Market Trends of China Aesthetic Devices Industry
This section covers the major market trends shaping the China Aesthetic Devices Market according to our research experts:
Dermal Fillers and Aesthetic Threads Expected to Account for Major Market Share Over the Forecast Period
Dermal fillers, also known as soft tissue fillers or wrinkle fillers, are medical device implants that help create a smoother appearance in the face, including nasolabial folds, cheeks, and lips, and help increase the volume. These injectable fillers contain materials like hyaluronic acid or collagen, which give the skin's appearance a boost. Aesthetic threads are medical sutures that are injected using a needle underneath the skin to lift and rejuvenate the skin. Along with other cosmetic procedures, fillers and threads have become popular nowadays due to their various advantages.
Due to the increase in China's geriatric population and people's desire to look younger, the market studied is experiencing rapid growth. Moreover, new products are also being launched in the market to cater to the increasing demand. For instance, in 2020, Aesthetic Medical International Holdings Group Limited, based in China, also launched the Four Beauties, a new set of hyaluronic acid-based skincare products.
Many clinical trials are also being conducted in China regarding dermal fillers. This is expected to boost market growth as approval of these products would lead to their market launch. For instance, in July 2020, LG Chem launched a confirmatory clinical trial of YVOIRE Y-Solution, its premium-grade injectable hyaluronic acid filler, in China. Additionally, in August 2020, Allergan announced that the company's Juvéderm VOLUX, an injectable dermal filler, started to scale-up usage and clinical data collection in the Hainan Boao Medical Pilot Zone. Thus, the above factors are expected to influence the market's growth.
