Aesthetic Services Market Projected to Reach US$3.25 Billion by 2029, Driven by Demand for Body Contouring Procedures, Says Maximize Market Research
The global aesthetic services market is expected to reach US$3.25 billion by 2029, growing at a CAGR of 10.65% during the forecast period, according to a new report by Maximize Market Research. This growth is attributed to the increasing demand for minimally invasive and non-invasive procedures, particularly for body contouring.
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Market Overview
The aesthetic services market encompasses a wide range of procedures designed to enhance a person’s appearance. These procedures can be surgical or non-surgical and address various concerns such as wrinkles, fine lines, unwanted body fat, and skin imperfections.
Market Scope
The Maximize Market Research report provides a comprehensive analysis of the global aesthetic services market landscape. It offers insights into market size estimations, growth forecasts, key trends, and market dynamics across different regions. The report also explores the impact of various segments on the overall market.
Market Segmentation: Body Contouring Leads the Way
The aesthetic services market is segmented by procedure type. Here’s a look at the key segment:
- Body Contouring: This segment is expected to witness the highest growth due to rising concerns about obesity and the desire for non-invasive fat reduction options. Factors like unhealthy lifestyles and easy access to minimally invasive procedures are driving this segment’s growth.
Market Players: A Global Landscape
The aesthetic services market features a mix of established medical device companies, pharmaceutical companies, and specialized aesthetic clinics. Here are some of the key players:
- Allergan Inc.
- Bausch Health Companies
- Cutera, Inc.
- Galderma
- Johnson & Johnson
- Lumentis Ltd.
- Leading regional aesthetic clinics
MMR Research Methodology Used
Maximize Market Research employs a robust research methodology that combines top-down and bottom-up approaches to estimate the market size. The report leverages secondary research to identify key market participants and integrates primary and secondary research to determine their market shares.
Objective of the Report
The report equips readers with a clear understanding of the global aesthetic services market landscape. It offers valuable insights into market growth drivers, challenges, and opportunities. Additionally, it provides a competitive analysis of key players and their strategies.
COVID-19 Impact
The COVID-19 pandemic caused temporary disruptions to the aesthetic services market due to clinic closures and social distancing measures. However, the report suggests that the market is on track for recovery as the demand for aesthetic procedures continues to rise, particularly for minimally invasive options.
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