USD Million, 2018-2030)
- Female
- Male
- South Korea Medical Spa Age Group Outlook (Revenue, USD Million, 2018-2030)
- Adult
- Geriatric
- Adolescent
- South Korea Medical Spa Service Provider Outlook (Revenue, USD Million, 2018-2030)
- Single Ownership
- Free Standing
- Group Ownership
- Medical Practice Associated Spas
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Target buyers of South Korea 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 country-level data and insights on the South Korea medical spa market , including forecasts for subscribers. This country databook contains high-level insights into South Korea medical spa market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea medical spa market size, by service, 2018-2030 (US$M)
South Korea Medical Spa Market Outlook Share, 2023 & 2030 (US$M)
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