Medical Aesthetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Medical Aesthetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global medical aesthetics market size reached US$ 15.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.9 Billion by 2028, exhibiting a growth rate (CAGR) of 9.49% during 2023-2028.

Medical aesthetics involves the usage of different medical procedures, such as facial injectables, photo facials, body contouring and cellulite treatment, laser hair removal, and cosmetic surgery. It is performed by qualified doctors to repair the skin and improve the cosmetic appearance of an individual. As it is quick, safe, effective, minimally invasive, requires little downtime, minimizes aging, enhances the natural look, and offers a long-lasting impact, medical aesthetics finds extensive applications in hospitals, clinics, medical spas, and beauty centers worldwide.

Medical Aesthetics Market Trends:

At present, there is a rise in the utilization of minimally invasive and non-invasive aesthetic procedures across the globe. This, along with the rising awareness among individuals about medical aesthetics, represents one of the key factors driving the market. Moreover, the wide availability of technologically advanced and user-friendly products is bolstering the growth of the market. In addition, there is an increase in the number of doctors and surgeons providing safe and effective medical aesthetic treatments around the world. This, coupled with various advantages over traditional surgical procedures, such as less pain, reduced scarring, and quicker recovery, is positively influencing the market. Besides this, the growing trend of medical tourism due to the high quality of service and health insurance portability is catalyzing the demand for medical aesthetics. Additionally, the growing prevalence of congenital anomalies of the face is offering lucrative growth opportunities to industry players. These players are also extensively investing in research and development (R&D) activities to propel their overall sales and profitability. Apart from this, governments of several countries are undertaking initiatives to promote awareness programs, which is escalating the demand for medical aesthetics.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global medical aesthetics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, application and end user.

Breakup by Product:

Devices
Aesthetic Implants

Breakup by Application:

Surgical
Non Surgical

Breakup by End User:

Hospitals and Clinics
Medical Spas and Beauty Centers

Breakup by Region:

North America

United States
Canada

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being A.R.C. Laser Gmbh, AbbVie Inc., Alma Lasers Ltd., Bausch Health Companies Inc., Cutera Inc., Cynosure, El.En. S.p.A., Fotona d.o.o., Johnson & Johnson, Lutronic, Merz Pharma GmbH & Co. KGaA and Venus Concept.

Key Questions Answered in This Report:

What was the size of the global medical aesthetics market in 2022?

What is the expected growth rate of the global medical aesthetics market during 2023-2028?

What has been the impact of COVID-19 on the global medical aesthetics market?

What are the key factors driving the global medical aesthetics market?

What is the breakup of the global medical aesthetics market based on the product?

What is the breakup of the global medical aesthetics market based on the application?

What is the breakup of the global medical aesthetics market based on the end user?

What are the key regions in the global medical aesthetics market?

Who are the key players/companies in the global medical aesthetics market?