According to the Korean alternative data platform KED Aicel, credit card payments for aesthetic devices on five medical-exclusive e-commerce platforms doubled to 28.6 billion won in April from the year-earlier period.Classys Inc., a manufacturer of energy-based aesthetic devices (EBDs), posted 11.3 billion won in estimated transactions last month, up 126% from a year ago.Korea AbbVie Co.’s Botulinum toxin, or Botox, sales rose 81% on-year to 7 billion won.Jeisys Medical Inc., known for high-frequency facelifting devices, saw transactions climb 194% to 5.5 billion won, while filler and Botox maker Jetema Co.’s sales grew 50% to 1.9 billion won.Wontech Co., a radiofrequency skincare device maker, posted 2.9 billion won in sales last month, up 26% from a year earlier.
KED Aicel is the alternative data service brand of Hankyung Aicel, renamed from Aicel Technologies Inc.after The Korea Economic Daily acquired the data firm from US-based policy and global intelligence provider FiscalNote Holdings Inc.for $8.5 million last October.“There has been a sharp uptick in clinic-only platform sales across aesthetic device and Botox providers, driven by a simultaneous rise in demand from foreign and domestic patients,” said Aicel analyst Park I-kyung.
According to data from the Korea Tourism Organization's Tourism Data Lab, foreign visitors spent a record 187.7 billion won ($134 million) on domestic medical services in April, an 83% increase from a year earlier and a 22% rise from the previous month.
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