Korea aesthetics market is expected to reach USD 7,962.27 thousand by 2030 from USD 2,260.54 thousand in 2022, growing at a CAGR of 17.3% in the forecast period of 2023 to 2030.
Market Segmentation
Korea Aesthetics Market, By Device (Energy Based Aesthetic Devices, Non Energy Based Aesthetic Devices), By Application (Surgical, Non- Surgical), By Brands (Skin Lifting, Botulinum Toxin, Dermal Fillers), By Gender (Male, Female), By End-User (Hospitals, Specialty Clinics, Dermatology Clinics, Medical Spas and Beauty Centers, Others), By Distribution Channel (Direct Tender, Retail Sales), country (Korea) - Industry Trends and Forecast to 2030.
Overview of Korea Aesthetics Market Dynamics
- Drivers
- Less cost of aesthetic treatments in comparison to other countries.
- Rise in medical tourism
- Restrains
- Strict regulatory guidelines
- Opportunity
- Strategic initiatives by market players
Market Players
The key market players for Korea Aesthetics market are listed below:
- AbbVie Inc.
- Daewoong Open Collaboration
- Galderma
- Cynosure Inc
- Lutronic Corporation
- Merz
- HUGEL, Inc.
- Medytox
- INMODE
- CLASSYS Inc.
- Candela Medical
- AMIINC
- WON TECH Co., Ltd.
- UNIONMEDICAL Co.,Ltd.
- Bausch Health Companies Inc.
- BISON MEDICAL
- Bluecore Company
- Hironic Co. Ltd.
- WEERO
TABLE OF CONTENTS
1 INTRODUCTION 11
- 1.1 OBJECTIVES OF THE STUDY 11
- 1.2 MARKET DEFINITION 11
- 1.3 OVERVIEW OF THE KOREA AESTHETIC MARKET 11
- 1.4 CURRENCY AND PRICING 12
- 1.5 LIMITATIONS 12
- 1.6 MARKETS COVERED 13
2 MARKET SEGMENTATION 16
- 2.1 MARKETS COVERED 16
- 2.2 GEOGRAPHICAL SCOPE 17
- 2.3 YEARS CONSIDERED FOR THE STUDY 17
- 2.4 DBMR TRIPOD DATA VALIDATION MODEL 18
- 2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 21
- 2.6 MULTIVARIATE MODELLING 22
- 2.7 DEVICES SEGMENT LIFELINE CURVE 22
- 2.8 MARKET END USER COVERAGE GRID 23
- 2.9 DBMR MARKET POSITION GRID 24
- 2.10 VENDOR SHARE ANALYSIS 26
- 2.11 SECONDARY SOURCES 27
- 2.12 ASSUMPTIONS 27
3 EXECUTIVE SUMMARY 28
4 PREMIUM INSIGHTS 30
- 4.1 PESTEL ANALYSIS 31
- 4.2 PORTER'S FIVE FORCES 32
5 KOREA AESTHETIC MARKET: REGULATORY FRAMEWORK 33
- 5.1 COMPETENT REQUIREMENTS TO PERFORM AESTHETIC PROCEDURES 33
- 5.2 REGULATION OF THE BEAUTY DOMAIN FOR PERFORMING AESTHETIC SERVICES 33
- 5.3 REGULATION OF COSMETIC-RELATED MEDICAL DEVICES 33
- 5.4 REGULATION OF AMBULATORY AMENITIES WHERE THE AESTHETIC PROCEDURES ARE PERFORMED 34
- 5.5 PROTECTION OF INDIVIDUALS UNDERGOING THE AESTHETIC PROCEDURE 34
6 MARKET OVERVIEW 35
- 6.1 DRIVERS 37
- 6.1.1 LESSER COST OF TREATMENT FOR MEDICAL AESTHETICS 37
- 6.1.2 RISE IN MEDICAL TOURISM IN KOREA 37
- 6.1.3 INCREASING AWARENESS ABOUT MEDICAL AESTHETICS 37
- 6.1.4 INCREASING USE OF MINIMALLY INVASIVE AND NON-INVASIVE PROCEDURES 38
- 6.2 RESTRAINTS 39
- 6.2.1 PRESENCE OF UNLICENSED DERMATOLOGISTS 39
- 6.2.2 SOCIAL STIGMA REGARDING AESTHETICS 39
- 6.2.3 INADEQUATE REIMBURSEMENT DEVELOPMENT 40
- 6.3 OPPORTUNITIES 41
- 6.3.1 STRATEGIC INITIATIVES BY THE MARKET PLAYERS 41
- 6.3.2 INCREASING RESEARCH AND DEVELOPMENT 41
- 6.3.3 TECHNOLOGICAL ADVANCEMENTS FOR AESTHETIC TREATMENT 42
- 6.4 CHALLENGES 42
- 6.4.1 LACK OF SKILLED EXPERTISE 42
- 6.4.2 SIDE EFFECTS ASSOCIATED WITH USE OF DERMAL FILLERS 42
- 6.4.3 APPROVALS OF STRINGENT PRODUCTS 43
7 KOREA AESTHETIC MARKET, BY DEVICES 44
- 7.1 OVERVIEW 45
- 7.2 NON ENERGY BASED AESTHETIC DEVICES 46
- 7.2.1 BOTULINUM TOXIN 46
- 7.2.2 DERMAL FILLERS AND AESTHETIC THREADS 46
- 7.2.3 IMPLANTS 46
- 7.2.4 MICRODERMABRASION 47
- 7.2.5 CHEMICAL PEELS 47
- 7.2.6 OTHERS 47
- 7.3 ENERGY BASED AESTHETIC DEVICES 47
- 7.3.1 LASER BASED AESTHETIC DEVICES 47
- 7.3.2 ULTRASOUND AESTHETIC DEVICES 47
- 7.3.3 RADIOFREQUENCY (RF) BASED AESTHETIC DEVICES 48
- 7.3.4 LIGHT BASED AESTHETIC DEVICES 48
- 7.3.5 OTHERS 48
8 KOREA AESTHETIC MARKET, BY APPLICATION 49
- 8.1 OVERVIEW 50
- 8.2 NON-SURGICAL 51
- 8.2.1 BODY CONTOURING 51
- 8.2.2 NON INVASIVE FAT REDUCTION 51
- 8.2.3 SKIN TIGHTENING 51
- 8.2.4 ACNE TREATMENTS 51
- 8.2.5 HAIR REMOVAL 52
- 8.2.6 TATTOO REMOVAL 52
- 8.2.7 OTHERS 52
- 8.3 SURGICAL 52
- 8.3.1 FACE & HEAD SURGERY 52
- 8.3.1.1 FACELIFT 53
- 8.3.1.2 BROW LIFT 53
- 8.3.1.3 FACIAL BONE CONTOURING 53
- 8.3.1.4 NECK LIFT 53
- 8.3.1.5 OTHERS 53
- 8.3.2 BREAST SURGERY 53
- 8.3.2.1 BREAST AUGMENTATION 53
- 8.3.2.2 BREAST LIFT 53
- 8.3.3 BODY & EXTREMITIES SURGERY 54
- 8.3.3.1 LIPOSUCTION 54
- 8.3.3.2 LOWER BODY LIFT 54
- 8.3.3.3 THIGH LIFT 54
- 8.3.3.4 UPPER ARM LIFT 54
- 8.3.3.5 OTHERS 54
9 KOREA AESTHETIC MARKET, BY BRANDS 55
- 9.1 OVERVIEW 56
- 9.2 BOTULINUM TOXIN 57
- 9.2.1 NABOTA 57
- 9.2.2 BOTOX 57
- 9.2.3 BOTULAX 57
- 9.2.4 MEDITOXIN 58
- 9.2.5 XEOMIN 58
- 9.2.6 OTHERS 58
- 9.3 DERMAL FILLER 58
- 9.3.1 JUVEDERM 58
- 9.3.2 RESTYLANE 58
- 9.3.3 BELOTERO 58
- 9.3.4 CHAEUM 58
- 9.3.5 OTHERS 59
- 9.4 SKIN LIFTING 59
- 9.4.1 INMODE 59
- 9.4.2 ULTHERA 59
- 9.4.3 ULTRAFORMER III 59
- 9.4.4 THERMAGE 59
- 9.4.5 OTHERS 59
- 9.5 OTHERS 59
10 KOREA AESTHETIC MARKET, BY GENDER 60
- 10.1 OVERVIEW 61
- 10.2 FEMALE 62
- 10.3 MALE 62
11 KOREA AESTHETIC MARKET, BY END USER 63
- 11.1 OVERVIEW 64
- 11.2 DERMATOLOGY CLINICS 65
- 11.3 HOSPITALS 65
- 11.4 SPECIALTY CLINICS 65
- 11.5 MEDICAL SPAS & BEAUTY CENTERS 65
- 11.6 OTHERS 65
12 KOREA AESTHETIC MARKET, BY DISTRIBUTION CHANNEL 66
- 12.1 OVERVIEW 67
- 12.2 DIRECT TENDER 68
- 12.3 RETAIL SALES 68
13 KOREA AESTHETIC MARKET: COMPANY LANDSCAPE 69
- 13.1 KOREA AESTHETIC MARKET (WITHOUT GLOBAL BASE): COMPANY LANDSCAPE 70
14 SWOT ANALYSIS 71
15 COMPANY PROFILE 72
- 15.1 ABBVIE INC. 72
- 15.1.1 COMPANY SNAPSHOT 72
- 15.1.2 REVENUE ANALYSIS 72
- 15.1.3 PRODUCT PORTFOLIO 73
- 15.1.4 RECENT DEVELOPMENTS 73
- 15.2 DAEWOONG OPEN COLLABORATION 75
- 15.2.1 COMPANY SNAPSHOT 75
- 15.2.2 REVENUE ANALYSIS 75
- 15.2.3 PRODUCT PORTFOLIO 76
- 15.2.4 RECENT DEVELOPMENTS 76
- 15.3 GALDERMA 78
- 15.3.1 COMPANY SNAPSHOT 78
- 15.3.2 PRODUCT PORTFOLIO 78
- 15.3.3 RECENT DEVELOPMENTS 78
- 15.4 CYNOSURE INC 80
- 15.4.1 COMPANY SNAPSHOT 80
- 15.4.2 PRODUCT PORTFOLIO 80
- 15.4.3 RECENT DEVELOPMENTS 81
- 15.5 LUTRONIC CORPORATION 82
- 15.5.1 COMPANY SNAPSHOT 82
- 15.5.2 PRODUCT PORTFOLIO 82
- 15.5.3 RECENT DEVELOPMENTS 82
- 15.6 AMIINC 84
- 15.6.1 COMPANY SNAPSHOT 84
- 15.6.2 PRODUCT PORTFOLIO 84
- 15.6.3 RECENT DEVELOPMENTS 84
- 15.7 BAUSCH HEALTH COMPANIES INC. 85
- 15.7.1 COMPANY SNAPSHOT 85
- 15.7.2 REVENUE ANALYSIS 85
- 15.7.3 PRODUCT PORTFOLIO 86
- 15.7.4 RECENT DEVELOPMENTS 86
- 15.8 BISON MEDICAL 87
- 15.8.1 COMPANY SNAPSHOT 87
- 15.8.2 PRODUCT PORTFOLIO 87
- 15.8.3 RCENT DEVELOPMENTS 87
- 15.9 BLUECORE COMPANY 89
- 15.9.1 COMPANY SNAPSHOT 89
- 15.9.2 PRODUCT PORTFOLIO 89
- 15.9.3 RECENT DEVELOPMENTS 89
- 15.10 CANDELA CORPORATION 90
- 15.10.1 COMPANY SNAPSHOT 90
- 15.10.2 PRODUCT PORTFOLIO 90
- 15.10.3 RECENT DEVELOPMENT 90
- 15.11 CLASSYS INC. 91
- 15.11.1 COMPANY SNAPSHOT 91
- 15.11.2 PRODUCT PORTFOLIO 91
- 15.11.3 RECENT DEVELOPMENTS 91
- 15.12 HUGEL, INC. 92
- 15.12.1 COMPANY SNAPSHOT 92
- 15.12.2 REVENUE ANALYSIS 92
- 15.12.3 PRODUCT PORTFOLIO 93
- 15.12.4 RECENT DEVELOPMENTS 93
- 15.13 HIRONIC CO., LTD. 94
- 15.13.1 COMPANY SNAPSHOT 94
- 15.13.2 PRODUCT PORTFOLIO 94
- 15.13.3 RECENT DEVELOPMENTS 95
- 15.14 INMODE 96
- 15.14.1 COMPANY SNAPSHOT 96
- 15.14.2 REVENUE ANALYSIS 96
- 15.14.3 PRODUCT PORTFOLIO 97
- 15.14.4 RECENT DEVELOPMENTS 97
- 15.15 MEDYTOX 99
- 15.15.1 COMPANY SNAPSHOT 99
- 15.15.2 PRODUCT PORTFOLIO 99
- 15.15.3 RECENT DEVELOPMENT 100
- 15.16 MERZ NORTH AMERICA, INC. (A SUBSIDIARY OF MERZ PHARMA) 101
- 15.16.1 COMPANY SNAPSHOT 101
- 15.16.2 PRODUCT PORTFOLIO 101
- 15.16.3 RECENT DEVELOPMENTS 101
- 15.17 UNIONMEDICAL CO.,LTD. 103
- 15.17.1 COMPANY SNAPSHOT 103
- 15.17.2 PRODUCT PORTFOLIO 103
- 15.17.3 RECENT DEVELOPMENTS 103
- 15.18 WEERO 104
- 15.18.1 COMPANY SNAPSHOT 104
- 15.18.2 PRODUCT PORTFOLIO 104
- 15.18.3 RECENT DEVELOPMENT 104
- 15.19 WON TECH CO., LTD. 105
- 15.19.1 COMPANY SNAPSHOT 105
- 15.19.2 PRODUCT PORTFOLIO 105
- 15.19.3 RECENT DEVELOPMENTS 105
16 QUESTIONNAIRE 106
17 RELATED REPORTS 109