Medical Aesthetics Market is segmented by Product segment (Botox, Dermal Filler, Liposuction, Cellulite Reduction, Fat Reduction, Skin Tightening, Breast Implant, Tattoo Removal, Thread Lift), by End User (Clinic, Medical Spa, Hospital, Beauty Center)
Medical Aesthetics is focused on altering appearance cosmetically which includes treating scars, wrinkles, excessive fats, cellulite, unwanted hair, and skin discoloration among others.
Medical Aesthetics Market Growth and Trend
The market has projected a rapid growth of 10.9% CAGR reaching USD 15.18 billion by 2031 as compared to in 2022 with only USD 9.4 billion. The key factors in driving the growth of this market are: increase in the adoption of minimally invasive to non-invasive aesthetic procedures, adoption by geriatric individuals, an increase in social awareness on cosmetic procedures, presence of technologically advanced and user-friendly products and a spike in the demand for medical aesthetics procedure in men. This growth however can be limited or negated by factors such as risks and complications clinically in relation to medical aesthetics procedures and the high demand of alternative beauty and cosmetic products that are readily available in the market.
The Medical Aesthetics Market is expected to reach USD 15.18 billion by 2031 at a CAGR of 10.9% compared to the previous year 2022 where the market was at USD 9.4 billion.
Another growth factor is the increase in the demand of patients to undergo facial aesthetic treatments and other non-invasive cosmetic products. The introduction of new products related to medical aesthetics, increasing disposable incomes as well as spending capabilities can attribute to the growth of medical aesthetics market.
The high-demand for minimally to non-invasive aesthetic procedures can be considered as one of the drivers of growth. Non-invasive procedures offer convenience and can give safer alternatives for patients who prefer painless to reduced scarring outcome.
There was an overall increase in the number of plastic and cosmetic procedures in the year 2022 at 5.4% rate according to the International Society of Aesthetic Plastic Surgery (ISAPS). Medical Aesthetics are of course, economical than the traditional procedure.
Restraints in the Medical Aesthetics Market
This market is facing challenges that can hinder growth because the pandemic imposes limitations in terms of supply and manufacturing processes. The beauty and luxury industry were greatly affected consequently since delivering of products to consumers are not met in a timely manner and catering to irregular demands for products and services.
There is a short-term growth set back caused by factors such as decrease in the demand of products from major end users such as the hospitals and cosmetic clinics, limited operations in market industries, closure of end-user facilities like beauty centers and spas, non-continuous supply chain, irregularities in terms of giving essential or post-sales services due to the pandemic.
Another restrain in the growth of this market is that medical aesthetics procedure can have possible side-effects and may cause risks and complications to patients. Challenges such as social and ethical issues are also included since negative perceptions are associated to such procedures. Society considers undergoing these procedures as a sign of vanity and being self-centered because the elderly population commonly avails of age concealment procedures which received negative stigma.
Medical Aesthetics Market Segmentation
Medical Aesthetics Market is segmented by Product - Facial Aesthetic Products (Dermal Fillers, Botulinum Toxin, Microdermabrasion and Chemical Peels), Body Contouring Devices (Nonsurgical Fat Reduction Devices, Cellulite Reduction Devices, Liposuction Devices), Cosmetic Implants - Breast Implants (Silicone Implants, Saline Implants, Facial Implants, Gluteal Implants), Hair Removal Devices (Laser Hair Removal Devices, IPL Hair Removal Devices), Skin Aesthetic Devices (Laser Resurfacing Devices, Nonsurgical Skin Tightening Devices, Micro-needling Products, Light Therapy Devices), Tattoo Removal Devices, Thread Lift Products, Physician-dispensed Cosmeceuticals and Skin Lighteners, Physician-dispensed Eyelash Products, Nail Treatment Laser Devices. By End-user - Clinics, Hospitals, and Medical Spas, Beauty Centers and Home Care. By Region, North America (US, Canada), Europe (Germany, UK, France, Italy, Spain, Rest of Europe (RoE)), Asia Pacific (Japan, China, India, South Korea, Australia, Indonesia, Thailand, Rest of Asia Pacific (RoAPAC)), Latin America (Brazil, Mexico, Rest of Latin America), Middle East and Africa.
Medical Aesthetics Market Country Analysis
By Region, it is segmented into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. North America however, has the largest share accounted for in the medical aesthetics market globally in 2022 and still continues to rapidly grow by 2031. The Asia Pacific Region is anticipated to have the highest growth rate during the forecast period. The growth of the Asia Pacific market can be attributed to the increase in cosmetic procedure awareness and the flourishing medical tourism in said region.
Medical Aesthetics Market Share and Competition
This is an enumeration of some of the key market players who operate on the medical aesthetics market globally and has contributed a great significance in the growth of medical aesthetics market. These key players are: Allergan-AbbVie (US), Alma Lasers, Ltd. (Israel), Cutera, Inc. (US), El.En. S.p.A. (Italy), Fotona d.o.o. (Slovenia), Galderma (Switzerland), Johnson & Johnson (US), Merz Pharma GmbH & Co. KGaA (Germany), Medytox, Inc. (South Korea), Sientra, Inc. (US), Sinclair Pharma PLC (UK), and Syneron Medical, Ltd. (US)) among others.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Analysis (Revenue, USD Million, 2022 - 2031)
• Facial Aesthetic Products
• Dermal Fillers
• Botulinum Toxin
• Chemical Peels
• Body Contouring Devices
• Nonsurgical Fat Reduction Devices
• Cellulite Reduction Devices
• Liposuction Devices
• Cosmetic Implants
• Breast Implants
• Silicone Implants
• Saline Implants
• Facial Implants
• Gluteal Implants
• Hair Removal Devices
• Laser Hair Removal Devices
• IPL Hair Removal Devices
• Skin Aesthetic Devices
• Laser Resurfacing Devices
• Nonsurgical Skin Tightening Devices
• Micro-needling Products
• Light Therapy Devices
• Tattoo Removal Devices
• Thread Lift Products
• Physician-dispensed Cosmeceuticals and Skin Lighteners
• Physician-dispensed Eyelash Products
• Nail Treatment Laser Devices
End User Analysis (Revenue, USD Million, 2022 - 2031)
• Clinics, Hospitals, and Medical Spas
• Beauty Centers
• Home Care
Region Analysis (Revenue, USD Million, 2022 – 2031)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• United States Medical Aesthetics Industry Research Report
• Europe Medical Aesthetics Industry Research Report
• Asia Pacific Medical Aesthetics Industry Research Report
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