Medical Aesthetics Market
Medical Aesthetics Market by Product (Facial Aesthetic Products, Dermal Fillers, Botulinum Toxin, Microdermabrasion), by End User (Clinics Hospitals and Medical Spas, Beauty Centers, Home Care), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
|Forecast Years for Medical Aesthetics Market:||2022 - 2028|
|Historical Years for Medical Aesthetics Market:||2016 - 2021|
|Revenue 2021 for Medical Aesthetics Market:||USD 10.46 Billion|
|Revenue 2028 for Medical Aesthetics :||USD 22.14 Billion|
|Revenue CAGR (2022 - 2028) for Medical Aesthetics Market :||11.3 %|
|Fastest Growing Region (2022 - 2028) for Medical Aesthetics Market:||Asia Pacific|
|Largest Region (2021) for Medical Aesthetics Market:||North America|
Medical Aesthetics Market: By Product, End-User, and Region
Global Medical Aesthetics market is valued at USD 10.46 Billion in 2021 and estimated to reach a value of USD 22.14 Billion by 2028 at a CAGR of 11.3 % during the forecast period, 2022–2028. Medical Aesthetics are quite simple, but physical appearance is very important factor in the human society today. Everyone wants to look fit and young no matter what age they are or how much money they have. The fact that people are getting more aware about different treatment options - thanks to TV shows and Movies - might also be one of the reasons why this industry has grown so much worldwide over the past years. Boosting confidence levels of individuals which leads them to treat themselves better is another reason why this industry is growing at such a fast pace every day.
The demand for Medical Aesthetics is increasing because it offers an alternative to surgery. Men and women are using various Medical Aesthetics such as rejuvenation, slimming procedures, anti-ageing procedures, treatment of cellulite, and liposuction to improve the appearance without invasive techniques. It has been found that more consumers are turning to these procedure as most of the treatments have minimal risk but offer impressive results. There are also economic reasons behind this trend as well as physical ones. Medicine has become more advanced in certain areas which means that techniques are better now than they were before. The fact that there are no incisions involved in most cases makes Medical Aesthetics ideal for middle-aged and older adults who want to look younger without going under the knife. They can achieve great results with minimum downtime required.
Global Medical Aesthetics market is segmented by product (Botox, dermal filler, liposuction, cellulite reduction, fat reduction, skin tightening, breast implant, tattoo removal, thread lift), end user (clinic, medical spa, hospital, beauty center), and region.
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By Product Type, Facial Aesthetic Segment to Enjoy Highest Share of the Medical Aesthetic Market
Nowadays, women across various age groups are going for cosmetic surgery and aesthetics treatments such as Botox injections, filler, and facelifts etc., either they feel that their skin is losing its elasticity because of ageing. Femininity and beauty are the most important considerations in a woman's life, especially if she wants to be attractive to men. In recent times, there has been a surge in women opting for facial aesthetics. They want their faces enhanced using different techniques like Botox, Fillers, fat grafting etc., not only because they want to look more beautiful but also feel much younger than their real age.
Growing Demand for Minimally Invasive Cosmetic Procedures to Drive Medical Aesthetic Market
Minimally invasive cosmetic procedures are gaining popularity, as they offer numerous benefits over their surgical counterparts; the procedure is performed without anesthesia or hospitalization. Minimally invasive surgeries are now globally recognized and accepted, with the number of hospitals offering these services growing exponentially worldwide. As availability increases, consumer awareness about minimally invasive procedures will also likely to increase. This will drive growth in the market over the forecast period; however, it is estimated that surgery-based aesthetic procedures will still account for a significant share of the overall market.
Demand for Anti-Aging Treatments Expected to Increase
Patients seeking treatment for skin rejuvenation are increasing due to stress and unhealthy lifestyles, which leads to a breakdown of collagen and elastin, resulting in a loss of skin elasticity. Growing life expectancy worldwide has also increased demand for anti-aging treatments, as consumers are now more aware of the benefits of regular skin rejuvenation procedures. However, lack of availability and affordability still remain key restraints affecting growth over the forecast period.
North America to Continue Dominating Global Medical Aesthetic Market
More than one in every three dollars spent on Medical Aesthetics is US-based with Canadians spending the second most. With US consumers mostly interested in non-invasive "lunchtime lifts" and laser hair removal, the US accounts for USD1.4 billion on aesthetic improvements. This US data also underlines that US consumers use an average of 2.6 treatment sessions for body contouring procedures and 4.2 sessions for non-invasive fat removal treatments like cool sculpting and non-surgical fat reduction. It has found that most of the average American spend around USD 1,700 on soft-tissue augmentation procedures.
Canada is the second largest consumer of Medical Aesthetics due to the high demand of cosmetic surgery and beauty products. Cosmetic surgery in Canada is more popular than ever with its increasing number of people undergoing procedures such as liposuction, breast implants and facelifts. This is because medical treatments are very accessible in Canada and the US, making it a main choice for residents who want to improve their quality of life. US and Canadian consumers are also known to spend the most on beauty products like makeup, skincare products, fragrances and hair care.
Medytox, Inc. (South Korea), Alma Lasers, Ltd. (Israel), Allergan-AbbVie (US), Anika Therapeutics (US), Cynosure (US), Cutera, Inc. (US), Fotona d.o.o. (Slovenia), El.En. S.p.A. (Italy), Galderma (Switzerland), Merz Pharma GmbH & Co. KGaA (Germany), and Johnson & Johnson (US).
|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 Questions
the global demand for Medical Aesthetics
in terms of revenue?
The global Medical Aesthetics valued at USD 10.46 Billion in 2020 and is expected to reach USD 22.14 Billion in 2028 growing at a CAGR of 11.3 %
are the prominent players
in the market?
The prominent players in the market are Medytox, Inc. (South Korea), Alma Lasers, Ltd. (Israel), Allergan-AbbVie (US), Anika Therapeutics (US), Cynosure (US), Cutera, Inc. (US), Fotona d.o.o. (Slovenia), El.En. S.p.A. (Italy), Galderma (Switzerland), Merz Pharma GmbH & Co. KGaA (Germany), and Johnson & Johnson (US)..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 11.3 % between 2021 and 2028.
the driving factors
fueling the growth of the market.
The driving factors of the Medical Aesthetics include
- Growing Focus on Improving Personal Appearance
region accounted for the
largest share in the market?
North America was the leading regional segment of the Medical Aesthetics in 2020.