Press release
Non-invasive Aesthetic Treatment Market growing at a CAGR of 9.2% from 2023 to 2032 | HTM Eletronica, Sisram Medical Ltd., Lumenis Ltd., Cynosure Inc, Cutera
According to the report, the global non-invasive aesthetic treatment market valued for $15.5 billion in 2022 and is estimated to reach $37.4 billion by 2032, exhibiting a CAGR of 9.2% from 2023 to 2032.
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Growing R&D activities, rise in adoption, and growing awareness regarding the availability of various noninvasive aesthetic procedures are the factors that drive the growth of the global non-invasive aesthetic treatment market. However, high costs hinder market growth. On the contrary, a rise in deposable income is expected to offer remunerative opportunities for the non-invasive aesthetic treatment market during the forecast period.
Economic Downturn Analysis: Non-Invasive Aesthetic Treatment Market Amidst 2023 Recession
The aesthetic industry, particularly non-invasive treatments, faces nuanced challenges during economic downturns. Factors like affordability, evolving consumer priorities, and manufacturers' investment in R&D play pivotal roles in market resilience. For a deeper dive, connect with our analyst: Connect to Analyst.
Injectables: Sustaining Market Leadership
Injectables maintained their dominance in 2022, capturing half of the global non-invasive aesthetic treatment market. Their appeal lies in their efficacy, quick visible results, and minimal downtime. The flexibility to tailor treatments to individual needs, coupled with affordability, has cemented injectables as a preferred choice. Nonetheless, the "others" segment is poised for rapid growth with an anticipated CAGR of 9.7%. This growth is fueled by increasing bacterial resistance and a broader application spectrum, from respiratory to skin infections.
Female Demographic: Growth and Leadership
In 2022, females accounted for over 90% of the global market revenue and are projected to experience a CAGR of 2.7% during the forecast period. Their diverse aesthetic concerns, from anti-aging to body contouring, and increasing acceptance of non-invasive procedures drive this growth.
Age Group 40-54: Dominating Market Share
The 40 to 54 age bracket led the market in 2022, contributing nearly half of the global revenue and expecting a CAGR of 9.6%. The motivation for maintaining a youthful appearance in a competitive job landscape and societal emphasis on physical aesthetics sustains this demand.
Specialty and Dermatology Clinics: Preferred Choice
Specialty and dermatology clinics held the largest market share in 2022, accounting for over half of the revenue. With an anticipated CAGR of 10.0%, these clinics offer comprehensive non-invasive treatments, supported by skilled professionals, which boost consumer confidence.
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Regional Insights: North America vs. Asia-Pacific
North America dominated in 2022, capturing 40% of the global revenue due to advanced facilities and a mature market. Conversely, the Asia-Pacific region is set to witness the fastest growth with a CAGR of 10.4%. Rising disposable incomes, improved living standards, and a burgeoning desire for Western beauty ideals propel this growth.
Key Market Players:
Sisram Medical Ltd
Abbvie Inc
Cynosure Inc
Lumenis Ltd.
Candela Corporation
Fotona
HTM Eletronica
MerzPharma
Cutera
Bausch Health Companies Inc
These market leaders employ various strategies such as innovation, collaboration, and acquisitions to bolster their market positions. Our report offers a comprehensive analysis of their business strategies, product portfolios, and competitive landscape, providing insights into the global non-invasive aesthetic treatment market.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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