The Asia-Pacific Aesthetic Services Market is experiencing robust growth, driven by rising beauty consciousness and increasing disposable incomes. Aesthetic clinics and skin care centers are witnessing high demand for non-invasive treatments and cosmetic procedures. Technological advancements have led to safer and more effective procedures, enhancing patient satisfaction. The region's diverse population and evolving beauty standards have fueled the demand for a wide range of aesthetic services. With the growing acceptance of aesthetic treatments, the market's positive trajectory is expected to continue, offering promising opportunities for industry players.
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Data Bridge Market Research analyses that the Asia-Pacific aesthetic services market is expected to grow to USD 3.51 billion by 2029, from USD 1.56 billion in 2021 with a CAGR of around 10.65% during the forecast period from 2022 to 2029. As beauty consciousness rises in the Asia-Pacific region, there is a strong desire for youthful appearances, driving a significant increase in demand for aesthetic services. Individuals seek treatments to enhance their looks and maintain a more youthful and vibrant appearance.
Key Findings of the Study
Growing disposable incomes are expected to drive the market's growth rate
The growing middle-class population in the Asia-Pacific region is experiencing an increase in disposable incomes, allowing more individuals to afford aesthetic treatments and procedures. With greater financial capacity, people can invest in enhancing their appearances and seeking cosmetic enhancements. This trend has opened up new opportunities for the aesthetic services market, as more individuals can now access and afford various non-invasive and minimally invasive procedures, contributing to the market's significant growth in the region.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
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Market Players Covered
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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.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The Asia-Pacific 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 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 market is segmented into dermatology clinics, hospitals, spa chains, and dermatology centres.
Major Players
Data Bridge Market Research recognizes the following companies as the major Asia-Pacific aesthetic services market players in Asia-Pacific aesthetic services market are 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.)
Market Developments
- In 2022, Allergan (a subsidiary of AbbVie Inc.) announced the FDA approval of JUVÉDERM VOLBELLA XC to improve infraorbital hollows in adults above 21.
- In 2022, Mentor Worldwide LLC (a subsidiary of the Johnson & Johnson Medical Devices Companies) announced that the FDA had approved the MENTOR MemoryGel BOOST breast implant for breast augmentation and breast reconstruction.
- In 2022, Allergan Healthcare India Private Limited launched Juvéderm VOLUX, a combination of Hyaluronic acid 25 mg + Lidocaine hydrochloride 3 mg, under its Business Unit of Allergan Aesthetics in India.
- In 2022, CurrentBody, Australia, launched Lip Perfector to rejuvenate the lips and surrounding areas.
- In 2020, Allergan Aesthetics, part of AbbVie and Skinbetter Science, announced the launch of a new educational partnership DREAM: Driving Racial Equity in Aesthetic Medicine initiative.
- In 2020, Galderma announced a significant investment in its aesthetic portfolio including expansion of U.S. salesforce and digital advancements in ASPIRE Galderma Rewards.
Regional Analysis
Geographically, the countries covered in the Asia-Pacific aesthetic services market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
As per Data Bridge Market Research analysis:
China is expected to dominate the region in the Asia-Pacific aesthetic services market during the forecast period 2022-2029
China is projected to dominate the aesthetic services market due to two key factors. There is a significant rise in awareness about aesthetics among the Chinese population, leading to a growing demand for aesthetic treatments and procedures. Additionally, China's appeal as a popular destination for medical tourism attracts international patients seeking cost-effective and high-quality aesthetic services, contributing to the country's majority share in the market.
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