Global Medical Aesthetics Market

Global Medical Aesthetics Market Size, Share, Growth Analysis, By Product type(Cosmetic implants, facial aesthetic products. body contouring devices), By Application(Facial and body contouring, breast augmentation), By End-user(Hospitals, dermatology clinics), By Technology(Invasive, Non-Invasive), By Distribution Channel(Direct Tender and Retail) - Industry Forecast 2023-2030


Report ID: SQMIG35B2082 | Region: Global | Published Date: February, 2024 | Pages: 263 | Tables: 146 | Figures: 78

Global Medical Aesthetics Market Insights

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.

Market snapshot - 2023-2030

Global Market Size

USD 13.1 billion

Largest Segment

Facial aesthetic products

Fastest Growth

Facial aesthetic products

Growth Rate

10.1% CAGR

Global Medical Aesthetics Market ($ Bn)
Country Share for North America Region (%)
Global Medical Aesthetics Market By Product Type ($ Bn)
Global Medical Aesthetics Market By Product Type (%)

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Global Medical Aesthetics Market Segmental Analysis

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.

Global Medical Aesthetics Market By Product Type, 2021 (%)

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Global Medical Aesthetics Market Regional Insights

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.

Global Medical Aesthetics Market By Region, 2023-2030
  • Largest
  • Fastest

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Global Medical Aesthetics Market Dynamics

Medical Aesthetics MarketDriver

  • The rising demand for aesthetic procedures that are less invasive such as dermal fillings and botulinum toxin A (BoNTA) is surging the growth of the medical aesthetics market during the forecast period. Nonsurgical facial rejuvenation using botulinum toxin and hyaluronic acid is highly adopted in Middle East and other regions. Moreover, facial rhythm correction and loss of volume are the result of aesthetic rejuvenation of the face; botulinum toxin injections are applied to correct dynamic rhytides, whereas dermal fillers help to increase the volume and improve static rhytides. The low cost and increasing aging population are driving the demand for dermal fillers.

Medical Aesthetics Market Restraint 

  • Due to the possible chances of various side effects of medical aesthetic procedures, patients are anticipated to experience complications during or after the treatment. However, it depends on the healing ability of patients. So, unskilled professionals working on the procedures may create more complications such as infection, excessive bleeding, and others.

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Global Medical Aesthetics Market Competitive Landscape

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  

  • Allergan plc

     

  • Alma Lasers Ltd.

     

  • Galderma S.A.

     

  • Johnson & Johnson Services, Inc.

     

  • Lumenis Ltd.

     

  • Merz Pharma GmbH & Co. KGaA

     

  • Nestlé Skin Health S.A.

     

  • Photomedex, Inc.

     

  • Sciton, Inc.

     

  • 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.

     

  • 3M Company

Medical Aesthetics Market Recent Developments

  • In January 2022, Sientra declared its acquisition of novel fat grafting technology from Auragen Aesthetics, LLC, which Accelerates Sientra’s vision for shaping the art & science of plastic surgery beyond breast products to be a key player in the medical aesthetics market.
  • In December 2021, Allergen Aesthetics, a part of AbbVie, captured Soliton, Inc., a medical technology company. This will however, strengthen its portfolio of non-invasive body contouring treatments.

Global Medical Aesthetics Key Market Trends

  • Increasing popularity of the elective aesthetic procedures is currently a trend. Nonsurgical facial rejuvenation using botulinum toxin and hyaluronic acid is getting popular in different regions that are further supporting the market growth.
  • People with darker skin types frequently look into alternative medical procedures that might help them achieve a fairer complexion or a lighter skin tone. The majority of people in India have darker skin tones. Consequently, there is always a need for this procedure. In conclusion, glutathione has seen a significant increase in popularity worldwide after being hailed for decades in countries like the Republic of the Philippines as a "magical skin whitening" molecule. Despite all the controversy, glutathione therapy for skin whitening is increasingly popular in India, where the majority of aesthetic clinics now offer IV-based glutathione therapy.

Global Medical Aesthetics Market SkyQuest Analysis

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.

Report Metric Details
Market size value in 2021 USD 13.1 billion
Market size value in 2030 USD 35.6 billion
Growth Rate 10.1%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Product type
    • Cosmetic implants, facial aesthetic products. body contouring devices, skin aesthetic devices, and others
  • Application
    • Facial and body contouring, breast augmentation, facial and skin rejuvenation, and others
  • End-user
    • Hospitals, dermatology clinics, medical spas and beauty centers, and home care
  • Technology
    • Invasive, Non-Invasive, Minimally Invasive, Other Technologies
  • Distribution Channel
    • Direct Tender and Retail
Regions covered 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)
Companies covered
  • Allergan plc

     

  • Alma Lasers Ltd.

     

  • Galderma S.A.

     

  • Johnson & Johnson Services, Inc.

     

  • Lumenis Ltd.

     

  • Merz Pharma GmbH & Co. KGaA

     

  • Nestlé Skin Health S.A.

     

  • Photomedex, Inc.

     

  • Sciton, Inc.

     

  • 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.

     

  • 3M Company

Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Medical Aesthetics Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Medical Aesthetics Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

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.

Analyst Support

Customization Options

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.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

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).

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. 'Cynosure', 'Cutera', ' Allergan plc   ', ' Alma Lasers Ltd.   ', ' Galderma S.A.   ', ' Johnson & Johnson Services, Inc.   ', ' Lumenis Ltd.   ', ' Merz Pharma GmbH & Co. KGaA   ', ' Nestlé Skin Health S.A.   ', ' Photomedex, Inc.   ', ' Sciton, Inc.   ', ' 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.   ', ' 3M Company '

The rising demand for aesthetic procedures that are less invasive such as dermal fillings and botulinum toxin A (BoNTA) is surging the growth of the medical aesthetics market during the forecast period. Nonsurgical facial rejuvenation using botulinum toxin and hyaluronic acid is highly adopted in Middle East and other regions. Moreover, facial rhythm correction and loss of volume are the result of aesthetic rejuvenation of the face; botulinum toxin injections are applied to correct dynamic rhytides, whereas dermal fillers help to increase the volume and improve static rhytides. The low cost and increasing aging population are driving the demand for dermal fillers.

Increasing popularity of the elective aesthetic procedures is currently a trend. Nonsurgical facial rejuvenation using botulinum toxin and hyaluronic acid is getting popular in different regions that are further supporting the market growth.

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.

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Global Medical Aesthetics Market

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