The global medical aesthetics market is growing at a significant CAGR of around 7.5% during the forecast period (2019-2025). The market is driven by growing cosmetic procedures, rising middle-aged population, and increasing disposable income across the globe. Further, growing minimally invasive procedure has increased the number of cosmetic procedures across the globe as the minimally invasive procedure provides faster recovery and better cosmetic results which are contributing to the market growth. As per the American Society of Plastic Surgeons (ASPS), a number of cosmetic procedures are continuously growing as there were around 17.7 million cosmetic procedures performed in the US including both, surgical and minimally invasive procedures in 2018, which is increased by 2% as compared to 2017. Among the total cosmetic procedure, around 15.9 million were cosmetic minimally invasive procedures in 2018.
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Spending on beauty procedures is on a significant rise throughout the globe. Urbanization is leading to a modern lifestyle which has urged individuals to focus on physical appearance, thus more and more individuals are going for various beauty procedures. According to a report published by the American Society of Plastic Surgeons (ASPS), Americans spent more than ever with $16.5 billion on cosmetic plastic surgeries and minimally invasive procedures in 2018, a 4% increase from 2017. The most expensive surgical procedures include, facelift (121,531 procedures), $7,655, tummy tuck (130,081 procedures), $6,253, breast reduction (43,591 procedures), $5,680, and Nose reshaping (213,780 procedures), $5,350. Such growing expenditures on beauty procedures ultimately drive the growth of the medical aesthetics market.
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Market Segmentation
Global Medical Aesthetics Market by Type
Facial Aesthetic
Body Contouring
Cosmetic Implants
Hair Removal
Others (Tattoo Removal and Skin Aesthetics)
Global Medical Aesthetics Market by End-User
Hospitals
Dermatology Clinics
Others (Home Care Settings and Medical Spas)
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Allergan, PLC
Alma Lasers GmbH
Anika Therapeutics, Inc.
Candela Corp.
Cutera, Inc.
Cynosure, Inc.
Dr. Korman Laboratories Ltd.
El.En. S.p.A.
Fotonad.o.o.
Galdermal Laboratories L.P.
Huons Co. Ltd.
Johnson & Johnson Services, Inc.
MediNordic Aesthetics ApS
Meditox Co., Ltd.
Merz Pharmaceuticals GmbH
Prollenium Medical Technologies Inc.
Sientra, Inc.
Sinclair Pharma Ltd.
Suneva Medical, Inc.
Teoxane SA
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