Medical Aesthetics Market Insights :
Medical Aesthetics Market is projected to be worth USD 27.54 Billion by 2030, registering a CAGR of 10.7% CAGR during the forecast period (2022-2030), the market was valued at USD 13.52 Billion in 2021. The non-invasive procedure led the procedure Procedure Type segment due to the fast recovery, less pain, and cost efficiency. North America held the largest share of the global medical aesthetic market due to the increasing adoption of cosmetic procedures.
Medical Aesthetics Market Dynamics:
Medical aesthetics is a branch of medicine that focuses on the patient’s outward appearance, aesthetics, and visible skin changes. It entails extremely sophisticated skin care techniques that combine cosmetic and medical services. Correction of skin pigmentation, treatment of scars, wrinkles, excess fat, acne, undesirable hair, and other cosmetic procedures are all examples of medical aesthetics.
Driver:
A significant rise in the demand for anti-aging procedures owing to the rising focus of patients to improve their appearance is driving the medical aesthetic market growth. Further, increasing demand for minimally invasive procedures is expected to fuel the growth of the medical aesthetics market.
Restrain:
Stringent safety regulations, side effects, risks, and complications associated with medical aesthetic procedures are major factors restraining the medical aesthetics market growth.
Opportunity:
A growing interest in medical aesthetics and the popularity of plastic surgery are creating profitable market opportunities. In addition, companies in the medical aesthetics sector have a lot of chances in growing countries like China, Brazil, Mexico, and India, which is anticipated to increase market growth potential.
COVID-19 Analysis of Medical Aesthetics Market:
The medical aesthetics market has been severely impacted since the COVID-19 epidemic in many different parts of the world. Shipments were impacted during the initial lockdown due to a labor shortage and the closure of a manufacturing facility. The pandemic’s initial effects on China were tremendous. However, the nation’s circumstances have stabilized, and all product and service production rates have increased. During the pandemic, many surgeries were postponed to avoid the risk of the transfer of the virus. As a result, it is determined that COVID-19’s overall impact on the medical aesthetics market is severe.
Medical Aesthetics Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 6.82 |
| CAGR (2022-2030) | 6.4% |
| By Procedure Type | Invasive, Non-Invasive |
| By Product Type | Facial Aesthetic Products – Dermal Fillers, Botulinum Toxin, Microdermabrasion, Chemical Peels
Body Contouring Devices – Nonsurgical Fat Reduction Devices, Cellulite Reduction Devices, Liposuction Devices Cosmetic Implants – Breast Implants (Silicone Implants, Saline Implants) Facial Implants, Gluteal Implants Hair Removal Devices – Laser Hair Removal Devices, IPL Hair Removal Devices Skin Aesthetic Devices – Laser Resurfacing Devices, Nonsurgical Skin Tightening Devices, Micro-needling Products, Light Therapy Devices Tattoo Removal Devices, Thread Lift Products, Physician-dispensed Cosmeceuticals and Skin Lighteners, Physician-dispensed Eyelash Products, Nail Treatment Laser Devices |
| By End Use | Hospitals, Clinics, Medical Spa, Beauty Centers, Home Care |
| By geography | North America– (U.S., Canada, Mexico
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA) |
| Key Players | AbbVi, Cynosure, Evolus Inc., Revance Galderma, Lumenis, Solta Medical, Syneron Candela, Alma Laser |
Medical Aesthetics Market Segment Analysis:
By Procedure Type
The procedure type segment is bifurcated into invasive and non-invasive. In 2021, the non-invasive procedures market segment held a market share of more than 50.3%. Over the projection period, the segment is also anticipated to grow at the fastest CAGR. The desire for non-invasive procedures has increased globally due to variables including less pain, quick outcomes, and low cost. Soft tissue fillers, chemical peels, and Botox injections are popular non-invasive procedures. Hence, the above-mentioned factors are expected to boost the growth of the medical aesthetics market.
By Product type
The product type segment includes body contouring devices, cosmetic implants, hair removal devices, facial aesthetic products, tattoo removal devices, skin aesthetic devices, physician-dispensed cosmeceuticals, thread lift products, skin lighteners, nail treatment laser devices, and physician-dispensed eyelash products. In 2021, the medical aesthetics market is anticipated to be dominated by facial aesthetics products. The significant market share of this category is explained by the rising patient demand for facial cosmetic treatments, rising disposable income and purchasing power, and an increase in the number of elderly people around the world.
End-Use
The end-user segment is categorized into hospitals, clinics, medical spas, beauty centers, and home care. The clinics and medical spas section are also anticipated to grow at the fastest rate during the forecast period. The factors responsible for the growth of the market are the rising number of medical spas and clinics, the high availability of financial and infrastructure possessions with hospitals, including trained staff, technologically advanced devices, and skilled professionals to perform aesthetic procedures. Further, Some of the common invasive aesthetic procedures offered by clinics include liposuction, breast augmentation, and nose reshaping. Further, the demand for these invasive procedures has increased as attention is expected to boost the medical aesthetics market expansion.
By Region
The region segment of the medical aesthetics market is divided into the Asia Pacific, Europe, North America, the Middle East, Africa, and Latin America. In 2021, North America accounted for the highest share of the global medical aesthetics market. The adoption of modern healthcare infrastructure, cosmetic operations, and the rising incidence of skin problems are the main drivers of the medical aesthetic market’s expansion. The American Society of Plastic Surgeons analyzed the growth in the rates of cosmetic surgery procedures from 2000 to 2018. (ASPS). According to statistics, breast augmentation procedures rose by 48%, while the use of Botox injections soared by 845 percent. As a result, producers of aesthetic drugs believe that North America will play a big role in their future financial success.
Medical Aesthetics Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Procedure Type launches have accelerated the growth of the medical aesthetics market. Key players in the market include-
- AbbVie
- Cynosure
- Evolus Inc.
- Revance Galderma
- Lumenis
- Solta Medical
- Syneron Candela
- Alma Laser
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