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The Medical Aesthetics Market Size was valued at USD 13.27 billion in 2023 and is witnessed to reach USD 31.06 billion by 2032 and grow at a CAGR of 10.55% over the forecast period 2024-2032.
One of the key factors leading to the flourishing medical aesthetics market is growing attention towards an individual appearance by society which will further upsurge in demand for medical aesthetic procedures. The lifting of cultural norms with a broadening idea around the range of medical aesthetic treatments accessible has also greatly encouraged market expansion accordingly. The increasing recognition and demand for a range of aesthetic therapies mirror an ideological shift in how individuals perceive ways to enhance personal appearance, thus supporting the growth in the medical aesthetics market.
Key insights for the aesthetic medicine market: Highlights from 2022 International Society of Aesthetic Plastic Surgery data on top five global surgical procedures Liposuction came in as the most popular procedure done 2,303,929 times with Breast Augmentation close behind at a respective total of 2,174,616. Eyelid Surgery finished third, with 1,409,103 and Abdominoplasty came in fourth with a total of 1,180,623 At number five was Breast Lift with 955,026 procedures.
As such, the market has seen a rise over the recent period and is also anticipated to experience significant demand during our forecasted year period. Increased knowledge regarding appearance & fitness has created a higher demand for medical aesthetic treatments in emerging countries. In India and South Korea, aesthetic procedures, including liposuction or nose reshaping to a Botox injection are inbred from consumers. India was in the top 5 countries globally with its non-surgical procedures according to the International Society of Aesthetic Plastic Surgery (ISAPS) Year-2022. This accentuates residual opportunities to cash in on growth at the hands of industry participants across the world.
MARKET DYNAMICS:
KEY DRIVERS:
RESTRAINTS:
OPPORTUNITY:
KEY MARKET SEGMENTATION:
By Product Type
The facial aesthetic product is one of the types of products and holds a significant share in 2023 which is 22% within the medical aesthetics market. The dominance of this segment is mainly due to the rising demand for facial aesthetic procedures, which are minimally invasive. According to the American Academy of Facial Plastic and Reconstructive Surgery Annual Survey, 85% said they had a surge in injectable treatments last year alone from Botox followed by dermal fillers as patients sought out more non-invasive ways to reduce signs of aging. The survey also revealed a trend where more, especially younger demographics such as those in their 20s and 30s are finding interest in Botox for preventive therapies. These procedures are popular because they combat wrinkles and fine lines, and provide a more youthful appearance with little downtime. Moreover, technological advancements in facial aesthetic products such as durable gel fillers and smoother botulinum toxin preparations have made their usage even more rampant. Growing societal pressure to look facially appealing combined with the increasing geriatric population choosing anti-aging solutions are among the factors that drive demand for facial aesthetic products, making them the leading segment of the medical aesthetics market.
By Procedure
The procedure section is bifurcated into invasive procedures and non-invasive procedures. The non-invasive segment held the largest market share, accounting for approximately 54.01% in 2023. Because of the convenience offered by non-invasive procedures. As compared to invasive the non-invasive procedures can be performed in the office setting with minimal recovery time enabling patients to go about their usual activities immediately. Furthermore, the ease of access to these procedures is substantiating this growth. Such procedures are affordable and easily accessible for a large cross-section of people; Besides, technological developments and the advent of the latest techniques are imperative reasons for booming demand for medical aesthetics.
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By End Users
The Clinics were holding 50.02% of the market share in 2023 owing to the increasing preference of people for aesthetic procedures and a rise in per capita disposable income in both developing and well-developed economies. Hospitals have the resources and also the best expert healthcare professionals who can operate these high-tech but very expensive instruments on a timely basis that many vendors do not provide. Similarly, the surge in aesthetic procedures and numerous non-surgical services that can be performed at medical spas or beauty centers have significantly contributed to their immense growth. Additionally, there is a significant increase in non-invasive skin rejuvenation procedures like microdermabrasion, chemical peels, and other skin resurfacing which would further escalate the revenue yield from medical spas & beauty centers.
REGIONAL COVERAGE:
REGIONAL ANALYSES
In 2023, the North American region held a market share of 42%, owing to high demand for aesthetic treatments and rising consumer awareness The American Society of Plastic Surgeons (ASPS) states that aesthetic procedures are a major share in the US medical industry, and this has increased because of its robust healthcare infrastructure with technologically sophisticated features. The American Society of Plastic Surgeons reported over 15.6 million cosmetic procedures were performed in the United States last year alone - a testament to how aware and interested consumers are! Furthermore, The Centers for Medicare & Medicaid Services (CMS) stated that the US healthcare spending increased to $4.1 trillion in 2020, which further supported the medical aesthetics market growth of this region Availability of alternatives, and innovative products under the aesthetic market are likely to further medical aesthetics drive growth and support economy in US due presence major industries contributing.
The global market is very fragmented with lots of local fights between different international players Nevertheless, the prolonged regulatory approval process is inhibiting the introduction of new products in the market. Key factors driving competitiveness include the quick uptake of advanced solutions for better treatments and technological advancements. The leading players are engaging in several mergers & acquisitions to maintain their dominance within the industry. The key market players include AbbVie, Allergan, Galderma, Cynosure, Johnson & Johnson, Revance Therapeutics, Inc., Evolus Inc., Lumenis, Alma Laser, Syneron Candela Solta Medical & Other Players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 13.27 Billion |
| Market Size by 2032 | US$ 31.06 Billion |
| CAGR | CAGR of 10.55% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | •By Product Type (Facial Aesthetic Products, Body Contouring Devices, Cosmetic Implants, Hair Removal Devices, Skin Aesthetic Devices, Tattoo Removal Devices) •By Procedure (Invasive, Non-Invasive) •By End Users (Clinics and Medical Spas, Hospitals, Dermatology Clinics, Cosmetic Centers) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | AbbVie, Allergan, Galderma, Cynosure, Johnson & Johnson, Revance Therapeutics, Inc., Evolus Inc., Lumenis, Alma Laser, Syneron Candela Solta Medical & Other Players |
| Key Drivers | •Surging Adoption of Minimally Invasive Treatments Propels the Need for Medical Aesthetics. •The Rising Population Age Group Between 25 And 65 Years is Responsible for the Increasing Demand for Medical Aesthetics. |
| RESTRAINTS | •Lack of Inadequate Reimbursement Regarding Medical Aesthetics Systems Hinders Market Growth. •The Higher Implementation Costs of Medical Aesthetics Products Limit the Adoption of Medical Aesthetics. |
Ans: The CAGR of 10.55% for the forecast period of 2024-2032.
Ans: The Medical Aesthetics Market Size was valued at USD 13.27 billion in 2023 and is witnessed to reach USD 31.06 billion by 2032.
Ans: The Key Players are AbbVie, Allergan, Galderma, Cynosure, Johnson & Johnson, Revance Therapeutics, Inc., Evolus Inc., Lumenis, Alma Laser, Syneron Candela Solta Medical & Other Players.
Ans: Surging Adoption of Minimally Invasive Treatments Propels the Need for Medical Aesthetics.
2. The Rising Population Age Group Between 25 And 65 Years is Responsible for the Increasing Demand for Medical Aesthetics.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Medical Aesthetics Market Segmentation, By Product Type
7.1 Introduction
7.2 Facial Aesthetic Products
7.3 Cosmetic Implants
7.4 Body Contouring Devices
7.5 Hair Removal Devices
7.6 Tattoo Removal Devices
7.7 Skin Aesthetic Devices
7.8 Others
8. Medical Aesthetics Market Segmentation, By Procedure
8.1 Introduction
8.2 Invasive
8.3 Non-Invasive
9. Medical Aesthetics Market Segmentation, By End Userr
9.1 Introduction
9.2 Clinics and Medical Spas
9.3 Hospitals
9.4 Dermatology Clinics
9.5 Cosmetic Centers
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 Trend Analysis
10.2.2 North America Medical Aesthetics Market by Country
10.2.3 North America Medical Aesthetics Market By Product Type
10.2.4 North America Medical Aesthetics Market By Procedure
10.2.5 North America Medical Aesthetics Market By End User
10.2.6 USA
10.2.6.1 USA Medical Aesthetics Market By Product Type
10.2.6.2 USA Medical Aesthetics Market By Procedure
10.2.6.3 USA Medical Aesthetics Market By End User
10.2.7 Canada
10.2.7.1 Canada Medical Aesthetics Market By Product Type
10.2.7.2 Canada Medical Aesthetics Market By Procedure
10.2.7.3 Canada Medical Aesthetics Market By End User
10.2.8 Mexico
10.2.8.1 Mexico Medical Aesthetics Market By Product Type
10.2.8.2 Mexico Medical Aesthetics Market By Procedure
10.2.8.3 Mexico Medical Aesthetics Market By End User
10.3 Europe
10.3.1 Trend Analysis
10.3.2 Eastern Europe
10.3.2.1 Eastern Europe Medical Aesthetics Market by Country
10.3.2.2 Eastern Europe Medical Aesthetics Market By Product Type
10.3.2.3 Eastern Europe Medical Aesthetics Market By Procedure
10.3.2.4 Eastern Europe Medical Aesthetics Market By End User
10.3.2.5 Poland
10.3.2.5.1 Poland Medical Aesthetics Market By Product Type
10.3.2.5.2 Poland Medical Aesthetics Market By Procedure
10.3.2.5.3 Poland Medical Aesthetics Market By End User
10.3.2.6 Romania
10.3.2.6.1 Romania Medical Aesthetics Market By Product Type
10.3.2.6.2 Romania Medical Aesthetics Market By Procedure
10.3.2.6.4 Romania Medical Aesthetics Market By End User
10.3.2.7 Hungary
10.3.2.7.1 Hungary Medical Aesthetics Market By Product Type
10.3.2.7.2 Hungary Medical Aesthetics Market By Procedure
10.3.2.7.3 Hungary Medical Aesthetics Market By End User
10.3.2.8 Turkey
10.3.2.8.1 Turkey Medical Aesthetics Market By Product Type
10.3.2.8.2 Turkey Medical Aesthetics Market By Procedure
10.3.2.8.3 Turkey Medical Aesthetics Market By End User
10.3.2.9 Rest of Eastern Europe
10.3.2.9.1 Rest of Eastern Europe Medical Aesthetics Market By Product Type
10.3.2.9.2 Rest of Eastern Europe Medical Aesthetics Market By Procedure
10.3.2.9.3 Rest of Eastern Europe Medical Aesthetics Market By End User
10.3.3 Western Europe
10.3.3.1 Western Europe Medical Aesthetics Market by Country
10.3.3.2 Western Europe Medical Aesthetics Market By Product Type
10.3.3.3 Western Europe Medical Aesthetics Market By Procedure
10.3.3.4 Western Europe Medical Aesthetics Market By End User
10.3.3.5 Germany
10.3.3.5.1 Germany Medical Aesthetics Market By Product Type
10.3.3.5.2 Germany Medical Aesthetics Market By Procedure
10.3.3.5.3 Germany Medical Aesthetics Market By End User
10.3.3.6 France
10.3.3.6.1 France Medical Aesthetics Market By Product Type
10.3.3.6.2 France Medical Aesthetics Market By Procedure
10.3.3.6.3 France Medical Aesthetics Market By End User
10.3.3.7 UK
10.3.3.7.1 UK Medical Aesthetics Market By Product Type
10.3.3.7.2 UK Medical Aesthetics Market By Procedure
10.3.3.7.3 UK Medical Aesthetics Market By End User
10.3.3.8 Italy
10.3.3.8.1 Italy Medical Aesthetics Market By Product Type
10.3.3.8.2 Italy Medical Aesthetics Market By Procedure
10.3.3.8.3 Italy Medical Aesthetics Market By End User
10.3.3.9 Spain
10.3.3.9.1 Spain Medical Aesthetics Market By Product Type
10.3.3.9.2 Spain Medical Aesthetics Market By Procedure
10.3.3.9.3 Spain Medical Aesthetics Market By End User
10.3.3.10 Netherlands
10.3.3.10.1 Netherlands Medical Aesthetics Market By Product Type
10.3.3.10.2 Netherlands Medical Aesthetics Market By Procedure
10.3.3.10.3 Netherlands Medical Aesthetics Market By End User
10.3.3.11 Switzerland
10.3.3.11.1 Switzerland Medical Aesthetics Market By Product Type
10.3.3.11.2 Switzerland Medical Aesthetics Market By Procedure
10.3.3.11.3 Switzerland Medical Aesthetics Market By End User
10.3.3.12 Austria
10.3.3.12.1 Austria Medical Aesthetics Market By Product Type
10.3.3.12.2 Austria Medical Aesthetics Market By Procedure
10.3.3.12.3 Austria Medical Aesthetics Market By End User
10.3.3.13 Rest of Western Europe
10.3.3.13.1 Rest of Western Europe Medical Aesthetics Market By Product Type
10.3.3.13.2 Rest of Western Europe Medical Aesthetics Market By Procedure
10.3.3.13.3 Rest of Western Europe Medical Aesthetics Market By End User
10.4 Asia-Pacific
10.4.1 Trend Analysis
10.4.2 Asia-Pacific Medical Aesthetics Market by Country
10.4.3 Asia-Pacific Medical Aesthetics Market By Product Type
10.4.4 Asia-Pacific Medical Aesthetics Market By Procedure
10.4.5 Asia-Pacific Medical Aesthetics Market By End User
10.4.6 China
10.4.6.1 China Medical Aesthetics Market By Product Type
10.4.6.2 China Medical Aesthetics Market By Procedure
10.4.6.3 China Medical Aesthetics Market By End User
10.4.7 India
10.4.7.1 India Medical Aesthetics Market By Product Type
10.4.7.2 India Medical Aesthetics Market By Procedure
10.4.7.3 India Medical Aesthetics Market By End User
10.4.8 Japan
10.4.8.1 Japan Medical Aesthetics Market By Product Type
10.4.8.2 Japan Medical Aesthetics Market By Procedure
10.4.8.3 Japan Medical Aesthetics Market By End User
10.4.9 South Korea
10.4.9.1 South Korea Medical Aesthetics Market By Product Type
10.4.9.2 South Korea Medical Aesthetics Market By Procedure
10.4.9.3 South Korea Medical Aesthetics Market By End User
10.4.10 Vietnam
10.4.10.1 Vietnam Medical Aesthetics Market By Product Type
10.4.10.2 Vietnam Medical Aesthetics Market By Procedure
10.4.10.3 Vietnam Medical Aesthetics Market By End User
10.4.11 Singapore
10.4.11.1 Singapore Medical Aesthetics Market By Product Type
10.4.11.2 Singapore Medical Aesthetics Market By Procedure
10.4.11.3 Singapore Medical Aesthetics Market By End User
10.4.12 Australia
10.4.12.1 Australia Medical Aesthetics Market By Product Type
10.4.12.2 Australia Medical Aesthetics Market By Procedure
10.4.12.3 Australia Medical Aesthetics Market By End User
10.4.13 Rest of Asia-Pacific
10.4.13.1 Rest of Asia-Pacific Medical Aesthetics Market By Product Type
10.4.13.2 Rest of Asia-Pacific Medical Aesthetics Market By Procedure
10.4.13.3 Rest of Asia-Pacific Medical Aesthetics Market By End User
10.5 Middle East & Africa
10.5.1 Trend Analysis
10.5.2 Middle East
10.5.2.1 Middle East Medical Aesthetics Market by Country
10.5.2.2 Middle East Medical Aesthetics Market By Product Type
10.5.2.3 Middle East Medical Aesthetics Market By Procedure
10.5.2.4 Middle East Medical Aesthetics Market By End User
10.5.2.5 UAE
10.5.2.5.1 UAE Medical Aesthetics Market By Product Type
10.5.2.5.2 UAE Medical Aesthetics Market By Procedure
10.5.2.5.3 UAE Medical Aesthetics Market By End User
10.5.2.6 Egypt
10.5.2.6.1 Egypt Medical Aesthetics Market By Product Type
10.5.2.6.2 Egypt Medical Aesthetics Market By Procedure
10.5.2.6.3 Egypt Medical Aesthetics Market By End User
10.5.2.7 Saudi Arabia
10.5.2.7.1 Saudi Arabia Medical Aesthetics Market By Product Type
10.5.2.7.2 Saudi Arabia Medical Aesthetics Market By Procedure
10.5.2.7.3 Saudi Arabia Medical Aesthetics Market By End User
10.5.2.8 Qatar
10.5.2.8.1 Qatar Medical Aesthetics Market By Product Type
10.5.2.8.2 Qatar Medical Aesthetics Market By Procedure
10.5.2.8.3 Qatar Medical Aesthetics Market By End User
10.5.2.9 Rest of Middle East
10.5.2.9.1 Rest of Middle East Medical Aesthetics Market By Product Type
10.5.2.9.2 Rest of Middle East Medical Aesthetics Market By Procedure
10.5.2.9.3 Rest of Middle East Medical Aesthetics Market By End User
10.5.3 Africa
10.5.3.1 Africa Medical Aesthetics Market by Country
10.5.3.2 Africa Medical Aesthetics Market By Product Type
10.5.3.3 Africa Medical Aesthetics Market By Procedure
10.5.3.4 Africa Medical Aesthetics Market By End User
10.5.3.5 Nigeria
10.5.3.5.1 Nigeria Medical Aesthetics Market By Product Type
10.5.3.5.2 Nigeria Medical Aesthetics Market By Procedure
10.5.3.5.3 Nigeria Medical Aesthetics Market By End User
10.5.3.6 South Africa
10.5.3.6.1 South Africa Medical Aesthetics Market By Product Type
10.5.3.6.2 South Africa Medical Aesthetics Market By Procedure
10.5.3.6.3 South Africa Medical Aesthetics Market By End User
10.5.3.7 Rest of Africa
10.5.3.7.1 Rest of Africa Medical Aesthetics Market By Product Type
10.5.3.7.2 Rest of Africa Medical Aesthetics Market By Procedure
10.5.3.7.3 Rest of Africa Medical Aesthetics Market By End User
10.6 Latin America
10.6.1 Trend Analysis
10.6.2 Latin America Medical Aesthetics Market by country
10.6.3 Latin America Medical Aesthetics Market By Product Type
10.6.4 Latin America Medical Aesthetics Market By Procedure
10.6.5 Latin America Medical Aesthetics Market By End User
10.6.6 Brazil
10.6.6.1 Brazil Medical Aesthetics Market By Product Type
10.6.6.2 Brazil Medical Aesthetics Market By Procedure
10.6.6.3 Brazil Medical Aesthetics Market By End User
10.6.7 Argentina
10.6.7.1 Argentina Medical Aesthetics Market By Product Type
10.6.7.2 Argentina Medical Aesthetics Market By Procedure
10.6.7.3 Argentina Medical Aesthetics Market By End User
10.6.8 Colombia
10.6.8.1 Colombia Medical Aesthetics Market By Product Type
10.6.8.2 Colombia Medical Aesthetics Market By Procedure
10.6.8.3 Colombia Medical Aesthetics Market By End User
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Medical Aesthetics Market By Product Type
10.6.9.2 Rest of Latin America Medical Aesthetics Market By Procedure
10.6.9.3 Rest of Latin America Medical Aesthetics Market By End User
11. Company Profiles
11.1 Allergan
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 The SNS View
11.2 Johnson & Johnson
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 The SNS View
11.3 Cynosure
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 The SNS View
11.4 AbbVie
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 The SNS View
11.5 Evolus Inc.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 The SNS View
11.6 Revance Therapeutics, Inc.
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 The SNS View
11.7 Galderma
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 The SNS View
11.8 Lumenis
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 The SNS View
11.9 Solta Medical
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 The SNS View
11.10 Syneron Candela
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. Use Case and Best Practices
14. Conclusion
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