Medical Aesthetics Market to Reach $30.9 Billion by 2030, Expanding at a CAGR of 10.6%

Medical Aesthetics Market

According to Polaris Market Research analysis, the global medical aesthetics market was valued at USD 12.5 billion in 2021 and is projected to reach USD 30.9 billion by 2030. It is expected to register a CAGR of 10.6% from 2022 to 2030.

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About the Market

Medical aesthetics is a field of healthcare that concentrates on improving a person's look through nonsurgical treatments. Unlike conventional beauty treatments, which frequently include surface-level care such as facials and makeup, medical aesthetics go deeper. It merges advanced technologies and medical prowess to acquire detectable and lasting outcomes.

They include a broad range of treatments that can address several concerns, from decreasing wrinkles and fine lines to contouring the body. These treatments are outlined to enhance the look of skin, face and body without the requirement of invasive surgery. To smoothen wrinkles, plump the lips, restorative skin, and sculpt the body, medical aesthetics provides solutions that are productive and minimally disorderly in everyday life.

Market Drivers

Growing Consumer Spending: The demand for medical aesthetics is on the rise due to growing consumer spending of cosmetic pharmaceuticals worldwide and rising surgical product demand, especially among the laboring population. The aggregate of doctors and surgeons who cure patients securely and efficaciously with the help of advanced technology instruments is catapulting the medical aesthetics market on a growth trajectory.

Growing Demand for Non-Invasive Surgeries: Factors such as growing demand for noninvasive and minimally invasive remodeling surgeries, growth in trauma incidents or congestion accidents, elevated cases of breast cancer, a growing existence of hereditary face and dental distortions, surge in consciousness campaigns such as breast reconstruction consciousness campaign which commenced in the US are impacting the market growth.

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Competitive Landscape

The market competitive landscape offers details of all the major players operating in rapidly evolving market. Market leaders are enumerated as follows:

3M
ADIN Dental Implant Systems
Allergan plc
Anika Therapeutics, Inc.
Cynosure Inc.
Deka Laser Technologies
Dentsply Sirona Inc.
El.En. S.p.A.
Etoile
Fotona D.O.O.
Galderma S.A
GymnaUniphy N.V.
Medytox, INC
Mentor Worldwide LLC
Merz Aesthetics, Inc.
NDI Dental Implants
PhotoMedex, Inc.
Sientra, Inc.
Sinclair Pharma PLC
Solta Medical
Solta Medical, Inc.
Syneron Medical, Ltd.
Tecno Gamma
TRI Dental Implants
YOLO Medical
ZELTIQ Aesthetics, Inc.
Zimmer Biomet Holdings, Inc.

Recent Developments

June 2022: Cynosure Inc. introduced the PicoSure Pro, an advanced upgrade to its PicoSure platform. This next-generation device delivers ultra-fast energy pulses in a trillionth of a second, using pressure instead of heat to safely and effectively target unwanted pigmentation and support skin revitalization across all skin types.

November 2020: AbbVie, a leading U.S.-based biopharmaceutical company, completed the acquisition of Allergan plc, resulting in the formation of Allergan Aesthetics, a dedicated global business unit. This strategic move was aimed at enhancing AbbVie's medical aesthetics portfolio and expanding its presence in the aesthetics market.

Segment Categorization

Report Scope

Medical Aesthetics Market, Product Outlook (Revenue - USD Billion, 2018 - 2030)
• Facial Aesthetic Products
• Cosmetic Implants
• Skin Aesthetic Devices
• Body Contouring Devices
• Physician-Dispensed Cosmeceuticals & Skin Lighteners
• Hair Removal Devices
• Tattoo Removal Devices
• Thread Lift Products
• Physician-Dispensed Eyelash Products
• Nail Treatment Laser Devices

Medical Aesthetics Market, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
• Clinics, Hospitals and Medical Spas
• Beauty Centers
• Home Care Settings

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Region-wise Outlook

North America accounts for the major share of the medical aesthetics market. This is mainly credited to the surge in the elderly population, the escalated aggregate of cosmetic treatments performed, surging disposable income, growing consciousness, and government investments in healthcare architecture. The demand is also rising due to a robust research pipeline, the generation of technologically advanced commodities, and FDA consent for home usage aesthetic gadgets.

Asia Pacific is expected to witness considerable growth over the forecast period due to growing medical tourism, increased public information on anti-aging operations, improved healthcare architecture, and cost-effective healthcare treatments.

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