FOR IMMEDIATE RELEASE
October 10, 2018
— Asia Pacific Aesthetics Market – Overview
Asia Pacific Aesthetics Market Is Estimated To Grow At An Approximate CAGR Of 11.50% From 2017 To 2023. Growing expenditure on cosmetic surgeries, increasing the prevalence of skin diseases and high demand for aesthetic procedures like liposuction, hair transplantation, and others followed by the growing obese and geriatric population drives the Asia Pacific aesthetics market.
However, high procedure-cost and need of physician training are estimated to restrain the market growth during the forecast period.
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Aesthetics is a branch of philosophy concerned with the valuation of craftsmanship, beauty, excellence, and good taste. Medical aesthetics carry this philosophy to improve the cosmetic appearance of an individual.
Various aesthetic techniques are available in the market, which are effectively utilized for liposuction, hair removal, acne treatment, and others. Growing expenditure on cosmetic surgeries is the major driver for market growth.
According to the International Trade Administration in 2015, the per capita cosmetic expenditure was about USD 174 in Japan. Moreover, it was estimated that the Asian countries are receiving huge exports from the U.S for the same reason.
Additionally, factors such as increasing prevalence of skin diseases like acne and actinic keratosis and high demand for aesthetics procedures like liposuction, hair transplantation in the the growing obese and geriatric population boosts the market growth.
Asia Pacific Aesthetics Market - Segmentation:
The Asia Pacific aesthetics market is segmented on the basis of procedures, products, application, and end-user.
On the basis of the procedures, the market is categorized into surgical aesthetic procedures and nonsurgical aesthetic procedures.
The surgical aesthetic procedures segment is sub-segmented into liposuction, breast augmentation, tummy tuck, eyelid surgery, breast lift, dermabrasion, and others. The nonsurgical aesthetic procedures segment is sub-segmented into botulinum toxin, hyaluronic acid, hair removal, photorejuvenation (IPL), chemical peel, microdermabrasion, and others.
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On the basis of the product, the market is segmented into laser and energy based devices, skin tightening and body contouring devices, aesthetic implants, and others. The segment for skin tightening and body contouring devices is sub-segmented into liposuction devices, cellulite reduction devices, cryolipolysis technology, anti-aging device, and others. The aesthetic implants segment is sub-segmented dental implants, breast implants, buttock augmentation, transdermal implants, and others. On the basis of the application, facial & body contouring, facial & skin rejuvenation, breast enhancement, scar treatment, reconstructive surgery, tattoo removal, vaginal rejuvenation, and others. On the basis of the end-user, the market is segmented into hospitals & clinics, dermatology clinics, cosmetic centers, and others.
Asia Pacific Aesthetics Market - Regional Analysis:
On the regional basis, Asia Pacific aesthetics market is segmented into China, India, Japan, Australia, and Rest of Asia Pacific.
Japan holds a major share of the Asia Pacific aesthetics market and is followed by India. This is due to the rising expenditure on the cosmetic and high per capita income. In India, the market growth is facilitated by a huge patient population, increasing demand for the better quality products, and rapidly changing the economy. China stands third in the Asia Pacific aesthetic market. This can be attributed due to the increasing patient population and rising acceptance of aesthetic procedures. Australia holds the least share of the market owing to the high cost for aesthetic procedures followed by lack of skilled physicians.
Major TOC of Asia Pacific Aesthetics Market Research Report – Forecast to 2023
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Impact Analysis
6 Asia Pacific Aesthetics Market, By Procedure
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