Market Research Future published a research report on Asia Pacific Aesthetics Market. By Major Industry Trends, Business Analysis, Major Segments and Sub segments. Rising demands for aesthetic procedure and increasing expenditures on cosmetics boosts the Asia Pacific aesthetics market growth during the forecast period of 2018 to 2023.
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Asia Pacific Aesthetics Market – Highlight
Aesthetics is a branch of philosophy concerned with the valuation of craftsmanship, beauty, excellence, and good taste. Medical aesthetics carry this philosophy to improve the cosmetic appearance of an individual. Various aesthetic techniques are available in the market, which are effectively utilized for liposuction, hair removal, acne treatment, and others. Growing expenditure on cosmetic surgeries is the major driver for market growth. According to the International Trade Administration in 2015, the per capita cosmetic expenditure was about USD 174 in Japan. Moreover, it was estimated that the Asian countries are receiving huge exports from the U.S for the same reason. Additionally, factors such as increasing prevalence of skin diseases like acne and actinic keratosis and high demand for aesthetics procedures like liposuction, hair transplantation in the the growing obese and geriatric population boosts the market growth. According to a study published in the Anais Brasileiros De Dermatologia journal in 2014, countries such as China and Belgium have a higher prevalence for acne, and the disease is estimated to affect approximately 90% of the adolescent population within the region. Moreover, in 2016, according to the International Society of Aesthetic Plastic Surgery, an estimated 18,447 liposuction procedures were performed in the Chinese Taipei, accounting for 1.3% of the total surgical liposuction procedures across the globe. It was estimated that India stood third in liposuction procedures, representing 5.0% of the total liposuction procedures performed in the world. However, high procedural cost followed by need of physician training is estimated to restrain the market growth during the forecast period. The average estimated cost of laser slimming treatment in Japan is estimated to be from USD 2520 to USD 3025. Moreover, in 2016 Cutera, stated that its products like the excel V should be operated only by qualified practitioners, who have received appropriate training and also have thoroughly reviewed the procedures operations.
Asia Pacific Aesthetics Market Is Estimated To Grow At An Approximate CAGR Of 11.50% From 2017 To 2023.
Asia Pacific Aesthetics Market – Top Vendors
- Alma Lasers
- Syneron Medical
- And more.
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Aesthetics Market – Segmentation:
The Asia Pacific aesthetics market is segmented on the basis of procedures, products, application, and end-user.
On the basis of the procedures, the market is categorized into surgical aesthetic procedures and nonsurgical aesthetic procedures. The surgical aesthetic procedures segment is sub-segmented into liposuction, breast augmentation, tummy tuck, eyelid surgery, breast lift, dermabrasion, and others. The nonsurgical aesthetic procedures segment is sub-segmented into botulinum toxin, hyaluronic acid, hair removal, photorejuvenation (IPL), chemical peel, microdermabrasion, and others.
On the basis of the product, the market is segmented into laser and energy based devices, skin tightening and body contouring devices, aesthetic implants, and others. The segment for skin tightening and body contouring devices is sub-segmented into liposuction devices, cellulite reduction devices, cryolipolysis technology, anti-aging device, and others. The aesthetic implants segment is sub-segmented dental implants, breast implants, buttock augmentation, transdermal implants, and others. On the basis of the application, facial & body contouring, facial & skin rejuvenation, breast enhancement, scar treatment, reconstructive surgery, tattoo removal, vaginal rejuvenation, and others. On the basis of the end-user, the market is segmented into hospitals & clinics, dermatology clinics, cosmetic centers, and others.
Regional Analysis of Asia Pacific Aesthetics Market:
On the regional basis, Asia Pacific aesthetics market is segmented into China, India, Japan, Australia, and Rest of Asia Pacific.
Japan holds a major share of the Asia Pacific aesthetics market and is followed by India. This is due to the rising expenditure on the cosmetic and high per capita income. In India, the market growth is facilitated by a huge patient population, increasing demand for the better quality products, and rapidly changing the economy. China stands third in the Asia Pacific aesthetic market. This can be attributed due to the increasing patient population and rising acceptance of aesthetic procedures. Australia holds the least share of the market owing to the high cost for aesthetic procedures followed by lack of skilled physicians.
Major TOC of Asia Pacific Aesthetics Market Research Report – Forecast to 2023
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Impact Analysis
6 Asia Pacific Aesthetics Market, By Procedure
7 Asia Pacific Aesthetics Market, By Product
8 Asia Pacific Aesthetics Market, By Application
9 Asia Pacific Aesthetics Market, By End User
10 Asia Pacific Aesthetics Market, By Country/Region
11 Competitive Landscape
12 Company Profiles
Top Questions Answered In Asia Pacific Aesthetics Market Report:
What will the market size and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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