In-Depth 2024 Aesthetic Services Market Analysis: Growth, Share, and Emerging Trends
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2024-2033 Aesthetic Services Market Growth Rate: What’s the Forecast?
The market size of aesthetic services has experienced significant growth recently. The market, which is predicted to surge from $18.11 billion in 2023 to $19.58 billion in 2024, represents a Compound Annual Growth Rate (CAGR) of 8.1%. Factors such as celebrity endorsement, an aging demographic, societal and media perspectives, as well as the adoption of virtual consultations and telemedicine, have all contributed to its historical period growth.
The market size for aesthetic services is predicted to witness significant growth in the upcoming years, reaching $25.84 billion in 2028 with a compound annual growth rate (CAGR) of 7.2%. This growth during the forecast period is due to the globalization of beauty standards, preventive aesthetic treatments, the rise in men’s aesthetic services, and an increased focus on health and wellness. Key trends to be expected in this period include technological advancements, non-invasive and minimally invasive procedures, personalised and customised treatments, the growth of combination therapies and an emphasis on ethical and sustainable aesthetics.
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What Drivers Are Accelerating the Growth of the aesthetic services Market?
The aesthetic services market is set for expansion due to the growing interest in cosmetic procedures. Such procedures are medical or surgical interventions designed to improve or modify an individual’s physical looks. Aesthetic services are essential to these procedures as they offer various non-surgical treatments and supplementary services that amplify the overall outcomes and address particular aesthetic issues. In March 2023, a report by the British Association of Aesthetic Plastic Surgeons, a UK-based surgical organization, indicated that in 2022, 31,057 cosmetic procedures were conducted, marking a 102% rise from the previous year. Also, in 2022, women accounted for 93% of all cosmetic treatments, reflecting a 101% growth from 2021. Hence, the mounting demand for cosmetic procedures is fueling the growth of the aesthetic services market.
What Key Segments Can Be Identified in the Aesthetic Services Market?
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
What Trends Are On the Rise in the Aesthetic Services Market?
Progress in technology is a key trend gaining traction in the market for aesthetic services. Big companies in the aesthetic services sphere are embracing new technologies to maintain their market presence. For example, in March 2023, Swiss pharmaceutical company, Galderma S.A. introduced FACE by Galderma, an innovative system powered by advanced Augmented Reality (AR) technology designed for aesthetic visualization. This technology allows patients and beauty professionals to visualize the results of injectable therapy even before the treatment begins. This ingenious method could potentially alleviate patients’ worries about the outcomes of injectable treatments by offering a simulated real-time “before and after” scenario of what can be achievable with a tailored treatment plan.
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What Regions Are Steering Growth in the Aesthetic Services Sector?
North America was the largest region in the aesthetic services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aesthetic services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Aesthetic Services Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the aesthetic services market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Aesthetic Services Market Include
1. Aesthetic Services Market Executive Summary
2. Aesthetic Services Market Segments
3. Aesthetic Services Market Size And Template Market Growth Rate
4. Key Aesthetic Services Market Trends
5. Major Aesthetic Services Market Drivers
……
25. Key Mergers And Acquisitions In The Aesthetic Services Market
26. Top Aesthetic Services Companies
27. Aesthetic Services Market Opportunities And Strategies
28. Aesthetic Services Market, Conclusions And Recommendations
29. Appendix
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