Medical Aesthetics Market Size And Forecast

Medical Aesthetics Market size was valued at USD 11.41 Billion in 2020 and is projected to reach USD 27.55 Billion by 2028, growing at a CAGR of 10.6% from 2021 to 2028.

The Medical Aesthetics Market was increased due to the adoption of cosmetic procedures among the population to improve their appearance and help individuals look different from others. Increasing the awareness about cosmetics products and rapidly increasing the growth of adopting the product to improve their appearance. The Global Medical Aesthetics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Medical Aesthetics Market Definition

Aesthetic medicine is a wider term for specialties that are focus on modifying cosmetic product appearance through the treatment of scars, skin laxity, wrinkles, moles, liver spots. Traditionally, it includes dermatology, oral and maxillofacial surgery, reconstructive surgery, and plastic surgery. Aesthetic medicine procedures are usually adequate. An increase in technology and advancement in equipment has increased the demand for the healthcare industry across the world. The company’s main motive is to make awareness about the product and increases its demand. Not only developed countries but developing countries are also adopting various medical aesthetics technologies in healthcare systems.

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Global Medical Aesthetics Market Overview

Medical Aesthetics is a subsidiary of medicine that mainly focuses on procedures and techniques to improve and enhance the skin, face, and body’s appearance, texture, and contours. This branch covers the treatment of scars, moles, liver spots, excess fat, wrinkles, skin looseness, unwanted hair, cellulite, poker, and skin discoloration. The growing awareness of the products and growing demand for cost-effective aesthetics medicine and cosmetic surgery are the main factors for an individual to predict to target the market.

An increase in consumer spending on aesthetic drugs worldwide and the growing demand for surgical products anticipate mainly among the working population resulting in increased demand for aesthetic medicine in various countries. The market had observed a significant growth in the demand for aesthetics treatment. It is increasing in the numbers of doctors and surgeons where they provide safe and effective treatments for the patients by using new technological instruments. However, medical aesthetics have some side effects and risks during the treatment which may hinder the market growth.

Further, the Countries such as India, China, Mexico, and Brazil have significant opportunities for players in the Medical Aesthetics Market. The demand for medical aesthetic instruments has been increased due to fast medical tourism growth, the growth of the adult population, rising incomes, and growing awareness about aesthetic specialties. Many specialists present in these emerging countries contribute to the development of the Medical Aesthetics Market.

Global Medical Aesthetics Market: Segmentation Analysis

The Global Medical Aesthetics Market is Segmented on the Basis of Product, End User, And Geography.

Medical Aesthetics Market, By Product

• Facial Aesthetic Products
• Thread Lift Products
• Physician Dispensed Cosmeceuticals and Skin Lighteners
• Laser Resurfacing Devices
• Physician-Dispensed Eyelash Products
• Laser Hair Removal Devices
• Tattoo Removal Devices
• Breast Implants
• Energy-Based Devices
• Nail Treatment Laser Devices
• Mesotherapy devices

On the basis of Product, the market is segmented into Facial Aesthetic Products, Thread Lift Products, Physician Dispensed Cosmeceuticals and Skin Lighteners, Laser Resurfacing Devices, Physician-Dispensed Eyelash Products, Laser Hair Removal Devices, Tattoo Removal Devices, Breast Implants, Energy-Based Devices, Nail Treatment Laser Devices, Mesotherapy devices. The Facial Aesthetic segment is expected to grow at the fastest rate while Physician-Dispensed Cosmeceuticals and Skin Lighteners have the largest share in the market. The growing female working population, increasing disposable income, and their desire to be youthful, attractive, and optimized treatment outcomes remain key factors for the growth of the facial aesthetic segment.

A thread lift is a convenient and safe alternative to facelift surgery. Increasing preference for minimally invasive treatment for anti-aging, face lifting, and face rejuvenation is driving the growth of the segment. The scope of physician-dispensed cosmeceuticals and skin lighteners segment includes skincare and hair care products. New development in the realm of skin rejuvenation is at an increasing pace in the cosmeceuticals market. Laser skin resurfacing involves the removal of aged skin tissue through an application of thermal heat from high-powered lasers, accelerating the surrounding tissue to recover through the natural wound healing process.

The scope of the Physician Dispensed Eyelash Products segment includes eyelash implants, and eyelash enhancing cosmetics. Laser-based hair removal includes complex photothermal reactions through an epidermis, dermis matrix, aimed to focus hair follicle damage while sparing the epidermis. Increasing consumer awareness regarding ease of treatment for tattoo removal lasers, faster recovery, less pain after an operation are key factors driving the tattoo removal devices segment growth. Breast implants refer to medical devices inserted under the chest muscle or breast tissue to increase the breast size or for the replacement of breast tissue that has been removed. Energy-based devices are approved by the Food and Drug Administration (FDA) for excision, incision, hemostasis, coagulation, vaporization of several soft tissues. Mesotherapy refers to minimally invasive or non-surgical procedures of drug delivery that comprises of multiple subcutaneous or intradermal injections of a compound mixture melange in minute measures by the means of fine needles, and directly near affected sites.

Medical Aesthetics Market, By End User

• Beauty Centers
• Clinics, Hospitals, and Medical S.P.A.s
• Home Care Settings

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On the basis of End Users, the market has been segmented into Beauty Centers, Clinics, Hospitals, and Medical S.P.A.s and Home Care Settings. The Clinics, Hospitals, and Medical S.P.A segment has the largest share while Beauty Centers is expected to grow at the fastest rate.

Beauty centers are expected to hold a significant share in the global Medical Aesthetics Market due to factors including an increasing number of beauty centers along with rising consumer awareness regarding skin diseases. The clinics, hospitals, and medical spas accounted to witness the largest market share of the Medical Aesthetics Market in 2018 and remain to continue the largest segment in terms of revenue during the forecast period. This share can be attributed to several factors including higher availability of infrastructural and financial resources with clinics and hospitals, including skilled surgeons and more. Home care settings are emerging trends in the healthcare industry over the last few decades due to several factors including higher adoption of technological devices in-home care settings along with the integration of these devices with information technology (IT).

Medical Aesthetics Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

On the basis of Geography, the Global Medical Aesthetics Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. NorthAmerica has the largest number of shares in the Medical Aesthetics Market and will continue to make changes and adopting new technology. however, Asia pacific Companies are trying to increase their Medical Aesthetics Market by increasing medical tourism in the US and Europe and increasing awareness about the Medical Aesthetics Market and it’s a key factor for Asian pacific companies to grow their Medical Aesthetics Market.

Key Players

The “Global Medical Aesthetics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Allergan-AbbVie, El.En. S.p.A., Anika Therapeutics, Allergan plc, Cutera Inc., Johnson & Johnson, Syneron Medical.

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