DUBLIN, Oct. 24, 2024 (Globe Newswire) — The “Korea Medical Aesthetics Market – Intensive Insights 2024-2029” report has been added to ResearchAndMarkets.com’s offering.
The South Korean medical aesthetics market was valued at USD 572.14 million in 2023 and is expected to reach USD 1.14 billion by 2029, at a CAGR of 12.29%.
The Korean Medical Aesthetics Market report includes unique data on 40 vendors. The market consists of a mix of domestic and international players, including well-established clinics, emerging startups, and Korean cosmetics brands. Local clinics such as K-Beauty Skin Clinic ME Seoul Clinic leverage their deep understanding of the Korean consumer demographic to provide tailored treatments tailored to local tastes. Meanwhile, international brands like Allergan and Galderma bring advanced technology and products, raising the bar for quality and innovation.
Key market players include AbbVie, Bausch Health Companies, Candela, Cutera, Cynosure Lutronic, and El.En. SpA, Galderma, Johnson & Johnson, Lumenis, Merz Pharma, Sientra, Sinclair, Syslum Medical continuously introduces new beauty solutions with superior quality and technical features to stay competitive in the market. Contributing. These companies also adopt strategic business moves such as alliances, mergers, and acquisitions of small and medium-sized market players.
Market trends and drivers
Medical beauty treatments continue to advance
Advances in medical cosmetic procedures have revolutionized the field and improved efficacy, safety, and patient satisfaction. The industry has seen significant innovation in surgical and non-surgical treatments due to technological developments, increased research, and evolving patient expectations. These advances have widened the range of cosmetic procedures, making them more accessible and appealing to a wider range of people.
One of the most notable advances is in the area of non-surgical treatments. Minimally invasive procedures such as injectable neurotoxins (such as Botox) and dermal fillers are becoming extremely popular because they produce noticeable results quickly and with minimal downtime. The formulations of these injectables have been significantly improved to provide longer-lasting and more natural-looking results. Additionally, advanced techniques for administering these treatments improve accuracy and safety, reducing the risk of side effects and complications. Laser and light-based treatments have also made remarkable advances. Fractional lasers, intense pulsed light (IPL), and radiofrequency devices have become the standard in the treatment of various skin conditions such as pigmentation, scars, and wrinkles.
The rise of medical tourism in aesthetics
South Korea is emerging as a major player in the medical tourism industry, especially in the medical aesthetic field. This increase is being driven by several factors, including advanced medical technology, skilled physicians, competitive pricing, and the allure of combining medical care with a vacation in a tropical paradise. Korean aesthetic medicine clinics are increasingly adopting cutting-edge techniques and procedures. The facility is equipped with the latest equipment for laser therapy, radiofrequency, ultrasound, and other cutting-edge technologies used in skin rejuvenation, body contouring, and anti-aging treatments.
Additionally, Korean practitioners are highly trained, many with international qualifications and experience, ensuring a high standard of care and expertise. By employing these advanced techniques and practices, we have attracted patients from overseas and established a reputation for the quality and safety of our cosmetic treatments. South Korea’s natural beauty and rich cultural heritage add an attractive dimension to medical tourism. Combining treatment and vacation creates a unique and attractive proposition for foreign patients. The opportunity to explore beautiful landscapes, experience cultural richness, and rejuvenate both physically and mentally enhances South Korea’s overall attractiveness as a medical tourism destination.
The popularity of men’s aesthetic sense increases
The growing popularity of men’s aesthetics represents a major cultural shift in attitudes toward beauty, self-care, and masculinity. Traditionally, cosmetic procedures and treatments have been primarily associated with women. However, in recent years there has been a noticeable increase in the number of men seeking cosmetic treatments to improve their appearance and address specific concerns. One of the driving forces behind this trend is changing social norms and perceptions of masculinity. There is a growing recognition that self-care and grooming is not just for women, but is an essential part of everyone’s overall health.
Men are increasingly embracing the idea that taking care of their appearance through treatments such as skin care, hair growth, and body contouring can have a positive impact on their confidence and quality of life. Additionally, advances in aesthetic medicine have made the procedure more accessible and less invasive, contributing to its growing popularity among men. Non-surgical treatments such as injections (such as Botox and dermal fillers), laser hair removal, and body sculpting are now widely available. Achieve natural-looking results with minimal downtime. This is appealing to men who want to discreetly improve their appearance without requiring a long recovery period.
industry constraints
Side effects associated with aesthetic medicine
Despite advances in technology and practices aimed at reducing risk, post-surgical complications and customer complaints remain important considerations in cosmetic treatments. Complications can range from minor problems such as swelling, bruising, and temporary discomfort to more serious complications such as infection, scarring, and treatment side effects.
Cosmetic treatments can enhance your appearance and confidence, but they are not without risks. Physicians and patients alike must approach these procedures with care, transparency, and a commitment to safety to minimize complications and effectively address customer complaints. there is. This continued diligence and responsiveness is essential to maintaining trust and credibility in aesthetic medicine. To minimize complications and customer complaints, practitioners must receive comprehensive training and stay up-to-date on the latest techniques and safety protocols.
Insights into the Korean medical aesthetics market
South Korea’s medical aesthetics market is characterized by a growing preference for injectables and non-invasive procedures, especially among women aged 34 to 50. The dominance of medical spas reflects the trend of merging health and beauty treatments. As awareness and acceptance of these procedures continues to grow, the market is poised for sustained growth driven by technological advancements and evolving consumer preferences.
Product insights
Injectable segment:
The injectables segment accounts for the largest market share in the Korean aesthetic medicine market. The increasing trend of non-invasive procedures such as botulinum toxin injections and dermal fillers is increasing demand due to their convenience, minimal downtime, and effective results. Consumers are increasingly choosing injectables. Advances in injection technology and formulations will cater to a variety of aesthetic goals and further drive growth in this field.
Step-by-step insights
Non-invasive segment:
The non-invasive procedures segment has witnessed significant growth and exhibits the fastest CAGR during the forecast period. Increasing awareness and availability of non-invasive cosmetic procedures has contributed to their rise in popularity. These procedures are attractive, offering safety and efficacy benefits without requiring incisions. South Korea’s growing middle class is becoming more health-conscious and willing to invest in advanced beauty treatments, driven by social media and celebrity endorsements.
Insights on gender
Female segment:
Due to cultural change and increasing disposable income, the female segment accounts for the largest market share. Medical beauty for women is experiencing significant growth, reflecting broader trends in South Korea. Non-invasive procedures to improve appearance and maintain youthful skin are becoming increasingly popular among women. Korean woman. Increasing awareness of the benefits of non-surgical procedures has increased demand and made cosmetic treatments more widely accepted.
Application insights
Skin rejuvenation:
As the demand for non-surgical cosmetic treatments continues to rise, skin rejuvenation accounts for the largest share of the market. This segment focuses on improving skin texture, tone, and overall appearance, catering to consumers who want to maintain youthful skin. Increasing skin care awareness, improved technological advances and the rise of the middle class are contributing to the growth of skin rejuvenation treatments such as chemical peels, laser resurfacing, and microdermabrasion.
End user insights
Medical spa department:
The medical spa sector showed remarkable growth and recorded the highest CAGR during the forecast period. The medical spa combines wellness with advanced beauty treatments, offering non-surgical procedures in a luxurious setting. This model attracts a diverse clientele seeking effective yet non-invasive beauty solutions. Services offered include injections, laser treatments, skin rejuvenation and body contouring, meeting the growing demand for self-care and wellness.
Insights about age groups
34-50 years old segment:
The 34-50 year old age group accounts for the majority of the market and represents an important audience for aesthetic medicine. People in this demographic are increasingly drawn to beauty treatments to maintain a youthful appearance and boost self-confidence. With an established career and disposable income, this group has increased access to information through digital media, allowing this age group to seek safe and effective beauty treatments.
Key questions answered:
What is the size of the Korean medical aesthetics market? What is the growth rate of the Korean medical aesthetics market? What are the key drivers of the Korean medical aesthetics market? Who are the key players?
Key attributes:
Report attribute details No. Number of pages 136 Forecast period 2023 – 2029Estimated market value in 2023 (USD) 572.14 million dollars Forecast market value by 2029 (USD) 1.1471 billion Average annual growth rate 12.2% Target area South Korea
Major vendors
Abbibausch Health Companies Candelacutelica Cynosure Lutronic El Enspagal Derma Johnson & Johnson Lumenis Merz Pharmacientra Sinclair Sysram Medical
Other notable vendors
GaldermaJohnson & JohnsonBioPlus Co., Ltd.Daewoong PharmaBeijing ADSS DevelopmentHugel IncClassys IncBTL AestheticsAMI IncWontech IncILOODA Co., Ltd.Merz PharmaMedytoxUnion MedicalBeauMedAerolaseHealux CorpidsMEDDA KoreaMediconDaeyang MedicalAMTIK MEDICO Co.LaseroptekMeca Co., Ltd.HIRONICSnj Medical
For more information about this report, please visit https://www.researchandmarkets.com/r/hnlvyu.
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.
Korean medical esthetics market
