A recent report predicts a robust CAGR of over 5% for India’s aesthetic injectables market until 2030. A burgeoning population of beauty-conscious individuals in the country attributed the surge in demand.
GlobalData, a prominent data and analytics company, unveiled insights; showcasing India’s current 1% share of the APAC aesthetic injectables market by revenue in 2023. The report underscores the role of increased beauty treatment awareness. It also highlights the impactful influence of social media in propelling this growth.
KEY TRENDS DRIVING GROWTH
Aesthetic injectables like botulinum toxin, hyaluronic, and non-hyaluronic acid fillers are gaining popularity. This is owing to their non-surgical and non-invasive attributes. The report emphasizes the swift, safe, and successful outcomes associated with these procedures. Which in turn contributes to their rising demand.
According to Ayshi Ganguly, a Medical Devices Analyst at GlobalData, the COVID-19 pandemic has heightened skin awareness. This has led individuals to seek elastic, rejuvenated, hydrated, and plump skin without resorting to surgery. She notes that people are increasingly allocating a portion of their disposable income towards aesthetic enhancements. This trend is further fueling aesthetic injectables market growth.
TECHNOLOGICAL ADVANCEMENTS
Ganguly points out an important aspect of the growth of the Indian aesthetic injectables market. It is accompanied by an expanded array of injectable fillers available to surgeons. Additionally, the utilization of VR and AI is broadening the customer base. Technology can be leveraged to get precise skin-type recommendations and help with post-procedure monitoring.
“With the evolution of beauty parameters and advancements in technology and regulations, the aesthetic injectables market is all set to flourish, offering an array of opportunities for both consumers and businesses alike,” she concludes.
In conclusion, a confluence of factors is driving the forecasted growth of India’s aesthetic injectables market. These factors are inclusive of beauty awareness, social media influence, non-invasive procedures, and the impact of the COVID-19 pandemic. As individuals increasingly invest in aesthetic enhancements, consumers and businesses are presented with opportunities, and the market is poised for substantial expansion.
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