Aesthetics Market Synopsis
According to Market Research Future (MRFR), the global aesthetics market is projected to record a CAGR of 10.8%, while amassing a substantial market value of USD 12,175.1 million by 2025.
Aesthetic procedure is the medical process used to enhance physical appearance by applying minimal invasive cosmetic procedures, which is estimated to be a crucial factor propelling its demand among the consumers. With a desire to enhance physical appearance, aesthetic surgeries such as hair transplantation, tummy tuck, and others are gaining momentum among the youth and geriatric population. Further, attractive physical appearance is anticipated to provide improved self-esteem and a better personality, which are likely to stimulate the market in the forthcoming period. In addition, the relentless technical developments in the aesthetic procedures aimed at providing better and quicker results are predicted to underpin the market expansion.
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On the contrary, high treatment costs and lack of reimbursements are likely to impede the market growth. However, the increasing disposable income and aforementioned causes are estimated to counter hampering factors.
Aesthetics Market Segmentation
The segment analysis of the global aesthetics market is done by end-user and procedure.
The end-user based segments of the global aesthetics market are dermatology clinics & cosmetic centers, hospitals & clinics, and salons & spas.
The procedure-based segments of the global aesthetics market are surgical aesthetic procedures and nonsurgical aesthetic procedures.
Aesthetics Market Regional Analysis
Based on geography, the global aesthetics market is segmented into the Americas, Asia-Pacific, Europe, and the Middle East & Africa.
As per the analysis, the Americas is estimated to procure the largest market share of the global aesthetics market. The Americas is likely to dominate owing to the increasing demand for beauty treatments. Further, presence of developed economies is projected to allow individuals to avail the expensive beauty treatments and thereby developing the regional market significantly. In addition, the presence of an advanced healthcare system is predicted to augment the market during the forecast period.
Europe is estimated to acquire second position during the review period. As per the forecast, the growing geriatric population in the region is projected to be one of the most significant factors leading to the market growth. Further, high expenditure on healthcare is anticipated to play a vital role in expanding the regional market.
The APAC region is projected to acquire the third position. However, APAC is likely to be the fastest-growing region. Increasing disposable incomes and presence of various opportunities in emerging economies are predicted to be some of the most crucial factors underpinning the regional market. Further, the growing demand for aesthetic surgeries is anticipated to propel the market growth during the review period. In addition, the increased exposure to social media, which has increased the fashion-enthusiast crowd, and rapid urbanization are estimated to enhance the demand for aesthetics surgeries in the region.
The MEA region is estimated to acquire the least market share during the forecast period owing to the presence of lesser exposure to technology and a feeble healthcare sector. However, there are various untapped opportunities in the region, which is predicted to grow the market significantly in the coming period. The participation of Middle East countries such as Saudi Arabia, Kuwait, and others are forecasted to make a vital contribution in strengthening the regional market.
Aesthetics Market Key Players
The renowned players of the global aesthetics market are ZO Skin Health, Inc., Obagi Medical, SkinCeuticals, Dermalogica, Neostrata, Teoxane, Kiehl’s, Clarins, Clinique, La Roche-Posay, Lancome, Skin Medica, Alumier MD, Biore, Medik8, Elemis Ltd, IS Clinical, PCA Skin, Swisscode, and Endocare.
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