Asia Pacific Aesthetics Market Size Worth USD

With gorgeous aesthetics and growing demand for beauty and cosmetic products, the Asia-Pacific aesthetics market has grown to be one of the largest markets for these types of products.

Market Overview

Asia-Pacific is both the largest and fastest-growing region in the cosmetics industry due to strong population growth and increasing demand for better products. Despite a halt induced by the Covid-19 pandemic, the cosmetics industry in the region is growing and Asia-Pacific aesthetics market is expected to reach USD 3.98 billion, with significant growth of 10.34% predicted for 2027.

The Asia-Pacific aesthetics market is projected to be driven by factors such as increasing awareness about the importance of good aesthetics among consumers, surging demand for non-surgical treatments and procedures, changing lifestyle preferences, and expanding medical tourism industry in the region. Moreover, the emerging trend of using social media for promotion and advertising of aesthetic products is boosting the growth of the aesthetics market in this region.

Industry Outlook

The aesthetics sector has seen a significant surge in demand in recent years, driven by factors such as rising consciousness of the importance of good aesthetics, growing trend of aesthetic tourism, and increasing disposable incomes. Additionally, rapid technological advancement in aesthetics treatment has led to new and improved treatments offered in the market.

Furthermore, growing ageing population, increasing awareness regarding preventive healthcare, and rising prevalence of skin diseases are likely to boost the Asia-Pacific aesthetics market.

Market Segmentation

The Asia-Pacific aesthetics market is segmented into product type, end-user, and region.

By product type, the market is divided into aesthetic lasers and energy devices, body contouring and skin tightening equipment, facial aesthetics, aesthetic implants and sutures, skin care devices and others. Of these, aesthetic lasers and energy devices held the largest share and value of the overall market, as they offer non-surgical treatments for various skin and body procedures.

By end-user, the market is classified into hospitals and clinics, beauty clinics and spas, and others. Out of these, hospitals and clinics held the largest share of the market as a majority of aesthetic treatments are performed in these medical facilities.

Geographical Coverage

By region, the Asia-Pacific aesthetics market is segmented into China, India, Japan, South Korea, Australia, the rest of Asia-Pacific.

The survey found that in 2018, China's need for cosmetic treatments drove the country to have the biggest market share and value. The market in China is projected to show steady growth from 2019 to 2024, due to a rise in the number of cosmetic and beauty clinics, investments in research and development (R&D) for cosmetic procedures, and increasing consumer demand for non-surgical treatments.

Following China, India was the second-largest market in terms of value, owing to a large consumer base, rapid urbanization, and growing spending power of consumers. India is also poised to expand with a high CAGR over the forecast period as a result of improving healthcare infrastructure and access to advanced medical treatments.

Japan, South Korea, and Australia are other leading markets in the region, driven by the growth of medical tourism and the rising preference for aesthetic treatments and procedures in the countries.

Market Forecast

The Asia-Pacific aesthetics market is projected to expand rapidly over the forecast period, owing to the growing demand for aesthetic treatments, rising investments in R&D, and favorable government initiatives for the promotion of healthcare and beauty treatments.

Additionally, growing acceptance of technological advancements and developments such as mobile and remote devices and skin care technologies are some other drivers of the Asia-Pacific aesthetics market.

Companies Profiled

Some of the key players in the Asia-Pacific Aesthetics Market are Allergan (Ireland), Merz Pharma (Germany), Syneron Medical Ltd. (Israel), Cutera, Inc. (U.S.), Cynosure, Inc. (U.S.), Galderma SA (Switzerland), PhotoMedex, Inc. (U.S.), Invasix Aesthetic Solutions (Singapore), Valeant Pharmaceuticals International, Inc. (Canada), Lumenis Ltd. (Israel), and Sientra, Inc. (U.S.).

Conclusion

Aesthetic treatments and procedures are becoming increasingly popular, which is projected to drive the Asia-Pacific aesthetics market to record high growth rates over the forecast period, technological advancements in the field, and changing lifestyle preferences. The Asia-Pacific aesthetics market holds significant potential and is projected to witness a steady growth rate in the coming years.