The aesthetic services market is witnessing significant growth due to the increasing demand for cosmetic medical services to enhance skin and appearance. These services are not only used for cosmetic purposes but also to treat various skin conditions such as burns, scars, discoloration, laxity, wrinkles, and more. As the popularity of aesthetic treatments rises among consumers seeking non-invasive solutions, the market experiences a surge in demand. With advancements in technology and growing awareness of aesthetic procedures, the Aesthetic Services Market is expected to witness continued growth in the coming years.
According to Data Bridge Market Research, the Global Aesthetic Services Market will exhibit a CAGR of around 11.15% for the forecast period of 2022-2029.
“Upsurge in the number of road accidents facilitate market growth”
The upsurge in the number of road accidents is driving the demand for aesthetic services in the healthcare sector. Road accidents often result in severe injuries, including burns, scars, and disfigurements, which can significantly impact an individual's physical appearance and self-esteem. As a result, there is an increasing need for aesthetic services such as reconstructive surgery, scar revision, and skin rejuvenation to help accident victims restore their appearance and improve their quality of life. The growing awareness of such services among accident survivors and healthcare professionals is fueling the demand for aesthetic procedures, contributing to the market's growth.
What restraints the growth of the global aesthetic services market?
“Lack of awareness about aesthetic services”
The lack of awareness about aesthetic services in underdeveloped economies acts as a significant restraint for market growth. In these regions, limited access to information and resources hinders the understanding of available cosmetic procedures and their benefits. Additionally, cultural beliefs and stigmas surrounding cosmetic treatments may further discourage people from seeking such services. The absence of proper education and awareness campaigns about aesthetic procedures in underdeveloped economies limits the market's potential for growth and adoption.
Segmentation: Global Aesthetic Services Market
The aesthetic services market is segmented on the basis of type, application, and end user.
- On the basis of type, the aesthetic services market is segmented into facial aesthetic services, skin lightening, body contouring devices, and aesthetic implantation.
- On the basis of application, the aesthetic services market has been segmented 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.
- On the basis of end user, the aesthetic services market is segmented into dermatology clinics, hospitals, spa chains, and dermatology centres.
Regional Insights: North America dominates the Global Aesthetic Services Market
North America's dominance in the aesthetic services market can be attributed to various factors. The region has a strong base of key players in the cosmetic industry, leading to increased research and development efforts, resulting in innovative and advanced aesthetic procedures. Additionally, the rising consumer awareness and interest in cosmetic treatments contribute to the market's growth.
Asia-Pacific region is expected to witness significant growth due to increased government expenditure on the healthcare sector and a growing geriatric population base. The region's rising cases of burn injuries also drive the demand for aesthetic services. Moreover, the increasing personal disposable income of individuals in Asia-Pacific fuels the adoption of cosmetic procedures, further propelling market growth.
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The Prominent Key Players Operating in the Global Aesthetic Services Market Include:
- Master-Aesthetic (Turkey)
- Rousso Facial Plastic Surgery (U.S.)
- The Ottawa Skin Clinic (Canada)
- VIVA Skin Clinics (U.K.)
- Mirror Mirror Beauty Boutique (U.S.)
- International Association of Better Business Bureaus, Inc. (U.S.)
- Saltz Plastic Surgery (U.S.)
- Mark L. Jewell, MD. (U.S.)
- NewImageMedicalSpas (U.S.)
- Human Med AG (Germany)
- Alcon Vision LLC (U.S.)
- Biosil Technologies, Inc. (U.S.)
- Cynosure, LLC (U.S.)
- Sanofi (France)
- Allergan (Ireland)
- Novartis AG (Switzerland)
- Amgen, Inc. (U.S.)
- GlaxoSmithKline plc. (U.K.)
- Merck & Co., Inc. (U.S.)
- Azul Cosmetic Surgery and Medical Spa (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global aesthetic services market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Aesthetic Services Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
