Medical Aesthetics Market Sales Revenue, Key Vendors Analysis, Future Trends and Market Growth
Research Reports
Sep 11, 2023
Medical Aesthetics Market Research Report: Information by Product (Facial Aesthetic, Body Contouring, Cosmetic Implants, Hair Removal, Skin Aesthetic Devices, and Tattoo Removal Devices), By Technology (Invasive, Non-Invasive, and Minimally Invasive), By End User (Hospitals & Clinics and Dermatology & Cosmetic Centers), And by Region (North America, Europe, Asia-Pacific, And Rest of The World) –Market Forecast Till 2032
The global medical aesthetics market has been experiencing robust growth in recent years, and this trend is expected to continue. Factors such as an aging population, increasing disposable income, and changing beauty standards have contributed to the market’s expansion. Medical aesthetics encompasses a broad spectrum of procedures, including but not limited to Botox injections, dermal fillers, laser hair removal, and body contouring.
The Medical Aesthetics Market Size was anticipated at USD 16.8 Billion in 2022 and is projected to grow from USD 18.66 Billion in 2023 to USD 43.32 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.10% during the forecast period (2023 – 2032).
Since the coronavirus epidemic, there have been many changes in how individuals live their lives, how the corporate world operates, and how business and market units function and respond to the demands of their respective audiences. The medical aesthetics industry is unique, and it is also suffering from the pandemic’s consequences. Demand is decreasing as healthcare personnel and medical staff such as physicians and nurses are diverted to treat persons who have been diagnosed with coronavirus sickness. Furthermore, the epidemic has compelled individuals to make significant modifications in their way of life and shift their preferences toward healthier and more comfortable alternatives.
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Market Segmentation:
By type: Medical aesthetics market manufacturers and producers operate in the market by offering items such as face aesthetic products, body contouring devices, fat reduction, and cellular reduction devices, cosmetic implants, hair removal devices, and skin aesthetics, among others.
By Technology: Invasive, non-invasive, minimally invasive, and other technologies are available in the medical aesthetics sector.
By market end-users: Hospitals, care centers, clinics, medical spas, cosmetic and beauty shops, and home care centers are among the end-users in the medical aesthetics industry.
Competition Outlook
The medical aesthetics market will rise as a consequence of the joint efforts of global market participants. The following are the major players in the medical aesthetics market: AbbVie-Allergan (US) Inc., Medytox (South Korea), Galderma dermatitis (Switzerland), Alma Lasers Inc. (Israel), Merz Pharma GmbH & Co. KGaA is a pharmaceutical company based in Germany (Germany), cyanosis (US), d.o.o. Fotona d.o.o (Slovenia), Anika Therapeutics Inc. (US), Johnson & Johnson (J&J) (US) Inc., Cutera (US), S.p.An (Italy)
Regional Classification:
The global medical aesthetics market, based on region, identifies trends and opportunities across the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
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The Americas is expected to command the largest market share due to a well-developed healthcare sector, growing demand for beauty treatments, rising interest in anti-aging cosmetic procedures, and the presence of prominent players. Moreover, facial rejuvenation procedures are expected to in high demand, as 2017 marked the highest number of botulinum toxin type A or botox injections to date, with over 7.2 million injections.
Europe held a substantial share in the global medical aesthetics market. This can be attributed to the increasing support from governments, a sizeable geriatric population, and high healthcare spending.
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APAC is estimated to be the fastest-growing region in the global market owing to the swift rise in tattoo removal procedures, high demand for liposuction and hair transplantation by the growing obese and geriatric population, and establishment of various private hospitals.
The medical aesthetics market in the MEA is expected to witness a steady growth rate during the assessment period due to investments in the healthcare sector and demand for anti-aging products.
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