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Report
South Korea Anti-Aging Services & Devices Market Forecast 2024-2032
Market Report I 2023-12-23 I 145 Pages I Inkwood Research
KEY FINDINGS
The South Korea anti-aging services & devices market is expected to register a CAGR of 11.33% during the forecast period, 2024-2032. The market growth is boosted by several factors such as preventive approach and early adoption of anti-aging treatments among younger generations, the growing aging population, and demand for minimally invasive and non-invasive treatments.
MARKET INSIGHTS
The South Korea anti-aging services & devices market is witnessing a transformative shift driven by a preventive approach and the early embrace of anti-aging treatments, particularly evident among the younger demographic. This cultural inclination towards proactive skincare fuels market demand for innovative solutions. The nation evolves with a growing aging population, intensifying the need for effective anti-aging interventions. The market grows on the widespread preference for minimally invasive and non-invasive treatments, reflecting a trend toward less intrusive yet effective procedures in the pursuit of youthful aesthetics. Consequently, these factors are set to promote the market's growth in the United Kingdom during the forecast period.
Despite challenges like insufficient clinical data hindering understanding and acceptance of anti-aging treatments and a lack of reimbursement policies with concerns about side effects, the South Korea market prospers. The surge in handheld device adoption, a rise in medical tourism, and a growing focus on personalization and customization propel market growth.
COMPETITIVE INSIGHTS
Some of the eminent companies in the South Korea anti-aging services & devices market include AbbVie, Hugel Inc, Merz Pharma, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. COUNTRY SNAPSHOT
2.3. COUNTRY ANALYSIS
2.4. SCOPE OF STUDY
2.5. CRISIS SCENARIO ANALYSIS
2.5.1. IMPACT OF COVID-19 ON ANTI-AGING SERVICES & DEVICES MARKET
2.6. MAJOR MARKET FINDINGS
2.6.1. FAVOURABLE REGULATORY APPROVALS ADD TO MARKET GROWTH
2.6.2. SMART TECHNOLOGY IS NOW A BIG PART OF BEAUTY INDUSTRY
2.6.3. INFLATING COSMETIC TOURISM ADDS TO THE DEMAND FOR ANTI-AGING SERVICES & DEVICES
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. PREVENTIVE APPROACH AND EARLY ADOPTION OF ANTI-AGING TREATMENTS AMONG YOUNGER GENERATIONS
3.1.2. GROWING AGING POPULATION
3.1.3. DEMAND FOR MINIMALLY INVASIVE AND NON-INVASIVE TREATMENTS
3.2. KEY RESTRAINTS
3.2.1. INSUFFICIENT CLINICAL DATA
3.2.2. LACK OF REIMBURSEMENT POLICIES SUPPORTING AESTHETIC TREATMENTS
3.2.3. CONCERNS REGARDING THE SIDE EFFECTS OF AESTHETIC TREATMENTS
4. KEY ANALYTICS
4.1. KEY MARKET TRENDS
4.1.1. SURGE IN ADOPTION OF HANDHELD ANTI-AGING DEVICES
4.1.2. RISE IN MEDICAL TOURISM
4.1.3. PERSONALIZATION AND CUSTOMIZATION IN ANTI-AGING SERVICES & DEVICES
4.2. PEST ANALYSIS
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. GROWTH PROSPECT MAPPING
4.4.1. GROWTH PROSPECT MAPPING FOR SOUTH KOREA
4.5. MARKET MATURITY ANALYSIS
4.6. VALUE CHAIN ANALYSIS
4.6.1. RAW MATERIAL SOURCING
4.6.2. MANUFACTURING AND PRODUCTION
4.6.3. DISTRIBUTORS AND LOGISTICS
4.6.4. RETAILERS AND END-USERS
4.7. KEY BUYING CRITERIA
4.7.1. COST
4.7.2. TECHNOLOGY
4.7.3. USABILITY
4.7.4. BRAND NAME
5. MARKET BY AGE GROUP
5.1. 18-34 YEARS OLD
5.1.1. MARKET FORECAST FIGURE
5.1.2. SEGMENT ANALYSIS
5.2. 35-50 YEARS OLD
5.2.1. MARKET FORECAST FIGURE
5.2.2. SEGMENT ANALYSIS
5.3. 51-64 YEARS OLD
5.3.1. MARKET FORECAST FIGURE
5.3.2. SEGMENT ANALYSIS
5.4. 65 YEARS OR OLDER
5.4.1. MARKET FORECAST FIGURE
5.4.2. SEGMENT ANALYSIS
6. MARKET BY USER DEMOGRAPHIC
6.1. MALE
6.1.1. MARKET FORECAST FIGURE
6.1.2. SEGMENT ANALYSIS
6.2. FEMALE
6.2.1. MARKET FORECAST FIGURE
6.2.2. SEGMENT ANALYSIS
7. MARKET BY DEVICE TYPE
7.1. PROFESSIONAL STAND-ALONE DEVICE
7.1.1. MARKET FORECAST FIGURE
7.1.2. SEGMENT ANALYSIS
7.2. DIRECT-TO-CONSUMER DEVICE
7.2.1. MARKET FORECAST FIGURE
7.2.2. SEGMENT ANALYSIS
8. MARKET BY TREATMENT
8.1. ANTI-CELLULITE TREATMENT
8.1.1. MARKET FORECAST FIGURE
8.1.2. SEGMENT ANALYSIS
8.2. ANTI-WRINKLE TREATMENT
8.2.1. MARKET FORECAST FIGURE
8.2.2. SEGMENT ANALYSIS
8.3. ANTI-PIGMENTATION TREATMENT
8.3.1. MARKET FORECAST FIGURE
8.3.2. SEGMENT ANALYSIS
8.4. SKIN RESURFACING TREATMENT
8.4.1. MARKET FORECAST FIGURE
8.4.2. SEGMENT ANALYSIS
8.5. OTHER TREATMENTS
8.5.1. MARKET FORECAST FIGURE
8.5.2. SEGMENT ANALYSIS
9. MARKET BY DEVICE
9.1. EXFOLIATION DEVICE
9.1.1. MARKET FORECAST FIGURE
9.1.2. SEGMENT ANALYSIS
9.2. LASER DEVICE
9.2.1. MARKET FORECAST FIGURE
9.2.2. SEGMENT ANALYSIS
9.3. LED/LIGHT THERAPY DEVICE
9.3.1. MARKET FORECAST FIGURE
9.3.2. SEGMENT ANALYSIS
9.4. MICRODERMABRASION DEVICE
9.4.1. MARKET FORECAST FIGURE
9.4.2. SEGMENT ANALYSIS
9.5. MICRONEEDLING DEVICE
9.5.1. MARKET FORECAST FIGURE
9.5.2. SEGMENT ANALYSIS
9.6. NANO-CURRENT & MICRO-CURRENT DEVICE
9.6.1. MARKET FORECAST FIGURE
9.6.2. SEGMENT ANALYSIS
9.7. PULSED LIGHT DEVICE
9.7.1. MARKET FORECAST FIGURE
9.7.2. SEGMENT ANALYSIS
9.8. RADIOFREQUENCY DEVICE
9.8.1. MARKET FORECAST FIGURE
9.8.2. SEGMENT ANALYSIS
9.9. ULTRASOUND DEVICE
9.9.1. MARKET FORECAST FIGURE
9.9.2. SEGMENT ANALYSIS
9.10. OTHER DEVICES
9.10.1. MARKET FORECAST FIGURE
9.10.2. SEGMENT ANALYSIS
10. MARKET BY END-USER
10.1. DERMATOLOGY CLINICS
10.1.1. MARKET FORECAST FIGURE
10.1.2. SEGMENT ANALYSIS
10.2. HOSPITALS
10.2.1. MARKET FORECAST FIGURE
10.2.2. SEGMENT ANALYSIS
10.3. REJUVENATION CENTERS
10.3.1. MARKET FORECAST FIGURE
10.3.2. SEGMENT ANALYSIS
10.4. HOME USE
10.4.1. MARKET FORECAST FIGURE
10.4.2. SEGMENT ANALYSIS
11. COMPETITIVE LANDSCAPE
11.1. KEY STRATEGIC DEVELOPMENTS
11.1.1. MERGERS & ACQUISITIONS
11.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
11.2. COMPANY PROFILES
11.2.1. ABBVIE
11.2.1.1. COMPANY OVERVIEW
11.2.1.2. PRODUCT LIST
11.2.1.3. STRENGTHS & CHALLENGES
11.2.2. DAEWOONG PHARMACEUTICAL CO LTD
11.2.2.1. COMPANY PROFILE
11.2.2.2. PRODUCT LIST
11.2.2.3. STRENGTHS & CHALLENGES
11.2.3. HUGEL INC
11.2.3.1. COMPANY OVERVIEW
11.2.3.2. PRODUCT LIST
11.2.3.3. STRENGTHS & CHALLENGES
11.2.4. MEDYTOX INC
11.2.4.1. COMPANY OVERVIEW
11.2.4.2. PRODUCT LIST
11.2.4.3. STRENGTHS & CHALLENGES
11.2.5. MERZ PHARMA
11.2.5.1. COMPANY OVERVIEW
11.2.5.2. PRODUCT LIST
11.2.5.3. STRENGTHS & CHALLENGES
LIST OF TABLES
TABLE 1: SOUTH KOREA MARKET SNAPSHOT - ANTI-AGING SERVICES & DEVICES
TABLE 2: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY AGE GROUP, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY AGE GROUP, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 4: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY USER DEMOGRAPHIC, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY USER DEMOGRAPHIC, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 6: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY DEVICE TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY DEVICE TYPE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 8: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY TREATMENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 9: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY TREATMENT, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 10: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY DEVICE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 11: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY DEVICE, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 12: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 13: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 14: LIST OF MERGERS & ACQUISITIONS
TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR SOUTH KOREA
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, GROWTH POTENTIAL, BY AGE GROUP, IN 2023
FIGURE 6: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY 18-34 YEARS OLD, 2024-2032 (IN $ MILLION)
FIGURE 7: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY 35-50 YEARS OLD, 2024-2032 (IN $ MILLION)
FIGURE 8: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY 51-64 YEARS OLD, 2024-2032 (IN $ MILLION)
FIGURE 9: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY 65 YEARS OR OLDER, 2024-2032 (IN $ MILLION)
FIGURE 10: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, GROWTH POTENTIAL, BY USER DEMOGRAPHIC, IN 2023
FIGURE 11: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY MALE, 2024-2032 (IN $ MILLION)
FIGURE 12: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY FEMALE, 2024-2032 (IN $ MILLION)
FIGURE 13: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, GROWTH POTENTIAL, BY DEVICE TYPE, IN 2023
FIGURE 14: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY PROFESSIONAL STAND-ALONE DEVICE, 2024-2032 (IN $ MILLION)
FIGURE 15: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY DIRECT-TO-CONSUMER DEVICE, 2024-2032 (IN $ MILLION)
FIGURE 16: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, GROWTH POTENTIAL, BY TREATMENT, IN 2023
FIGURE 17: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY ANTI-CELLULITE TREATMENT, 2024-2032 (IN $ MILLION)
FIGURE 18: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY ANTI-WRINKLE TREATMENT, 2024-2032 (IN $ MILLION)
FIGURE 19: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY ANTI-PIGMENTATION TREATMENT, 2024-2032 (IN $ MILLION)
FIGURE 20: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY SKIN RESURFACING TREATMENT, 2024-2032 (IN $ MILLION)
FIGURE 21: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY OTHER TREATMENTS, 2024-2032 (IN $ MILLION)
FIGURE 22: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, GROWTH POTENTIAL, BY DEVICE, IN 2023
FIGURE 23: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY EXFOLIATION DEVICE, 2024-2032 (IN $ MILLION)
FIGURE 24: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY LASER DEVICE, 2024-2032 (IN $ MILLION)
FIGURE 25: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY LED/LIGHT THERAPY DEVICE, 2024-2032 (IN $ MILLION)
FIGURE 26: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY MICRODERMABRASION DEVICE, 2024-2032 (IN $ MILLION)
FIGURE 27: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY MICRONEEDLING DEVICE, 2024-2032 (IN $ MILLION)
FIGURE 28: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY NANO-CURRENT & MICRO-CURRENT DEVICE, 2024-2032 (IN $ MILLION)
FIGURE 29: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY PULSED LIGHT DEVICE, 2024-2032 (IN $ MILLION)
FIGURE 30: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY RADIOFREQUENCY DEVICE, 2024-2032 (IN $ MILLION)
FIGURE 31: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY ULTRASOUND DEVICE, 2024-2032 (IN $ MILLION)
FIGURE 32: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY OTHER DEVICES, 2024-2032 (IN $ MILLION)
FIGURE 33: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023
FIGURE 34: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY DERMATOLOGY CLINICS, 2024-2032 (IN $ MILLION)
FIGURE 35: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY HOSPITALS, 2024-2032 (IN $ MILLION)
FIGURE 36: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY REJUVENATION CENTERS, 2024-2032 (IN $ MILLION)
FIGURE 37: SOUTH KOREA ANTI-AGING SERVICES & DEVICES MARKET, BY HOME USE, 2024-2032 (IN $ MILLION)
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