The global aesthetic medicine market size is expected to reach USD 149.06 Billion in 2032, and register a revenue CAGR of 9.9% during the forecast period.
- The global aesthetic medicines market has experienced a considerable setback as a result of the COVID-19 pandemic.
- Anti-wrinkle products segment accounted for largest revenue share in 2022.
- Non-surgical segment accounted for a significantly larger revenue share in 2022.
- Based on regional analysis, market in North America accounted for largest revenue share in 2022.
- Europe aesthetic medicine market is expected to register steady revenue CAGR over the forecast period.
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Report Scope of the Aesthetic Medicine Market:
|The market size value in 2022||USD 63.50 Billion|
|CAGR (2022 – 2032)||9.9%|
|The Revenue forecast in 2032||USD 149.06 Billion|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
Increasing adoption of aesthetic medicinal procedures by patients undergoing mastectomy, rising development of minimally invasive and non-invasive aesthetic solutions, and steady adoption of botulinum toxin treatments for burn recovery are the major factors expected to drive revenue growth of the market. Moreover, increasing awareness about cosmetic solutions through social media outreach and accessibility to aesthetic medicinal formulations through service outlets are some other factors projected to drive revenue growth of the market between 2023 and 2032.
Aesthetic medicines, also known as cosmetic treatments are non-surgical procedures designed to combat signs of aging, rejuvenate, and refresh skin. Medical aesthetics include a wide range of solutions and medicines that meet specific demands and aesthetic needs of customers for treatment of fine lines & wrinkle diminishment, fat lessening, stretch marks solutions, scar treatment, skin oxygenation and revival, body contours and firming, botulinum toxin enhancements, and skin fixing. Over the past few years, acceptance for aesthetic medicinal procedures have increased exponentially, owing to rapid outreach of surgeons, Healthcare Providers (HCPs), patients, and other stakeholders through social media channels and other digital platforms.
This has enhanced connectivity in between HCPs and individuals who are apprehensive to undergo such procedures. This is expected to increase adoption of aesthetic medicine devices and products in the coming years. Aesthetic medicinal formulation manufacturers are meeting customer demands by studying region-wise consumer requirements. For instance, individuals in China require facial alterations through medicinal procedures. Rise in number of service outlets that provide aesthetic medicinal solutions is another factor that is expected to drive revenue growth of the market during the forecast period. More than USD 3 billion has been raised by aesthetic service centers and clinics, and the value is expected to rise over the coming years.
Competitive landscape of aesthetic medicine market is consolidated with few major companies operating at global and regional levels. Major companies are engaged in product development and strategic alliances to expand their respective product portfolio and gain a robust footing in the global market. The global aesthetic medicine market is highly fragmented, with the presence of large number of key companies. These companies hold major share in their respective regions. Some of the major companies included in global aesthetic medicine market report are AbbVie Inc., Galderma, Alma Lasers, Cynosure, Johnson & Johnson Private Limited, Lumenis Be Ltd., Solta Medical, Candela Medical, Hologic, Inc., and Dentsply Sirona.
Aesthetic Medicine Market Segmentations:
By Product Outlook
- Energy-Based Devices
- Aesthetic Laser Devices
- Body Contouring and Skin Tightening Devices
- Microdermabrasion Devices
- Ultrasound Devices
- Dental Implants
- Breast Implants
- Facial Implants
- Anti-Wrinkle Products
- Botulinum Toxin/Botox
- Dermal Fillers
- Chemical Peel
By Application Outlook
By End-use Outlook
- Medical Spas & Beauty Centers
- Hospitals & Clinics
- Home Use
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