Live
- Nagarkurnool: Burglary in a locked house
- Nadda asks voters to unseat BJD govt
- KCR Rally at Hanumakonda Chowrastha Road Show for Warangal Parliamentary Elections
- Yastika, Renuka Thakur star in India’s 44-run win over Bangladesh in T20I series opener
- Sai Sangeeta won gold medal for India in Dubai Asian Championship
- BSP's Akash Anand booked for hate speech against BJP
- Two die of sunstroke in Kerala, heat alert sounded in parts of state
- IPL 2024: Will Jacks, Kohli shock Gujarat, keep RCB's playoff hopes alive
- IPL 2024: 'Can't sit and speak from a box', Virat Kohli slams strike-rate critics
- ISL 2023-24: We have to give our everything, says FC Goa's Fernandes ahead of semis clash with Mumbai City
India's aesthetic injectables market to grow at over 5% by 2030: Report
The aesthetic injectables market in India is forecast to grow at a compound annual growth rate (CAGR) of over 5 per cent through 2030, according to a report on Monday.
New Delhi: The aesthetic injectables market in India is forecast to grow at a compound annual growth rate (CAGR) of over 5 per cent through 2030, according to a report on Monday.
With a growing population of beauty-conscious individuals, the demand for aesthetic procedures and products has witnessed a significant upswing in India in recent times.
The increased awareness of varied beauty treatments and the influence of social media are contributing to the surge in demand for aesthetic procedures in India, said the report by GlobalData, a data and analytics company.
It revealed that India currently accounts for about 1 per cent of the Asia-Pacific (APAC) aesthetic injectables market by revenue in 2023.
"Aesthetic injectables such as botulinum toxin (Botox), hyaluronic, and non-hyaluronic acid fillers are rising in popularity, due to their non-surgical and non-invasive nature. In addition, popularity is driven by successful outcomes, which can be achieved safely and quickly with less recovery time," said Ayshi Ganguly, Medical Devices Analyst at GlobalData, in a statement.
Ganguly noted that the "Covid-19 pandemic has made individuals understand their skin type and requirements and have urged them to opt for more elastic, rejuvenated, hydrated, and plump skin without having to go for any surgery.”
She stated that the rise in the growth in the Indian aesthetic injectables market is because people are "investing a portion of their disposable income in aesthetic enhancements".
The growth is in turn leading to rise in the number and variety of injectable fillers available to surgeons, Ganguly said.
"Furthermore, the use of virtual reality and artificial intelligence (AI) for precise skin-type recommendations and post-procedure monitoring is attracting a broader spectrum of customers," Ganguly said.
"With the evolution of beauty parameters and advancements in technology and regulations, the aesthetic injectables market is all set to flourish, offering an array of opportunities for both consumers and businesses alike," she added.
