According to the latest report by IMARC Group, titled “Medical Aesthetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global medical aesthetics market growth.The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global medical aesthetics market reached a value of US$ 15.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 26.9 Billion by 2028, exhibiting a CAGR of 9.49% during 2023-2028.
Medical Aesthetics refers to the process of improving the cosmetic appearance of patients to provide clearer skin and a better appearance. It includes numerous medical procedures such as facial injectables, body contouring, cellulite treatment, laser hair removal, anti-wrinkle treatments, medical-grade skincare, chemical peels, or skin resurfacing. It is performed by qualified doctors to repair the skin and enhance the appearance of an individual. It is safe, quick, effective, and minimally invasive, improves the natural look, provides long-lasting impact, and minimizes aging. As a result, medical aesthetics are widely adopted in medical spas, hospitals, clinics, and beauty centers across the globe.
The market is primarily driven by the rising awareness among individuals regarding medical aesthetics procedures to improve overall appearance. In addition, the growing inclination toward appearing fit and young is escalating the demand for aesthetic treatment in various countries. Apart from this, the rising popularity of various aesthetic procedures such as nose reshaping, botox injections, and liposuction is contributing to market growth. Moreover, the increasing number of surgeons and doctors offering safe and effective medical aesthetic treatments with reduced scarring and a quick recovery rate represents another major growth-inducing factor.
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Besides this, the market is also propelled by the growing prevalence of congenital face anomalies and the rising trend of medical tourism. Furthermore, extensive research and development (R&D) activities conducted by key players to enhance their sales, profitability, and customer relation are also creating a favorable market outlook across the globe.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
A.R.C. Laser Gmbh, AbbVie Inc., Alma Lasers Ltd., Bausch Health Companies Inc., Cutera Inc., Cynosure, El.En. S.p.A., Fotona d.o.o., Johnson & Johnson, Lutronic, Merz Pharma GmbH & Co. KGaA and Venus Concept
The report has segmented the market on the basis of Product, Application, End User, Geography.
Breakup by Product:
- Aesthetic Implants
Breakup by Application:
- Non Surgical
Breakup by End User:
- Hospitals and Clinics
- Medical Spas and Beauty Centers
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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