The Medical Aesthetics Market size was valued at USD 13.5 billion and is estimated to be USD 32.49 billion and grow at a compound annual growth rate of approx. CAGR of 11.6% for the forecast period of 2024-2031.
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The medical aesthetics industry offers a wide range of treatments that target various body parts and solve a variety of cosmetic issues. These operations can be roughly divided into surgical and non-surgical procedures, such as liposuction, breast augmentation, facelifts, and rhinoplasty. Non-surgical treatments include dermal fillers, botulinum toxin injections, laser treatments, and chemical peels. Numerous reasons have contributed to the tremendous rise of the medical aesthetics industry in recent years. These include a rise in beauty consciousness, a focus on youth and attractiveness in society, technological and medical improvements, and a rise in the popularity of cosmetic operations. The kind of operation, the geographic region, and the end-user may all be used to segment the medical aesthetics market. Various operations, such as those for facial aesthetics, body contouring, hair restoration, tattoo eradication, and skin rejuvenation, cater to certain demands. The industry caters to patients of all ages seeking aesthetic improvements, both male and female. Across nations and regions, different regulatory frameworks and standards apply. Medical aesthetic goods and treatments are subject to regulation by agencies like the European Medicines Agency (EMA) and the U.S. Food and Drug Administration (FDA). In this sector, it's critical to follow rules and adhere to moral and safety norms.
DRIVERS
Growing Beauty Consciousness & Technological Developments
Population Ageing & Influence of Celebrity Culture and Social Media
The demand for cosmetic operations has increased as society places more value on physical attractiveness and beauty. People are looking for treatments to improve their looks, increase confidence, and take care of particular aesthetic issues. New developments in medical technology have increased the number of cosmetic operations that are accessible and enhanced the effectiveness of treatments. The development of more efficient and secure goods as well as the use of laser technology and less invasive procedures have all contributed to the market's expansion.
RESTRAIN
The High Procedure Cost of Potential Dangers and Side Effects.
Medical aesthetic procedures, particularly surgical interventions or prolonged non-surgical therapies, can be costly. For those who would be interested in these operations but are unable to afford them, the high expense might be a deterrent. Aesthetic treatments have certain potential dangers and side effects, just like any medical operation. Some people may be deterred from seeking cosmetic operations due to worries about unfavorable results, pain, or bad occurrences.
OPPORTUNITY
Emerging market expansion & Men's Aesthetic.
Emerging markets provide the medical aesthetics industry tremendous development potential, particularly in Asia Pacific and Latin America. The market is expanding in these areas due to elements including rising disposable incomes, rising interest in cosmetic operations, and changing beauty standards. As more men seek cosmetic treatments to improve their looks and address particular issues, the market for male aesthetics is expanding. The business potential is in creating customized services and goods to meet the specific requirements and preferences of male patients.
CHALLENGES
The medical aesthetics industry is governed by a number of laws and policies that guarantee patient security and product effectiveness. When doing business in many nations or areas with various legal frameworks, compliance with these standards may be difficult. Aesthetic operations are becoming more and more popular, which has brought up ethical issues such as treatment abuse, unskilled practitioners, and inflated expectations. For the sector, upholding moral standards and guaranteeing patient happiness and safety are continual problems. Numerous suppliers, clinics, and manufacturers are fighting for market share in the fiercely competitive medical aesthetics industry. The emergence of new goods and technology, along with the involvement of several competitors, leads to market fragmentation and heightened rivalry.
Due to a reduction in demand for many aesthetic procedures globally, these procedures plummeted throughout the pandemic. The Government has established standards for delaying elective mange procedures. The decline in the volume of aesthetic surgical procedures was brought on by COVID-19. Additionally, the supply chain disruption and mandated lockdown had an impact on the sales of cosmetic devices, and some manufacturers reported a decline in product sales. For instance, Cutera's overall system sector reported a reduction of 35.4% in 2020 while reporting an 18.7% decline in revenue growth. the desire for medical aesthetics in 2021 was driven by the ease of regulatory restrictions, product introductions by major market participants, and a rising desire for minimally invasive cosmetic procedures.
We constantly track and update news in light of the ongoing political and economic unpredictability caused by the Russia-Ukraine Conflict. Around the world, negative effects are anticipated, particularly in Eastern Europe, the European Union, Eastern & Central Asia, and the United States. This claim has significantly disrupted trade dynamics and had a negative impact on people's lives and means of subsistence. It is anticipated that the continued conflict and unpredictability in Eastern Europe will negatively affect Ukraine and have severe, long-lasting impacts on Russia. In light of the most recent information on the dispute and the responses from across the world, the research reveals the consequences for demand-supply balances, pressure on pricing variations, influence on import/export and trade, and short-term advice to the United States medical aesthetics market.
IMPACT OF ONGOING RECESSION
Over the past two years, prices have increased significantly as a result of the high inflation rates in industrialized nations throughout the world. It is anticipated that the aggregate buying power would considerably affect emerging economies and is thought to be beneficial in many ways. The paper reveals how high inflation affects the long-term health of the global economy and offers information on the fiscal measures that may be taken to lessen its short-term effects on demand/supply, cash flow, and currency exchange. Given the associated influence of cost-push and demand-pull inflation, the United States Medical Aesthetics Market study provides the high inflation expectation.
By Product type
Facial Aesthetic
Body Contouring
Cosmetic Implants
Hair Removal Devices
Skin Aesthetic Devices
Tattoo Removal Devices
By Technology
Invasive
Non-Invasive
Minimally Invasive
By End users
Hospitals & Clinics
Dermatology & cosmetic centers
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North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
REGIONAL ANALYSES
North America
With the biggest market share, North America is the market leader. This market share might be attributed to the existence of important firms like Lumenis, Bausch Health Companies Inc., and Allergan. During the projection period, strategic moves by major market players and the adoption of new technologies are expected to drive market expansion in the nation.
The Key Players are Allergan, Johnson & Johnson, Cynosure, AbbVie, Evolus Inc., Revance Therapeutics, Inc, Galderma, Lumenis, Solta Medical, Syneron Candela, Alma Laser and other players.
Allergen: Allergan Aesthetics, a division of AbbVie, and Skin Better Science have announced the beginning of a new educational relationship in September 2020. DREAM stands for Driving Racial Equity in Aesthetic Medicine. In order to advance racial and cultural diversity, inclusiveness, respect, and understanding in the disciplines of dermatology and plastic surgery, The Dream Initiative TM is dedicated to these ideals.
Galderma: Galderma announced a major investment in its aesthetic portfolio in March 2020, including an increase in the size of its U.S. salesforce and technological improvements to ASPIRE Galderma Rewards. Its position in the market for medical aesthetics has been bolstered by these expenditures.
| Report Attributes | Details |
| Market Size in 2023 | US$ 13.5 Bn |
| Market Size by 2031 | US$ 32.49 Bn |
| CAGR | CAGR of 11.6% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product Type (Facial Aesthetic, Body Contouring, Cosmetic Implants, Hair Removal Devices, Skin Aesthetic Devices, Tattoo Removal Devices) • By Technology (Invasive, Non-Invasive, Minimally Invasive) • By End users (Hospitals & Clinics, Dermatology & cosmetic centers) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Allergan, Johnson & Johnson, Cynosure, AbbVie, Evolus Inc., Revance Therapeutics, Inc, Galderma, Lumenis, Solta Medical, Syneron Candela, Alma Laser |
| Key Drivers | • Growing Beauty Consciousness & Technological Developments. • Population Ageing & Influence of Celebrity Culture and social media |
| Market Opportunities | • Emerging market expansion & Men's Aesthetic. |
Ans: The CAGR of 11.4% for the forecast period of 2022-2030.
Ans: The projected market size of Medical Aesthetics Market USD 12.10 billion in and is estimated to USD 39.2 billion for forecast year 2023-2030.
Ans: The Key Players are AbbVie Inc., Merz Pharma, Suneva Medical, Inc., Medytox Inc., Sinclair Pharma, Prollenium Medical Technologies, Galderma, Allergan, Inc., Revance Therapeutics Inc., Bioplus Co. Ltd., Bioaxis Pharmaceuticals, Teoxane Laboratories, Huadong Medicine Co., Ltd., Marllor Biomedical SR and others.
Ans: Innovation in aesthetic devices over the past ten years is one of the main drivers fuelling the expansion of the aesthetic medicine industry. It is anticipated that the market would have growth prospects in the near future due to the launch of technologically sophisticated goods such non-invasive body contouring systems employing controlled cooling technology.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Medical Aesthetics Market Segmentation, By Product Type
9.1 Introduction
9.2 Trend Analysis
9.3 Facial Aesthetic
9.4 Body Contouring
9.5 Cosmetic Implants
9.6 Hair Removal Devices
9.7 Skin Aesthetic Devices
9.8 Tattoo Removal Devices
10. Medical Aesthetics Market Segmentation, By Technology
10.1 Introduction
10.2 Trend Analysis
10.3 Invasive
10.4 Non-Invasive
10.5 Minimally Invasive
11. Medical Aesthetics Market Segmentation, By End Users
11.1 Introduction
11.2 Trend Analysis
11.3 Hospitals & Clinics
11.4 Dermatology & cosmetic centers
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Medical Aesthetics Market by Country
12.2.3 North America Medical Aesthetics Market By Product Type
12.2.4 North America Medical Aesthetics Market By Technology
12.2.5 North America Medical Aesthetics Market By End Users
12.2.6 USA
12.2.6.1 USA Medical Aesthetics Market By Product Type
12.2.6.2 USA Medical Aesthetics Market By Technology
12.2.6.3 USA Medical Aesthetics Market By End Users
12.2.7 Canada
12.2.7.1 Canada Medical Aesthetics Market By Product Type
12.2.7.2 Canada Medical Aesthetics Market By Technology
12.2.7.3 Canada Medical Aesthetics Market By End Users
12.2.8 Mexico
12.2.8.1 Mexico Medical Aesthetics Market By Product Type
12.2.8.2 Mexico Medical Aesthetics Market By Technology
12.2.8.3 Mexico Medical Aesthetics Market By End Users
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Medical Aesthetics Market by Country
12.3.2.2 Eastern Europe Medical Aesthetics Market By Product Type
12.3.2.3 Eastern Europe Medical Aesthetics Market By Technology
12.3.2.4 Eastern Europe Medical Aesthetics Market By End Users
12.3.2.5 Poland
12.3.2.5.1 Poland Medical Aesthetics Market By Product Type
12.3.2.5.2 Poland Medical Aesthetics Market By Technology
12.3.2.5.3 Poland Medical Aesthetics Market By End Users
12.3.2.6 Romania
12.3.2.6.1 Romania Medical Aesthetics Market By Product Type
12.3.2.6.2 Romania Medical Aesthetics Market By Technology
12.3.2.6.4 Romania Medical Aesthetics Market By End Users
12.3.2.7 Hungary
12.3.2.7.1 Hungary Medical Aesthetics Market By Product Type
12.3.2.7.2 Hungary Medical Aesthetics Market By Technology
12.3.2.7.3 Hungary Medical Aesthetics Market By End Users
12.3.2.8 Turkey
12.3.2.8.1 Turkey Medical Aesthetics Market By Product Type
12.3.2.8.2 Turkey Medical Aesthetics Market By Technology
12.3.2.8.3 Turkey Medical Aesthetics Market By End Users
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Medical Aesthetics Market By Product Type
12.3.2.9.2 Rest of Eastern Europe Medical Aesthetics Market By Technology
12.3.2.9.3 Rest of Eastern Europe Medical Aesthetics Market By End Users
12.3.3 Western Europe
12.3.3.1 Western Europe Medical Aesthetics Market by Country
12.3.3.2 Western Europe Medical Aesthetics Market By Product Type
12.3.3.3 Western Europe Medical Aesthetics Market By Technology
12.3.3.4 Western Europe Medical Aesthetics Market By End Users
12.3.3.5 Germany
12.3.3.5.1 Germany Medical Aesthetics Market By Product Type
12.3.3.5.2 Germany Medical Aesthetics Market By Technology
12.3.3.5.3 Germany Medical Aesthetics Market By End Users
12.3.3.6 France
12.3.3.6.1 France Medical Aesthetics Market By Product Type
12.3.3.6.2 France Medical Aesthetics Market By Technology
12.3.3.6.3 France Medical Aesthetics Market By End Users
12.3.3.7 UK
12.3.3.7.1 UK Medical Aesthetics Market By Product Type
12.3.3.7.2 UK Medical Aesthetics Market By Technology
12.3.3.7.3 UK Medical Aesthetics Market By End Users
12.3.3.8 Italy
12.3.3.8.1 Italy Medical Aesthetics Market By Product Type
12.3.3.8.2 Italy Medical Aesthetics Market By Technology
12.3.3.8.3 Italy Medical Aesthetics Market By End Users
12.3.3.9 Spain
12.3.3.9.1 Spain Medical Aesthetics Market By Product Type
12.3.3.9.2 Spain Medical Aesthetics Market By Technology
12.3.3.9.3 Spain Medical Aesthetics Market By End Users
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Medical Aesthetics Market By Product Type
12.3.3.10.2 Netherlands Medical Aesthetics Market By Technology
12.3.3.10.3 Netherlands Medical Aesthetics Market By End Users
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Medical Aesthetics Market By Product Type
12.3.3.11.2 Switzerland Medical Aesthetics Market By Technology
12.3.3.11.3 Switzerland Medical Aesthetics Market By End Users
12.3.3.1.12 Austria
12.3.3.12.1 Austria Medical Aesthetics Market By Product Type
12.3.3.12.2 Austria Medical Aesthetics Market By Technology
12.3.3.12.3 Austria Medical Aesthetics Market By End Users
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Medical Aesthetics Market By Product Type
12.3.3.13.2 Rest of Western Europe Medical Aesthetics Market By Technology
12.3.3.13.3 Rest of Western Europe Medical Aesthetics Market By End Users
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Medical Aesthetics Market by Country
12.4.3 Asia-Pacific Medical Aesthetics Market By Product Type
12.4.4 Asia-Pacific Medical Aesthetics Market By Technology
12.4.5 Asia-Pacific Medical Aesthetics Market By End Users
12.4.6 China
12.4.6.1 China Medical Aesthetics Market By Product Type
12.4.6.2 China Medical Aesthetics Market By Technology
12.4.6.3 China Medical Aesthetics Market By End Users
12.4.7 India
12.4.7.1 India Medical Aesthetics Market By Product Type
12.4.7.2 India Medical Aesthetics Market By Technology
12.4.7.3 India Medical Aesthetics Market By End Users
12.4.8 Japan
12.4.8.1 Japan Medical Aesthetics Market By Product Type
12.4.8.2 Japan Medical Aesthetics Market By Technology
12.4.8.3 Japan Medical Aesthetics Market By End Users
12.4.9 South Korea
12.4.9.1 South Korea Medical Aesthetics Market By Product Type
12.4.9.2 South Korea Medical Aesthetics Market By Technology
12.4.9.3 South Korea Medical Aesthetics Market By End Users
12.4.10 Vietnam
12.4.10.1 Vietnam Medical Aesthetics Market By Product Type
12.4.10.2 Vietnam Medical Aesthetics Market By Technology
12.4.10.3 Vietnam Medical Aesthetics Market By End Users
12.4.11 Singapore
12.4.11.1 Singapore Medical Aesthetics Market By Product Type
12.4.11.2 Singapore Medical Aesthetics Market By Technology
12.4.11.3 Singapore Medical Aesthetics Market By End Users
12.4.12 Australia
12.4.12.1 Australia Medical Aesthetics Market By Product Type
12.4.12.2 Australia Medical Aesthetics Market By Technology
12.4.12.3 Australia Medical Aesthetics Market By End Users
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Medical Aesthetics Market By Product Type
12.4.13.2 Rest of Asia-Pacific Medical Aesthetics Market By Technology
12.4.13.3 Rest of Asia-Pacific Medical Aesthetics Market By End Users
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Medical Aesthetics Market by Country
12.5.2.2 Middle East Medical Aesthetics Market By Product Type
12.5.2.3 Middle East Medical Aesthetics Market By Technology
12.5.2.4 Middle East Medical Aesthetics Market By End Users
12.5.2.5 UAE
12.5.2.5.1 UAE Medical Aesthetics Market By Product Type
12.5.2.5.2 UAE Medical Aesthetics Market By Technology
12.5.2.5.3 UAE Medical Aesthetics Market By End Users
12.5.2.6 Egypt
12.5.2.6.1 Egypt Medical Aesthetics Market By Product Type
12.5.2.6.2 Egypt Medical Aesthetics Market By Technology
12.5.2.6.3 Egypt Medical Aesthetics Market By End Users
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Medical Aesthetics Market By Product Type
12.5.2.7.2 Saudi Arabia Medical Aesthetics Market By Technology
12.5.2.7.3 Saudi Arabia Medical Aesthetics Market By End Users
12.5.2.8 Qatar
12.5.2.8.1 Qatar Medical Aesthetics Market By Product Type
12.5.2.8.2 Qatar Medical Aesthetics Market By Technology
12.5.2.8.3 Qatar Medical Aesthetics Market By End Users
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Medical Aesthetics Market By Product Type
12.5.2.9.2 Rest of Middle East Medical Aesthetics Market By Technology
12.5.2.9.3 Rest of Middle East Medical Aesthetics Market By End Users
12.5.3 Africa
12.5.3.1 Africa Medical Aesthetics Market by Country
12.5.3.2 Africa Medical Aesthetics Market By Product Type
12.5.3.3 Africa Medical Aesthetics Market By Technology
12.5.3.4 Africa Medical Aesthetics Market By End Users
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Medical Aesthetics Market By Product Type
12.5.3.5.2 Nigeria Medical Aesthetics Market By Technology
12.5.3.5.3 Nigeria Medical Aesthetics Market By End Users
12.5.3.6 South Africa
12.5.3.6.1 South Africa Medical Aesthetics Market By Product Type
12.5.3.6.2 South Africa Medical Aesthetics Market By Technology
12.5.3.6.3 South Africa Medical Aesthetics Market By End Users
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Medical Aesthetics Market By Product Type
12.5.3.7.2 Rest of Africa Medical Aesthetics Market By Technology
12.5.3.7.3 Rest of Africa Medical Aesthetics Market By End Users
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Medical Aesthetics Market by country
12.6.3 Latin America Medical Aesthetics Market By Product Type
12.6.4 Latin America Medical Aesthetics Market By Technology
12.6.5 Latin America Medical Aesthetics Market By End Users
12.6.6 Brazil
12.6.6.1 Brazil Medical Aesthetics Market By Product Type
12.6.6.2 Brazil Medical Aesthetics Market By Technology
12.6.6.3 Brazil Medical Aesthetics Market By End Users
12.6.7 Argentina
12.6.7.1 Argentina Medical Aesthetics Market By Product Type
12.6.7.2 Argentina Medical Aesthetics Market By Technology
12.6.7.3 Argentina Medical Aesthetics Market By End Users
12.6.8 Colombia
12.6.8.1 Colombia Medical Aesthetics Market By Product Type
12.6.8.2 Colombia Medical Aesthetics Market By Technology
12.6.8.3 Colombia Medical Aesthetics Market By End Users
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Medical Aesthetics Market By Product Type
12.6.9.2 Rest of Latin America Medical Aesthetics Market By Technology
12.6.9.3 Rest of Latin America Medical Aesthetics Market By End Users
13. Company Profiles
13.1 Allergan
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Johnson & Johnson
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Cynosure
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 AbbVie
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Evolus Inc
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Revance Therapeutics, Inc
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Galderma
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Lumenis
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Solta Medical
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Syneron Candela
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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