核心观点,2,中国医美市场规模近两千亿,渗透率提升空间极大 据艾瑞咨询数据,2020年中国医疗美容市场规模约1975亿元,预计2023年市场规模达3115亿元 ,2019-2023年CAGR为15.2%。我国医美消费接受度明显改善,Frost14(1):27-32. 东吴证券,2009年-2017年10月ELLANSE的PMS数据,0.0201,0.0226,0.0037,0.0018,0.0018,0.0000,0.0050,0.0100,0.0150,0.0200,0.0250,肿胀肿块/结节 炎症/感染 挫伤/血肿硬块,显著改善,较大改善,改善,总改善,无变化,PCL填充剂与玻尿酸的除皱效果对比 6个月(n=34)9个月(n=32)12个月(n=30) PCLNASHAPCLNASHAPCLNASHA 53%29%16%0%0%0% 32%35%25%0%20%0% 9%29%56%56%33%10% 85%64%41%0%20%0% 6%6%3%41%47%90,更差0%0%0%3%0%0,少女针:刺激胶原蛋白再生的含PCL微球填充剂,研究所,36,37,总体看,童颜针 猪胶原