Press release
Medical Aesthetics Market valued at USD 11.52 billion in 2022, is set to experience robust growth with a projected compound annual growth rate (CAGR) of 10.7% from 2023 to 2029, reaching nearly USD 23.47 billion.
Medical Aesthetics Market
The Medical Aesthetics market is segmented based on Product, End-User, Application, and Region. This comprehensive report provides valuable insights, historical data, and statistically supported market statistics. It also includes a detailed analysis of the market's scope and research methodology, ensuring accurate estimates based on an appropriate set of assumptions and methodologies.
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The report employs a bottom-up approach to estimate the market size, identifying major key players through secondary research and determining their market revenues through primary and secondary research. The methodology includes an analysis of annual and financial reports of leading manufacturers, along with interviews with important opinion leaders and industry experts.
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What are Medical Aesthetics Market Dynamics:
The Medical Aesthetics market is driven by several key dynamics that are shaping its growth trajectory. One of the major drivers is the growing demand for medical spa treatments. Medical spas, which offer a range of medical aesthetic services provided by qualified professionals, are gaining popularity. The industry is projected to witness significant revenue growth, indicating a positive market outlook.
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Another driver is the increasing demand for medical aesthetics in South-East Asian countries. The expansion of the middle-class consumer segment in these regions has created a fertile ground for the growth of medical aesthetics clinics. The development prospects in the health and wellness industry are promising, and the increased availability, awareness, and applicability of medical aesthetics are contributing to market growth.
On the demand side, the acceptability of aesthetic treatments among diverse target categories, increased frequency of use, and a shift toward higher spending are significant drivers of market growth. For example, the market has not only been successful in boosting penetration among various female demographics but has also made inroads in attracting 18-35-year-old males to aesthetics clinics.
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Medical Aesthetics Market Market Regional Insights:
North America holds a significant revenue share of more than 30% in the Medical Aesthetics market. The region benefits from advanced healthcare infrastructure, a high acceptance of cosmetic procedures, and a large pool of skilled cosmetic surgeons. The rise in cosmetic surgery treatment rates in recent years has contributed to the region's market growth. North America is expected to continue being a prominent profit driver for aesthetic medication manufacturers.
The Asia Pacific region is projected to experience substantial growth in the Medical Aesthetics market, with a forecasted CAGR of 8.5%. Countries like China, India, and South Korea play a vital role in driving regional growth. The availability of technologically advanced products, a growing emphasis on physical appearance, and South Korea's reputation as a cosmetic surgery hub are key factors expected to boost the market in this region. Major competitors in the region are implementing strategies to maximize consumer penetration, indicating the potential for significant market growth in the coming years.
What is Medical Aesthetics Market Segmentation:
by Product
• Facial Aesthetic Products
• Body Contouring Devices
• Cosmetic Implants
• Hair Removal Devices
• Skin Aesthetic Devices
• Tattoo Removal Devices
• Thread Lift Products
• Physician-dispensed Cosmeceuticals and Skin Lighteners
• Physician-dispensed Eyelash Products
• Nail Treatment Laser Devices
by End-User
• Clinics, Hospitals, and Medical Spas
• Beauty Centers
• Home Care
by Application
• Skin Resurfacing & Tightening
• Body Contouring and Cellulite Reduction
• Hair and Tattoo Removal
• Breast Augmentation
• Other Applications
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Who are Medical Aesthetics Market Key Players:
• Anika Therapeutics, Inc. (US)
• Cutera, Inc. (US)
• Sientra, Inc. (US)
• Candela Corporation (US)
• PhotoMedex, Inc. (US)
• Solta Medical, Inc. (US)
• Zimmer Biomet Holdings, Inc. (US)
• Dentsply Sirona Inc. (US)
• AbbVie (US)
• Cynosure Inc. (US)
• 3M (US)
• Merz Pharmaceuticals GmbH (Germany)
• Sinclair Pharma (UK)
• DEKA M.E.L.A (Italy)
• El.En. S.p.A. (Italy)
• Bausch Health Companies Inc. (Canada)
• YOLO Medical (Canada)
• Venus Concept (Canada)
• Galderma S.A. (Switzerland)
• GymnaUniphy (Belgium)
• Fotona D.O.O. (Slovenia-Balkans)
• Medytox (South Korea)
• Lutronic (South Korea)
• ADIN Dental Implant Systems (Israel)
• Lumenis (Israel)
• Inmode (Israel)
Table of content for the Medical Aesthetics Market includes:
1. Global Medical Aesthetics Market: Research Methodology
1. Global Medical Aesthetics Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Medical Aesthetics Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Medical Aesthetics Market Market Segmentation
• Global Market, by Product (2022-2029)
• Global Market, by End-User (2022-2029)
• Global Market, by Application (2022-2029)
5. Regional Medical Aesthetics Market Market (2021-2029)
• Regional Market, by Product (2022-2029)
• Regional Market, by End-User (2022-2029)
• Regional Market, by Application (2022-2029)
• Regional Market, by Country (2022-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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