Market Overview:
By 2027, the Aesthetics Market is expected to reach USD 12,175.1 Million at a 10.08 percent CAGR. The worldwide aesthetics industry is being pushed by increased demand for hair transplantation and liposuction operations, as well as an aging and obese population. The COVID-19 epidemic has had a negative influence on the cosmetics industry. Following the epidemic, the luxury and cosmetics sector has faced supply and manufacturing chain issues, including delayed product delivery to consumers and an unequal demand and supply ratio. SARS-CoV-2 infections are increasing globally, and the lockdown has reduced demand for non-essential items and services, slowing market growth.
Recently, there has been a noticeable increase in the demand for noninvasive and minimally invasive cosmetic operations, as well as a decrease in the choice of traditional surgical procedures. Minimally invasive methods provide a variety of advantages, including less discomfort, less scarring, and faster recovery, as well as being less expensive than standard procedures. The emergence of technically novel technologies, such as a non-invasive body contouring system that employs controlled cooling technology, may open up new growth opportunities in the future years. Other growth drivers include an increase in the number of experienced surgeons doing non-invasive cosmetic operations, as well as a decreased complication rate.
Market Segmentation:
By demand: The report's principal treatments include nonsurgical aesthetic procedures and surgical aesthetic operations. The expansion of the non-invasive medical aesthetics business has increased the demand for non-surgical cosmetic operations. Non-surgical therapies are often favored because they provide several advantages over surgical procedures, such as no scarring, less downtime, decreased complication risks, no need for hospitalization, and cheaper treatment costs.
By end-user: Depending on the end-user, the aesthetics marketing caters to hospitals & clinics, salons & spas, and dermatology clinics & cosmetic centers. Given the increasing number of medical spas globally and the availability of technologically sophisticated equipment gadgets, competent experts, and educated personnel that executes efficient cosmetic operations, the salons & spas market is expected to develop at the quickest rate in the next years.
Regional Classification:
The Americas are predicted to take the lead in the worldwide market, with North America emerging as the largest market in America. The Mexico aesthetic devices market has been functioning well in the area, owing to improved healthcare infrastructure, increased interest in cosmetic operations, an increasing incidence of skin problems, and an increasing number of professional board-certified cosmetic surgeons. Argentina's aesthetic devices industry has grown rapidly throughout South America, owing to a growing number of trained cosmetic surgeons and a growing desire in preserving one's physical beauty, particularly among women. Increasing demand for invasive operations to cure a wide range of medical and cosmetic defects, raising awareness, and rising disposable income are important tailwinds propelling the global aesthetics industry forward.
Industry News:
ZO Skin Health Inc.Teoxane, Clinique IS Clinical Medik8, Biore, Elemis Ltd, Dermalogica PCA Skin, Endocare, Alumier MD, Neostrata, Skin Medica, Swiss code, Kiehl's, SkinCeuticals, Lancome, and Clarins, La Roche-Posay, Obagi Medical, are among the key companies included in this market.
List of Key Companies Covered in this Report:
ZO Skin Health Inc.
Alumier MD
Neostrata
Teoxane
Clinique IS Clinical
La Roche-Posay
Obagi Medical
Medik8
Biore
Elemis Ltd
Dermalogica
Swisscode
PCA Skin
Endocare
Skin Medica
Kiehl’s
SkinCeuticals
Lancome and Clarins
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