Australia Medical Spa Market Size & Outlook, 2023-2030
The medical spa market in Australia is expected to reach a projected revenue of US$ 2,078.1 million by 2030. A compound annual growth rate of 16.5% is expected of Australia medical spa market from 2024 to 2030.
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.
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.
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 Outlook 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.
Australia Medical Spa Market Service Outlook (Revenue, USD Million , 2018-2030)
Facial Treatments
Body Shaping & Contouring
Hair Removal
Scar Revision
Tattoo Removal
Others
Australia Medical Spa Market Gender Outlook (Revenue, USD Million , 2018-2030)
Female
Male
Australia Medical Spa Market Age Group Outlook (Revenue, USD Million , 2018-2030)
Adult
Geriatric
Adolescent
Australia Medical Spa Market Service Provider Outlook (Revenue, USD Million , 2018-2030)
Single Ownership
Free Standing
Group Ownership
Medical Practice Associated Spas
Reasons to subscribe to Medical Spa Market Outlook databook
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Medical Spa Market Outlook databook
Our clientele includes a mix of Medical Spa Market Outlook companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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 Australia Medical Spa Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Australia Medical Spa Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.