Did you ever dream of a State-of-the-art medical spa (MediSpa) in your pioneering hotel or resort, a benchmark in the field regarding Asia-Pacific region, PLENITUDE, as Expert Operator can bring you to the goal by providing a full range of business solutions along a total management.
Global Facial Aesthetics Market to Exceed USD 5.5 Billion by 2020, According to Technavio
WIRE)--According to Technavio’s latest report, the global facial aesthetics
market is expected to exceed USD 5.5 billion by 2020, growing at a CAGR of
almost 10% during the forecast period.
global facial aesthetics market is growing at a steady rate due to the rising
beauty consciousness among consumers and a shift in preference from invasive to
minimally or non-invasive procedures,” says Amber Chourasia, a lead analyst for
health and wellness research at Technavio.
report, Technavio covers the present scenario and growth prospects of the global
facial aesthetics market for 2016-2020. The report also presents the vendor
landscape and a corresponding detailed analysis of the top four vendors
operating in the market. The market is segmented into the following three
Americas: largest market for facial aesthetics
facial aesthetics market in the Americas is expected to grow at a CAGR of over
8%. The market was dominated by the Americas in 2015 and the region will
continue to lead the market, with North America as the main contributor. Rapid
advancements in technology, increasing awareness about aesthetic procedures,
rising demand for the use of minimally invasive techniques, and the increase in
the number of older people are some of the factors driving the market.
population of people aged 60 and above are increasingly opting for cosmetic
surgeries, particularly for minimal and non-invasive surgical procedures. Botox
will be the most popular facial aesthetic procedure by 2020 due to a reduction
in side effects, competitive pricing, increased patient comfort, short
procedure times, and immediate results. Men are increasingly joining the
customer base, opting for Botox, facial dermal fillers, and other facial
in South America are reporting high economic growth, which in turn will lead to
an increase in spending power, thus, enabling people to afford medical
aesthetic procedures, some of which are considered expensive. “The presence of
a larger number of skilled physicians offering facial aesthetic procedures will
further increase the growth of the market in the region,” says Amber.
EMEA: innovative products and increasing public
awareness to boost growth
facial aesthetics market in EMEA is expected to grow at a CAGR of almost 10%.
EMEA is the second largest segment in the global facial aesthetics market, with
Europe being the primary contributor.
advances in facial aesthetics have led to the development of innovative
products. Increasing public awareness of these innovative products and their
benefits has led to a rise in the number of people undergoing facial aesthetic
and Saudi Arabia are becoming popular destinations for medical tourism. The
demand for non-invasive medical aesthetics is on the rise in these countries,
and people from across the world are traveling to these countries to undergo
medical aesthetic surgeries and prevent the effects of aging. The cost of these
surgeries in the Middle East and Africa is less than that for the same
procedures in the US and the UK.
APAC: rapidly growing market for facial
facial aesthetics market in APAC is expected to grow at a CAGR of over 13%. The
market in APAC will grow rapidly during the forecast period due to significant
growth opportunities for vendors.
South Korea, Singapore, Australia, India, and China are the major contributors
to the market in this region. The rise in disposable income of the people in
these countries is increasing the affordability of luxury products and services
such as facial aesthetic surgeries.
addition, growing public awareness of cosmetic surgeries will lead to increased
implementation of Botox and dermal facial fillers by hospitals and surgical
centers. Dermal fillers are also reporting increased sales as consumers are
shifting toward non-invasive, low-cost, anti-aging aesthetic treatments.