Global Aesthetic Services Market, By Type (Facial Aesthetic Services, Skin Lightening, Body Contouring Devices, Aesthetic Implantation), Application (Antiaging and Wrinkles, Facial and Skin Rejuvenation, Vascular Lesions, Body Shaping and Cellulite, Breast Enhancement, Sears, Pigment Lesions, Reconstructive, Tattoo Removal, Psoriasis, Vitiligo), End User (Dermatology Clinics, Hospitals, Spa Chains, Dermatology Centres), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Aesthetic Services Market
Data Bridge Market Research analyses that the aesthetic services market will exhibit a CAGR of around 11.15% for the forecast period of 2022-2029. Rising prevalence of skin diseases and disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced IT healthcare technologies, rising geriatric population base around the globe and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of aesthetic services market.
From the name itself, it is clear that aesthetic services are the cosmetic medical services that are used to improve the skin and appearance of an individual. Not just that, aesthetic services are used to treat many conditions such as skin burns, scars, skin discoloration, skin laxity, excess fat, wrinkles, moles and so on.
Upsurge in the number of road accidents is one of the major factors fostering the growth of the market. Rising number of applications from the emerging countries is another market growth determinant. Ever- rising technological advancement and innovation of new instruments, surging awareness about the benefits of minimally invasive surgical procedures, rising peer pressure, surging consciousness to look good physically and untapped potential of the emerging markets will further generate lucrative market growth opportunities.
However, lack of awareness in the underdeveloped economies will derail the market growth rate. Also, dearth of skilled medical professionals, high costs associated with the surgical procedure and dearth of a favourable reimbursement scenario in the developing and underdeveloped economies will further pose challenges for the market. Further, clinical risks and complications associated with the surgeries will also hamper the market growth rate.
This aesthetic services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on aesthetic services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aesthetic Services Market Scope and Market Size
The aesthetic services market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on type, the aesthetic services market is segmented into facial aesthetic services, skin lightening, body contouring devices and aesthetic implantation.
- Aesthetic services market has also been segmented based on the application into antiaging and wrinkles, facial and skin rejuvenation, vascular lesions, body shaping and cellulite, breast enhancement, sears, pigment lesions, reconstructive, tattoo removal and psoriasis and vitiligo.
- Based on end user, the aesthetic services market is segmented into dermatology clinics, hospitals, spa chains and dermatology centres.
Aesthetic Services Market Country Level Analysis
The aesthetic services market is analysed and market size insights and trends are provided by country, type, application and end user as referenced above.
The countries covered in the aesthetic services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the aesthetic services market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the increase in the expenditure for research and development proficiencies, presence of key players in the region and rising consumer knowledge and interest in cosmetic procedures. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the increasing government expenditure on healthcare sector, ever-rising geriatric population base, rising case of burn injuries and rising personal disposable income.
The country section of the aesthetic services market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The aesthetic services market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for aesthetic services market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the aesthetic services. The data is available for historic period 2010 to 2020.
Competitive Landscape and Aesthetic Services Market Share Analysis
The aesthetic services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aesthetic services market.
Some of the major players operating in the aesthetic services market report are Master-Aesthetic, Rousso Facial Plastic Surgery., The Ottawa Skin Clinic., VIVA Skin Clinics., Mirror Mirror Beauty Boutique., International Association of Better Business Bureaus, Inc., Saltz Plastic Surgery, Mark L. Jewell, MD., NewImageMedicalSpas., Human Med AG, Alcon Vision LLC, Biosil Technologies, Inc., Cynosure, LLC, Sanofi, Allergan, Novartis AG, Amgen, Inc., GlaxoSmithKline plc., Merck & Co., Inc. and Azul Cosmetic Surgery and Medical Spa among others.