Medical Aesthetics Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

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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

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