South Korea wins race in aesthethic market: report

The market is expected to grow 7% annually between 2022 and 2030.

South Korea emerged as the fastest growing market in aesthetics amidst persisting demand for beauty and rising spending on aesthetic enhancement.

According to GlobalData, South Korea’s aesthetic device market is projected to grow at a compound annual rate of approximately 7% between 2022 and 2030. South Korea accounted for 11% of the APAC market in 2021.

“In South Korea, the 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,” Ayshi Ganguly, Medical Devices Analyst, GlobalData, said.

“The demand for affordable and quality cosmetic procedures and products is leading to advancements in this field.”

Just recently, medical equipment manufacturer Ilooda Co., Ltd. secured the approval of the Food and Drug Administration for the use of the scar treatment device Secret Duo. The device is non-invasive and affordable to treat even the aesthetic damage caused by monkeypox.

“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,” Ganguly said.

Follow the link for more news on

GlobalData

South Korea Skin Care

Also Read

Filipino shoppers still prefer bricks over clicks

Hermès revamps Takashimaya flagship store in Singapore

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit