Medical Aesthetics Market
Growth Factors of Medical Aesthetics Market
The medical aesthetics market size was valued at USD 22.84 billion in 2023, and the market is now projected to grow from USD 25.48 billion in 2024 to USD 67.89 billion by 2032, exhibiting a CAGR of 13.0% during the forecast period of 2024-2032.
Trends indicate that there has been a decrease in cosmetic procedures across the world in the wake of the COVID-19 pandemic and the restrictions that resulted in the reduction in elective surgeries and the supply chain. However, with some of the restrictions eased in 2021 and embracing hybrid micro-needling, new specifications in medical aesthetics returned. It is expected that the growth in the market will begin to grow at a steady pace in the subsequent years.
Higher incidence rates of skin diseases including acne, psoriasis, and skin cancer are thus driving the need for improving treatment processes. As a result of the high demand for treatments to skin diseases, the market is boosted greatly by the presence of a large patient pool. The availability of such services and products indicates that there is always a gap for the development of new dermatological solutions.
People are getting more conscious to go in for simple procedures like botulinum toxin injections, dermal fillers, and chemical peels rather than surgeries. These include short time to recovery, low incidences of complications, faster resolutions, and high success rates that have encouraged adoption of non-invasive procedures. With this knowledge, the use of non-invasive surgeries will increasingly be widely adopted. This is changing the structure/format of the cosmetic treatments in a manner that is different from the formats we have seen in the past.
Comprehensive Analysis of Medical Aesthetics Market
The medical aesthetics market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, by application analysis, and by end-user analysis. By type analysis include energy-based devices, non-energy-based devices, and others. By application analysis include skin resurfacing & tightening, body contouring and cellulite reduction, hair and tattoo removal, breast augmentation, and others. By end-user analysis include hospitals, specialty clinics, and others.
The North America region lead the medical aesthetics market share by benefitting a market size of USD 12.28 billion in 2023 due to the increasing popularity of cosmetic procedures.
The top players in the markets have a central responsibility in the healthcare industry to be sure of industrial prospectus development and to establish the market norms. These players include, Sisram Medical Ltd, Merz Pharma, Apyx Medical, AbbVie Inc., El.En. S.p.A., Johnson & Johnson Services, Inc. (MENTOR), Candela Medical, Cutera, Bausch Health Companies Inc., Sientra, Inc. these market players provide a level-playing competitive landscape.
In November 2023, LUBEX launched the Sapphire ice-cooling hair removal device, designed for at-home use.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 13.0% from 2024-2032
Unit Value (USD billion)
Segmentation By Type
- Energy-based Aesthetic Devices
- Laser-based Aesthetic Devices
- Radiofrequency-based Aesthetic Devices
- Light-based Aesthetic Devices
- Ultrasound Aesthetic Devices
- Non-energy-based Aesthetic Devices
- Botulinum Toxin
- Dermal Fillers
- Microdermabrasion
- Implants
- Dental Implants
- Breast Implants
- Other Implants
- Others
By Application
- Skin Resurfacing & Tightening
- Body Contouring and Cellulite Reduction
- Hair and Tattoo Removal
- Breast Augmentation
- Other Applications
By End-user
- Hospitals
- Specialty Clinics
- Others
By Region
- North America (By Type, By Application, By End-user, and By Country)
- U.S.
- Canada
- Europe (By Type, By Application, By End-user, and By Country/Sub-region)
- Germany
- U.K.
- France
- Italy
- Spain
- Scandinavia
- Rest of Europe
- Asia Pacific (By Type, By Application, By End-user, and By Country/Sub-region)
- India
- China
- Japan
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Latin America (By Type, By Application, By End-user, and By Country/Sub-region)
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa (By Type, By Application, By End-user, and By Country/Sub-region)
- GCC
- South Africa
- Rest of Middle East & Africa
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