Global facial aesthetics market to exceed $5.5 billion by 2020, according to report

The global facial aesthetics market is expected to exceed $5.5bn (£3.80bn) by 2020, growing at a Compound Annual Growth Rate (CAGR) of almost 10%, according to a report issued by Technavio.

“The global facial aesthetics market is growing at a steady rate due to the rising beauty consciousness among consumers and a shift in preference from invasive to minimally or noninvasive procedures,” says Amber Chourasia, a lead analyst for health and wellness research at Technavio.

The facial aesthetics market in the Americas is expected to grow at a CAGR of over 8% while Asia-Pacific is expected to grow at a CAGR of over 13%. Europe, the Middle East and Africa (EMEA) is expected to grow at a CAGR of 10% and is the second largest segment in the global facial aesthetics market, with Europe being the primary contributor.