Press release
Aesthetic Services Market Trends, Research, and Forecast 2024-2033
The aesthetic services market size has grown strongly in recent years. It will grow from $18.11 billion in 2023 to $19.58 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to celebrity influence, celebrity influence, aging population, media and social perception, virtual consultations and telemedicine.The aesthetic services market size is expected to see strong growth in the next few years. It will grow to $25.84 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to globalization of beauty standards, preventive aesthetic treatments, men's aesthetic services, health and wellness focus. Major trends in the forecast period include technological advancements, non-invasive and minimally invasive procedures, personalization and customization, rise of combination therapies, ethical and sustainable aesthetics.
Market Overview -
Aesthetic services refer to a range of cosmetic treatments and procedures that are performed to enhance or improve a person's appearance. Aesthetic services serve various purposes and are sought after by individuals for different reasons.
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The Rising Demand For Cosmetic Procedures
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.
Competitive Landscape -
Major companies operating in the aesthetic services market report 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., Saltz Plastic Surgery
Galderma Unveils Cutting-Edge Augmented Reality Technology With Face, Paving The Way For Advanced Aesthetic Visualization In The 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.
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Key Segments -
The aesthetic services market covered in this report 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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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