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国金证券-医药健康行业研究:中美韩医美对比借鉴,未来发展路径与行业轨迹分析-240430

中美韩医美对比借鉴:未来发展路径与行业轨迹分析 投资逻辑: 1)总量全貌对比:美国稳定成熟大市场,韩国审批宽松市场外向,中国起步较晚但市场广阔。美国医美行业已经历数十年发展,行业不管是从法规制度、医美技术、市场渗透率皆较为成熟;2008-2018年美国医美支出年复合增长率为 3%,呈稳态增长趋势。韩国市场医美渗透率在全球重点国家中排名最高,但受限于内需相对较小的影响,其采用医疗旅游差异化战略突围,

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