The Aesthetic Services Global Market Report 2023, provides comprehensive information on the aesthetic services market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Aesthetic Services Global Market Report 2023, the global aesthetic services market is expected to grow from $16.63 billion in 2022 to $17.98 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The aesthetic services market is expected to reach $23.87 billion in 2027 at a CAGR of 7.3%.
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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.
The aesthetic services market 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
North America was the largest region in the aesthetic services market in 2022.
The table of contents in TBRC’s aesthetic services market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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