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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Aesthetic Services market. Market segmentation includes by Procedure (Surgical and Non-Surgical); by Service Type (Breast Augmentation, Liposuction, Dermal Filler & Botox Injection, Body Contouring & Cellulite Treatment, Laser Hair Removal, Chemical Peel and Other Service Types); by End-Use (Hospitals, Dermatology Clinics & Cosmetic Centers and Ambulatory Surgery Centers).

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24 November 8:34 a.m., Silicon Valley, California - According to the new market research report, the global market for Aesthetic Services is projected to reach US$24.9 billion by the year 2027, driven by the outcomes of a stressful lifestyle such as early aging, hair loss and obesity. Growing wealth of citizens and rising pressure to maintain physical appearance in a social media dominated world are prompting individuals to opt for various surgical and non-surgical aesthetic treatment services. Aesthetic services are increasingly finding appeal and usage across a vast number of areas such as skin pigmentation correction, scar treatment, acne treatment, psoriasis treatment, and eczema treatment. The rise in aging population has significantly increased the demand for anti-aging services. The idea of aging beautifully is a major contributing to this demand. The growing acceptance of cosmetic procedures in many cultures as an enhancement or extension of makeup has normalized its use for everyone from young teens to older adults looking for anti-aging solutions.

Strong R&D activity in this field has increased overall knowledge as well as spurred the development of bioengineered products specifically designed to treat naturally occurring skin imperfections or scars caused by acne, wounds and burns. With advances in aesthetics, consumers have access to superior enhancement treatments with less discomfort, downtime or inconvenience, and cost than before. In addition to strong demand from the domestic market, the increasing number of foreign visitors seeking beauty treatments is also a major driving force for the market. Reconstructive surgery, cosmetic surgery, and plastic surgery are a part of surgical aesthetic procedures. The common surgical cosmetic procedures include facial contouring procedures like rhinoplasty and cheek/chin enhancement; body contouring services such as liposuction, breast implants and tummy tuck; and facial rejuvenation procedures like facelift, eyebrow lift and eyelid lift. The common non-surgical cosmetic procedures include Botox, microdermabrasion and laser treatment. Reconstructive surgeries such as burn repair surgery, tissue expansion and breast reconstruction are the common types of reconstructive procedures undertaken across the world.

The rising popularity of non-invasive procedures to help reduce wrinkles, firm up the skin, and enhance facial contours is a major factor spurring growth in the market. The lower time required to undergo such procedures has augmented the appeal of aesthetic procedures. A notable example of such non-invasive procedures is Botox treatment. Botox treatments are gaining momentum driven by the rising affluence of people. Botox involves the use of a mild neurotoxin that inhibits the signals the brain sends to the affected facial muscles in order to prevent the formation of wrinkles and fine lines. The craze for Botox treatments is not just limited to women, with men also opting for Botox and dermal fillers injections. The growing desire to consistently preserve a youthful look has spurred the use of Botox injections among consumers in their 20s. Cosmetic injections is a fast-growing sector as they are considered as safer options with the least recovery time and side effects. Rejuvenating treatments have evolved from invasive face lifts and paint-stripping peels that required weeks of recovery to non-invasive treatments that give instant rejuvenation benefits with no pain or downtime using sophisticated and user-friendly devices. The ability to provide dramatic benefits without surgery has augmented the demand for rejuvenation treatments and non-surgical cosmetic procedures.

The expanding population of 25-65 years age group remains a major growth driver for the aesthetic services market, as the demand for aesthetic procedures continues to grow in this age group. A noteworthy demographic driver taking shape is the entry of younger consumers into the market hoping to preserve their youth way before the actual onset of aging process. Key factors encouraging the trend include - growing societal pressures to look young (especially pronounced among women), rising rates of divorces and second marriages, growing perception that youthful appearance and beauty are of critical importance in achieving professional and social success, and wider social acceptance of cosmetic procedures including facial aesthetic treatments. Easy access to cosmetic services, growing affordability of treatments, rising awareness levels among consumers and increasing media attention and hype represent other factors driving the trend. The sustained increase in spending on a variety of beauty and cosmetic products, particularly in emerging markets of China, Brazil and India, due partly to the rapid growth in the number of working women, is also expected to fuel growth in the aesthetic services market.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 498. Among this pool, 102 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 22 unique participations, a total of 11 validated responses were received as part of this report's primary research outreach program.

Key Competitors Covered in the Report -
Allergan PLC
Galderma SA
Cynosure, A Hologic Company
Cutera, Inc.
Fotona d.o.o
Bausch Health Companies Inc.
Establishment Labs S.A.
GC Aesthetics
human med AG
Alma Lasers Ltd.

Segments Covered in the Report -
Procedure (Surgical, Non-Surgical)
Service Type (Breast Augmentation, Liposuction, Dermal Filler & Botox Injection, Body Contouring & Cellulite Treatment, Laser Hair Removal, Chemical Peel, Other Service Types)
End-Use (Hospitals, Dermatology Clinics & Cosmetic Centers, Ambulatory Surgery Centers)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Rest of World.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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