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As per The Business Research Company’s Aesthetic Services Global Market Report 2023, The global aesthetic services market is expected to grow from $16.63 billion in 2022 to $17.98 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The aesthetic services market is expected to reach $23.87 billion in 2027 at a CAGR of 7.3%.

What was the major driver in the aesthetic services market?
The rising demand for cosmetic procedures is expected to propel the growth of the aesthetic services market going forward. Cosmetic procedures refer to medical or surgical treatments performed to enhance or alter a person’s physical appearance. Aesthetic services play a crucial role in cosmetic procedures as they provide various non-surgical treatments and complementary services that enhance the overall results and address specific aesthetic concerns. For instance, in March 2023, according to a report published by the British Association of Aesthetic Plastic Surgeons, a UK-based surgical association, in 2022, 31,057 cosmetic procedures were performed, an increase of 102% from the year before. Furthermore, in 2022, women underwent 93% of all cosmetic treatments, an increase of 101% from 2021. Therefore, the rising demand for cosmetic procedures is driving the growth of the aesthetic services market.

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What was the key trend in the aesthetic services market?
Advancements in technology are a key trend gaining popularity in the aesthetic services market. Major companies operating in the aesthetic services market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Galderma S.A., a Switzerland-based pharmaceutical company launched FACE by Galderma, based on cutting-edge augmented reality (AR) technology for aesthetic visualization. This technology enables patients and beauty experts to picture injectable therapy outcomes before treatment starts. This novel approach may allay patients’ anxieties regarding injectable outcomes by providing a simulated real-time “before and after” vision of what can be feasible with a customized treatment strategy.

Which was the largest region in the aesthetic services market?
North America was the largest region in the aesthetic services market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the aesthetic services market prominent players?
Major players in the aesthetic services market are Rousso Adams Facial Plastic Surgery Clinic, The Ottawa Skin Clinic, Viva Skin & Hair Clinic, Cynosure Inc., Human Med AG, Lumentis Ltd., Master-Aesthetic Limited, Mirror Mirror Beauty Boutique, International Association of Better Business Bureaus Inc., Azul Cosmetic Surgery and Medical Spa, GC Aesthetics France SAS, Marina Plastic Surgery, Alcon Inc., Biosil Ltd., Genzyme Corporation, Alma Lasers Ltd., Bausch Health Companies, Galderma S.A., Cutera Inc., and Saltz Plastic Surgery. 

Key aesthetic services market segments
The global aesthetic services market is segmented –
1) By Type: Facial Aesthetic Services, Skin Lightening, Body Contouring, Aesthetic Implantation
2) By Procedure: Cosmetic Procedures, Re Constructive Procedures
3) By Age Group: Adolescent, Adult, Geriatric
4) By End-User: Hospitals, Ambulatory Surgical Centers, Beauty Centers And Medical Spas, Dermatology Clinics

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The Aesthetic Services Global Market Report 2023  provides a comprehensive overview on the aesthetic services market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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