Medical Aesthetics Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: LS231013 | Research Suite: Report (PDF) & Market Data (Excel)
Introduction:
In the realm of medical aesthetics, otherwise referred to as the field of aesthetic medicine, we encounter a highly specialized sector within the domain of healthcare, diligently committed to the augmentation of an individual's physical appearance via non-invasive and minimally invasive medical procedures. These interventions are explicitly designed to ameliorate aesthetic concerns such as the diminishment of wrinkles, the mitigation of fine lines, the attenuation of sagging skin, the reduction of surplus adipose tissue, and other observable manifestations of the aging process.
This sphere is spearheaded by adept and credentialed healthcare professionals, encompassing dermatologists, plastic surgeons, cosmetic physicians, and registered nurses, all of whom have undergone extensive and specialized training. The customary procedures within this discipline encompass the administration of Botox injections for the purpose of wrinkle reduction, the application of dermal fillers to augment facial contours, the utilization of laser treatments for both depilation and skin rejuvenation, as well as the employment of body sculpting techniques such as liposuction or non-invasive methods for fat reduction.
The primary aim inherent in the realm of medical aesthetics lies in furnishing patients with secure and efficacious solutions, thereby augmenting their self-assurance and overall state of well-being, all the while addressing a diverse array of cosmetic concerns. The global medical aesthetics market is anticipated to experience a substantial growth due to the increasing disposable income in emerging economies, the fast-paced and competitive nature of modern life has prompted many individuals to seek aesthetic treatments to boost their confidence and self-esteem, and as the global population ages, there is an increased demand for anti-aging treatments.
The medical aesthetics market is anticipated to reach
USD XXX.X million by 2030 from USD XXX.X million in 2022, at a CAGR of 6.7%
during the forecast period.
The preference for non-invasive and minimally invasive
procedures over surgical options, and continuous research and development in
medical technologies are expanding the range of aesthetic treatments, which is
expected to further boost the global medical aesthetics market during the
forecast period 2023-2030.
Growth Drivers:
In an era marked by the
progressive maturation of the global populace, an emergent desire for
interventions in the domain of aesthetics has arisen, aimed at mitigating the
conspicuous manifestations of the aging process. These manifestations
encompass, but are not confined to, the emergence of wrinkles, subtle creases,
and the loosening of dermal elasticity. This demographic shift has, in a
substantial manner, magnified the requisition for facial aesthetic commodities
and methodologies designed to revitalize the integumentary system.
The upswing in disposable
income, notably within emerging economies, has rendered aesthetic interventions
within the reach of a more extensive demographic. Individuals are now disposed
to allocate resources towards the augmentation of their physical appearance,
thereby propelling the expansion of the medical aesthetics market.
The predilection for
non-intrusive and minimally intrusive interventions has undergone substantial
augmentation when juxtaposed with surgical alternatives. Non-surgical remedies
proffer abbreviated recuperation periods, diminished perils, and outcomes
imbued with a heightened semblance of naturalness, thereby rendering them
enticing to a wider spectrum of patients.
The onset of the COVID-19
pandemic precipitated an expedited assimilation of telehealth practices within
the sphere of Medical Aesthetics. Virtual consultations, remote surveillance,
and digital post-treatment assessments assumed a pivotal role in preserving the
continuum of patient care, particularly in the face of lockdowns and travel
constrictions.
Unceasing progressions in the
field of medical technologies have been the impetus behind the conception of
interventions that are imbued with greater safety, heightened efficacy, and a
decreased invasiveness in the domain of aesthetics. Pioneering contrivances,
exemplified by laser technology and non-intrusive therapeutic modalities, have
broadened the array of choices at the disposal of patients, concurrently
ameliorating the consequences of their treatments.
Medical
Aesthetics Segmentation:
By Product Type:
·
Skin
Aesthetic Devices
o Nonsurgical Skin Tightening
Devices
o Laser Skin Resurfacing
Devices
o Micro Needling Products
o Light Therapy Devices
·
Facial
Aesthetic Products
o Botulinum
o Dermal Fillers
o Microdermabrasion Products
o Chemical Peels
·
Cosmetics
Implants
o Breast Implants
§ Silicone Breast Implants
§ Saline Breast Implants
o Gluteal Implants
o Facial Implants
·
Body
Contouring Devices
o Nonsurgical Fat Reduction
Devices
o Cellulite Reduction Devices
o Liposuctions Devices
·
Hair
Removal Devices
o Laser Hair Removal Devices
o IPR hair Removal Devices
·
Physician-Dispensed
Cosmeceutical and Skin Lighteners
·
Tattoo
Removal Devices
·
Thread
Lift Products
·
Nail
Treatment Laser Devices
·
Physician-Dispensed
Laser Devices
By Application:
·
Surgical
Application
o
Breast
Enhancement
o
Rhinoplasty
o
Facelift
and Body Lift
o
Other
Surgical Procedures
·
Non-Surgical
Application
o
Anti-Aging
and Skin Rejuvenation
o
Tattoo
and Scar Removal
o
Hair
Removal
o
Lipolysis
o
Other
Non-Surgical Procedures
By End-User:
·
Hospitals, Clinics, And
Medical Spas
·
Beauty Centers
·
Home Care Settings
By
Region:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa
Medical
Aesthetics Market by Product Type Review:
Based on the product type, the medical aesthetics market is segmented into ten segments including the skin aesthetic devices, facial aesthetic products, cosmetics implants, body contouring devices, hair removal devices, physician-dispensed cosmeceutical and skin lighteners, tattoo removal devices, thread lift products, nail treatment laser devices, and physician-dispensed laser devices. On the basis of product type, the facial aesthetic products segment is expected to dominate the market in terms of market share, while the body contouring devices segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.
Medical Aesthetics Market by Application Review:
Based on the application, the
medical aesthetics market is segmented into surgical application, which is
further sub-segmented into breast enhancement, rhinoplasty, facelift and body
lift, and other surgical procedures, and non-surgical applications, which is
further sub-segmented into anti-aging and skin rejuvenation, tattoo and scar
removal, hair removal, lipolysis, and other non-surgical procedures. On the
basis of application, the non-surgical application segment is expected to be
the largest in terms of market share, while the segment is also forecasted to
grow at the highest rate in terms of CAGR during the forecast period. This
growth is primarily driven by advancements in non-invasive and minimally
invasive technologies, which have made these procedures more effective, with
shorter recovery times.
Medical Aesthetics Market by End-User Review:
Based on the end-user, the medical
aesthetics market is segmented into three segments including the hospitals,
clinics, and medical spas, beauty centers, and home care settings. On the basis
of application, the hospitals, clinics, and medical spas segment is expected to
be the largest in terms of market share, while the beauty centers segment is
predicted to grow at the highest rate in terms of CAGR during the forecast
period.
Regional Outlook:
The medical aesthetics market research report offers
detailed analysis and forecasts for five major regions i.e., North America,
Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.
The North
America region is forecasted to dominate the global medical aesthetics market
followed by Asia Pacific, Europe, Latin America, and Middle East & Africa during
the forecast period 2023-2030.
The North America region is forecasted to maintain its dominant position in the global medical aesthetics market, accounting for a projected market share of XX.X% in 2022. In North America, the local medical aesthetics market thrives due to its robust healthcare infrastructure, a dedicated emphasis on cosmetic and aesthetic enhancements, a surging demand for non-surgical and minimally invasive interventions, and the escalating elderly demographic. North America stands as a nucleus for pioneering medical technology and innovation. The region consistently witnesses progress in the creation of novel aesthetic procedures and cutting-edge devices, a focal point on tailor-made therapeutic approaches, an increased adoption of non-invasive techniques, and a mounting interest in holistic well-being and beauty. These factors are anticipated to provide further impetus to the North American medical aesthetics market throughout the forecast period spanning from 2023 to 2030.
The
growing aging population in North America has contributed significantly to the
demand for medical aesthetics. Baby boomers and older individuals are seeking
treatments to reduce the signs of aging, such as wrinkles, fine lines, and
sagging skin. Furthermore, North American culture places a strong emphasis on
physical appearance and beauty. This cultural trend has driven individuals to
explore various aesthetic treatments to enhance their looks.
Moreover,
the region's commitment to innovation and technology has resulted in the
availability of advanced and highly effective aesthetic procedures, attracting
patients seeking the best results, which is expected to further drive the
market growth in the region during the forecast period.
Asia Pacific is the fastest growing market in terms of
CAGR during the forecast period. The middle-class population's expansion,
coupled with increasing disposable income, and a growing awareness of aesthetic
treatments have fueled significant growth in the Asia Pacific region.
Furthermore, the globalization of beauty standards has contributed to the
growth of the medical aesthetics market. People in APAC countries seek to align
with these standards, contributing to the expansion of the market. Moreover,
ongoing advancements in medical technologies, such as advanced laser therapies
and minimally invasive procedures, are making treatments more accessible,
effective, and safer, which is expected to further boost the market growth in
Asia Pacific during the forecast period 2023-2030.
Key Companies in Medical Aesthetics Market:
The research report offers a competitive analysis of
prominent companies operating in the medical aesthetics market. Some of the
leading players profiled in the market research report include:
·
AbbVie,
Inc.
·
Alma
Lasers Ltd.
·
Cynosure,
LLC.
·
Galderma
S.A.
·
Bausch
Health Companies, Inc.
·
Lumenis
Be Ltd.
·
Merz
Pharma GmbH & Co. KGaA
·
Candela
Corporation
·
Aerolase
Corp.
·
Asclepion
Laser Technologies GmbH
·
Cutera.
·
Other
Players