PUBLISHER: Inkwood Research | PRODUCT CODE: 1129012
PUBLISHER: Inkwood Research | PRODUCT CODE: 1129012
The Asia-Pacific dermatology devices market is anticipated to grow with a 13.19% CAGR between 2022 and 2030. Preference for premium personal and beauty products, rise in medical tourism, and increase in surgical and non-surgical procedures drive the market growth.
The Asia-Pacific dermatology devices market growth assessment includes the analysis of China, Malaysia, Indonesia, India, Japan, Singapore, South Korea, Australia & New Zealand, and Rest of Asia-Pacific. In India, the growing adoption of aesthetic procedures, advanced technologies, and the demand for beauty enhancement procedures are expected to drive the dermatology devices market growth over the forecast period. India also has an increasing demand for skin care and grooming products. The rising demand for these procedures is expected to support the market.
On the other hand, South Korea is among the top beauty markets in the world. As per International Trade Administration (ITA), skincare cosmetics were the largest import category in 2021, representing 34.17% of the total cosmetic imports. The beauty tech market, combining IT technology and cosmetics, is rapidly growing in the country. The growing preference for personal and skin care and the rapid technological advancements in aesthetic devices are expected to drive market growth in the country during the forecast period.
As per ITA, the revenue in the beauty and personal care product market in Indonesia was expected to reach $7.5 billion in 2021 and was estimated to grow at a CAGR of 6.5% through 2025, with skincare and personal care segments dominating the market. Men's growing preference for grooming and increased consumption of beauty products by women are expected to drive the dermatology devices market in Indonesia.
Some key market players include V Smart Health Care Device, Alma Lasers Ltd, Unityderma Medical Pvt Ltd, etc.