Korea Aesthetic Market is expected to grow with the CAGR of 16.4% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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Korea aesthetic market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in Korea aesthetic market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement into the market. This helped companies to maximize the sales with enhanced product portfolio.
Allergan is the dominating player in the market and the other players in the market are Candela Medical, Merz North America, Inc. (Merz Pharma), INMODE Group, Bausch Health Companies Inc., Galderma Laboratories, L.P., Cynosure Inc (Hologic Inc.), Bison Medical, BLUECORE COMPANY, HUGEL Inc, Hironic Co. Ltd, UNION MEDICAL, WEERO, AMIINC, DAEWOONG PHARMACEUTICAL CO. LTD, CLASSYS Inc., and Medytox, among others.
Allergan was founded in 2013 and is headquartered in Dublin, Ireland. The company mainly delivers life-enhancing innovations to aid people around the globe live a safe and healthy life. The company markets a product portfolio primarily focused on medical aesthetics, eye care, central nervous system and gastroenterology. The company business segment is U.S. Specialized Therapeutics, U.S. General Medicine, International. The market focus services lie under U.S Specialized Therapeutics. The company is engaged in continuous development of aesthetic services.
The company has wide presence across Asia-Pacific, Europe, North America, Middle East and Africa. The company has various subsidiaries like ZELTIQ Aesthetics (U.S.), Actavis Group ehf (Iceland), Tobira Therapeutics Inc (U.S.), Retrosense Therapeutics LLC (U.S.), Bonti Inc (U.S.) among others.
Cynosure Inc. (A Subsidiary of Hologic, Inc.)
Cynosure Inc. (A Subsidiary of Hologic, Inc.) was founded in 1991. The company headquartered is in Seoul, South Korea. The major focus of the company is to develop, manufacture a wide range of energy-based aesthetic products and systems for medical treatment. The company is engaged in providing products in categories such as body contouring, onychomycosis, skin and hair removal. The Skin and Hair Removal and Body Contouring is the market focused category.
The company has wide presence across North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. The company has initiated many strategic initiatives to expand its market.
DAEWOONG PHARMACEUTICAL CO. LTD.
DAEWOONG PHARMACEUTICAL CO. LTD. headquartered in Seoul, South Korea was founded in 2002. The major focus of the company is to create good drugs to protect the health of citizens and constructing a welfare nation through a healthy society to contribute to the development of company and to serve the society. The company has product categories such as Biologics, Chemicals, and CTD List. In which the market focused segment is Biologics. The company is engaged in continuous partnerships and product launches.
This will increase the revenue and global presence of the company.
The company has wide presence across Korea. The company also has various subsidiary companies such as DN Company Co. Ltd (South Korea), Liaoning Baifeng Industry Co, Ltd (South Korea) among others.
Korea Aesthetic Market – Industry Trends and Forecast to 2028