Market Insights
The medical aesthetics market was estimated at USD 10.29 billion in 2022 and is likely to grow at a CAGR of 10.7% during 2023-2028 to reach USD 18.94 billion in 2028.
Want to know more about the market scope? Click Here.
Medical aesthetics includes all medical procedures and treatments to help patients achieve their aesthetic goals by improving their cosmetic appearance of patients.
COVID-19 Impact on the medical aesthetics market.
The medical aesthetic market was significantly affected by the pandemic in the year 2020. The market experienced negative growth owing to the reasons like reduced product demand, limited operations, lockdown leading to the closure of beauty centers, and supply chain disruption. However, after the pandemic, there was an increase in the demand for cosmetic surgeries and the market is expected to experience robust growth in the forecast period.
|
Medical Aesthetics Market Highlights
|
|
Market Size in 2022
|
USD 10.29 billion
|
|
Market Size in 2028
|
USD 18.94 billion
|
|
Market Growth (2023-2028)
|
10.7% CAGR
|
|
Base Year of Study
|
2022
|
|
Trend Period
|
2017-2021
|
|
Forecast Period
|
2023-2028
|
Key Players
Some of the key players in the market are-
- Allergan plc
- Alma Lasers, Ltd.
- Allergan-AbbVie
- Anika Therapeutics Inc.
- Cutera Inc.
- EI.En. S.p.A.
- Galderma Laboratories, L.P.
- Johnson & Johnson
- Medytox, Inc.
- Sientra, Inc.
Market Dynamics
The growth of the medical aesthetics market is primarily driven by:
- Increasing demand for minimally invasive and non-invasive aesthetic procedures,
- Growing awareness of cosmetic procedures,
- Rising disposable income,
- Prevalence of skin diseases,
- Technological advancements,
- Rising expenditure on cosmetic surgeries and growing demand for medical aesthetics to improve physical appearance.
Want to have a closer look at this report? Register Here.
Segments Analysis
By Product Type
Based on the product type, the market is segmented as facial aesthetic products, body contouring devices, cosmetic implants, physician-dispensed cosmeceuticals and skin lighteners, physician-dispensed eyelash products, skin aesthetic devices, hair removal devices, tattoo removal devices, thread lift products, and nail treatment laser devices. Among these product types, it is estimated that the facial aesthetic products segment is likely to be the major product type during the forecast period, largely due to the increasing demand for facial aesthetic treatments, the growing number of working female population, increasing disposable income, and the desire to look young and attractive.
By End-User Type
Based on the end-user type, the market is segmented as clinics, hospitals, medical spas; beauty centers; and home care settings. The clinics, hospitals, and medical spas segment will be dominant during the forecast period. The segment’s growth is on account of the growing number of hospitals, clinics, and medical spas, the availability of infrastructural and financial resources, technologically advanced devices, and skilled professionals to perform aesthetic procedures.
Regional Insights
In terms of regions, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world. Among these regions, North America is expected to be the dominant region in the market during the forecast period. The market growth in this region is majorly attributed to the rising awareness of aesthetic procedures, increasing the number of skin diseases, the growing geriatric population, and technological advancement in the field of advanced medical devices. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Know the high-growth countries in this report. Click Here.
Market Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories.
By Product Type
- Facial Aesthetic Products
- Body Contouring Devices
- Cosmetic Implants
- Physician-Dispensed Cosmeceuticals and Skin Lighteners
- Physician-Dispensed Eyelash Products
- Skin Aesthetic Devices
- Hair Removal Devices
- Tattoo Removal Devices
- Thread Lift Products
- Nail Treatment Laser Devices
By End-User Type
- Clinics, Hospitals, and Medical SPAs
- Beauty Centers
- Home Care Settings
By Region
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Register Here, to know the market segmentation details.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
|
Key questions this report answers
|
Relevant contents in the report
|
|
How big is the sales opportunity?
|
In-depth Analysis of the Medical Aesthetics Market
|
|
How lucrative is the future?
|
Market forecast and trend data and emerging trends
|
|
Which regions offer the best sales opportunities?
|
Global, regional, and country-level historical data and forecasts
|
|
Which are the most attractive market segments?
|
Market Segment Analysis and Forecast
|
|
Which are the top players and their market positioning?
|
Competitive landscape analysis, Market share analysis
|
|
How complex is the business environment?
|
Porter’s five forces analysis, PEST analysis, Life cycle analysis
|
|
What are the factors affecting the market?
|
Drivers & challenges
|
|
Will I get the information on my specific requirement?
|
10% free customization
|
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation by any one of the product types by end-user type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].
