South Korea Skin Resurfacing Market Size & Outlook
South Korea skin resurfacing market, 2016-2027 (US$M)
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South Korea skin resurfacing market highlights
- The South Korea skin resurfacing market generated a revenue of USD 7.6 million in 2020 and is expected to reach USD 15.5 million by 2027.
- The South Korea market is expected to grow at a CAGR of 10.7% from 2021 to 2027.
- In terms of segment, ablative was the largest revenue generating type in 2020.
- Non-Ablative is the most lucrative type segment registering the fastest growth during the forecast period.
Skin resurfacing market data book summary
| Market revenue in 2020 | USD 7.6 million |
| Market revenue in 2027 | USD 15.5 million |
| Growth rate | 10.7% (CAGR from 2020 to 2027) |
| Largest segment | Ablative |
| Fastest growing segment | Non-Ablative |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ablative, Non-Ablative |
| Key market players worldwide | Alma Lasers Ltd, Cynosure, Altair Engineering Inc Class A, Cutera Inc, Lynton Lasers, UltraShape Ltd. (Syneron Medical), LUTRONIC, Sciton, Quanta, Lumenis |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.3% of the global skin resurfacing market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, Japan skin resurfacing market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 11.2 million by 2027.
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Skin Resurfacing Market Scope
Skin Resurfacing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea skin resurfacing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to skin resurfacing market will help companies and investors design strategic landscapes.
Ablative was the largest segment with a revenue share of 56.58% in 2020. Horizon Databook has segmented the South Korea skin resurfacing market based on ablative, non-ablative covering the revenue growth of each sub-segment from 2016 to 2027.
Cost of aesthetic surgery varies based on experience of doctor, techniques, price policy, and personal condition etc. However, cosmetic treatment fees in Korea is relatively lower compared to other countries. Aesthetic surgery in Korea is 40 to 80 % cheaper than the other countries.
In Kore, external appearance plays a key role in an individual’s social status and success. Furthermore, a cosmetic surgery is also, in cases, sponsored by parents as gift to their children on clearing college (graduation) exams or on attaining legal adult age while in other cases, cosmetic surgery is considered to improve the professional as well as personal relations and opportunities.
Furthermore, increasing number of clinics and skin care shops in South Korea offering improved healthcare services has led to an increase in the market demand. For instance, according to Charlotte Cho a leading skincare expert women visit local skincare shops weekly or once every 2 weeks to improve their skin appearance, which is expected to propel market growth.
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Our clientele includes a mix of skin resurfacing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea skin resurfacing market, including forecasts for subscribers. This country databook contains high-level insights into South Korea skin resurfacing market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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South Korea skin resurfacing market size, by type, 2016-2027 (US$M)
South Korea Skin Resurfacing Market Share, 2020 & 2027 (US$M)
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