The aesthetic market in US market to grow at a CAGR of 8.09% during the period 2017-2021.
This report, Aesthetic Market in US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is emergence of combination treatments. The combination of various plastic or cosmetic surgeries has become a new trend in the aesthetic market. Surgeons have started adopting a combination of surgical and non-surgical ocedures to ovide more comehensive results.
According to the report, one of the major drivers for this market is shift from invasive to minimally invasive and non-invasive ocedures. Minimally invasive and non-invasive ocedures are techniques that limit the size of incisions and therefore lowers pain and scarring, enable speedy recovery, and reduce the incidence of post-surgical complications such as adhesions and wound dehiscence.
Further, the report states that one of the major factors hindering the growth of this market is high cost. The adoption rate of aesthetics oducts is low in the middle-income group due to the high cost. For instance, the ice for dermal fillers ranges from $400 to $1,500. The average ice of dermal facial fillers is apoximately $950. Moreover, the cost of the treatments is high because of the monopolistic nature of the market. For instance, ALLERGAN has acquired most of the market for facial aesthetics. Thus, the market lacks competitive icing. Further, most vendors target their oducts for the high-income and upper-middle-class patients.