Global Aesthetics Combination Therapy Market: Restraints
Lack of clinical evidences for treatments other than botulinum is expected to hinder growth of the market. There is significant dearth of documented clinical evidence and efficacies for treatments other than botulinum, which deters customers, especially affluent ones with higher spending power, from using treatments other than botulinum.
Moreover, early product introduction is expected to increase incidence of adverse drug reactions, thereby limiting growth of the market. Market players face strong competition to introduce newer products in the market, which could also lead to early introduction of products such as peels and topical solutions. However, this may lead to adverse drug reactions such as skin rashes, pain, and hyper-pigmentation.
Global Aesthetics Combination Therapy Market: Opportunities
Increasing geriatric population is expected to offer lucrative growth opportunities for players in the global aesthetics combination therapy market over the forecast period. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.
Moreover, conducting clinical trials to validate aesthetics combination therapies is also expected to aid in growth of the market. Reliance on anecdote rather than scientific clinical trials to create and refine treatment protocols is a major drawback in combination procedures. Clinical trials are therefore required for certain combinations that are perceived as more established in order to validate their usage together.
Global Aesthetics Combination Therapy Market: Drivers
High effectiveness of combination therapy over individual procedures is expected to propel growth of the global aesthetics combination therapy market over the forecast period. For instance, use of fillers with tissue tightening can be effective against aging face. The aging face is a combined result of laxity and loss of volume. Although tissue tightening can offer firmness to the skin, the process fails to correct the loss of volume in the perioral region. This can be done by adding fillers.
Moreover, increasing disposable income is also expected to aid in growth of the market. For instance, according to the National Bureau of Statistics (China), the urban and rural per capita disposable income in China reached US$ 5,600 and US$ 2,000 in 2018, an increase of 5.6% and 6.6% in real terms after deducting price factors, respectively.
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