
Published On: Jul 2021
Published On: Jul 2021
The injectables segment by procedure is estimated to lead the market growth during the forecast period.
According to a new market research study of “Asia Pacific Non-Invasive Aesthetic Treatment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Procedure, End User and Country.” The Asia Pacific non-invasive aesthetic treatment market is expected to reach US$ 3,927.20 million by 2028 from US$ 1,470.31 million in 2021; it is estimated to grow at a CAGR of 15.1% from 2021 to 2028. The report highlights trends prevailing in the Asia Pacific non-invasive aesthetic treatment market and the factors driving market along with those that act as hindrances.
The Asia Pacific non-invasive aesthetic treatment market based on the procedure was segmented into injectables, skin rejuvenation, and others. In 2020, the injectables segment held the largest share of the market, and same segment is expected to grow at the fastest rate during the coming years.
Non-invasive aesthetic treatments have gained popularity in the past few years due to advantages such as minimal downtime, no scars, low cost, and less complications. The popularity and acceptance of these procedures is mainly attributed to their non-invasiveness. Besides, it has been proved that the accuracy rate of minimally invasive surgeries is greater than that of open surgeries. Non-surgical cosmetic procedures do not involve making surgical incisions and usually are considered minimally invasive. Several manufacturers are working on advanced non-invasive aesthetic treatment products. In October 2020, Alma launched its latest Alma Hybrid platform, designed to explore multiple possibilities of using ablative, non-ablative, and thermal treatments, along with testing their synergistic impact, on skin rejuvenation and scar revision. Therefore, the availability of user-friendly, technologically advanced non-invasive aesthetic treatment products is fuelling the growth of the Asia Pacific non-invasive aesthetic treatment market. On the other hand, continuously upgrading technology landscape creates a room for improvements in the existing products. This provides significant opportunities to dermatological and medical platform providers to bring innovations in their offerings. Moreover, the demand for customized treatment options has always served wider growth opportunities for market players. Therefore, ongoing technological developments in laser systems and prospering medical tourism sector are offering significant opportunities for the future growth of Asia Pacific aesthetic laser treatment market players.
Countries in Asia-Pacific are witnessing massive challenges due to the growing COVID-19 cases. To prevent the spread of virus, restrictive measures have been taken in countries such as India, South Korea, Singapore, Malaysia, and the Philippines. Considering the economic operations and geographic condition, the outbreak has affected medical tourism and manufacturing of medical equipment, laser systems, accessories. Asia-Pacific low-income countries are experiencing the shortage of healthcare infrastructure. Also, the ongoing COVID-19 pandemic has created a seismic shift in living and cosmetic habits in the region, and the beauty industry has borne a significant brunt of this shopper shake-up. This scenario is likely to have negative impact on the non-invasive aesthetic treatment market in Asia Pacific countries.
The growth of the market is attributed to a few key driving factors such as availability of technologically advanced products and proliferation of medical tourism across developing countries. However, clinical risks and complications associated with medical aesthetic procedures are hindering the market growth.
Galderma, Alma Lasers, Merz Pharma, Bausch Health Companies Inc., Cutera Inc., AbbVie Inc., Candela Medical and Johnson and Johnson Services, Inc. are among the leading companies operating in the Asia Pacific non-invasive aesthetic treatment market.
The report segments in Asia Pacific Non-Invasive Aesthetic Treatment Market as follows:
By Procedure
By End User
By Country