Aesthetics Market Outlook
The aesthetics market should be touching around USD 12,175.1 Million by the appraisal period’s end. The worldwide market will be acquiring a decent CAGR of 10.08% in the conjectured timeline.
Manufacturers in the aesthetics market are constantly working on developing highly sophisticated devices that ensure efficient treatment. Emergence of technically advanced products, including non-invasive liposuction or body contouring devices that are based on the fat freezing technology could present lucrative opportunities in subsequent years.
Evolving consumer lifestyles combined with the intake of excess alcohol, reduction in exercise or physical activities, and too much smoking has raised the rate of chronic disorders such as obesity. On top of this, the heightened consciousness with regard to the body image, particularly among middle-aged and the elderly could also cement the aesthetics market position in the ensuing years.
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The fundamental parameters having a profound impact on the competition level among the contenders include the fast-paced adoption of innovative devices for better treatment and the surge in technical advancements. The renowned firms are adopting mergers & acquisitions as their primary strategy to foster their share in the worldwide aesthetics market. To illustrate, in December 2021, Allergen Aesthetics acquired Soliton, Inc, a medical technology firm. The acquisition is expected to bolster Allergen’s portfolio of various non-invasive body contouring treatments.
Aesthetics Market Segmentation
Some of the major procedures studied in the report are nonsurgical aesthetic procedures along with surgical aesthetic procedures. Rising inclination towards non-invasive aesthetic procedures could benefit the nonsurgical aesthetic procedure category in the future. Non-surgical procedures enjoy a massive demand thanks to the series of advantages, including zero scar, lesser treatment costs, lower downtime, no need for hospitalization, and reduced risks.
The end users of aesthetics are salons & spas, hospitals & clinics as well as dermatology clinics & cosmetic centers. Salons & spas could maintain the fastest pace in the following years, on account of the surging number of well-equipped medical spas across the globe coupled with the heightened use of technologically creative equipment.
Aesthetics Market Regional Insight
The American aesthetics market, split into Latin America and North America, emerges as the global leader. The aesthetics market in the region could expect a solid run throughout the assessment period, given the healthy growth of the healthcare industry combined with a highly sophisticated medical infrastructure. A huge number of advanced medical facilities, and the soaring cases of various skin disorders, majorly in Mexico and the US should warrant considerable business expansion in the near future.
Europe stands at the second spot in the aesthetics industry, dissected into Western Europe as well as Eastern Europe. The aesthetics market size in Western Europe is burgeoning at an impressive pace, thanks to the contribution from well-developed economies including France, Germany, Spain, Italy, and the UK; all of which have well-defined, modern medical infrastructures.
Asia Pacific, with Japan, Australia, India, China, and South Korea in the lead, will develop at the fastest rate in the next several years. The mounting number of well-trained and skilled cosmetic surgeons, and the extensive use of creative, lower-priced techniques should augment the aesthetics market growth rate over the analysis period. China, as well as India, has a massive population base, with majority of it falling between the age of 35 and 65 years. This demography is progressively opting for treatments for fat reduction, wrinkles, fine lines and more. This could mean significant gains for the APAC industry in the next couple of years.
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Aesthetics Market Top Firms
ZO Skin Health Inc., Medik8, Clarins, Neostrata, Skin Medica, Obagi Medical, Alumier MD, Swisscode, Dermalogica, PCA Skin, Clinique, Elemis Ltd, Endocare, IS Clinical, Lancome, Biore, La Roche-Posay, Teoxane, SkinCeuticals, Kiehl’s, have been highlighted in the research study as the important aesthetics technology and products manufacturers in the aesthetics market.
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