Chinese cosmetic market

Chinese cosmetic market will reach 800 billion yuan As the world's third
 

Hong Kong's south China morning post website published on February 15, titled "the analysts said the next few years China plastic surgery market will boom" of the article, according to HSBC analysts said in a recent research report: "the pursuit of physical beauty has become a big business in China."

Reported that, according to China association of cosmetic surgery in 2014 China's fledgling cosmetic surgery industry is worth about 400 billion yuan, more than 700, ten thousand people (mainly young women) in cosmetic surgery.

      The industry group, estimates that by 2019, China's cosmetic surgery industry scale will be doubled, up to 800 billion yuan, become the world's third largest cosmetic market.

HSBC said: "young women to find a plastic surgeon, for the obvious double-fold eyelid and v-shaped face has been normal. However, it was not a yuppie trend, more and more in their 30 s and 40 s, some people also want to become beautiful."

According to the report, what is the strength in promoting China's plastic surgery, the demand of the market?

HSBC, analysts say, besides the wealth growth factors, because of "strong" social media platforms such as mobile phone WeChat and weibo peer pressure brought by rising in urging people more than ever the pursuit of physical beauty.

Analysts said: "there are millions of cosmetology and plastic surgery application software to encourage people to see his image in more critical eye."

According to the report, in addition, the Korean pop culture and way of life that hallyu popularity "empty" is changing the face of China's younger generation.

China association of cosmetic surgery, according to statistics in 2014, about 60000 Chinese people choose to plastic surgery in Korea, increased by 45% compared with a year ago.

, analysts say, the industry's biggest selling point is the procedure is simple, without anesthesia, and during the period of "can be in the office at lunch is done".

 

According to the report, the most popular cosmetic surgery is injection of hyaluronic acid, which is a simple injection without surgery, safe and convenient. It is helpful to highlight the face outline, reduce wrinkle, protect wet and tight skin.


      They said: "China is a major producer of hyaluronic acid, we forecast the output of each year for the next three years will increase by more than 20%."

According to the survey of China's 50 hospitals, HSBC think domestic hyaluronic acid production industry giants are HaoHai HuaXi biotech companies listed in Hong Kong and Shanghai biological technology co., LTD.

According to HSBC forecasts, hyaluronic acid injection by rapid growth in demand, from 2015 to 2017, HuaXi biotechnology company net profit compound annual growth rate will reach 23%.

HSBC also predicted, driven by the same factors HaoHai biotechnology company net profit over the same annual compound growth rate can reach 28%.

According to the report, analysts also warned that the two companies also has downside risk.

In terms of HuaXi biotechnology company, risk may come from hyaluronic acid injection, and the increasingly fierce market competition, as well as the company's gross margin pressure.

Reported that HaoHai company also face the pressure of competition, any product safety issues is likely to be damaging to the company's reputation.


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