Press release
Medical Aesthetics Market Is Expand at a CAGR of 12.3% to Reach US$ 32.4 billion by 2031
New York, Global Medical Aesthetics Market report from Global Insight Services is the single authoritative source of intelligence on Medical Aesthetics Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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The medical aesthetic is used to treat and improve the aesthetic appearance of a person by treating various conditions, like skin laxity, excessive fat, cellulite, scars, moles, wrinkles, unwanted hair, liver spots, spider veins, and skin discoloration. Conventionally, it comprises dermatology, oral & maxillofacial surgery, reconstructive surgery, and plastic surgery. Aesthetic medicine comprises surgical & non-surgical procedures and a combination of both can be used to enhance an individual's physical appearance. Additionally, deformities caused due to accidents, trauma, and other congenital disorders are rectified by the use of aesthetic devices (particularly implants). Moreover, aesthetic procedures help reverse the aging process to a certain extent. Adding to that, the importance of physical appeal is on the rise and people across the globe are attracted to products and treatments that will help them retain their youth and beauty.
Market Players of the Global Medical Aesthetic Market
The key players in the global medical aesthetic market are Allergan-AbbVie, Alma Lasers, Ltd., Anika Therapeutics, Cutera, Inc., Cynosure, El.En. S.p.A., Fotona d.o.o., Galderma, Johnson & Johnson, Merz Pharma GmbH & Co. KGaA, Medytox, Inc., SIENTRA, INC., HUADONG MEDICINE CO. LTD. and BAUSCH HEALTH COMPANY, INC. among others.
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Market Segments
By Product
Facial Aesthetic Products
Dermal Fillers
Botulinum Toxin
Microdermabrasion
Chemical Peels
Body Contouring Devices
Nonsurgical Fat Reduction Devices
Cellulite Reduction Devices
Liposuction Devices
Cosmetic Implants
Breast Implants
Facial Implants
Gluteal Implants
Hair Removal Devices
Laser Hair Removal Devices
IPL Hair Removal Devices
Skin Aesthetic Devices
Laser Resurfacing Devices
Nonsurgical Skin Tightening Devices
Micro-needling Products
Light Therapy Devices
Tattoo Removal Devices
Thread Lift Products
Physician-dispensed Cosmeceuticals and Skin Lighteners
Physician-dispensed Eyelash Products
Nail Treatment Laser Devices
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Market Drivers
Growing adoption of minimally invasive and non-invasive aesthetic procedures
There has been a significant increase in the inclination for minimally invasive and non-invasive aesthetic procedures over traditional surgical procedures in the past decade. Minimally invasive/nonsurgical alternatives offer various advantages over traditional surgical procedures, like fewer pain, minimized scarring, and quicker recovery. These procedures are also more economical than traditional surgical procedures. As per the International Society of Aesthetic Plastic Surgery (ISAPS), there was an overall increase of 5.4% in the number of plastic and cosmetic procedures during 2017 and 2018.
Market Opportunities
Growing demand from emerging markets
Emerging countries like China, Brazil, Mexico, and India offer significant opportunities for players operating in the medical aesthetics market. The demand for medical aesthetic devices in these countries is rising owing to rapid growth in medical tourism, the growing adult (aged 20 and above) population, rising disposable incomes, and increasing awareness about aesthetic specialties. The presence of a greater number of surgeons in these emerging countries is also contributing to the growth of the medical aesthetics market.
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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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