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Aesthetic Services - Global Market Trajectory & Analytics

  • ID: 5141610
  • Report
  • February 2022
  • Region: Global
  • 429 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Allergan plc
  • Cynosure Inc.
  • DC Derm Docs
  • GC Aesthetics
  • Human Med AG
  • Lumentis Ltd.

Global Aesthetic Services Market to Reach $23.3 Billion by 2026


Aesthetic services refer to practices which focus on improving the appearance of individuals through cosmetic treatments. These services include the treatment of scars, skin pigmentation correction, wrinkles, acne, moles, excessive fat, unwanted hair, psoriasis, eczema and skin discoloration among others. The growing desire of people to retain youthful appearance constitutes a major demand driver for a wide range of aesthetic services. Growing wealth of citizens and rising pressure to maintain physical appearance in a social media dominated world are prompting individuals to opt for various surgical and non-surgical aesthetic treatment services. Aesthetic services are increasingly finding appeal and usage across a vast number of areas such as skin pigmentation correction, scar treatment, acne treatment, psoriasis treatment, and eczema treatment. The rise in aging population has significantly increased the demand for anti-aging services. The growing acceptance of cosmetic procedures in many cultures as an enhancement or extension of makeup has normalized its use for everyone from young teens to older adults looking for anti-aging solutions. In addition to the growing need to look attractive, demand for cosmetic procedures is mainly driven by the outcomes of a stressful lifestyle such as early aging, hair loss and obesity.

Amid the COVID-19 crisis, the global market for Aesthetic Services estimated at US$16.4 Billion in the year 2020, is projected to reach a revised size of US$23.3 Billion by 2026, growing at a CAGR of 6.2% over the analysis period. Surgical, one of the segments analyzed in the report, is projected to record 5.6% CAGR and reach US$14.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Surgical segment is readjusted to a revised 7% CAGR for the next 7-year period. Reconstructive surgery, cosmetic surgery, and plastic surgery are a part of surgical aesthetic procedures. Growth in the surgical segment is being driven by growing demand for breast augmentation. The ability to provide dramatic benefits without surgery has augmented the demand for non-surgical cosmetic procedures.



The U.S. Market is Estimated at $6.1 Billion in 2021, While China is Forecast to Reach $2.2 Billion by 2026


The Aesthetic Services market in the U.S. is estimated at US$6.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2026 trailing a CAGR of 8.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5% CAGR. The US is the dominant market and growth is being driven by increasing focus on improving physical appearance, rising disposable incomes of people, and the subsequent rise in demand for cosmetic procedures. Rising popularity of non-surgical aesthetic procedures, including scar reduction, cosmetic enhancements and non-laser tattoo reversals are the major factors propelling growth in the US market. Asia-Pacific is poised to grow at strongly, due to the region`s aging population and the growing demand for anti-aging products.

Select Competitors (Total 76 Featured) -

  • Advanced Dermatology and Cosmetic Surgery
  • Allergan plc
  • Azul Cosmetic Surgery and Medical Spa
  • GC Aesthetics
  • Cynosure Inc.
  • DC Derm Docs
  • Rousso Facial Plastic Surgery
  • Human Med AG
  • Lumentis Ltd.
  • Marina Plastic Surgery
  • Mirror Mirror Beauty Boutique
  • Quatela Center for Plastic Surgery
  • Riverchase Dermatology and Cosmetic Surgery
  • Saltz Plastic Surgery
  • Southwest Plastic Surgery
  • The Ottawa Skin Clinic
Frequently Asked Questions about the Global Market for Aesthetic Services

What is the estimated value of the Global Market for Aesthetic Services?

The Global Market for Aesthetic Services was estimated to be valued at $16.4 Billion in 2020.

What is the growth rate of the Global Market for Aesthetic Services?

The growth rate of the Global Market for Aesthetic Services is 6.0%, with an estimated value of $23.3 Billion by 2026.

What is the forecasted size of the Global Market for Aesthetic Services?

The Global Market for Aesthetic Services is estimated to be worth $23.3 Billion by 2026.

Who are the key companies in the Global Market for Aesthetic Services?

Key companies in the Global Market for Aesthetic Services include Advanced Dermatology and Cosmetic Surgery, Allergan plc, Azul Cosmetic Surgery and Medical Spa, GC Aesthetics, Cynosure Inc., DC Derm Docs, Rousso Facial Plastic Surgery, Human Med AG and Marina Plastic Surgery.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Allergan plc
  • Cynosure Inc.
  • DC Derm Docs
  • GC Aesthetics
  • Human Med AG
  • Lumentis Ltd.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19 Disruptions Impact Aesthetic Services Market
  • Aesthetic Clinics to Follow Infection-Prevention Measures to Mitigate Risk of COVID-19 Infection Transmission
  • Market Outlook
  • Aesthetic Services – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Developed Regions Dominate, Developing to Drive Market Growth
  • Surgical Procedures Dominate, Non-Surgical Aesthetic Services to Witness Faster Growth
  • Total Number of Surgical Procedures Performed across the Globe by Plastic Surgeons (2018)
  • Total Number of Surgical Procedures across the Globe by Region of the Body: 2018
  • Non-Surgical Cosmetic Procedures Worldwide (2018): Percentage Breakdown of Procedure Volumes
  • Total Number of Nonsurgical Procedures across the Globe by Procedure Type: 2018
  • SEGMENT INFORMATION
  • New Implant Options and Surgical Techniques Shape Market Prospects for Breast Augmentation
  • Advances in Laser Technology Drives New Opportunities in Medical Aesthetics
  • Dermal Fillers and BOTOX Witness Rapid Growth
  • Cosmetic Botulinum Toxin Procedures Performed Worldwide (2019): Percentage Breakdown of Procedure Volume by Gender
  • Botulinum Toxin Gains Popularity among Millennials
  • Cosmetic Botulinum Toxin Procedures Performed Worldwide (2019): Percentage Breakdown of Procedure Volume by Age Group Age Group % Share
  • Non-Invasive Body Contouring Witnesses Rapid Growth
  • Body Injectables & Shapely Rears
  • Muscle Sculpting
  • VelaShape III to Reduce Cellulite
  • WORLD BRANDS

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Select Key Trends for 2020 and Beyond
  • Tweakments
  • Fractional Facelift
  • Skin Treatments
  • Vaginal Rejuvenation
  • Hair Thinning Treatments for Women
  • Alternatives to Brazilian Butt Lifts
  • New Advanced Medical Aesthetic Treatments Gain Traction
  • Surge in Injectables Demand
  • Preventative Injectables
  • Platelet-Rich Plasma (PRP) for Hair Loss and Skin Resurfacing
  • Increasing Popularity of Vaser Liposuction
  • Other Popular Liposuction Procedures
  • New Fillers & Picosecond Lasers Make a Foray
  • Encouraging Breakthroughs in Aesthetic Lasers for Enhanced Efficacy & Safety Profiles
  • Innovative Laser-based Devices
  • Versatile, Multi-Application Laser Systems
  • Devices Combining Radiofrequency & Microneedling
  • New Devices for Fat, Collagen & Skin Tightening
  • Body Treatments Undergo Makeover
  • Emphasis on Natural Looks Drive Market Growth
  • Focus on All Skin Tones & Types
  • Technology Trends Creating Buzz in Aesthetic Services for Medical Spa
  • Proliferation of Skin Conditions Create Need for Advanced Technology
  • Couture Lips Gain Increasing Popularity
  • LitLift Gains Traction
  • Masseter Botox® for Slim Jaw Line and TMJD

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Aesthetic Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Largest Market for Aesthetic Services Globally
  • Increasing Demand for Cosmetic Treatments
  • Cosmetic Procedures: Facts and Figures
  • Aging Baby Boomers Drive Aesthetic Business
  • US Population by Age Group (2017): Percentage Breakdown for 0-14, 15-24, 25-59 and 65+ Age Groups
  • North American Aging Population by Age Group: 1975-2050

CANADA

JAPAN

  • Aesthetic Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Aesthetic Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Uptrend in Facial Injectables Market Favors Market Expansion
  • Regulatory Scenario
  • Botulinum Toxin Injections Approved by China Food and Drug Administration (CFDA)
  • Market Share of Leading Players in Chinese Botulinum Toxin Market: 2019

EUROPE

  • Aesthetic Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Non-Surgical Aesthetic Procedures in Select European Countries (2019): Percentage Breakdown of Number of Procedures by Procedure Type
  • Regulations for Botulinum Toxin Usage in the EU

FRANCE

  • Aesthetic Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Aesthetic Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Aesthetic Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Market Overview
  • Snapshots

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Aesthetic Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Aesthetic Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
  • Market Overview
  • Non-Surgical Aesthetic Procedures in Australia (2019): Percentage Breakdown of Number of Procedures by Procedure Type

INDIA

  • Aesthetic Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview
  • Non-Surgical Aesthetic Procedures in India (2019): Percentage Breakdown of Number of Procedures by Procedure Type

SOUTH KOREA

  • Market Overview
  • Strong Demand for Cosmetic Procedures – Potential for BTX Market
  • Working Women as % of Total Female Population for 2005, 2010, 2015 & 2018

REST OF ASIA-PACIFIC

LATIN AMERICA

  • Aesthetic Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

BRAZIL


MEXICO


REST OF LATIN AMERICA


REST OF WORLD

IV. COMPETITION

  • Total Companies Profiled: 76
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Advanced Dermatology and Cosmetic Surgery
  • Allergan plc
  • Azul Cosmetic Surgery and Medical Spa
  • GC Aesthetics
  • Cynosure Inc.
  • DC Derm Docs
  • Rousso Facial Plastic Surgery
  • Human Med AG
  • Lumentis Ltd.
  • Marina Plastic Surgery
  • Mirror Mirror Beauty Boutique
  • Quatela Center for Plastic Surgery
  • Riverchase Dermatology and Cosmetic Surgery
  • Saltz Plastic Surgery
  • Southwest Plastic Surgery
  • The Ottawa Skin Clinic
Note: Product cover images may vary from those shown