Korea Aesthetic Market Expected To Reach $ 5,695.42 Million Growth By 2028||Players- Allergan, INMODE Group, Bausch Health Companies Inc., Galderma Laboratories, L.P., Cynosure Inc (Hologic Inc.), Bison Medical

Korea aesthetic market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 16.4% in the forecast period of 2021 to 2028 and is expected to reach USD 5,695.42 million by 2028 from USD 1,546.22 million in 2021. The aesthetic market is growing due to the rise in medical aesthetic tourism in Korea, awareness about minimal invasive treatments, and the well-established market in Korea.

The large scale Aesthetic report encompasses a thorough study of current situation of the global market along with several market dynamics. To formulate this report, detailed market analysis has been performed with the inputs from industry experts. Depending on client’s demand, huge amount of business, product and market related information has been brought together via this report that eventually helps businesses create better strategies. All of these features are strictly applied while building the winning Aesthetic market report for a client. It gives explanation about various definitions and segmentation or classifications of the industry, applications of the industry and value chain structure.

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The major companies providing aesthetics are Candela Medical, Merz North America, Inc. (Merz Pharma), Allergan, INMODE Group, Bausch Health Companies Inc., Galderma Laboratories, L.P., Cynosure Inc (Hologic Inc.), Bison Medical, BLUECORE COMPANY, HUGEL Inc, Hironic Co. Ltd, UNION MEDICAL, WEERO, AMIINC, DAEWOONG PHARMACEUTICAL CO. LTD, CLASSYS Inc., Medytox, among others.

Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the Korea aesthetic market.

For instance,

In November 2020, Galderma Laboratories, L.P. had proclaimed the Phase 2 clinical trials of Dysport which is responsible for the use of treatment of moderate to severe frown lines between the eyebrows. This initiative by the company would result in quick product approval and rise in product portfolio. This would bring a positive growth in the company.

Scope of the Korea Aesthetic Market

All country based analysis of the Korea aesthetic market is further analysed based on maximum granularity into further segmentation. On the basis of devices, the aesthetic market is segmented into energy based aesthetic device and non-energy based aesthetic device. On the basis of application, the aesthetic market is segmented surgical and non-surgical. On the basis of brands, the aesthetic market is segmented into skin lifting, botulinum toxin, dermal fillers, and others. Skin lifting is further segmented into ulthera, thermage, ultraformer III, inmode and others. On the basis of gender, the aesthetic market is segmented into male and female. On the basis of end user, the aesthetic market is segmented into hospitals, specialty clinics, medical spas & beauty centers, dermatology clinics, and others. On the basis of distribution channel, the aesthetic market is segmented into direct tenders and retail sales.

Korea Aesthetic Market Scenario

According to Data Bridge Market Research, the market for aesthetic in Korea is growing with Market leader such as Allergan which accounts an estimated market share of approximately 43.95%. The company has gained outstanding sale by providing medical aesthetics technology.

In September, Allergan launched SkinMedica offered by dermatologists, plastic surgeons and medical aestheticians nationwide. DiamondGlow is a next-level skin resurfacing treatment that simultaneously exfoliates and extracts as it infuses the skin with advanced serums. This will increase the product portfolio of the company.

Key Pointers Covered in Korea Aesthetic Market Industry Trends and Forecast to 2028

Market Size
Top to Bottom Market Analysis
Recent Developments for Market Competitors
Market Value and Overview of Aesthetic Market
Company Profiling of Top Eight Players of Aesthetic Market

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Korea Aesthetic Market Drivers:

The aesthetic market is growing due to the rise in medical aesthetic tourism in Korea, awareness about minimal invasive treatments, and the well-established market in Korea.

The demands for aesthetic have been increased, and the reason behind this is a rise in awareness about the medical aesthetic and an increase in aging population.

The aesthetic market is growing due to the rise in medical aesthetic tourism in Korea, awareness about minimal invasive treatments, and the well-established market in Korea. The market will grow in the forecasted period with an increase in R&D.

Korea Aesthetic Market Restraints:

The availability of unlicensed dermatologist, social stigma, and inadequate reimbursement development are expected to restrain the Korea aesthetic market growth.

Korea Aesthetic Market Country Level Analysis

Aesthetic market is analysed and market size information is provided on basis of devices, application, brand, gender, end user, and distribution channel as referenced above.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

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