Medical Aesthetics Market by Product (Facial Aesthetic, Body Contouring, Cosmetic Implants, Hair Removal, Skin Aesthetic Devices, and Tattoo Removal Devices), By Technology (Invasive, Non-Invasive, and Minimally Invasive), By End User (Hospitals & Clinics and Dermatology & Cosmetic Centers), Regional Outlook - Global Forecast up to 2030
In order to determine the current size of the medical aesthetics market, the study covered four main tasks. In-depth secondary research was conducted to gather data on the parent, peer, and market markets. The following stage involved conducting primary research to confirm these conclusions, hypotheses, and sizing with industry experts throughout the value chain. A combination of top-down and bottom-up methods was used to assess the overall market size. The size of the market for each section and subsegment was then estimated using data triangulation and market breakdown.
In order to gather qualitative and quantitative data for this report, a variety of supply and demand sources were interviewed during the main research phase. Industry professionals including CEOs, vice presidents, directors of marketing and sales, directors of technology and innovation, and related senior executives from various important firms and organizations in the medical aesthetic devices market are the main sources from the supply side. Medical OEMs, CDMOs, and service providers are the main demand-side sources. To validate the market segmentation, identify important players, and obtain information on important market dynamics and industry trends, primary research was carried out.
The extensive use of secondary sources, directories, databases (including D&B Hoovers, Factiva, and Bloomberg Businessweek), white papers, annual reports, corporate house documents, investor presentations, and SEC filings of firms are all part of the secondary research process. To find and gather data for the comprehensive, technical, commercial, and market-oriented medical aesthetic devices market analysis, secondary research was employed. Additionally, it was utilized to gather crucial data regarding the major participants, market categorization and segmentation based on industry trends down to the lowest level, and significant advancements concerning market and technological viewpoints. By conducting secondary research, a database of the major players in the market was also created.
Medical Aesthetics Market based on Product:
- Facial Aesthetic
- Body Contouring Devices
- Cosmetic Implants
- Hair Removal Devices
- Skin Aesthetic Devices
- Tattoo Removal Devices
Medical Aesthetics Market based on Technology:
- Invasive
- Non-Invasive
- Minimally Invasive
Medical Aesthetics Market based on End-user:
- Hospitals & Clinics
- Dermatology & Cosmetic Centers
Medical Aesthetics Market based on Geography:
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
- Latin America (LATAM)
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa (MEA)
- UAE
- Turkey
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
The growing demand for medical aesthetics, including cosmetic operations, is fueled by the popularity of facial therapy. Globally, the number of cosmetic procedures undertaken has been steadily rising in recent years. A significant section of the population is selecting safe, non-surgical therapies like face fillers and botulinum toxin injections due to the advantages these procedures offer. Less adverse responses, quicker recovery times, and painless treatments are a few of the benefits that have been highlighted. Aesthetic Society figures from 2021 show that, compared to 2020, the total number of non-surgical operations performed in the US increased by 44.0%.
In addition, the adoption of aesthetic procedures and the beauty of men are growing yearly. Furthermore, the general rise in the number of treatments performed is being driven by the necessity for non-energy-based procedures like botulinum toxin injections and superficial facial fillers. There is a growing need for the medical aesthetics market as a result of these factors, together with the gender balance in the acceptance of cosmetic procedures. Additionally, advances in medicine are being made in a number of areas, suggesting that treatments are now more successful than they were in the past. For middle-aged and older adults who want to look younger without having surgery, Medical Aesthetics is a good option because most procedures don't involve any incisions. They can produce top-notch results with little downtime.
Facial Aesthetics, Body Contouring Devices, Cosmetic Implants, Hair Removal Devices, Skin Aesthetic Devices, and Tattoo Removal Devices are the Medical Aesthetics Market Segments by Product. In 2022, the facial aesthetics segment held a dominant 48% of the market share, valued at USD 8.1 billion. Increased patient demand for facial aesthetic therapies, rising treatment costs, rising per capita income and spending power, and an aging global population are all factors contributing to facial aesthetics. Over the estimated period, cosmetic implants are likely to expand dramatically.
Based on technology, the medical aesthetics market is divided into four segments: invasive, non-invasive, minimally invasive, and invasive. In 2022, the Non-Invasive sector brought in the most money—roughly 49% of the total, or USD 8.2 billion. Worldwide demand for non-invasive procedures is being driven by a number of factors, including reduced discomfort, faster outcomes, and cheaper prices. Among the most popular non-invasive treatments include chemical peels, injecting Botox, and applying soft tissue fillers locally.
Hospitals & Clinics and Dermatology & Cosmetic Centers are included in the end-user segmentation of the medical aesthetics market. In 2022, Hospitals & Clinics held a dominant market share of 69%, valued at USD 11.6 billion. The expansion of the business is aided by the expanding number of clinics and hospitals performing cosmetic procedures across many countries. In addition, the growing need for less invasive procedures and the movement of people out of hospitals are propelling this market's growth.
- This report illustrates the most vital attributes of the Medical Aesthetics Market, which are driving and providing opportunities.
- This research gives an in-depth analysis of the Medical Aesthetics Market growth on the basis of several segments in the market.
- This report presents the predictions of the past and present trends of the Medical Aesthetics Market.
- This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Medical Aesthetics Market.