Chicago, Nov. 01, 2022 (GLOBE NEWSWIRE) — According to new market research report “Medical aesthetics market by Product (Botox, Dermal Filler, Chemical Peel, Liposuction, Fat Reduction, Skin Tightening, Breast Implant, Waxing/Depilation, Thread Lift, Nail Treatment), End User (Medical Spa, Beauty Center) – Forecast world until 2027“The global Medical Aesthetics Market is expected to reach USD 23.4 Billion by 2027, from USD 13.9 Billion in 2022, growing at a CAGR of 11.0% from 2022 to 2027.
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Report Scope:
| Report cover | Details |
| Market size | $23.4 billion by 2027 |
| CAGR | 11.0% |
| Historical data | 2020-2027 |
| base year | 2021 |
| Forecast period | 2022-2027 |
| Forecast units | Value (USD billion) |
| Report cover | Revenue forecasts, competitive landscape, growth factors and trends |
| Segments Covered | By product, by end user, by region |
| Geographical areas covered | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
| Top Profiled Companies/Suppliers | AbbVie Inc. (Ireland), Galderma (Switzerland) and Merz Pharma (Germany), El.En. (Italy), Cutera (USA), Venus Concept (Canada), Lutronic (USA), Lumenis (Israel), Bausch Health Companies Inc. (Solta Medical) (Germany), Candela Corporation (USA), InMode (Israel) and Cynosure (USA) among others. |
| Key market opportunities | Emerging Markets |
| Key Market Drivers | Driving force: increasing adoption of minimally invasive and non-invasive aesthetic procedures |
The growth of the medical aesthetics market is primarily driven by the increase in product development and commercialization, increasing availability of extensive options, affordability, and home-used devices. Growing number of aesthetic procedures, launch of new minimally invasive and non-invasive aesthetic products, and growing number of conferences and training programs to create awareness about the benefits of aesthetic procedures are some of the key factors driving the growth of the market medical aesthetics. .
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Depending on the type of product, The medical aesthetics market is segmented into facial aesthetics, cosmetic implants, hair removal devices, tattoo removal devices, thread lift products, doctor dispensed eyelash products and laser nail treatment devices, with each segment covering various cosmetic procedures. The facial aesthetics products segment held the largest share of the medical aesthetics market in 2021. The large share of this segment can be attributed to the growing patient demand for facial aesthetic treatments, rising disposable income and spending capacity, and the increase in the geriatric population.
Based on the end user, the medical aesthetics market is segmented into clinics, hospitals and medical spas; beauty centers; and home care settings. Clinics, hospitals and medical spas are the largest end users of medical aesthetic products. The growth of this segment can be attributed to growing awareness of various cosmetic procedures and their benefits (resulting in an increase in the number of cosmetic procedures across the globe), increasing patient preference for minimally invasive cosmetic surgeries , the growth in the number of clinics and surgeons providing these treatments and the entry of new and advanced products into the market that result in improved levels of comfort for patients undergoing aesthetic treatments.
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Geographic growth scenario:
Asia-Pacific will register significant market growth during the forecast period
The Asia-Pacific medical aesthetics market is expected to witness the highest growth during the forecast period from 2022 to 2027. The major market growth is attributed to increased consumer affluence and aesthetic sophistication across the region. Additionally, the next four to five years are expected to witness the continued proliferation of the aesthetics industry in the APAC region due to the emergence of new products and the growing consumer acceptance of advanced procedures. The increasing availability of minimally invasive and non-invasive aesthetic treatments is also expected to fuel the growth of the medical aesthetics market in the region.
Key players:
As of 2021, the major players in the medical aesthetics market are AbbVie Inc. (Ireland), Galderma (Switzerland) and Merz Pharma (Germany), El.En. SpA (Italy), Cutera (USA), Venus Concept (Canada), Lutronic (USA), Lumenis (Israel), Bausch Health Companies Inc. (Solta Medical) (Germany), Candela Corporation (USA) , InMode (Israel), and Cynosure (USA), among others.
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