Press release
Global Aesthetic Medicine Market Analysis, Business Development, Size, Forecast To 2033
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Aesthetic Medicine Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $96.66 billion In 2028 At A CAGR Of 9.0% :
The aesthetic medicine market size has grown strongly in recent years. It will grow from $62.37 billion in 2023 to $68.57 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to rising disposable income and urbanization, growing obese population and increasing popularity of noninvasive and minimally invasive aesthetic procedures.
The aesthetic medicine market size is expected to see strong growth in the next few years. It will grow to $96.66 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to increasing elderly population, rapid urbanization and rise in disposable income, increase in mergers and acquisitions. Major trends in the forecast period include product innovations, use of artificial intelligence in aesthetics, development of focal radio frequency technology, use of laser-assisted liposuction, and partnerships and collaborations.
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Aesthetic Medicine Market Major Segments
The aesthetic medicine market covered in this report is segmented -
1) By Product: Facial Aesthetic Products, Body Contouring Devices, Cosmetic Implants, Hair Removal Devices, Skin Aesthetic Devices, Other Products
2) By Procedure Type: Invasive Procedures, Non-Invasive Procedures
3) By End-User: Hospitals And Clinics, Medical Spas And Beauty Centres, Home Care
Key Driver - Rising Obesity Rates Drive Surge In Demand For Aesthetic Medicine Worldwide
The growing obese population across the globe is expected to propel the growth of the aesthetic medicine market. The increase in unhealthy food consumption, lack of physical activity, and parental & postnatal influences are contributing to rapid growth in the obese population across the globe. Individuals with obesity, seek aesthetic medicine for fat reduction, meso/face-lift, and other benefits through various invasive and non-invasive aesthetic medicine procedures. For instance, in July 2021, according to a European health interview survey on the overweight or obese population in Europe conducted by Eurostat, the statistical office of the European Union, reported that 52.7% of the adult population of Europe was overweight. Therefore, the growing number of obese populations across the globe is expected to drive the growth of the aesthetic medicine market.
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Prominent Trend - Lumenis Launches Splendor X With Blend X Technology In The Uk Aesthetic Medicine Market
Companies in the aesthetic medicine market are focused on product innovations and developing new products to strengthen their position in the market. For example, in January 2022, Lumenis, an Israel-based energy-based medical device company for aesthetic, surgical, and ophthalmic applications launched the Splendor X device to the UK market. The device is powered by BLEND X technology, a binary laser emission of Nd: YAG (neodymium-doped yttrium aluminum garnet; Nd: Y3Al5O12) (1064 nm) and Alexandrite (755 nm) wavelengths with synchronized and adjustable proportions and the device is suitable for both men and women and can be used on all Fitzpatrick skin types. It can treat any area of the body, including the face, bikini line, legs, arms, stomach, and underarms.
Aesthetic Medicine Market Players
Major companies operating in the aesthetic medicine market report are AbbVie, Johnson & Johnson, Galderma, Bausch Health, Shanghai Fosun Pharmaceutical Co, Cynosure, El.En. S.p.A, Cutera, Merz Pharma, Syneron Candela, Vive Cosmetics, VLCC Personal Care, Kazima Cosmetics Mitsubishi Heavy Industries, Ltd, SoftFil, Sinclair Phama, BIOXIS pharmaceuticals, Premium Aesthetics LLC, Martinex, Medical Esthetic, Ipsen Pharma, Ruby Surgery & Aesthetics, Medicina Estética Regenerativa, Xcite Technologies, ReNue aesthetic medicine, VYDENCE Medical, Julphar, MSD (Musculoskeletal disorders), Next Biosciences, Novartis South Africa, BBI Solutions, Aspen Pharmacare, 54gene, Altis Biologics, Cipla Medpro, Sanofi Genzyme.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the aesthetic medicine market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aesthetic medicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Aesthetic Medicine Market Report Structure
3. Aesthetic Medicine Market Trends And Strategies
4. Aesthetic Medicine Market - Macro Economic Scenario
5. Aesthetic Medicine Market Size And Growth
…..
27. Aesthetic Medicine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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