Recent technological advancements in the healthcare sector have led to the introduction of various techniques and procedures that can be utilized for improving the physical appearance with the help of trained specialists. Availability of safe techniques is inclining the adult population towards undergoing aesthetic procedures. Market Research Future (MRFR) has published a detailed report stating the Asia Pacific aesthetics market is marked to expand remarkably at a CAGR of 11.50% during the forecast period of 2017-2023.
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Market Drivers and Restraints:
High prevalence of skin diseases caused as a result of growing water and air pollution and increasing popularity of cosmetic surgeries are majorly propelling the expansion of the Asia Pacific aesthetics market. Increasing availability of safe techniques to carry out various procedures such as eyelid surgery, liposuction, breast augmentation, dermabrasion and others and rise in popularity of cosmetic surgeries among the population of emerging economies are also resulting in significant growth of the Asia Pacific aesthetics market. However, complexities related to the procedures and concerns regarding the side effects of various cosmetic surgeries are likely to hamper the growth of the Asia Pacific aesthetics market during the forecast period.
Key Players:
The key players profiled by MRFR that are operating in the Asia Pacific aesthetics market are:
- Cutera (the U.S.)
- Alma Lasers (Israel)
- ALLERGAN (Ireland)
- Lumenis (Israel)
- Syneron Medical Ltd. (the U.S.)
- PhotoMedex Inc. (the U.S.)
- Cynosure
- Solta Medical and more
And others. Launch of new techniques and advanced products in the Asia Pacific aesthetics market are aiding the players to sustain highly competitive environment of the aesthetics market and expand their businesses in the emerging economies of the Asia Pacific region.
Segmentation:
The Asia Pacific aesthetics market has been segmented on the basis of procedures, products, application, and end-user. Based on procedures, the aesthetics market has been segmented into surgical aesthetic procedures and nonsurgical aesthetic procedures. The surgical aesthetic procedures segment has been sub-segmented into liposuction, tummy tuck, breast augmentation, breast lift, eyelid surgery, dermabrasion, and others. The nonsurgical aesthetic procedures segment has been sub-segmented into botulinum toxin, hair removal, hyaluronic acid, photorejuvenation (IPL), chemical peel, microdermabrasion, and others.
Based on product, the aesthetics market has been segmented into skin tightening and body contouring devices, aesthetic implants, laser and energy-based devices, and others. The skin tightening and body contouring devices product segment has been sub-segmented into liposuction devices, cryolipolysis technology, cellulite reduction devices, anti-aging device, and others. The aesthetic implants segment has been sub-segmented into dental implants, breast implants, buttock augmentation, transdermal implants, and others.
Based on application, the Aesthetics Market has been segmented into facial & body contouring, facial & skin rejuvenation, scar treatment, breast enhancement, reconstructive surgery, tattoo removal, vaginal rejuvenation, and others. Based on end-user, the aesthetics market has been segmented into hospitals & clinics, dermatology clinics, cosmetic centers, and others.
Regional Analysis:
Geographically, the Asia Pacific Aesthetic Market has been segmented into China, India, Japan, Australia and the rest of Asia Pacific. Among these, Japan commands the major share in the Asia Pacific aesthetics market owing to the rapid technological advancement in the healthcare sector and rise in popularity of cosmetic surgeries in this country. Changing economic conditions, increasing disposable income and rise in demand for high-quality products to be used during cosmetic surgery are propelling the growth of the aesthetics market in India. Increasing patient population and increasing acceptance of aesthetics are fueling the expansion of the aesthetics market in China. High cost of aesthetic procedures is restraining the growth of the aesthetics market in Australia.
Industry News:
In September 2019, Huons, a subsidiary of Huons Global, has signed a contract with a Chinese firm, Imeik Technology Development, for exporting the company’s botulinum toxin (BTX) product, Hutox.
In June 2018, a global event’s organizer, Comexposium, has acquired International Master Course on Aging Science (IMCAS) events which are headquartered in Paris with an additional office in Hong Kong.
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