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  • Medical Aesthetics Market Forecast & Growth Analysis | 2023-2028

    Medical Aesthetics Market Forecast & Growth Analysis | 2023-2028

    Medical Aesthetics Market Forecast & Growth Analysis | 2023-2028
    Report code - SRHL128 Delivery - 2 Weeks
    Medical Aesthetics Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis - See more...

    Market Insights

    The medical aesthetics market was estimated at USD 10.29 billion in 2022 and is likely to grow at a CAGR of 10.7% during 2023-2028 to reach USD 18.94 billion in 2028.

    Medical-Aesthetics-Market-Insights

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    Medical aesthetics includes all medical procedures and treatments to help patients achieve their aesthetic goals by improving their cosmetic appearance of patients.

    COVID-19 Impact on the medical aesthetics market.

    The medical aesthetic market was significantly affected by the pandemic in the year 2020. The market experienced negative growth owing to the reasons like reduced product demand, limited operations, lockdown leading to the closure of beauty centers, and supply chain disruption. However, after the pandemic, there was an increase in the demand for cosmetic surgeries and the market is expected to experience robust growth in the forecast period.

    Medical Aesthetics Market Highlights

    Market Size in 2022

    USD 10.29 billion

    Market Size in 2028

    USD 18.94 billion

    Market Growth (2023-2028)

    10.7% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    Some of the key players in the market are-

    • Allergan plc
    • Alma Lasers, Ltd.
    • Allergan-AbbVie
    • Anika Therapeutics Inc.
    • Cutera Inc.
    • EI.En. S.p.A.
    • Galderma Laboratories, L.P.
    • Johnson & Johnson
    • Medytox, Inc.
    • Sientra, Inc.

    Market Dynamics

    The growth of the medical aesthetics market is primarily driven by:

    • Increasing demand for minimally invasive and non-invasive aesthetic procedures,
    • Growing awareness of cosmetic procedures,
    • Rising disposable income,
    • Prevalence of skin diseases,
    • Technological advancements,
    • Rising expenditure on cosmetic surgeries and growing demand for medical aesthetics to improve physical appearance.

    Medical-Aesthetics-Market-Dynamics

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    Segments Analysis

    By Product Type

    Based on the product type, the market is segmented as facial aesthetic products, body contouring devices, cosmetic implants, physician-dispensed cosmeceuticals and skin lighteners, physician-dispensed eyelash products, skin aesthetic devices, hair removal devices, tattoo removal devices, thread lift products, and nail treatment laser devices. Among these product types, it is estimated that the facial aesthetic products segment is likely to be the major product type during the forecast period, largely due to the increasing demand for facial aesthetic treatments, the growing number of working female population, increasing disposable income, and the desire to look young and attractive.

    By End-User Type

    Based on the end-user type, the market is segmented as clinics, hospitals, medical spas; beauty centers; and home care settings. The clinics, hospitals, and medical spas segment will be dominant during the forecast period. The segment’s growth is on account of the growing number of hospitals, clinics, and medical spas, the availability of infrastructural and financial resources, technologically advanced devices, and skilled professionals to perform aesthetic procedures.

    Regional Insights

    In terms of regions, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world. Among these regions, North America is expected to be the dominant region in the market during the forecast period. The market growth in this region is majorly attributed to the rising awareness of aesthetic procedures, increasing the number of skin diseases, the growing geriatric population, and technological advancement in the field of advanced medical devices. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Medical-Aesthetics-Market-Regional-Insights

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories.

    By Product Type

    • Facial Aesthetic Products
    • Body Contouring Devices
    • Cosmetic Implants
    • Physician-Dispensed Cosmeceuticals and Skin Lighteners
    • Physician-Dispensed Eyelash Products
    • Skin Aesthetic Devices
    • Hair Removal Devices
    • Tattoo Removal Devices
    • Thread Lift Products
    • Nail Treatment Laser Devices

    By End-User Type

    • Clinics, Hospitals, and Medical SPAs
    • Beauty Centers
    • Home Care Settings

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Medical-Aesthetics-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Medical Aesthetics Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the product types by end-user type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The medical aesthetics market was estimated at USD 10.29 billion in 2022.

    The medical aesthetics market is likely to reach USD 18.94 billion in 2028.

    The medical aesthetics market is expected to witness an impressive growth of 10.7% CAGR in the coming years.

    Allergan plc, Allergan-AbbVie, Alma Lasers, Ltd., Anika Therapeutics Inc., Cutera Inc., EI.En. S.p.A., Galderma Laboratories, L.P., Johnson & Johnson, Medytox, Inc., and Sientra, Inc are among the key players in the market.

    The facial aesthetic products segment and clinics, hospitals, and medical spas segment are expected to be the major segment in the market in the next five years.

    Medical aesthetics includes all medical procedures and treatments to help patients achieve their aesthetic goals by improving their cosmetic appearance of patients.

    North America is expected to hold the largest share in the market during the forecast period.

    Increasing demand for minimally invasive and non-invasive aesthetic procedures, growing awareness of cosmetic procedures, rising disposable income, the prevalence of skin diseases, technological advancements, rising expenditure on cosmetic surgeries, and increasing demand for medical aesthetics to improve physical appearance. are the factors driving the growth of the market.