Aesthetics Market Revenue to increase at 13.92 % CAGR, to reach USD 320 Billion By 2030

By 2030, the Aesthetics Market is expected to reach USD 320 Billion at a 13.92% CAGR. The worldwide aesthetics industry is being pushed by increased demand for hair transplantation and liposuction operations, as well as an aging and obese population. The COVID-19 epidemic has had a negative influence on the cosmetics industry. Following the epidemic, the luxury and cosmetics sector has faced supply and manufacturing chain issues, including delayed product delivery to consumers and an unequal demand and supply ratio. SARS-CoV-2 infections are increasing globally, and the lockdown has reduced demand for non-essential items and services, slowing market growth.

Recently, there has been a noticeable increase in the demand for noninvasive and minimally invasive cosmetic operations, as well as a decrease in the choice of traditional surgical procedures. Minimally invasive methods provide a variety of advantages, including less discomfort, less scarring, and faster recovery, as well as being less expensive than standard procedures. The emergence of technically novel technologies, such as a non-invasive body contouring system that employs controlled cooling technology, may open up new growth opportunities in the future years. Other growth drivers include an increase in the number of experienced surgeons doing non-invasive cosmetic operations, as well as a decreased complication rate.

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Key Players

ZO Skin Health Inc.Teoxane, Clinique IS Clinical Medik8, Biore, Elemis Ltd, Dermalogica PCA Skin, Endocare, Alumier MD, Neostrata, Skin Medica, Swiss code, Kiehl's, SkinCeuticals, Lancome, and Clarins, La Roche-Posay, Obagi Medical, are among the key companies included in this market.

Segmental Analysis

By demand: The report's principal treatments include nonsurgical aesthetic procedures and surgical aesthetic operations. The expansion of the non-invasive medical aesthetics business has increased the demand for non-surgical cosmetic operations. Non-surgical therapies are often favored because they provide several advantages over surgical procedures, such as no scarring, less downtime, decreased complication risks, no need for hospitalization, and cheaper treatment costs.

By end-user: Depending on the end-user, the aesthetics market caters to hospitals & clinics, salons & spas, and dermatology clinics & cosmetic centers. Given the increasing number of medical spas globally and the availability of technologically sophisticated equipment gadgets, competent experts, and educated personnel that executes efficient cosmetic operations, the salons & spas market is expected to develop at the quickest rate in the next years.

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Regional Analysis

The global medical aesthetics market is studied across five major regions: North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.

As per the research reports by MRFR, the global medical aesthetics market was dominated by the Plenty of major market leaders is the primary aspect causing an upsurge in the regional market's growth.

The Asia-Pacific regional market for medical aesthetics is likely to register the highest growth rate over the review timeframe from 2022 to 2030. The regional market's growth is being driven by the marketing steps commenced by recognized market players, growing support by governments to strengthen the local economies, and rising consumer knowledge. Additionally, the growth in investment in tourism is likely to accelerate the regional market's growth over the coming years.

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