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Non-Invasive Aesthetic Treatment Global Market Types and Applications, Drivers, Ongoing Trends, Future Demand, Challenges, Top Companies And Forecast 2024-2033
Non-Invasive Aesthetic Treatment Global Market
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According to The Business Research Company's, The non-invasive aesthetic treatment market size has grown rapidly in recent years. It will grow from $58.31 billion in 2023 to $68.17 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to cultural shifts, changing demographics, medical advancements, media and influencers, pioneering treatments, shifting beauty ideals.
The non-invasive aesthetic treatment market size is expected to see rapid growth in the next few years. It will grow to $121.69 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%. The growth in the forecast period can be attributed to health and wellness trends, emerging markets' influence, expansion of men's market, global aging population, advancements in personalization. Major trends in the forecast period include growing demand for minimally invasive procedures, consumer awareness and education, celebrity endorsements and influencer culture, customization and personalization.
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Market Drivers and Trends:
The increasing focus on physical appearance among adults will propel the growth of the non-invasive aesthetic treatment market. Physical appearance refers to the external appearance of any individual irrespective of their gender, weight, height, or other aspects of the body. With the rapid increase in self-consciousness among individuals, the individuals are focusing on investing in products and medical treatments to increase their external appearance. For instance, in February 2023, according to L'Oréal S.A., a France-based personal care products company, sales of consumer products increased from 11.8% to 14.6% and active cosmetics sales increased from 28.0% to 30.6% from the 3rd quarter of 2022 to the 4th quarter of 2022. Therefore, increasing focus on physical appearance is expected to boost demand for non-invasive aesthetic treatment during the forecast period.
Major companies operating in the non-invasive aesthetic treatment market are developing new products such as picosecond laser to gain a competitive edge in the market. A picosecond laser is a type of laser that emits pulses of light that are extremely short in duration, typically between 1 picosecond (ps) and 100 ps. For instance, in June 2022, Cynosure, a US-based manufacturer of light-based aesthetic and medical treatments, launched PicoSure Pro device. It is an upgraded version of the PicoSure system and is the first and only FDA-cleared 755nm picosecond laser available on the market. The PicoSure Pro device delivers energy in a trillionth of a second, using pressure instead of heat to provide safe and effective treatments for unwanted pigmentation and skin revitalization for all skin types. This device offers practitioners greater flexibility than previous models, allowing them to treat more patients per day and achieve better outcomes in less time.
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Major Key Players of the Market:
Johnson & Johnson, Procter & Gamble Company, Unilever PLC, Allergen, BTL Industries, Bausch Health Companies Inc., Shiseido Company Ltd., Hologic Inc., Cynosure LLC, Galderma S.A., MerzPharma, Sinclair Pharma, InMode Ltd., Lumenis, ZELTIQ Aesthetics Inc., Solta Medical, Syneron Medical Ltd., Cutera Inc., Lutronic Corporation, Revance Therapeutics Inc., LipoSonix Inc., Venus Concept, Fotona d.o.o., Sientra Inc., EndyMed Medical Ltd., Alma Lasers, Sciton Inc., ThermiGen LLC, Valeant Pharmaceuticals International Inc., Candela Corporation
Non-Invasive Aesthetic Treatment Market 2024 Key Insights:
• The non-invasive aesthetic treatment market size is expected to see rapid growth in the next few years. It will grow to $121.69 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%.
• Growing Emphasis On Physical Appearance To Drive Market Growth
• Product Innovations Transforming The Non-Invasive Aesthetic Treatment Market
• North America was the largest region in the non-invasive aesthetic treatment market in 2023
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