Please Wait.....
Report
China Aesthetic Devices Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 96 Pages I Mordor Intelligence
The Chinese aesthetic devices market is expected to register a CAGR of 14.34% during the forecast period 2022-2027.
As the severity of the COVID-19 pandemic increased, the safety of ablative resurfacing lasers, micro-needling, and dermatological surgery procedures became questionable. Additionally, a slowing economy and reduced discretionary spending discouraged customers from undergoing expensive cosmetic treatments, which imposed practical restrictions on the market. Mobile messaging and video consultations play a key role in maintaining continuity in aesthetic and dermatological practices. Teledermatology has certainly been a great strength for dermatologists and cosmetic practitioners alike.
Certain factors driving the market growth include the growing obese population, increasing awareness regarding aesthetic procedures, rising adoption of minimally invasive devices, and technological advancements in devices.
According to the article, "Forecasting the Populations of Overweight and Obese Chinese Adults," published by the National Institute of Health 2020, the prevalence rate of the obese population in China is estimated to increase for both sexes across geographic areas by 2030. According to the same source, by 2030, approximately 50.7% of urban males will be affected by obesity, and the overweight population (aged between 20-89 years) in China is estimated to reach 540 million.
Additionally, the Chinese population has high levels of interest in undergoing aesthetic procedures in a bid to look beautiful. This was evident in a survey conducted in 2019 by Shanghai Jiao Tong University, Shanghai, China. Conducted on 596 Chinese aesthetic practitioners, this survey found that Chinese aesthetic practitioners preferred a straight and small nose, a heart/inverted triangular facial shape with a reduced lower face height, as well as lips that are full medially and taper off laterally with well-defined borders and Cupid's bow.
New technologies are being developed and introduced into the market, including laser, dynamic pulse control, radiofrequency, and infrared technologies for cosmetic procedures. For instance, in October 2020, TensCare, the UK-based startup, entered the Chinese market through a partnership with Alibaba Group's TMall Global. TensCare is a beauty brand that offers aesthetic devices such as nail cleaning laser devices. Thus, all these developments in the market, along with the high demand for aesthetic procedures in China, are the factors anticipated to propel market growth over the forecast period.
China Aesthetic Devices Market Trends
Dermal Fillers and Aesthetic Threads Expected to Account for Major Market Share Over the Forecast Period
Dermal fillers, also known as soft tissue fillers or wrinkle fillers, are medical device implants that help create a smoother appearance in the face, including nasolabial folds, cheeks, and lips, and help increase the volume. These injectable fillers contain materials like hyaluronic acid or collagen, which give the skin's appearance a boost. Aesthetic threads are medical sutures that are injected using a needle underneath the skin to lift and rejuvenate the skin. Along with other cosmetic procedures, fillers and threads have become popular nowadays due to their various advantages.
Due to the increase in China's geriatric population and people's desire to look younger, the market studied is experiencing rapid growth. Moreover, new products are also being launched in the market to cater to the increasing demand. For instance, in 2020, Aesthetic Medical International Holdings Group Limited, based in China, also launched the Four Beauties, a new set of hyaluronic acid-based skincare products.
Many clinical trials are also being conducted in China regarding dermal fillers. This is expected to boost market growth as approval of these products would lead to their market launch. For instance, in July 2020, LG Chem launched a confirmatory clinical trial of YVOIRE Y-Solution, its premium-grade injectable hyaluronic acid filler, in China. Additionally, in August 2020, Allergan announced that the company's Juvederm VOLUX, an injectable dermal filler, started to scale-up usage and clinical data collection in the Hainan Boao Medical Pilot Zone. Thus, the above factors are expected to influence the market's growth.
China Aesthetic Devices Market Competitor Analysis
The Chinese aesthetic devices market has rapidly evolved over the past decade. The industry has observed drastic changes in terms of market strategies, such as product developments, mergers, and acquisitions, in recent years. Thus, the Chinese aesthetic devices market has become a very competitive industry.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Obese Population
4.2.2 Increasing Awareness Regarding Aesthetic Procedures and Rising Adoption of Minimally Invasive Devices
4.2.3 Technological Advancements in Devices
4.3 Market Restraints
4.3.1 Side Effects Associated With Cosmetic Procedures
4.3.2 Poor Reimbursement Scenario
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Product
5.1.1 Energy-based Aesthetic Device
5.1.1.1 Laser-based Aesthetic Device
5.1.1.2 Radiofrequency (RF) Based Aesthetic Device
5.1.1.3 Light-based Aesthetic Device
5.1.1.4 Ultrasound Aesthetic Device
5.1.2 Non-energy Based Aesthetic Device
5.1.2.1 Botulinum Toxin
5.1.2.2 Dermal Fillers and Aesthetic Threads
5.1.2.3 Microdermabrasion
5.1.2.4 Implants
5.1.2.4.1 Facial Implants
5.1.2.4.2 Breast Implants
5.1.2.4.3 Other Implants
5.1.2.5 Other Products
5.2 By Application
5.2.1 Skin Resurfacing and Tightening
5.2.2 Body Contouring and Cellulite Reduction
5.2.3 Hair Removal
5.2.4 Facial Aesthetic Procedures
5.2.5 Breast Augmentation
5.2.6 Other Applications
5.3 By End User
5.3.1 Hospitals
5.3.2 Clinics and Beauty Centers
5.3.3 Home Settings
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Sisram Medical Ltd (Alma Lasers)
6.1.2 Lumenis Inc.
6.1.3 Candela Corporation
6.1.4 Bausch Health Companies Inc.
6.1.5 Merz Pharma GmbH & Co. KGaA
6.1.6 Nestle Skin Health (Galderma Laboratories)
6.1.7 Medytox Inc.
6.1.8 Sinclair Pharma PLC
6.1.9 Abbvie Inc. (Allergan Inc)
6.1.10 Cutera Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security