Aesthetic Medicine Market

Global Aesthetic Medicine Market

Aesthetic Medicine Market- By Type, Product, Gender, End Use, and Region.

Market Synopsis:

Global Aesthetic Medicine Market is valued at USD 62.8 Billion in the year 2021 and is expected to reach a value of USD 107 Billion by the year 2028. The Global Market is forecasted to grow exhibiting a Compound Annual Growth Rate (CAGR) of 9.3% over the forecast period.

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.

Market Segmentation:

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.

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.

Competitive Landscape:

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: