The South and Central America non-invasive aesthetic treatment market is expected to reach US$ 542.91 million by 2028 from US$ 274.29 million in 2021; it is estimated to grow at a CAGR of 10.2% from 2021 to 2028. The growth of the market is attributed to a few key driving factors such as rising number of non-invasive aesthetic/cosmetic procedures performed every year and surging awareness about cosmetic procedures among consumers. However, clinical risks and complications associated with medical aesthetic procedures is hindering the market growth. Non-invasive aesthetic treatments have gained popularity in the past few years due to advantages such as minimal downtime, no scars, low cost, and less complications.The popularity and acceptance of these procedures is mainly attributed to their noninvasiveness.
Besides, it has been proved that the accuracy rate of minimally invasive surgeries is greater than that of open surgeries.Therefore, the advantages of minimally invasive procedures over conventional surgery—such as faster recovery, reduced pain, and shortened hospital stays, and greater efficiency rate—contribute to the non-invasive aesthetic treatment market growth.
According to a recent report by the International Society of Aesthetic Plastic Surgery (2018), the total number of non-surgical procedures performed globally was above 12 million in 2018.The advancements in nonsurgical technologies and unveiling of new surgery options have made aesthetics accessible to people.
For example, the advantages of laser procedures have attracted younger people to improve their skin conditions, modify body parts, and correct their physical posture. Therefore, rising acceptance of non-invasive aesthetic/cosmetic procedures is driving the growth of the South and Central America non-invasive aesthetic treatment market. Several government initiatives are helping in creating awareness regarding non-invasive aesthetic procedures among people, which is also boosting the market growth. South and Central America is highly affected due to the COVID-19 outbreak pandemic.The outbreak has severely impacted the flow of medical services and medical tourism in the region.
The Division of Plastic Surgery in Latin America suspended nonessential operations and outpatient consultations, achieving new guidelines (ANG) of national and international associations.Moreover, countries in this region are significantly dependent on the US and European countries for medical resources, which are under lockdown.
Thus, the South and Central America non-invasive aesthetic treatment market in the region has experienced a significant slowdown and is expected to witness the same in the following two to three years. The South and Central America non-invasive aesthetic treatment market, based on procedure, is segmented into injectables, skin rejuvenation, and others. The injectables segment held the largest share of the market in 2020, and the market for the same segment is expected to grow at the fastest rate during the forecast period. The South and Central America non-invasive aesthetic treatment market, by end user, is segmented into hospitals, clinics and medical spas, and others.The hospitals segment held the largest share of the market in 2020.
Also, the same segment is anticipated to register the highest CAGR in the market during the forecast period. A few of the major primary and secondary sources referred to while preparing the report on the South and Central America non-invasive aesthetic treatment market are the American Society for Aesthetic Plastic Surgery (ASAPS), Centers for Disease Control and Prevention (CDC), and National Health Service (NHS).
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