Market Trends of South Korea Aesthetic Devices Industry
Skin Resurfacing & Tightening is the Segment under Application and is Expected to Account for Largest Market Share during the Forecast Period
The skin resurfacing and tightening segment is expected to have significant growth over the forecast period due to the rising geriatric population and increasing awareness about the aesthetic devices used for skin tightening. Older women opt for various types of cosmetic enhancement procedures, including skin resurfacing and tightening, to enhance their looks. Facelifts, eyelid enhancements, face fat repositioning, jawbone reductions, skin resurfacing, and tightening, among others, are the most common facial feature enhancements performed in South Korea.
An article titled "Customized Treatment Using Microfocused Ultrasound with Visualization for Optimized Patient Outcomes: A Review of Skin-tightening Energy Technologies and a Pan-Asian Adaptation of the Expert Panel's Gold Standard Consensus" published in the Journal of Clinical Aesthetic Dermatology in May 2021 discussed the various non-invasive facial-rejuvenation devices, such as non-ablative radiofrequency (RF) and laser-assisted technology, used in the Korean population. The article indicated that micro-focused ultrasound with visualization was the gold standard for nonsurgical lifting and skin tightening in Asian countries.
Rising product launches by the key players for the launch of their skin resurfacing and tightening products in South Korea are expected to drive the growth of this market. For instance, in June 2021, HELIOS IV 785, the world's first high-powered Q-switched laser with a 785nm picosecond pulse setting, was approved in South Korea. The launch of advanced devices for skin resurfacing and tightening will lead to increased adoption of skin resurfacing procedures in South Korea, thereby driving the growth of this segment.
