A recent report
published by Infinium Global Research on male aesthetics market provides
in-depth analysis of segments and sub-segments in global as well as regional
male aesthetics market. The study also highlights the impact of drivers,
restraints and macro indicators on the global and regional male aesthetics
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of global male aesthetics
market. According to the report the global male aesthetics market is projected
to grow at a CAGR of 7.3% over the forecast period of 2018-2024.
Male aesthetics are a
fast-growing segment in the aesthetics industry. Men have significant facial
anatomical differences as compared to women. Men’s skin is much thicker, has
larger pores, has less subcutaneous fat, and generates more sweat and sebum as
compared to women’s skin. Men’s are more prone to the skin due to higher
exposure of men’s skin to ultraviolet radiations owing to shorter hairstyle and
balding scalps. Men also develop wrinkles at an earlier age, as they have less
subcutaneous fat. Most of the men want to achieve a fresher and healthier
appearance, instead of looking beautiful or having soft skin. As per the
American society for aesthetic plastic surgery (ASAP), men had in excess of 1
million cosmetic procedures in 2013, representing 9.4% of the population. The
number of cosmetic procedures for men increased by over 273% from 1997.
The factors
responsible for driving growth in this market include increasing awareness,
acceptability, and accessibility of male aesthetics treatment procedures.
Besides this, physiological and psychological factors also play an important
role in influencing male aesthetics market. Around 52% of global male consumers
consider their looks to be important or very important, and about 29% touch up
their looks during the day. Nowadays, men are now more aware of their
appearances, so they are more focused on enhancing their appearance to be more
attractive, also they are looking for rejuvenation to maintain the fresh and
adolescent appearance which in turn, has increased demand for skin care and
grooming products. Also, men’s are spending more money on their skincare and
are going to spa treatments and facials to boost the male aesthetics market.
However, the high treatment cost is the major restraint factor for the market
growth. Today’s generation is growing in an era of social media that pressures
them to maintain a youthful appearance due to the constant sharing of photos
which in turn, is going to create opportunities for male aesthetics market in
coming future.
Geographically, North
America dominates the male aesthetics market, followed by Europe. North America
has the largest market share among other regions, owing to the rise in
non-surgical treatment procedures coupled with increased spending power.
Wrinkle removal, body shaping/skin tightening and tattoo removal are some of
the most common male aesthetic treatments followed in this region. Asia-
Pacific region is anticipated to be the strongest growing region followed by
Latin America. Asia-Pacific region is expected to attribute the highest growth
owing to the huge population base coupled with rising disposable income,
increase adoption of male aesthetics treatment owing to physiological and
psychological and personal factors.
The U.S. drives the growth in the North
America region as it is the largest market in the region. The Asia-Pacific the region offers substantial potential for the market growth owing to rapid growth
in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the
companies in the global male aesthetics market such as Allergan, Cutera,
Cynosure, Merz Pharma, Galderma, Lumenis, Syneron Medical, Valeant
Pharmaceuticals, Alma Lasers, and AQTIS Medical B.V.
The report provides deep insights into
demand forecasts, market trends, and micro and macro indicators. In addition,
this report provides insights into the factors that are driving and restraining
the global male aesthetics market. Moreover, IGR-Growth Matrix analysis given
in the report brings an insight into the investment areas that existing or new
market players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of male
aesthetics market. Moreover, the study highlights current market trends and
provides forecast from 2018-2024. We also have highlighted future trends in the
male aesthetics market that will impact the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the male aesthetics market to
understand the present and future trends in this market and formulate their
strategies accordingly.
The report on the global male
aesthetics market covers segments such as product, procedures, and end-user. On
the basis of product, the global male aesthetics market is categorized into
body shaping/skin tightening, fractional skin rejuvenation, hair regrowth, hair
removal, tattoo removal, injectables, and others. On the basis of procedures,
the global male aesthetics market is categorized into cosmetic and
reconstructive. On the basis of end-user, the global male aesthetics market is
categorized into the beauty center, home and dermatology clinics, and cosmetic
centers.
The countries covered in the North
America region include the U.S., Canada, and Mexico; while Asia-Pacific
includes China, Japan, India, South Korea, Malaysia, and among others. Moreover,
Germany, U.K., France, Spain, and Rest of Europe are included in the European
region.