Press release
Global Aesthetic Medicine Market to Reach $104.62 Billion by 2029, Growing at 8.9% CAGR
Aesthetic Medicine
The rise in obesity worldwide is anticipated to fuel the expansion of the aesthetic medicine market. The rise in consumption of unhealthy food, insufficient physical exercise, and influences during and after pregnancy have resulted in a swift increase in global obesity rates. Those suffering from obesity often turn to aesthetic medicine for fat reduction, mesotherapy/face-lifts, and other benefits, using a range of invasive and non-invasive procedures. For instance, data from the UK Government Digital Service projected that in England, the percentage of adults (18 and over) classified as obese for 2022-2023 has risen to 25.9%, up from 25.2%. Consequently, the increasing global obesity figures are anticipated to spur the development of the aesthetic medicine market.
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What is the projected compound annual growth rate (CAGR) of the aesthetic medicine market from 2025 to 2034, and what factors influence it?
The market size for aesthetic medicine has experienced robust growth in the past few years. A surge from $67.79 billion in 2024 to $74.41 billion in 2025, representing a compound annual growth rate (CAGR) of 9.8%, is expected. The historic growth can be traced back to factors like an increase in disposable income and urbanization, a burgeoning population suffering from obesity, and the rising preference for noninvasive and minimally invasive aesthetic treatments.
The market for aesthetic medicine is anticipated to experience substantial growth over the coming years, expanding to $104.62 billion in 2029 with a compound annual growth rate (CAGR) of 8.9%. The expansion projected in this period is owed to a greater elderly population, swift urbanization, an upswing in disposable income, and a surge in mergers and acquisitions. Key trends for this forecast period include advancements in product innovations, the application of artificial intelligence in aesthetic contexts, enhancement of focal radio frequency technology, execution of laser-assisted liposuction, along with increased partnerships and collaborations.
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How are the latest trends influencing the growth of the aesthetic medicine market?
Firms in the aesthetic medicine market are concentrating their efforts on the invention and launch of new products to solidify their market position. For instance, Lumenis, an Israel-based firm specializing in energy-based medical devices for aesthetic, surgical, and ophthalmic procedures, introduced the Splendor X device to the UK market in January 2022. This device utilizes BLEND X technology, a dual laser emission of Nd:YAG (neodymium-doped yttrium aluminum garnet; Nd: Y3Al5O12) (1064 nm) and Alexandrite (755 nm) wavelengths with adaptable and synchronized proportions. The device, which is suitable for both genders and every Fitzpatrick skin type, can be applied to any body part, including the face, bikini area, legs, arms, stomach, and underarms.
What are the major segments of the aesthetic medicine market and their role in driving growth?
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
Subsegments:
1) By Facial Aesthetic Products: Dermal Fillers, Botox And Neurotoxins, Chemical Peels
2) By Body Contouring Devices: Cryolipolysis Devices, Radiofrequency Devices, Ultrasound Devices
3) By Cosmetic Implants: Breast Implants, Facial Implants, Body Implants
4) By Hair Removal Devices: Laser Hair Removal Devices, Intense Pulsed Light (IPL) Devices
5) By Skin Aesthetic Devices: Microneedling Devices, Laser Skin Resurfacing Devices, LED Therapy Devices
6) By Other Products: Skin Tightening Devices, Cellulite Reduction Devices, Anti-Aging Products
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Which regions are key players in the growth of the aesthetic medicine market?
North America was the largest region in the aesthetic medicine market in 2024. 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.
Who are the key firms paving the way for growth in the aesthetic medicine market?
Major companies operating in the aesthetic medicine market include 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, 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, Aspen Pharmacare, 54gene, Altis Biologics, Cipla Medpro, Sanofi Genzyme.
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What Is Covered In The Aesthetic Medicine Global Market Report?
•Market Size Forecast: Examine the aesthetic medicine market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the aesthetic medicine market for a structured understanding.
•Key Players Overview: Analyze major players in the aesthetic medicine market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aesthetic medicine market.
•Segment Contributions: Evaluate how different segments drive overall growth in the aesthetic medicine market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aesthetic medicine market.
•Industry Challenges: Identify potential risks and obstacles affecting the aesthetic medicine market.
•Competitive Landscape: Review strategic developments in the aesthetic medicine market, including expansions, agreements, and new product launches.
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