North America Esthetic Services Market Stays Young Through 2024
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.
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