Medical Aesthetics Market Size & Share to Surpass $ 26.02 Billion by 2030 | Vantage Market Research


WASHINGTON, Aug. 22, 2023 (GLOBE NEWSWIRE) -- According to Vantage Market Research the Global Medical Aesthetics Market is expected to reach a value of USD 11.12 Billion in 2022. The Medical Aesthetics Market is projected to showcase a CAGR of 11.20 % from 2023 to 2030 and is estimated to be valued at USD 26.02 Billion by 2030.   

The Medical Aesthetics Market represents the captivating amalgamation of medical science and aesthetic appeal. It encompasses a broad spectrum of non-invasive procedures and treatments designed to enhance the physical appearance of individuals. This dynamic market is driven by a growing societal emphasis on beauty, youthfulness, and self-confidence. The market is fueled by both technological advancements and shifting consumer preferences, which collectively underscore its rapid expansion.

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Top Report Findings:

  • The market is projected to experience substantial growth over the next five years, driven by evolving consumer perceptions and advancing technology.
  • Non-surgical procedures are expected to dominate the market share due to their convenience and reduced recovery times.
  • Asia-Pacific region is poised for remarkable growth due to a rising disposable income and changing beauty standards.
  • Increasing adoption of telemedicine and online consultations is reshaping patient-provider interactions.

Top Companies in The Global Medical Aesthetics Market

  • Cynosure (US)
  • Cutera Inc. (US)
  • Fotona d.o.o. (Slovenia)
  • El.En. S.p.A. (Italy)
  • Galderma (Switzerland)
  • Merz Pharma GmbH & Co. KGaA (Germany)
  • and Johnson & Johnson (US).
  • Allergan-AbbVie (US)
  • Anika Therapeutics (US)
  • Medytox Inc. (South Korea)
  • Alma Lasers Ltd. (Israel)
  • Medytox Inc. (South Korea)
  • Alma Lasers Ltd. (Israel)

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Medical Aesthetics Market Dynamics:

The Medical Aesthetics Market is characterized by a multitude of factors that collectively shape its trajectory. The rising global awareness of aesthetic procedures as a means of self-improvement has significantly boosted market growth. Furthermore, technological breakthroughs in minimally invasive techniques have made procedures safer, less painful, and more accessible to a broader demographic. The convergence of medical expertise and artistic sensibilities has fueled a surge in demand for treatments, prompting medical professionals and researchers to continuously innovate.

Top Trends in the Medical Aesthetics Market:

  • Personalized Treatments: The market is witnessing a shift towards personalized treatments, where procedures are tailored to an individual's unique features and desired outcomes.
  • Natural Results: Patients now seek more natural-looking results, moving away from overly dramatic transformations towards subtler enhancements.
  • Rise of Non-Invasive Procedures: Non-invasive and minimally invasive procedures like Botox, dermal fillers, and laser treatments are gaining traction due to reduced downtime and lower risks.
  • Combination Therapies: Professionals are increasingly combining various treatments to achieve comprehensive and synergistic outcomes, catering to diverse patient needs.
  • Focus on Men's Aesthetics: The market is witnessing an uptick in men seeking aesthetic treatments, challenging traditional gender norms.

Global Medical Aesthetics Market Segmentation

By Product

  • Facial Aesthetic Products
  • Dermal Fillers
  • Botulinum Toxin
  • Microdermabrasion
  • 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
  • Medical Aesthetics

By End User

  • Clinics Hospitals and Medical Spas
  • Beauty Centers
  • Home Care

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Challenges:

The Medical Aesthetics Market is not devoid of challenges: Meeting regulatory standards while embracing innovation Addressing concerns related to treatment side effects and safety Managing patient expectations for realistic outcomes Navigating the ethical considerations of altering one's appearance

Opportunities:

Despite challenges, the market holds promising opportunities: Untapped potential in emerging markets, particularly in Asia-Pacific and Latin America Incorporating AI and virtual reality to simulate treatment outcomes and enhance patient consultations Collaboration between medical professionals, researchers, and beauty experts for comprehensive results Leveraging social media and digital platforms to expand consumer awareness and engagement

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Recent Development

  • June 2023 Cynosure launched the PicoSure Pro device, its latest upgrade to the PicoSure platform. PicoSure Pro is one of the first 755nm picosecond lasers cleared by the US FDA.
  • July 2023 Allergan received FDA approval for Juvéderm VOLBELLA XC to improve infraorbital hollows in adults above 21.
  • August 2023 Solta Medical launched the Harmony XL Pro, a new platform for laser skin resurfacing and body contouring.

Key Questions Answered in the Report:

  • What are the primary factors driving the growth of the Medical Aesthetics Market?
  • How are technological advancements shaping the landscape of aesthetic procedures?
  • What are the emerging trends that are reshaping the industry?
  • Which regions are expected to exhibit the highest growth potential in the coming years?
  • What are the key challenges faced by medical professionals in this market?
  • How can ethical concerns related to altering appearances be addressed in the industry?
  • What role does personalized medicine play in the realm of medical aesthetics?
  • How are changing gender norms influencing the demand for aesthetic treatments?

Scope of the Report:

Report AttributesDetails
Market Size in 2022USD 11.12 Billion
Revenue Forecast by 2030USD 26.02 Billion
CAGR11.20 % from 2023 to 2030
Base Year2022
Forecast Year2023 to 2030
Key PlayersMedytox, Inc., Alma Lasers, Ltd., Allergan-AbbVie, Anika Therapeutics, Cynosure, Cutera, Inc., Fotona d.o.o., El.En. S.p.A., Galderma, Merz Pharma GmbH & Co. KGaA, and Johnson & Johnson.
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Regional Analysis:

In North America, the Medical Aesthetics Market showcases robust growth, driven by factors such as a high disposable income, a culture of self-care, and technological advancements. The United States, in particular, leads the market with a plethora of clinics offering a diverse range of treatments. The region's emphasis on research and development, along with a strong regulatory framework, ensures that innovative procedures meet safety standards. With increasing acceptance of aesthetic procedures as a part of routine self-care, North America continues to be a pivotal player in shaping the global Medical Aesthetics Market.

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