Medical Aesthetics Market Overview
The medical aesthetics market growth is witnessing a major prevalence of emerging economies like Brazil, Mexico, and China, amongst others, that are making significant use of excellent opportunities available.
The global medical aesthetics market has been expanding rapidly in recent years and is projected to continue growing at a steady pace. The increasing demand for non-invasive and minimally invasive cosmetic procedures, technological advancements in the field, and the growing aging population are some of the key factors driving this growth.
One of the major trends in the medical aesthetics market is the rising popularity of non-invasive treatments such as laser hair removal, microdermabrasion, and chemical peels. These treatments are less invasive, require less downtime, and are often more affordable than surgical options.
The Medical Aesthetics Market size was valued worth USD 13.9 billion in 2021 and expected to reach USD 39.1 billion by 2030 at 11.1% CAGR during the forecast period 2022-2030.. Another trend is the increasing demand for body contouring procedures such as liposuction and tummy tucks. As people become more health-conscious, they are looking for ways to achieve their desired body shape, and cosmetic procedures can help them achieve this goal.
Medical Aesthetics Market Players including Cynosure (A Wholly Owned Subsidiary of Hologic, Inc.), El.En. S.P.A., and Syneron Medical, Ltd. (A Part of Apax Partners), Sinclair Pharma PLC, Fotona D.O.O., Merz Aesthetics, Inc. (A Division of Merz Pharma GmbH Co. KGaA), Solta Medical (A Division of Valeant Pharmaceuticals International, Inc.), Medytox, Inc., Sientra, Inc., Allergan, Alma Lasers, Ltd. (A Division of Sisram Medical Ltd.), Cutera, Inc., Anika Therapeutics, Inc., Galderma (A Subsidiary of Nestlé), and Johnson Johnson
MRFR report offers a broad segmental analysis of the medical aesthetics market on the basis of products and end users.
Based on products, it is segmented into nail treatment laser devices, thread lift products, tattoo removal devices, hair removal devices, physician-dispensed eyelash products, aesthetic skin devices, physician-dispensed skin lighteners and cosmeceuticals, cosmetic implants, body contouring devices and facial aesthetic products. Facial aesthetic products are further segmented into microdermabrasion devices, chemical peels, dermal fillers and botulinum toxin. Dermal fillers are further segmented into synthetic and natural dermal fillers. Body contouring devices are further segmented into liposuction devices, cellulite reduction devices and fat reduction devices. Cosmetic implants are further segmented into facial implants, breast implants and other forms of cosmetic implants. Breast implants are again segmented into saline breast implants and silicone breast implants. Skin aesthetics devices are further segmented into light therapy devices, micro-needling products, non-surgical skin tightening devices and laser skin resurfacing devices. Hair removal devices are further segmented into IPL hair removal devices and laser hair removal devices. Of these, facial aesthetic products are anticipated to have the largest share in the market over the estimated years owing to burgeoning demand for facial aesthetic treatments, rising geriatric population and increasing spending capabilities and income.
Based on end user, the medical aesthetics market is segmented into home care settings, beauty centers, clinics, hospitals medical spas. Of these, clinics, hospitals medical spas are expected to lead the market and grow at the fastest pace. Factors leading to the growth include high accessibility of infrastructural and financial resources with hospitals such as skilled professionals and trained staff performing aesthetic procedures and growing number of medical spas and clinics.
Region-wise, the medical aesthetics market has been s segmented into the Americas, the Middle East Africa (MEA), Europe, and Asia Pacific (APAC).
The Americas is at the forefront of the global medical aesthetics market. The region is a fast adopter of all latest technologies which gives it leverage over others. Cosmetic surgery is quite popular in the region, and its number has increased considerably in the past few years in the US. High expenditure on medical aesthetics, the presence of robust healthcare infrastructure, and the presence of advanced technologies and expertise in the field can be credited for the growth of the market. Other factors include the surging prevalence of skin disorders and high disposable income among consumers, which supports the growth of the market.
Europe is the second-largest market and is driven by a rise in the occurrence of various diseases which require aesthetical remediation. Rise in the geriatric population, changing lifestyle, and rise in per capita income are other factors driving the growth of the market.
APAC is slated to be the fastest-growing medical aesthetics market. The governments in the region are drafting favorable healthcare schemes which are creating a conducive environment for the growth of the market. Growing healthcare infrastructure, initiation of awareness programs, and quality assurance of diagnostic procedures in the emerging economies of Sri Lanka, Taiwan, South Korea, China, and India.
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