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Medical Aesthetics Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | AbbVie Inc., Medytox Inc., Galderma S.A., Alma Lasers Ltd., Merz Pharma GmbH & Co. KGaA, Cynosure LLC
Medical Aesthetics Market Size
The Business Research Company offers in-depth market insights through Medical Aesthetics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The medical aesthetics market size has grown rapidly in recent years. It will grow from $11.5 billion in 2023 to $13.11 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to increased aging population, cosmetic industry growth, consumer awareness, medical tourism, regulatory approvals .
The medical aesthetics market size is expected to see rapid growth in the next few years. It will grow to $21.02 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to minimally invasive procedures, virtual consultations, personalized aesthetics, sustainability and eco-friendly products, social media influence. Major trends in the forecast period include combination therapies, regenerative aesthetics, artificial intelligence (ai) and machine learning, virtual reality (vr) for pain management, ultrasound-based treatments.
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Market Segmentation:
The main types of medical aesthetics are facial aesthetic products, body contouring devices, cosmetic implants, hair removal devices, skin aesthetic devices, tattoo removal devices, thread lift products, physician-dispensed cosmeceuticals, skin lighteners, physician-dispensed eyelash products, and nail treatment laser devices. Facial aesthetic products refer to products and procedures that are designed to provide individuals with a pleasing and youthful appearance. The technologies involved are invasive, non-invasive, minimally invasive, and other technologies. These products are sold through direct tender and retail distribution channels and are used in various applications such as anti-aging and wrinkles, facial and skin rejuvenation, breast enhancement, body shaping and cellulite, tattoo removal, vascular lesions, psoriasis, vitiligo, and other applications. The various users included clinics, hospitals, medical spas, beauty centers, and home care.
Major Driver - Rising Demand For Minimally Invasive And Non-Invasive Aesthetic Procedures Fuels Medical Aesthetics Market Growth
The growing adoption of minimally invasive and non-invasive aesthetic procedures is expected to propel the growth of the medical aesthetics market going forward. Minimally invasive procedures refer to the technique used by medical professionals to limit the size and quantity of incisions or injections. There is a rise in minimally invasive and non-invasive aesthetic procedures, which are used as treatments in medical aesthetics because they are quick, minimally invasive, safe, effective, and require little downtime. For instance, in January 2023, according to The International Society of Aesthetic Plastic Surgery, a US-based society of plastic surgeons' liposuction ranked as the most prevalent cosmetic surgical procedure, experiencing a notable surge with over 1.9 million cases, marking a 24.8% increase. Therefore, the growing adoption of minimally invasive and non-invasive aesthetic procedures is driving the growth of the medical aesthetics market.
Competitive Landscape:
Major companies operating in the medical aesthetics market include AbbVie Inc., Medytox Inc., Galderma S.A., Alma Lasers Ltd., Merz Pharma GmbH & Co. KGaA, Cynosure LLC, Fotona d.o.o., Anika Therapeutics Inc., Johnson & Johnson Pvt. Ltd., Cutera Inc., Solta Medical LLC, Quanta System SpA, Sisram Medical Ltd., SharpLight Technologies Inc., Revance Therapeutics Inc., Solta Medical Inc., Lumenis Inc., Candela Corporation, Asclepion Laser Technologies GmbH, Lumenis Ltd., Mentor Worldwide LLC, Sientra Inc., Sciton Inc., Sinclair Pharma, Syneron Medical Ltd., ThermiGen LLC, Venus Concept Inc., Zimmer Biomet Holdings Inc., Allergan plc, BioForm Medical Inc., EndyMed Medical Ltd., Invasix Aesthetic Solutions Inc., Lutronic Corporation
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Top Trend - Rising Adoption Of Robot-Based Surgery And Advanced Technology Innovations In The Medical Aesthetics Market
The adoption of robot-based surgery is the key trend gaining popularity in the medical aesthetics market. Major companies operating in the medical aesthetics market are focused on developing new technological solutions to strengthen their position. For instance, in November 2021, Smith-Nephew, a UK-based manufacturing company that operates in medical aesthetics, launched CORI, a surgical tool using robotic technology. It is an advanced handheld robotic used in total and partial knee arthroplasties. It is the first technology to place the surgeon in the digital operating room and is a compact mobile solution incorporating an advanced robotic sculpting tool with a 3-D intraoperative imaging system. Patients get less painful treatment with fewer revisions required and thus have greater satisfaction post-surgery.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Medical Aesthetics Market Characteristics
3. Medical Aesthetics Market Trends And Strategies
4. Medical Aesthetics Market - Macro Economic Scenario
5. Medical Aesthetics Market Size And Growth
…..
27. Medical Aesthetics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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