The global medical aesthetics market size was significantly robust in 2022 and is expected to register steady revenue CAGR over the forecast period. Rising adoption of aesthetic medical among the geriatric population and surging usage of minimally invasive and non-invasive aesthetic procedures worldwide are some of the key factors providing impetus to market revenue growth.
The rising adoption of minimally invasive and non-invasive aesthetic procedures, as well as increasing adoption among geriatric population are expected to drive growth of this market. Additionally, rising demand for aesthetic treatments among men and surging availability of technologically advanced and user-friendly products would also contribute to this growth. On the other hand, factors such as the clinical risks and complications associated with medical aesthetic procedures, as well as increasing availability and adoption of alternative beauty and cosmetic products with similar properties, are limiting market growth to some extent.
Request a Sample@ https://www.qyresearchmedical.com/sample/119447
Major Factors Driving Growth of the Global Medical Aesthetics Market:
Medical aesthetic procedures have gained high popularity over the last two decades. Rising number of doctors and surgeons providing safe and effective medical aesthetic treatments is set to boost the medical aesthetics market growth in the upcoming years. At the same time, introduction of technologically advanced products is attracting more customers towards such procedures. Fat freezing technology, for instance, is nowadays extensively used in non-invasive body contouring systems. The Aesthetic Society (U.S.) mentioned that in 2019, approximately 129,686 non-invasive body fat reduction procedures were carried out in the country.
Factors Restraining Growth of the Global Medical Aesthetics Market:
The global medical aesthetics market growth is substantially hampered by several unfavorable factors. These aesthetic procedures are associated with a variety of potential side effects. Patients undergoing aesthetic treatments may experience a number of risks and complications following or during the procedure.
Opportunities for Players Operating in the Global Medical Aesthetics Market:
Emerging markets, such as China, Brazil, Mexico, and India are anticipated to offer significant growth opportunities for medical aesthetics market participants. The demand for medical aesthetic devices in these countries is rising as a result of rapid growth in medical tourism, increasing ageing adult population, rising disposable incomes, and increased awareness of aesthetic specialties. Along with these, presence of a large number of surgeons in these emerging countries is also helping to drive the medical aesthetics market forward.
Global Medical Aesthetics Market Revenue Led by Product Type Segment:
Based on product type, the facial implants segment is expected to reach the highest revenue share over the forecast period. Demand for facial aesthetic products, body contouring devices, cosmetic implants, facial implants, and gluteal cosmetic implants are increasing rapidly across the globe. Increasing aging population, rising disposable incomes, and high demand for facial aesthetic treatment options are expected to accelerate this segment’s growth in the near future.
Global Medical Aesthetics Market Leading End-use Segment:
The medical aesthetics market is segmented into clinics, hospitals, and medical spas; beauty centers; and home care. In 2019, the clinics, hospitals, and medical spas segment accounted for the majority of the global medical aesthetics market share. This end-user segment is also expected to be the fastest-growing during the forecast period, owing to rising number of clinics and medical spas. At the same time, people mainly prefer hospitals more as they possess both financial and infrastructural resources in abundance, such as technologically advanced devices, trained staff, and skilled professionals to perform medical aesthetic procedures.
North America Accounts for Largest Revenue Share in Global Medical Aesthetics Market:
Among regional markets, North America emerged as the largest market in 2020, with the highest revenue share. This trend is expected to continue throughout the forecast period. Early adoption of state-of-the-art technologies and increasing number of aesthetic procedures would help the region to grow in the forecast period.
Asia Pacific Continues to Lead in Terms of Revenue CAGR:
The Asia Pacific medical aesthetics market is expected to register the fastest growth in terms of CAGR over the forecast period. In developing countries including India, China, Malaysia, and Indonesia, government organizations are investing huge sums in the rapid establishment of the aesthetics sector. Also, increasing awareness regarding the benefits of aesthetic specialties, rising disposable income, surging medical tourism, and increasing interest of customers in various aesthetic procedures would propel the medical aesthetics market in this region. Besides, leading companies based in Europe and the U.S. are launching their new products and services in APAC. To do so, they are participating in aggressive marketing techniques. It is another major factor anticipated to drive growth.
Major Companies Profiled In The Report:
- Hologic (cynosure)
- Johnson & Johnson
- Solta Medical
- Syneron Candela
- Alma Laser
Strategies And Objectives Of Major Companies:
- In November 2020, a US-based company called AbbVie acquired Allergan to form a global segment — ‘Allergan Aesthetics’ in order to improve its medical aesthetics product line.
- In January 2019, HRA Pharma acquired a Germany -based company named Merz to enhance its product portfolio in surgical medical aesthetics.
- In July 2020, Lancer Skincare launched the Pro Polish microdermabrasion device. The device includes the company’s patented swivel neck, three suction settings, and diamond tips for face and body. It enables customers to undergo a customized and convenient treatment in the privacy of their homes.
- In February 2020, Sisram Medical Ltd (Alma Lasers) launched ClearSkin PRO, a breakthrough applicator featuring twice the power of previous solutions, resulting in visibly younger-looking skin.
What Our Report Provides And Why Our Offering Is Better:
This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation in Our Report:
For the purpose of this report, global medical aesthetics market is segmented on the basis of product type, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2023-2032)
- Facial Aesthetic Products
- Dermal Fillers
- Chemical Peels
- Body Contouring Devices
- Nonsurgical Fat Reduction Devices
- Cellulite Reduction Devices
- Liposuction Devices
- Cosmetic Implants
- Breast 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
- Tattoo Removal Devices
- Thread Lift Products
- Physician-dispensed Cosmeceuticals and Skin Lighteners
- Physician-dispensed Eyelash Products
- Nail Treatment Laser Devices
End Use Outlook (Revenue, USD Billion; 2023–2032)
- Clinics, Hospitals, and Medical Spas
- Beauty Centers
- Home Care
Region Outlook (Revenue, USD Billion; 2023–2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Buy quantitative research Report at discounted price – USD 1500 https://www.qyresearchmedical.com/report/checkout/119447/1500
You can place an order or ask any questions, please feel free to contact email@example.com | +1 9197 992 333
QYResearch Medical has more than 4000 global well-known customers, covering more than 30 industries including pharmaceuticals, medical technology & devices, healthcare services etc. Company services cover one-stop solution as Data-Analysis-Suggestion-Consulting Implementation. Research regions cover North America, Europe, Latin America, Middle East and Africa, Asia- Pacific.
For Latest Update Follow Us: