Aesthetic Medicine Market Share Poised for Expansion - Projected to Hit USD 178.42 Billion by 2033 at 8.18% CAGR

Aesthetic Medicine Market Outlook

According to Straits Research, the global aesthetic medicine market size was valued at USD 87.93 billion in 2024 and is projected to grow from USD 95.12 billion in 2025 to USD 178.42 billion by 2033, exhibiting a CAGR of 8.18% during the forecast period (2025-2033).

Cosmetic treatments, also known as aesthetic treatments, are non-surgical methods used to reduce the effects of aging, rejuvenate, and replenish the skin. Aesthetic medicine primarily focuses on changing a person's cosmetic appearance to their preference. It's commonly used to cure scars, fatty tissue, hyperpigmentation, skin laxity, moles, and wrinkles, among several other things. Invasive, minimally invasive, and non-invasive cosmetic procedures are used in aesthetic medicine. The global medical aesthetic market is expanding as elderly individuals become more aware of such therapies, and innovative treatments become more widely adopted.

Key Highlights

By procedure type, the global aesthetic medicine market is divided into invasive and non-invasive procedures. The non-invasive procedures are dominant over invasive procedures. They are expected to grow at a CAGR of 10.5% during the forecast period, to reach an expected value of USD 189,671 million in 2033.

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Market Dynamics

Increasing Practice of Minimally Invasive Treatments to Boost the Global Aesthetic Medicine Market

Aesthetic procedures are becoming more popular, while reimbursements for conventional insurance-based medicine are decreasing. Medical aesthetic practices, such as conducting aesthetic trials in their offices or practicing in medical spas, are becoming increasingly popular among doctors. In comparison to invasive surgeries, minimally invasive surgeries have smaller incisions, shorter hospital stays, faster healing of wounds, very little pain, fewer surgical injuries, and reduced associated complications.

Minimally invasive operations are rapidly replacing invasive surgeries. Non-invasive/minimally invasive fat reduction procedures accelerated by 7% in the United States between 2016 and 2019, as per the American Society of Plastic Surgeons (ASPS). In 2021, nearly 13.2 million cosmetic procedures, both minimally invasive and surgical, were performed. As a result, the development of the aesthetic medicine market is being driven by the increasing implementation of minimally invasive surgeries and access to a broader spectrum of minimally invasive treatment options.

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Market Recovery Timeline

During the pandemic, demand for home skincare devices has increased. For example, sales of Philips' at-home Intense Pulse Light (IPL) hair removal system have increased, with solid demand in APAC. Many dermatologists believe the lockdowns will help patients return after the pandemic. For instance, in the United Kingdom, the number of first-time dermatology clinic visitors increased by 78 percent following the lockdowns.

According to the report, the requirement for surgical cosmetic procedures is anticipated to grow as patients have more flexibility and freedom to recover from systems due to social isolation and working from home. Rhinoplasty, facelifts, neck lifts, eyelid surgery, and eye lifts have increased significantly in popularity.

According to an Allergan survey conducted in April 2020, 95% of respondents said they planned to use a neurotoxin filler treatment once COVID-19 restrictions were lifted. A similar report reveals that 86 percent of private aesthetic clinics in China reopened in the third quarter of 2020, with a 52 percent increase in patient traffic. This indicated that the market was on the rise.

Aesthetic Medicine Market Segmentation Analysis:

By Procedure Type
Invasive Procedures
Breast augmentation,
Liposuction
Nose reshaping
Eyelid
surgery
Tummy tuck
Others
Non-Invasive Procedures
Botulinum toxin type A
Soft tissue fillers
Chemical peel
Laser hair removal
Microdermabrasion

By Region
North America
Europe
APAC
Middle East and Africa
LATAM

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Competitive Players:

Evolus Inc.
AIVITA Biomedical
Ellman International, Inc.
Genesis Biosystems, Inc.
Lumenis Ltd.
Sciton, Inc.
Wells Johnson Company
Zeltiq Aesthetics, Inc.
Regional Analysis

The global aesthetic medicine market is divided into North America, Europe, Asia-Pacific, Central and South America, and the Middle East and Africa. Asia-Pacific is expected to grow at a CAGR of 11% to reach an expected value of USD 87,691 million in 2033. With the increase in the demand for antiaging and antipollution products, rise in the standard of living, and growth in disposable income in Asia-Pacific countries, the aesthetic medicine market is expected to grow during the forecast period.

The aesthetic medicine market in North America is estimated to expand at a CAGR of 9.5% over the forecast period, reaching USD 110,134 million in 2033. The United States accounted for the largest share of the North American aesthetic medicine market. A Spike in the number of reconstructive surgeries is propelling the demand for aesthetic medicines in North America.

Recent Developments:

In December 2022, the second undrawn tranche's expiration date under Volus, Inc.'s (NASDAQ: EOLS) existing term loan financing facility with investment funds managed by Pharmakon Advisors, LP, has been extended to December 31, 2023, according to the performance beauty firm.

In October 2022, Evolus will expand its Global Presence with the Nuceiva® Launch in the United Kingdom.

In October 2022, AIVITA Biomedical Reports 50% Enhanced Survival in Phase 2 GBM Study in Publication.

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This release was published on openPR.