The demand for the aesthetics market is growing for which healthcare providers are now primarily more focused and they are developing and launching new products in the market. The growing demand for hair removal procedures, numerous market players are launching several new products in the market to capitalize on them. The market is anticipated to witness significant growth, boosted by the increasing establishment of medical spas in Europe and rising patient demand for minimally and non-invasive body contouring procedures.
Data Bridge Market Research analyses a growth rate in the Central Europe aesthetics market in the forecast period 2023-2030. The expected CAGR of aesthetics market is tend to be around 9.4% in the mentioned forecast period. The market is valued at USD 1675.29 million in 2022, and it would grow upto USD 3437.39 million by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Aesthetics consists of all medical procedures that improve the physical appearance and satisfaction of the patient. It includes all medical treatments that are primarily focused on enhancing the cosmetic appearance of patients. This aesthetics include devices that are used for performing minimally invasive procedures and non-invasive procedures and topical drugs. Some procedures are performed under local anaesthesia, while others don't require anaesthetics.
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Drivers
- Increasing Rate of Surgical Procedures
Healthcare professinals will increase cellulite reduction and skin tightening due to these high-margin business of the aesthetics. For instance, according to the International Society of Aesthetic Plastic Surgery (ISAPS) 2019 statistics, Germany's total number of procedures stood at 983,432. It was witnessed that the most common surgical procedure in Germany is Breast Augmentation, Liposuction, Eyelid Surgery, Abdominoplasty, and Breast Lift with 66,972; 62,865; 44,592; 24,280; 19,712 procedures, respectively. In addition to this, according to the British Association Of Aesthetic Plastic Surgeons 2020 data, breast augmentation is the most common procedure in the U.K. among women, which is followed by breast reduction and eyelid surgery. Thus, this factor increases the growth of the market.
- Increasing Product Launches
Rising demand for hair removal procedures are letting numerous market players launch new products to capitalize on them. For instance, Cynosure launched the Elite iQ platform in the European market in 2020. The platform provides customized laser hair removal treatments and permanently decreases unwanted hair in all skin types. Thus, the development of new products with advanced technologies and increasing demand are estimated to boost the market growth in the European countries.
Opportunities
- Growing Physical Consciousness Among Millennials
In Europe, the increasing popularity of beauty clinics has augmented the demand for different beauty devices for better treatment services. Increasing physical consciousness among millennials has boosted the need for alternative methods such as regular hair trimming and body hair shaving. For instance, according to the American Society of Plastic Surgeons (ASPS), in Italy, the number of hair removal procedures was reported to be 30,483 in 2019. Likewise, about 25,265 hair removal procedures were performed in France. Thus, this factor boosts the market growth.
Restraints/Challenges
- High Cost of Surgeries
There are various side effects associated with aesthetic surgeries that impede the market growth. There are different surgeries such as body lift which is the most expensive plastic surgery with a price range between $7,000 – $30,000. Furthermore, plastic surgery is often considered as an aesthetic operation, therefore it comes at a high price. These all factors hamper the growth of the market.
This aesthetics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aesthetics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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