Medical Aesthetics Market Size, Share, Report & Trends, 2023-2028
How Big is the Medical Aesthetics Market?
IMARC Group’s latest research report, 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 industry. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global medical aesthetics market size reached US$ 15.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 26.9 Billion by 2028, exhibiting a growth rate (CAGR) of 9.49% during 2023-2028.
What are Medical Aesthetics?
Medical aesthetics, also known as cosmetic aesthetics or aesthetic medicine, focuses on improving the physical appearance of individuals through non-surgical cosmetic procedures. It is performed by licensed medical professionals, such as dermatologists, plastic surgeons, or specialized practitioners, who have received additional training in aesthetic treatments. It encompasses a wide range of non-invasive or minimally invasive procedures that aim to enhance or rejuvenate various aspects of the appearance of individuals. It involves treatments that are considered safe when performed by qualified professionals. It can be worked after a thorough consultation with a qualified provider to discuss their goals, expectations, and any potential risks before proceeding with any treatments.
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What are the growth prospects and trends in the medical aesthetics industry?
There is a rise in the prevalence of various medical conditions, such as rosacea, psoriasis, vitiligo, hirsutism, and hyperpigmentation. Along with this, the increasing aging population, that are more prone to develop wrinkles and sagging skin, represents one of the primary factors driving the demand for medical aesthetics around the world. Moreover, there is a rise in the adoption of minimally invasive and non-invasive aesthetic procedures among healthcare professionals and patients with shorter downtime and reduced risks appeals to those seeking quick and effective enhancements.
Along with this, the growing awareness among people about the benefits of medical aesthetics is influencing the market positively. In addition, there is an increase in the influence of social media platforms that have created a culture of constant self-presentation, which leads to a desire for picture-perfect appearances. This, coupled with the rising number of public figures and celebrities who often set beauty standards, which leads to a desire to emulate their looks through aesthetic treatments, is contributing to the market growth. Apart from this, the growing preferences toward laser and light therapies for various skin treatments, including hair removal, skin rejuvenation, and treatment of vascular and pigmentation issues, are creating a positive outlook for the market.
Furthermore, there is an increase in the integration of robotics, 3D imaging, artificial intelligence (AI), and machine learning (ML) that can assist practitioners in treatment planning, analyzing skin conditions, and predicting treatment outcomes. These advancements also allow practitioners to create 3D simulations of potential treatment outcomes and help patients visualize results before undergoing procedures. This, along with the advent of personalized skincare devices and apps that offer at-home treatments, including cleansing, exfoliation, and LED therapy, and enable patients to have virtual consultations with practitioners to receive recommendations without physical visits, is strengthening the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Devices
- Aesthetic Implants
Breakup by Application:
- Surgical
- Non Surgical
Breakup by End User:
- Hospitals and Clinics
- Medical Spas and Beauty Centers
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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