Aesthetic services market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 25584.87 million by 2027 growing at a CAGR of 10.65% in the above-mentioned forecast period.
With the reliable Aesthetic Services market report, the chances of loss can be reduced to a large extent. Before launching a product, potential problems can be identified and accordingly the solutions can be determined where the market report comes into picture. The research carried out after the launch of a new product can help to find loopholes and devise plans to counter that loss and increase the profits. Aesthetic Services market research report needs to be adapted as they indicate research on a continual basis, which helps to keep up with the latest market trends and gain a competitive edge in the business market.
Some of the key players profiled in the study are The Dermal Clinic, The Face Aesthetic Clinic, Rousso Facial Plastic Surgery and Aesthetic Medical Spa, Ottawa Skin Clinic, Viva Skin Clinics, Mirror Mirror Beauty Boutique, Hospitality Skin Spa & Aesthetics, Spa Vitoria, Jewell Plastic Surgery Center, The Plastic Surgery Group, True Skin Care Center, Turn Back Time, Azul Cosmetic Surgery and Medical Spa, among others.
COVID-19 Impact on Aesthetic Procedures in Healthcare Industry
The COVID-19 pandemic has influenced numerous parts of life, not just in terms of fatality but also social distancing approaches and self-quarantine. Both these safety approaches have shown a change in a person’s interest in aesthetics in general. Other adverse impacts might be monetary (change in spending needs, loss of work or different types of revenue), health-related (center around different parts of health, dread of transmission in a medical office), or social (positive changes in close to home appearance, changes in relationship status, unfit to go on vacation). As the pandemic develops, these variables may contribute contrastingly over the long run, molding the bend of changing public interest in aesthetic procedures.
Numerous aesthetic procedures, including breast implantation, lipoplasty, and cosmetic dental procedures, are impacted negatively because of the Covid-19 crisis. The below figure shows the total number of top five cosmetic procedures performed in 2019.
Figure 1: Number of top five cosmetic procedures performed in 2019
Global Aesthetic Services Market Drivers:
The diversion of population towards minimally invasive and non-invasive procedures recognition of cosmetic among customers will help in driving the growth of the aesthetic services market.
Growing public awareness about cosmetic procedures, rising adoption among geriatric individuals, availability of technologically advanced and user-friendly products and increasing demand for aesthetic treatments among men will likely to accelerate the growth of the aesthetic services market in the forecast period of 2020-2027.
On the other hand, increasing availability and adoption of alternative beauty and cosmetic products are various opportunities that will lead to the growth of the aesthetic services market in the above mentioned forecast period.
Clinical risks and complications associated with medical aesthetic procedures will likely to hamper the growth of the aesthetic services market in the above mentioned forecast period.
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Healthcare Infrastructure growth Installed base and New Technology Penetration
Aesthetic services market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, 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 market. The data is available for historic period 2010 to 2018.
Market Segmentation: Global Aesthetic Services Market
The global aesthetic services market is segmented based on type into three notable segments; facial aesthetic services, skin tightening and body contouring devices, and aesthetic implantation. In 2018, the botox injection market is estimated to dominate market by procedure numbers with 34.3% shares and will collect around 25,431,094 aesthetic services by 2025, rising with the CAGR of 7.8%.
The global aesthetic services market is segmented based on application into six notable segments; anti-aging and wrinkles, facial & skin rejuvenation, vascular lesions, body shaping and cellulite, breast enhancement, sears, pigment lesions, reconstructive, tattoo removal and psoriasis and vitiligo.
The global aesthetic services market is segmented based on end-users into four notable segments; dermatology clinics, hospitals, SPA chains, and dermatology centres.
Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa.
Key Pointers Covered in the Global Aesthetic Services Market Industry Trends and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Healthcare Outcomes
- Market Cost of Care Analysis
- Market Regulatory Framework and Changes
- Market Prices and Reimbursement Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
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Market Range in the report
- The study provides an in-depth analysis of the global market and current & future trends to elucidate imminent investment pockets.
- To gain the insights of the CAGR values in the Market
- To assess the market shares for new entrants
- Strategic profiling of the key players and brands
- To describe the industry trends and developments
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