Medical Aesthetics Market Size to Reach USD 43.32 Billion, With a CAGR of 11.10% by 2032- Report by Market Research Future
Research Reports
Oct 16, 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
According to MRFR analysis, the Medical Aesthetics Market is expected to register a CAGR of~11.10% from 2023 to 2032 and hold a value of over USD 43.32 Billion by 2032.
The medical aesthetics market refers to the industry and market sector that encompasses the various medical procedures, treatments, and products aimed at enhancing the physical appearance of individuals.
The important market factors influencing the market’s growth and expansion are the expanding popularity of face therapies, including cosmetic operations, as well as the rising obesity and senior population. The popularity of face therapies, including cosmetic operations, is what drives the market CAGR for medical aesthetics. The frequency of cosmetic procedures has been progressively rising in recent years. A significant section of the population is preferring secure, non-invasive procedures like botulinum toxin injections and face fillers due to the advantages offered by these treatments.
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Additionally, the demand for non-energy-based procedures such as facial fillers and injections of botulinum toxin is causing an overall increase in the number of procedures performed. These traits, together with the gender balance in the use of cosmetic procedures, are getting better, creating a general demand for the medical aesthetics industry.
Segmentation
The Market segments of Medical Aesthetics, based on Product, includes Facial Aesthetics, Body Contouring Devices, Cosmetic Implants, Hair Removal Devices, Skin Aesthetic Devices, and Tattoo Removal Devices.
The Medical Aesthetics Market segmentation is based on Technology, Invasive, Non-Invasive, and Minimally Invasive.
The Market segmentation of Medical Aesthetics, based on End-User, includes Hospitals & Clinics and Dermatology & Cosmetic Centers.
Key Players
Some of the key market players are:
- Allergan
- Johnson & Johnson
- Galderma
- Lumenis
- Cynosure
- YOLO Medical
- Tri Dental Implant
- Tecno Gamma
- Merz Pharmaceuticals GmbH (Germany)
- Bausch Health
Regional Analysis
Due to rising interest in cosmetic surgery, the North American Medical Aesthetics market region is poised to become the industry leader. Market expansion in North America will also be helped by the rising popularity of both minimally invasive and invasive surgical treatments.
The growing demand for non-invasive procedures and the popularity of medical tourism—in which patients travel from other countries to receive care in places like Germany, Spain, and the United Kingdom—are two factors fueling the market growth in Europe.
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It is anticipated that the market for medical aesthetics in the Asia-Pacific region would expand rapidly throughout the forecast time frame. Over the forecast period, the market in this area is expected to grow significantly due to rising consumer awareness and interest in the procedures involved in developing regional economies, as well as the promotional methods employed by current market participants. In addition, the company is benefiting greatly from the increase in investment in healthcare tourism.
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