USD 13.1 billion
Report ID: SQMIG35B2082 | Region: Global | Published Date: February, 2024 | Pages: 263 | Tables: 146 | Figures: 78
Medical Aesthetics Market size was valued at USD 13.1 billion in 2021 and is poised to grow from USD 14.4 billion in 2022 to USD 35.6 billion by 2030, growing at a CAGR of 10.1% in the forecast period (2023-2030).
Medical aesthetics includes medical treatments for improving the cosmetic appearance of patients by curing scars, skin laxity, wrinkles, moles, and liver spots. Dermatology, dental and maxillofacial surgery, reconstructive surgery, and plastic surgery are traditional ones.
Medical aesthetic treatments are not extreme as compared to surgical interventions (aesthetic medical treatments also known as non-surgical cosmetic treatments), which includes procedures like facelifts, breast augmentations, or liposuction. Moreover, the increasing focus on physical appearance has increased the use of these invasive procedures. Lifestyle changes and obesity among people are increasing and are affecting mostly the elderly people, resulting in increasing growth of the market over the forecast period. The rising awareness and demand for aesthetic beauty, which is expected to lead to rising demand for these procedures, are two major factors driving the market expansion. The minimally invasive nature of these procedures, the lowering of taboos surrounding such medical aesthetic procedures, and the rising disposable incomes, especially in emerging markets, are some of the factors that are anticipated to contribute to the significant growth of the market.
US Medical Aesthetics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 13.1 billion
Facial aesthetic products
Facial aesthetic products
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Global medical aesthetics market is segmented based on the product type, application, end-user, technology, distribution channel, and region. Based on product type, global market is segmented cosmetic implants, facial aesthetic products. body contouring devices, skin aesthetic devices, and others. Based on application, the market is segmented into facial and body contouring, breast augmentation, facial and skin rejuvenation, and others. Based on end-user, the market is segmented into Hospitals, dermatology clinics, medical spas and beauty centers, and home care. By Technology, the market is segmented into Invasive, Non-Invasive, Minimally Invasive, Other Technologies. By Distribution Channel, the market is segmented into Direct Tender, Retail. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Medical Aesthetics Market Analysis by Product Type
Based on product type, global medical aesthetics market is segmented cosmetic implants, facial aesthetic products, body contouring devices, skin aesthetic devices, and others. Among others, the facial aesthetic products segment is anticipated to hold the largest market share during the forecast period, and will likely grow at the highest CAGR from 2022 to 2028 owing to the growing popularity of facial aesthetic treatments, increasing spending power due to growing disposable income, and because of the elderly population across the globe.
Medical Aesthetics Market Analysis by Application
Based on application, the medical aesthetics market is segmented into facial and body contouring, breast augmentation, facial and skin rejuvenation, and others.
Among others, the breast augmentation segment is likely to obtain the largest market share and further hold the highest growth rate during the given forecast period owing to the focus on the improvement of physical appearance such as breast implants or fat transfer to enhance the breasts.
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North America held the largest of the medical aesthetics market revenue share in 2021 and will likely retain the same during the aforementioned forecast period due to the improved healthcare infrastructure, usage of cosmetic procedures, increasing skin disorders, availability of advanced technologies, and the availability of board-certified and professional cosmetic surgeons in the region. The US is the largest contributor to the regional market.
Asia Pacific is anticipated to experience the highest CAGR during the forecast period due to the region's significant rise in the use of cosmetic procedures, which is being fueled by factors such as the region's expanding middle class and rising disposable income, rising skin treatment awareness, aging populations, fading social stigma and taboos associated with these procedures, and the rising number of medical tourists in the region.
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Medical Aesthetics MarketDriver
Medical Aesthetics Market Restraint
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Global medical aesthetics market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Medical Aesthetics Market Top Player's Company Profiles
Alma Lasers Ltd.
Johnson & Johnson Services, Inc.
Merz Pharma GmbH & Co. KGaA
Nestlé Skin Health S.A.
Sinclair Pharma plc
Syneron Medical Ltd.
Solta Medical, Inc.
Suneva Medical, Inc.
Valeant Pharmaceuticals International, Inc.
Venus Concept Canada Corp.
ZELTIQ Aesthetics, Inc.
Zimmer Biomet Holdings, Inc.
Medical Aesthetics Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global medical aesthetics market analysis, due to the increasing prevalence of skin disorders and others, North America is currently leading the global market. Due to major changes in technologies in terms of advancement and investments in research and development, plastic surgeries, breast implants, and others, the market will significantly rise during the forecast period. Moreover, due to the stringent regulations manufacturers are focussing on developing safer and more effective anti-aging treatments which can directly impact consumers, resulting in boosting market growth.
|Market size value in 2021
|USD 13.1 billion
|Market size value in 2030
|USD 35.6 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Medical Aesthetics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Medical Aesthetics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Medical Aesthetics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Medical Aesthetics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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