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Aesthetic Services Market By Services (Body Contouring And Cellulite Treatment, Liposuction, Abdominoplasty, Dermal Filler And Botox Injection, Laser Hair Removal, Microdermabrasion, Microneedling, Chemical Peel, Hair Transplantation, Rhinoplasty, Breast Augmentation, Skin Tightening) - Growth, Future Prospects And Competitive Analysis 2017 - 2025

The report titled "Aesthetic Services Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the overall aesthetic services market, along with the market's size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on types of services and different geographies. On the basis of demographics, earlier baby boomers were considered the key consumers of aesthetic services, but the trend has been observed to shift slightly towards millennials due to increasing awareness associated with cosmetic wellbeing and easy access to modern aesthetic service providers. According to market experts, beauty standards have changed over the past decade, and so has the way consumers take care of themselves. The key factors driving the overall aesthetic services market are the rising demand for body feature enhancement services, an increasingly sedentary lifestyle fueling the obesity epidemic, and an increasing geriatric population equipped with high disposable capital.

For the purpose of this study, the global aesthetic services market is segmented on the basis of service type into body contouring and cellulite treatment, liposuction, abdominoplasty, dermal filler, Botox injection, laser hair removal, microdermabrasion, micro-needling, chemical peels, hair transplantation, rhinoplasty, breast augmentation, skin tightening, and others (facelift, laser tattoo removal, laser vein treatments, and light therapies). Market size estimates and forecasts for these segments for the period 2015–2025 are provided in terms of USD million, along with the respective compounded annual growth rates (CAGRs) for the period 2017–2025, considering 2016 as the base year.

The geographical segmentation of the aesthetic services market comprised regions such as North America, Europe, Asia-Pacific, Latin America & the Middle East, and Africa. Each geographical region is further split to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, Brazil, and GCC countries. The market size and forecast for these segments during 2015–2025 and their CAGRs for the period 2017–2025 are provided in this report.

The aesthetic services market is observed as the most diversified and competitive market, comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are Human Med AG, Alcon Inc., Biosil Ltd., Cynosure Inc., Genzyme Corporation, Allergen Plc, and Lumentis Ltd., among others.

Based on the type of service, the global aesthetic services market is segmented as follows:

  • Body Contouring and Cellulite Treatment
  • Liposuction
  • Abdominoplasty
  • Botox Injections and Dermal Fillers
  • Hair Removal with Laser
  • Microdermabrasion
  • Microneedling
  • Chemical Peel
  • Hair Transplantation
  • Rhinoplasty
  • Breast Augmentation
  • Skin Tightening
  • Others (including facelifts, laser tattoo removal, laser vein treatments, and light therapies)

In 2016, breast augmentation and liposuction services accounted for the largest share of 43.2% due to rising demand for body feature enhancement services, an increasingly sedentary lifestyle fueling the obesity epidemic, and an increasing geriatric population willing to spend on aesthetic procedures. Dermal filler and botox were observed as the fastest-growing markets due to the rising demand for minimally invasive surgeries. In addition to this, the increasing demand for aesthetic treatments in the male population and the accessibility of advanced, safe, and effective aesthetic devices will provide significant growth to the market in the near future.

For the purpose of this study, the global aesthetic services market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

In the base year 2016, North America accounted for the largest share of 42.1% due to key drivers such as increasing public awareness about aging signs, high disposable income, extensive advertisements carried out by market players, and easy accessibility to expert service providers. According to market experts, the rising prevalence of skin diseases and the increasing awareness and consciousness among people, coupled with infrastructural and technological advancements, are projected to increase the demand for aesthetic services. Asia-Pacific and Latin America were observed as the fastest-growing regions during the forecast period of 2017–2025. The key factors fueling the growth of aesthetic services in APAC and LATAM comprise increasing acceptance of minimally invasive and non-invasive aesthetic procedures, an aging population, high public awareness, technological developments in energy-based devices, an increasing amount of aesthetic procedures, and a rise in the number of aesthetic service providers.

Frequently Asked Questions:

The market for Aesthetic Services is expected to reach USD 29,343.8 Mn in 2025.

The Aesthetic Services market is expected to see significant CAGR growth over the coming years, at 6.9%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Human Med AG,Alcon Inc.,Biosil Ltd.,Cynosure Inc.,Genzyme Corporation are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  May 2017
Category:  Medical Devices
Report ID:   58449
Report Format:   PDF
Pages:   120
Rating:    4.7 (65)
Delivery Time: 24 Hours to 48 Hours   
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