Press release
Global Medical Aesthetics Market: Major Trends Reshaping the Future of the Industry
Medical Aesthetics Market
What Will the Medical Aesthetics Industry Market Size Be by 2025?
Marked by swift expansion recently, the overall dimensions of the medical aesthetics sector are escalating, projected to achieve $14.93 billion by 2025 from its 2024 valuation of $13.19 billion, reflecting a substantial compound annual growth rate of 13.2%; this recent upward trajectory is fundamentally fueled by several key factors, including an expanding elderly demographic, the general proliferation of the cosmetic industry, greater public knowledge regarding available procedures, the rise of medical tourism, and the continual acquisition of necessary regulatory clearances.
What's the Long-Term Growth Forecast for the Medical Aesthetics Market Size Through 2029?
Anticipation surrounds the medical aesthetics sector, predicting a swift expansion in the forthcoming years, with its valuation projected to reach $23.6 billion by 2029, reflecting a compound annual growth rate (CAGR) of 12.1%; this upward trajectory is fueled by several factors, notably the increasing popularity of less invasive procedures, the rising adoption of virtual consultations, a movement toward individualized aesthetic solutions, a greater emphasis on sustainable and environmentally conscious products, and the significant persuasive power wielded by social media, while key developments shaping this time frame encompass the integration of combination therapies, the rise of regenerative aesthetics, the incorporation of artificial intelligence and machine learning, the utilization of virtual reality for managing discomfort, and advancements in ultrasound-guided treatments.
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What Are the Key Growth Drivers Fueling the Medical Aesthetics Market Expansion?
Forward momentum in the medical aesthetics sector is anticipated, fueled by the increasing uptake of aesthetic treatments that involve either minimal invasion or are entirely non-invasive. Such minimally invasive techniques involve medical practitioners restricting the dimension and amount of necessary incisions or injections. The popularity of these aesthetic treatments, both minimally invasive and non-invasive, is on the rise within the medical field because they offer rapid results, are safe and effective procedures that demand minimal recovery time. For illustration, data from January 2023 published by the US-based International Society of Aesthetic Plastic Surgery highlighted liposuction as the foremost cosmetic surgical operation, demonstrating a significant upturn with more than 1.9 million instances documented, which represents a 24.8 percent escalation. Consequently, the increasing utilization of aesthetic procedures requiring little to no significant surgical intervention is directly encouraging the expansion of the medical aesthetics market.
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What Are the Key Trends Driving Medical Aesthetics Market Growth?
A significant movement observed within the medical aesthetics sector involves the growing acceptance of surgical procedures utilizing robots. Leading entities within this market are strategically concentrating their efforts on innovating novel technological advancements to solidify their competitive standing. To illustrate this, consider the introduction by BeautyFix Medspa, a service provider in the United States offering treatments spanning body sculpting, cosmetic operations, and dermatological care, of its Aesthetics Simulation Technology in September 2022. This technological offering, which can be utilized across any web browser or gadget, provides a sophisticated patient interaction derived from software engineered by EntityMed, a firm specializing in digital health. Having undergone trials with more than ten thousand individuals, this Aesthetics Simulation software represents the inaugural clinical-grade artificial intelligence simulator for injectable treatments available stateside; it empowers patrons to pre-visualize prospective aesthetic outcomes, either by submitting a picture or interacting with an in-office terminal, allowing for virtual application and modification of dermal fillers or toxins across facial regions, all without the necessity of receiving any actual injections.
How Is the Medical Aesthetics Market Segmented?
The medical aestheticsmarket covered in this report is segmented -
1) By Product: Facial Aesthetic Products; Body Contouring Devices; Cosmetic Implants; Hair Removal Devices; Skin Aesthetic Devices; Tattoo Removal Devices; Thread Lift Products; Physician-dispensed Cosmeceuticals and Skin Lighteners; Physician-dispensed Eyelash Products; Nail Treatment Laser Devices
2) By Technology: Invasive; Non-Invasive; Minimally Invasive; Other Technologies
3) By Distribution Channel: Direct Tender; Retail
4) By Application: Anti-Aging and Wrinkles; Facial and Skin Rejuvenation; Breast Enhancement; Body Shaping and Cellulite; Tattoo Removal; Vascular Lesions; Psoriasis and Vitiligo; Other Applications
5) By End User: Clinics, Hospitals, and Medical Spas; Beauty Centers; Home Care
Subsegments:
1) By Facial Aesthetic Products: Injectables; Chemical Peels; Facial Masks And Serums
2) By Body Contouring Devices: Cryolipolysis Devices; Radiofrequency Devices; Ultrasound Devices
3) By Cosmetic Implants: Breast Implants; Facial Implants; Injectable Implants
4) By Hair Removal Devices: Laser Hair Removal Devices; Intense Pulsed Light (IPL) Devices; Electrolysis Devices
5) By Skin Aesthetic Devices: Microdermabrasion Devices; LED Therapy Devices; Laser Skin Resurfacing Devices
6) By Tattoo Removal Devices: Q-Switched Lasers; Pico Lasers; Surgical Tattoo Removal Devices
7) By Thread Lift Products: PDO Threads; PLLA Threads; PCL Threads
8) By Physician-Dispensed Cosmeceuticals And Skin Lighteners: Prescription Skincare Products; Skin Brightening Agents
9) By Physician-Dispensed Eyelash Products: Eyelash Growth Serums; Eyelash Extensions
10) By Nail Treatment Laser Devices: Laser Devices For Nail Fungus; Light Therapy Devices For Nails
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Which Companies Are Leading the Charge in Medical Aesthetics Market Innovation?
Major companies operating in the medical aesthetics market include AbbVie Inc., Medytox Inc., Galderma S.A., Alma Lasers Ltd., Merz Pharma GmbH & Co. KGaA, Cynosure LLC, Fotona d.o.o., Anika Therapeutics Inc., Johnson & Johnson Pvt. Ltd., Cutera Inc., Solta Medical LLC, Quanta System SpA, Sisram Medical Ltd., SharpLight Technologies Inc., Revance Therapeutics Inc., Solta Medical Inc., Lumenis Inc., Candela Corporation, Asclepion Laser Technologies GmbH, Lumenis Ltd., Mentor Worldwide LLC, Sientra Inc., Sciton Inc., Sinclair Pharma, Syneron Medical Ltd., ThermiGen LLC, Venus Concept Inc., Zimmer Biomet Holdings Inc., BioForm Medical Inc., EndyMed Medical Ltd., Invasix Aesthetic Solutions Inc., Lutronic Corporation
Which Regions Are Leading the Global Medical Aesthetics Market in Revenue?
North America will be the largest region in the medical aesthetics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical aesthetics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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