The report titled “Aesthetic Services Market - Growth, Future Prospects, and Competitive Analysis, 2023 – 2030" offers strategic insights into the overall aesthetic services market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on type of services, and different geographies. On the basis of demographics earlier baby boomers were considered as the key consumers of aesthetic services but the trend has been observed to slightly shift towards millennials due to increasing awareness associated with cosmetic wellbeing and easy access to modern aesthetic service providing organizations. According to market experts, beauty standards have changed over the past decade and so has the way consumers take care of themselves. The key factors driving the overall aesthetic services market are rising demand for body feature enhancement services, increasing sedentary lifestyle is fueling the obese population, and increasing geriatric population equipped high disposable capital.

For the purpose of this study, the global aesthetic services market is segmented on the basis of service type into body contouring and cellulite treatment, liposuction, abdominoplasty, dermal filler and Botox injection, laser hair removal, microdermabrasion, microneedling, chemical peel, hair transplantation, rhinoplasty, breast augmentation, skin tightening, and others (facelift, laser tattoo removal, laser vein treatments, and light therapies). 

The geographical segmentation of aesthetic services market comprised regions such as North America, Europe, Asia-Pacific, Latin America & Middle East and Africa. Each geographical region is further split to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, Brazil, and GCC countries. Market size and forecast for these segments during 2020 to 2030 and their CAGRs for the period 2023 to 2030 are provided in this report.

The aesthetic services market is observed as the most diversified and competitive market comprising large number of players.  The market is dominated by several players, depending on their major competencies. The key players in this market are Human Med AG, Alcon Inc., Biosil Ltd., Cynosure Inc., Genzyme Corporation, Allergen Plc, and Lumentis Ltd. and Others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Aesthetic Services market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Aesthetic Services market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Aesthetic Services market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Aesthetic Services market?
• Which is the largest regional market for Aesthetic Services market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Aesthetic Services market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Aesthetic Services market worldwide?