South Korea to remain fastest growing aesthetics market in APAC

The publish South Korea to remain fastest growing aesthetics market in APAC appeared first on TD (Travel Daily Media) Travel Daily.

South Korea is the fastest growing aesthetics market in Asia-Pacific (APAC) and is predicted to retain its place in the longer term augmented by steady innovation, growing demand for magnificence, and elevated spending on aesthetic enhancement, says GlobalData, a number one information, and analytics firm.

GlobalData’s analysis reveals that South Korea’s aesthetic machine market, which accounted for 11% of the APAC in 2021, is predicted to develop at a compound annual progress price (CAGR) of roughly 7% between 2022 and 2030.

Ayshi Ganguly, Medical Devices Analyst at GlobalData, feedback: “In South Korea, external appearance is considered very important to attain societal and professional success, and this creates pressure on both women and men to transform their physical appearance. The demand for affordable and quality cosmetic procedures and products is leading to advancements in this field.”

For occasion, Ilooda Co.,Ltd., which manufactures and develops skilled medical gear, has lately acquired the Food and Drug Administration (FDA) approval for Secret Duo, a tool to deal with scars. This non-invasive aesthetic machine isn’t solely reasonably priced, painless, and presents fast outcomes but additionally treats the aesthetic harm attributable to monkeypox and encourages collagen synthesis to fill the scar space with new pores and skin, with out harming it thermally, claims the corporate.

In addition to physiognomy, social media and Okay-pop are additionally taking part in a significant function in driving the aesthetics market in South Korea as they affect people to improve their magnificence to seem like their favourite celebrities. Eyelid surgical procedure and rhinoplasty are the commonest procedures carried out in Korea.

Ganguly concludes: “The availability of new cosmetic treatment options and appealing discounts are making South Korea a preferred destination for medical tourism as compared to other parts of the world.”

The publish South Korea to remain fastest growing aesthetics market in APAC appeared first on Travel Daily.

Source link