Global aesthetic services market to reach $23.3 billion by 2026

Amid the COVID-19 crisis, the global market for Aesthetic Services estimated at US$16.4 Billion in the year 2020, is projected to reach a revised size of US$23.3 Billion by 2026, growing at a CAGR of 6.2 per cent over the analysis period. Surgical, one of the segments analysed in the report, is projected to record 5.6 per cent CAGR and reach US$14.2 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Surgical segment is readjusted to a revised 7 per cent CAGR for the next seven-year period. Reconstructive surgery, cosmetic surgery, and plastic surgery are a part of surgical aesthetic procedures. Growth in the surgical segment is being driven by growing demand for breast augmentation. The ability to provide dramatic benefits without surgery has augmented the demand for non-surgical cosmetic procedures.

This article appears in the Jul-Aug 2021 Issue of Aesthetic Medicine India

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This article appears in the Jul-Aug 2021 Issue of Aesthetic Medicine India