The demand for aesthetic wellness services is increasing rapidly with time to improve the physical appearance and treatment of skin disorders. Aesthetic wellness services include non-invasive and minimally invasive cosmetic procedures.
Aesthetic wellness and cosmetic surgery is an exciting field and a new trend in modern medicine. Nowadays, people not only want to be healthy as well as wants to look fit, want to live life at fullest and also to reduce the effects of normal aging. However, potential health risk associated with procedures and poor reimbursement scenario expected to hamper the growth of the aesthetic wellness market. Aesthetic wellness products and services focus on refining cosmetic appearance through the treatment of conditions skin disorder and aging problems.
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Aesthetic wellness services are provided for different are of the body such as the face, neck, head and different areas of the body. Different type of aesthetic wellness services is offered such as facial contouring, breast enhancement, laser therapy, skin rejuvenation, body contouring.
According to the International Society of Aesthetic Plastic Surgery (ISAPS) around 9,645,395 surgical procedures and 10,591,506 non-surgical procedures, aesthetic treatment procedures are performed worldwide in 2014. Non-invasive surgical procedures and laser therapy aesthetic wellness services are gaining higher popularity.
Aesthetic Wellness Market: Drivers and Restraints-
Increasing demand for aesthetic products and services for treatment of skin related issues expected to favors the growth of the aesthetic wellness market.
Some the factor such as lesser side effects associated with laser therapy, increasing aging population are expected to drive the growth of the aesthetic wellness market. Increasing number of skin problems, burn injury cases are propelling the growth of the aesthetic wellness market. Increasing disposable income, lifestyle changes expected to favor the growth of the aesthetic wellness market.
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Moreover, increasing demand for the non-invasive procedures and minimally invasive surgeries boost up the growth of the aesthetic wellness market. Products such as Botox are two major non-invasive procedures that register high demand among end users. Continuous product innovation and increasing demand for procedures directly impact the growth of the aesthetic wellness market.
Aesthetic Wellness Market: Segmentation
On the basis of procedure type, aesthetic wellness market can be segmented as:
- Surgical Procedures
- Skin Tightening and Body Contouring
- Facial contouring
- Facial rejuvenation
- Non-Surgical Procedure
- Dermabrasion and Microdermabrasion
- Dermal Fillers
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- Reconstructive Procedures
- Breast Enhancement
- Tissue expansion
- Burn repair surgery
- Laser treatment
- Hair Removal
On the basis of end user, aesthetic wellness market can be segmented as:
- Dermatology Clinics
- Spas and Beauty Centers
- Skin & Laser Surgery Centers
Aesthetic Wellness Market: Overview
On the basis of type of procedure type laser treatment and non-invasive procedure are expected to grow with the significant growth rate over the forecast period. Botulinum Toxin (Botox) is extensively used over dermal fillers product as Botox has advantages over dermal fillers and offers effective results. Rising interest in facial aesthetic wellness is anticipated to propel the growth of the aesthetic wellness market during the forecast period. Moreover, surgical procedure are also gaining popularity as higher demand for breast enhancement and facial rejuvenation.
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Aesthetic Wellness Market: Region-wise Outlook
In terms of geography, the market has been divided into seven regions including North- America, Eastern Europe, Western Europe, and Asia- Pacific excluding & Japan (APEJ), Japan, Middle-East & Africa, and Latin America. North America is the most dominating market for Aesthetic Wellness market due to higher demand for aesthetic wellness services as compared to other region and increasing number of cosmetic surgeries. Western European expected to contribute the second largest revenue share in aesthetic wellness market owing to rising demand for skin care services and better lifestyle.
The Asia Pacific excluding Japan aesthetic wellness market is expected to gain a high growth rate over the forecast period due to increasing healthcare expenditure and disposable income. Countries in the Asia Pacific such as Australia, Japan, Singapore, South Korea, India, and China are expected to be the fastest growing regions owing to the growing demand for aesthetic wellness products and services.
Aesthetic Wellness Market: Key Market Participants
Example of some service provider participants in global aesthetic wellness market identify across the value chain are Sincere Healthcare Group Pte Ltd., Aesthetic & Wellness Solutions, Global Wellness Group, SANTÉ Aesthetics and Wellness, Naples Aesthetics & Wellness Institute, Amethyst Wellness, Nu Image Aesthetics & Wellness Institute, Sage Aesthetics & Wellness, LLC, Florida Aesthetics and Wellness, IRevive Health & Wellness and others.
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