Aesthetics Market Overview
The aesthetics market share is projected to reach approximately USD 365 Billion by 2032, at a CAGR of 13.3% from 2022 to 2032. As per analysts, the global market is anticipated to witness growth owing to the factors such as non-invasive and minimally invasive aesthetic procedures as well as the demand for non-invasive and minimally invasive aesthetic procedures. However, the aesthetics market will face challenges and restraints due to risks associated with aesthetic procedures and the growing demand for advanced devices during the forecast period.
Emergence of technically innovative devices in the market is set to play a key role in determining the growth potential during forecast years. Analysts have also studied the aesthetics market to understand potential threats and challenges the market companies could face. Although the aesthetics market is poised to grow at a fast pace across procedure and end-user segments, factors such as concerns regarding potential side-effects could slow down the aesthetics market's growth worldwide.
Regional Overview
Risk and complications associated with procedures may hinder the aesthetics market insights. The market research report suggests that companies in the market could be supported by simultaneous decline in the preference for conventional surgical procedures as well as minimally invasive alternatives offering several benefits during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global aesthetics market research report reveals that APAC, North America, and Europe regional aesthetics markets will dominate the global market for aesthetics during the forecast period 2019 to 2025. As per market analysts, the market is set to witness tremendous growth across surgical aesthetic procedures and hospitals & clinics segments in North America which covers markets across the United States, Canada, Mexico, and several other regional markets. Companies active in the market are also analysed and studied in the market research report.
The aesthetics industry for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The aesthetics industry is also spread across the rest of the world. The aesthetics market report covers all such regions including the Middle East, Africa, Brazil, and others.
Industry News
Allergan Aesthetics, a subsidiary of AbbVie, has announced the signing of a warrant agreement with Cypris Medical, a privately owned medical technology corporation headquartered in Chicago. Allergan Aesthetics will have the option to purchase Cypris Medical, including the company's Xact product, after the conclusion of a clinical trial set to begin in 2021. The proposed clinical trial would assess Xact's safety and efficacy in the treatment of midface descent and neck lifts. Xact, which replaces the scalpel, is intended to raise and suture the superficial muscular aponeurotic system (SMAS), the same tissue that is primed during a facelift.
Market Segmentation
The market has been segmented into procedure and end-user. Based on the segment, which is procedure, the market is categorized based on surgical aesthetic procedures and non-surgical aesthetic procedures.
The global market for aesthetics is further segmented based on end-user into dermatology clinics & cosmetic centres, hospitals & clinics, and salons & spas.
The global aesthetics industry research report covers all the aspects of the market based on the segmental analysis of these procedure and end-user segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The procedure and end-user segments along with their sub-segments have been analysed and companies functioning in the market across these segments are profiled and analysed based on input and feedback from aesthetics market-based decision makers as well as primary and secondary sources. The market research report presents analysis-based information for companies functioning in the market.
Competitive Landscape
Aesthetics have seen increased demand over the years, due to developing countries to provide attractive opportunities and rapidly developing economies. Companies functioning in the global aesthetics industry are also being challenged due to social stigma in some countries and religious concerns that paint aesthetic procedures in a bad light. Mergers and acquisitions by aesthetics industry companies are anticipated to help the market during the forecast period 2019 to 2025. As the aesthetics market outlook is set to register a high CAGR of 10.08% and is also anticipated to reach a US$12,175.1 million by 2025, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2025. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2019 to 2025.
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