Facial aesthetics market estimated to reach $28,120 million by 2024
According to the recent Facial Aesthetics market 2020 report, the facial aesthetics market has agonised a certain impact, but still maintained a relatively optimistic growth. The past four years, the facial aesthetics market size was estimated to maintain the average annual growth rate of 3.10 per cent from $22,140 million in 2015 to $24,260 million in 2019. As reported, analysts believe that in the next few years, the facial aesthetics market size will be further expanded, and it is expected that by 2024, the market size of facial aesthetics will reach $28,120 million.
Abrupt, easy, and much cheaper – the facial aesthetics treatments are carried out non-surgically for vitalising the facial skin, according to the Business Industry Reports’ press release. For females, adopting a wider variety of medical aesthetic facilities is a reasonable initial step. It has also worked much to the benefit of patients who must have not thought of restorative surgery and were satisfied with short-term care.
Overall, demand in the end-user segment is high. This is coupled with a wider range of facial aesthetic products for treatment of more and more parts. Also, mainly in the developed countries, the average spending per patient in beauty and dermatology clinics is increasing at a healthier rate. Considering the regular net income from facial aesthetics, this has enabled magnificent skin care and beauty clinics or dermatology clinics and restorative experts to continue on endorsing to their patients facial injectable, for instance, dermal fillers and Botox. Botox is popular among both men and women; it ranks three on the top 10 treatment list for women and takes the 10th ranking for men. Dermal fillers act towards naturally restoring the skin’s young look.
So, what’s driving growth? The market is mainly driven by:
• Growing adoption of minimally invasive and noninvasive aesthetic procedures.
• Rising adoption among geriatric individuals.
• Increasing public awareness about cosmetic procedures.
• The availability of technologically advanced and user-friendly products.
• The growing demand for aesthetic treatments among men.
In the present day, men and women are both spending a large amount of their disposable income in facial aesthetic products to preserve their facial image for the long term. This plus, the rising effect of these are encouraging potential consumers to try different facial aesthetic products.
Geographically, the medical aesthetics market is segmented into North America (the US and Canada); Europe (Germany, the UK, France, and the Rest of Europe); Asia Pacific (Japan, China, India, South Korea, and the Rest of Asia Pacific); and the rest of the world (Latin America, the Middle East, and Africa). In 2019, North America estimated to account for the largest share of the global medical aesthetics market.