Global Aesthetic Medicine Market – Market Size & Forecasting To 2032

Global Aesthetic Medicine Market – Market Size & Forecasting To 2032

The global aesthetic medicine market is estimated to reach USD 483.2 billion by 2032 at a CAGR of 14.36% between 2023and 2032. Throughout the last decade, progress in aesthetic products has contributed to increased demand foraesthetic treatments. The introduction of technically advanced products, such as non-invasive body contouringsystems using controlled cooling technology, is projected in the near future to create market growth opportunities.

The availability of advanced aesthetic devices which offer reliable, time-saving and minimally invasive treatments willincrease the adoption of such devices. Large R&D investments would lead to advances in aesthetic medicinesthereby increasing the growth of the aesthetic medicine industry. Increasing demand for aesthetic procedures amongthe fast-growing geriatric population base would serve as another positive impact factor in the growth of the industry.

That population vulnerable to experiencing signs of aging coupled with increasing perception of physical appearanceis expected to further boost demand for aesthetic medicine. To produce better and continuous performance,aesthetic is now paired with lasers and radiofrequency.The global aesthetic medicine market report is segmented by procedure type, gender, and end use. The proceduretype is segmented as non-invasive procedures, and invasive procedures. The category of non-invasive proceduresdominated the aesthetic medicine market in 2018 and is predicted to register the fastest CAGR in the forecast. Thecategory of non-invasive procedures is further divided into botox injections, soft tissue fillers, chemical peel, removalof laser hairs, microdermabrasion, and others. The Botox injection is considered as the leading minimally invasivecosmetic procedure with more than 7.4 million procedures performed in the U.S. in 2018, according to a Plastic

Surgery Statistics Report.By gender, this market is segregated into males, and females. During the forecast period, the female segment isexpected to hold significant market share, owing to the growing desire among women to look young and attractive. Inaddition, increasing acceptance of breast augmentation procedures in females between the ages of 19-34 wouldstimulate demand for breast aesthetics. Growing demand among the youth for different facial procedures will furtherprompt the growth of the aesthetic medicine industry over the forecast period.By end use, this market is divided into hospitals, ambulatory surgical centers, beauty centers & medical spas,dermatology clinics, and home settings. The segment of hospitals is expected to show significant growth duringforecast period. This rise is due to the willingness of hospitals to purchase high-cost equipment, the availability ofqualified healthcare practitioners in hospitals for large-scale service, as well as well-developed healthcareinfrastructure would result in an increased number of hospital procedures.By region, the cell sorting market is segmented as North America, Europe, Asia Pacific, Middle East & Africa, andSouth America. North America region is expected to dominate market in terms of revenue during the forecast period.

Well-developed healthcare infrastructure, the adoption of cosmetic procedures, increased prevalence of skindisorders and the presence in the region of board certified and professional cosmetic surgeons are some of the key factors contributing to the development of the market.

The competitive scenario highlights the performance of major companies operating in this market. This includes detailed profiling of major companies and their competitive benchmarking. Product profiling provides key information including products/solutions offered, key developments, company performances, and strategies adopted in the recent years. Major companies profiled in the market include Galderma, Johnson & Johnson, Hologic (Cynosure), Allergan, Alma Laser, Syneron Candela, Solta Medical, Lumenis., and others. These companies have adopted product development, expansion, and merger strategies to consolidate market position amongst intense competition.