North America Esthetic Services Market Stays Young Through 2024

Posted By American Med Spa Association, Thursday, May 11, 2017

In a recent Transparency Market Report, the North America esthetic services market is estimated to be worth $28.15 billion by the year 2024, increasing at a CAGR of 7.7% for each year.

Non-Surgical on the Rise
The report broke up esthetic services into surgical services, non-surgical services and reconstr­uctive procedures. Surgical services were the largest portion of the market share with 43.6% in 2015. Though not the largest segment, non-surgical services have begun to gain in popularity. Among the most popular non-surgical service treatments were derma fillers, which represented 68.7% of the non-surgical market share.

Baby Boomers Lead the Way 
The primary attributing factor for the growth is an increase in disposable incomes and a rise in the standard of living in North America. In addition, there has been a general increase in esthetic consciou­sness. People are more likely to seek out treatment for a skin disease or look for a service, like body contouring or liposuction, to address body weight.

Read more at Skin Inc. >>