Aesthetic Medicine Market
Aesthetic Medicine Market - Global Industry Assessment & Forecast
- By Type Surgical, Non-Surgical
- By Product Energy-Based, Non Energy-Based, Others
- By Gender Male, Female
- By End Use Hospitals, Ambulatory Surgical Centers, Beauty Centers and Medical Spas, Dermatology Clinics, Home Settings
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
|Forecast Years:||2023 - 2030|
|Historical Years:||2017 - 2021|
|Revenue 2022:||USD 67.58 Billion|
|Revenue 2030:||USD 134.68 Billion|
|Revenue CAGR (2023 - 2030):||9.00%|
|Fastest Growing Region (2023 - 2030)||Asia Pacific|
|Largest Region (2022):||North America|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
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Global Aesthetic Medicine Market
Aesthetic Medicine Market- By Type, Product, Gender, End Use, and Region.
Global Aesthetic Medicine Market is valued at USD 67.58 Billion in the year 2022 and is expected to reach a value of USD 134.68 Billion by the year 2030. The Global Market is forecasted to grow exhibiting a Compound Annual Growth Rate (CAGR) of 9.00% over the forecast period.
Aesthetic Medicine Market Size, 2022 To 2030 (USD Billion)
The increasing public awareness associated with the cosmetics procedures, and the accessibility of technologically advanced user-friendly products are the prime factors driving the growth of the Aesthetic Medicine Market during the forecast period. Moreover, the growing awareness among healthcare professionals and patients regarding the advantages of Aesthetic Medicine has left a positive impact on the Aesthetic Medicine Market growth during the forecast period.
Furthermore, advancements in the non-surgical and surgical aesthetic procedures are also predicted to act as a primary key driver for the expansion of the Aesthetic Medicine Market in the upcoming years. Moreover, the increasing urge to appear young and fit has boosted the demand for aesthetic treatment in emerging countries during the forecast period. In addition, the collaborative strategies of companies for research and development, and the increasing awareness among the population regarding Aesthetic Medicine are further expected to propel market growth in the years to come.
Whereas, Aesthetic Medicine particularly focuses on altering the cosmetics appearance of the person to her/his desire which is responsible for the increasing demand for Aesthetic Medicine during the forecast period and is predicted to grow in the coming years. Besides, the clinical risk, and complications associated with medical aesthetic procedures, are expected to hamper the Aesthetic Medicine Market growth during the forecast period.
Additionally, it is widely adopted to treat the conditions such as excess fat, scars, skin discoloration, wrinkles, and moles among others which are fueling the growth of the Aesthetic Medicine Market during the forecast period.
The Aesthetic Medicine Market is segmented on the basis of type, product, gender, and end-user. Based on type, the market is segmented as Surgical and Non-surgical. Based on product, the market is segmented as Energy-based, non-Energy-based, and Others. Based on gender, the market is segmented as Male and Female. Based on end-user, the market is segmented as Hospitals, Ambulatory surgical centers, Beauty centers and medical spas, Dermatology clinics, and home settings.
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Based on Type:
Based on type, the market is segmented as Surgical and Non-surgical. The non-surgical segment is accounted to hold the largest revenue share in the Aesthetic Medicine Market during the forecast period. The non-surgical methods include cryolipolysis, and facial injectables which help in correcting facial lines, wrinkles, and reduction of undesirable fats in a short time period with insignificant side effects, which are driving the growth of the non-surgical segment in the Aesthetic Medicine Market during the forecast period.
Based on End-Users:
Based on end-users, the market is segmented as Hospitals, Ambulatory surgical centers, Beauty centers and medical spas, dermatology clinics, and home settings. The hospital's segment is predicted to acquire the largest revenue share of the Aesthetic Medicine Market during the forecast period. The accessibility of sophisticated professional devices, availability of skilled professionals, and strict legislative guidelines for usage are the major factors driving the growth of the hospital segment during the forecast period. Moreover, the home care settings are witnessing increased demand owing to increasing patients’ preferences to avoid clinics and hospitals.
North America Region Dominates the Aesthetic Medicine Market with the Largest Share
North America is projected to acquire the largest share of the Aesthetic Medicine Market during the forecast period. The increasing prevalence of skin disorders, adoption of cosmetic procedures, and presence of skilled and board-certified surgeons in North America are some of the prime factors contributing to the growth of the Aesthetic Medicine Market in the North American region during the forecast period.
The Asia Pacific to Grow with the Fastest CAGR Over Forecast Period
The Asia Pacific is expected to register the fastest growth during the forecast period. the rising demand in the countries such as India, China, and South Korea is predicted to have a positive impact on the market growth in the coming years. The rise in medical tourism especially in Asian countries is helping to grow rapidly in the Asia Pacific region. The increasing preference of the consumers toward a healthy lifestyle along with the growing disposable income is fueling the Aesthetic Medicine Market during the forecast period.
The key players in the Global Aesthetic Medicine Market include- AbbVie (Allergan), Alma Lasers, Cynosure, Galderma, LUMENIS Inc, Johnson & Johnson, Merz Aesthetics, PHOTOMEDEX, Syneron Candela, CUTERA Inc., Bausch Health Companies Inc. and others.
Segmentation of the Global Aesthetic Medicine Market:
|Regions & Countries Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Frequently Asked Question
What is the global demand for Aesthetic Medicine in terms of revenue?
The global Aesthetic Medicine valued at USD 67.58 Billion in 2022 and is expected to reach USD 134.68 Billion in 2030 growing at a CAGR of 9.00%.
Which are the prominent players in the market?
The prominent players in the market are AbbVie (Allergan), Alma Lasers, Cynosure, Galderma, LUMENIS Inc, Johnson & Johnson, Merz Aesthetics, PHOTOMEDEX, Syneron Candela, CUTERA Inc., Bausch Health Companies Inc..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 9.00% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
The driving factors of the Aesthetic Medicine include
- Growing adoption of minimally invasive and noninvasive aesthetic procedures
Which region accounted for the largest share in the market?
North America was the leading regional segment of the Aesthetic Medicine in 2022.