PUBLISHER: Inkwood Research | PRODUCT CODE: 1400658
PUBLISHER: Inkwood Research | PRODUCT CODE: 1400658
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.
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.
Some of the eminent companies in the South Korea anti-aging services & devices market include: AbbVie, Hugel Inc, Merz Pharma, etc.