North America Aesthetic Services Market to Reach US$ 28,152.1 Million by 2024; Growing Demand for Retaining Young and Beauty is Expected to Increase the Overall Market Share in the United States

ALBANY, New York, March 28, 2017 /PRNewswire/ --

According to the report, the North America aesthetic Services Market was valued at US$ 14,409.0 Mn in 2015 and is projected to expand at a CAGR of 7.7% from 2016 to 2024 to reach US$ 28,152.1 Mn in 2024 finds Transparency Market Research (TMR). This report offers a thorough understanding of the North America aesthetic services market, its key market trends, drivers, restraints, opportunities, threats, and volume.

Increasing disposable incomes are raising the standard of living of many people in the developed and economies like U.S. According to WHO statistics, in 2013, U.S. was at top of the list, with around US$ 8,713 per person spent on health care expenditure, which was way above OECD average of US$ 3,453. The changing economic environment has resulted in more aesthetic services expenditure, increased demand for quality aesthetic services, and premium priced Services Types, thus resulting into remarkable growth rate of body contouring segment. Additionally, growing number of skin diseases across all age-groups and rising expenditure on personal care are driving demand for aesthetic procedures in U.S.

Geographically, North America aesthetic services market has been categorized into The U.S. and Canada. The U.S. was the most attractive market in 2015. The U.S. accounted for 95% share of the North America aesthetic services market in 2015 and is projected to expand at CAGR of 7.9% during the forecast period of 2016-2024. Rising awareness and adoption of various aesthetic services, growing health care infrastructure, rising incidence of skin disorders are anticipated to boost the growth of the market in the region during the forecast period.

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Based on the services, the U.S. aesthetic services market has been further segmented into major sub segments namely, surgical services, non-surgical services and reconstructive procedures. Between these segments, surgical services accounted for 43.6% market share (in terms of revenue), in 2015. While, the same segment hold 38.9% share of Canada aesthetic services market, in 2015. The increase in beauty consciousness among consumers, various technological advancements in terms of products and the materials used and increasing awareness about aesthetic procedures are some of the factors boosting the growth of this segment.

The U.S. population is growing older as the baby boomer generation ages. The older population numbered 41.5 Million in 2012, around 13.4% of the U.S. population. According to estimates from the Department of Health & Human Services, by 2030 there will be about 72.1 million geriatric population, which is more than twice the number from 2000. The aging population is a favorable dynamic for the aesthetic services industry as aging leads to a loss of collagen and facial fat and this process can be reversed by facial aesthetic procedures. New trends in the facial aesthetics industry are focusing on development of less invasive and noninvasive dermal fillers that can help to address aging more efficiently. Rising demand for non-surgical dermal fillers was observed in the U.S. and the respective segment dominated non-surgical aesthetic services market in 2015, with 68.7% of market share.

The aesthetics industry is dynamic as large players typically rely on a mix of organic and inorganic opportunities to expand their aesthetic services portfolio and drive growth. Merger and acquisition activity is robust, yielding benefits that include increased market share, cost-efficient entry into new market segments and geographies, and access to a specialized sales force. Key players operating in the U.S. aesthetic services market are focusing on mergers and acquisitions to increase their service offering portfolio and regional expansion. On 3rd January 2017, Advanced Dermatology and Cosmetic Surgery announced acquisition of Castle Dermatology and Laser Center. Through this acquisition, Advanced Dermatology and Cosmetic Surgery has expanded its presence in Northern Colorado. On other hand, Canada based dermatologist have started investing in digital marketing to attract young generation who accounts for around 27% consumer base.

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Major aesthetic service providers operating in North America aesthetic services market are Advanced Dermatology and Cosmetic Surgery, Riverchase Dermatology and Cosmetic Surgery, Dermatology solutions group, The Plastic Surgery Clinic, Cosmetic & Aesthetic Plastic Surgery Clinic Toronto, The MedSpa Southwest Plastic Surgery, Riverside Plastic Surgery, Marina Plastic Surgery, DCDermDocs, Quatela Center for Plastic Surgery

For the study, the North America Aesthetic Services Market has been segmented as follows:   

• North America Aesthetic services Market, by Services Type,  
• Surgical Services
  • Skin Tightening and Body Contouring
  • Facial contouring
  • Facial rejuvenation
  • Others
• Non-Surgical Services
  • Dermabrasion and Microdermabrasion
  • Dermal Fillers
    • Botox
    • Dermal Fillers
    • Other
  • Laser treatment
    • Scar Treatment
    • Tattoo Removal
    • Hair Removal
  • Others
• Reconstructive Procedures
  • Breast Enhancement
  • Tissue expansion
  • Burn repair surgery
  • Others
• North America Aesthetic services Market, by End-user,  
  - Hospitals 
  - Dermatology Clinics and Cosmetic Centres 
  - Ambulatory Surgery Centres
• North America Aesthetic services Market, by Region,  
  - North America 
  • The U.S.
  • Canada

Browse Related Research Report:  

Medical Aesthetic Devices Market (Product - Aesthetic Laser and Energy Devices, Skin Tightening and Body Contouring Devices, Aesthetic Implants, and Facial Aesthetic Devices; Application - Facial and Body Contouring, Facial and Skin Rejuvenation, Breast Enhancement, Scar Treatment, Reconstructive Surgery, Tattoo Removal, and Hair Removal) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

http://www.transparencymarketresearch.com/medical-aesthetics.html

Asia, Europe, and South America Anti-aging Market (By Products: UV Absorbers, Dermal Fillers, Botox, Anti-stretchmark, Hair Color, and Anti-wrinkle By Services: Anti-pigmentation, Anti-adult Acne, Breast Augmentation, Liposuction, Abdominoplasty, Chemical Peel, Eye Lid Surgery, Hair Restoration, and Sclerotherapy; By Devices: Anti-cellulite Treatment, Microdermabrasion, Laser Aesthetic, and Radio Frequency) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

http://www.transparencymarketresearch.com/asia-europe-south-america-anti-aging-market.html

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