The Korean medical aesthetics market size is expected to reach a value of USD 4.4 billion by 2027, expanding at a CAGR of 13.3%, according to a new report by Grand View Research, Inc. Korea is known as the plastic surgery capital of the world. Korea is one of the highly populated countries in the world. The major factors propelling the market are increasing desire for beauty, the rise of medical tourism, the influence of K-pop beauty, and technological advancement.
Appearance
and beauty are institutionalized in the culture of Korea. The number of both
non-invasive and non-invasive surgeries is high in Korea. Eyelid surgery is the
most popular surgery as Koreans have monolid eyes. Monolid eyes are those eyes
that have no crease on the eyelid. In addition, eyelid surgery is cheaper and
has a shorter recovery time in comparison to other surgeries. Initially, Korea
was known to have more facial surgeries. However, other procedures such as body
contouring, lifting, Botox, and fillers are gaining popularity owing to easy
access to non-invasive surgeries. Also, the entry barrier for performing these
surgeries is low as anyone with a medical license is permitted to perform these
surgeries. Korean men are also undergoing aesthetic procedures such as
anti-aging, jaw surgeries, facial contouring, and blepharoplasty.
With
the rising geriatric population in Korea, many people above the age of 40 are
undergoing aesthetic treatment in order to look younger. Apart from astounding
invasive and non-invasive procedures, Korea is known for innovating and
developing new minimally invasive methods. For instance, Blue Rose thread
facelifts. In this procedure, a series of self-dissolving threads are inserted
near the hairline to tighten the skin.
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Korea Medical
Aesthetics Market Report Highlights
- The
non-invasive procedures segment dominated the market in 2018 and is
expected to register the fastest CAGR over the forecast period. The rise
in the number of men and women wanting to improve their aesthetic
appearance has been fueling the demand for non-invasive procedures
- Eyelid
Surgery held the largest share in the market, owing to factors such as
inexpensive procedure and quick recovery time
- Botox
injections dominated the market for medical aesthetics owing to the
increasing demand for anti-aging treatment and the urge to look younger
- Key players
of the market include Medytox; BioPlus Co., Ltd.; Daewoong Pharma;
Cynosure (Hologic, Inc); Johnson and Johnson; Galderma S.A.; Alma Lasers;
Allergan, Inc.; and Lutronic.
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Korea Medical
Aesthetics Market Segmentation
Grand View Research has
segmented the Korea medical aesthetics market on the basis of procedure type:
Korea Medical
Aesthetics Procedure Type Outlook (Revenue, USD Million, 2016 - 2027)
- Invasive Procedure
- Breast augmentation
- Liposuction
- Nose reshaping
- Eyelid Surgery
- Tummy tuck
- Others
- Non-invasive Procedure
- Botox injections
- Soft tissue fillers
- Chemical peel
- Laser hair removal
- Microdermabrasion
- Others
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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