REPORT SCOPE & OVERVIEW
Medical Aesthetics Market size was valued at USD 12.10 billion in and is estimated to USD 28.70 billion and grow at a compound annual growth rate approx. CAGR of 11.4% for the forecast period of 2022-2030.
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 aesthetics 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.
MARKET DYNAMICS
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 unfavourable 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 look and address particular issues, the market for male aesthetics is expanding. The business potential is in creating customised 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 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.
IMPACT ANALYSIS:
IMPACT OF COVID-19
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 overall system sector reported a reduction of 35.4% in 2020 while reporting an 18.7% decline in revenue growth. desire for medical aesthetics in 2021 was driven by the ease of regulatory restrictions, product introductions by major market participants, and rising desire for minimally invasive cosmetic procedures.
IMPACT OF RUSSIAN UKRAINE WAR
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 would 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 industrialised 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.
KEY MARKET 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 COVERAGE:
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.
Key Players
The Key Players are Allergan, Johnson & Johnson, Galderma, Lumenis, Cynosure, AbbVie, Cynosure, Evolus Inc., Revance Therapeutics, Inc, Galderma, Lumenis, Solta Medical, Syneron Candela, Alma Laser and others.
RECENT DEVELOPMENT
Allergen:
Allergen Aesthetics, a division of AbbVie, purchased Soliton, Inc., a provider of medical technologies, in December 2021. This purchase improved the company's selection of non-invasive body reshaping procedures.
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 2022 | US$ 12.10 Bn |
Market Size by 2030 | US$ 28.70 Bn |
CAGR | CAGR of 11.4 % From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
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, Galderma, Lumenis, Cynosure, AbbVie, Cynosure, Evolus Inc., Revance Therapeutics, Inc, Galderma, Lumenis, Solta Medical, Syneron Candela, Alma Laser and others. |
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. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Medical Aesthetics Market By Product Type
8.1 Facial Aesthetic
8.2 Body Contouring
8.3 Cosmetic Implants
8.4 Hair Removal Devices
8.5 Skin Aesthetic Devices
8.6 Tattoo Removal Devices
9. Medical Aesthetics Market By Technology
9.1 Invasive
9.2 Non-Invasive
9.3 Minimally Invasive
10. Medical Aesthetics Market By End-User
10.1Hospitals & Clinics
10.2 Dermatology & cosmetic centers
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Medical Aesthetics Market by country
11.2.2North America Medical Aesthetics Market by Product Type
11.2.3 North America Medical Aesthetics Market by Technology
11.2.4 North America Medical Aesthetics Market by Distribution of channel
11.2.5 USA
11.2.5.1 USA Medical Aesthetics Market by Product Type
11.2.5.2 USA Medical Aesthetics Market by Technology
11.2.5.3 USA Medical Aesthetics Market by Distribution of channel
11.2.6 Canada
11.2.6.1 Canada Medical Aesthetics Market by Product Type
11.2.6.2 Canada Medical Aesthetics Market by Technology
11.2.6.3 Canada Medical Aesthetics Market by End-Users
11.2.7 Mexico
11.2.7.1 Mexico Medical Aesthetics Market by Product Type
11.2.7.2 Mexico Medical Aesthetics Market by Technology
11.2.7.3 Mexico Medical Aesthetics Market by End-Users
11.8 Europe
11.8.1 Europe Medical Aesthetics Market by country
11.8.2 Europe Medical Aesthetics Market by Product Type
11.8.3 Europe Medical Aesthetics Market by Technology
11.8.4 Europe Medical Aesthetics Market by End-Users
11.8.6 Germany
11.8.6.1 Germany Medical Aesthetics Market by Product Type
11.8.6.2 Germany Medical Aesthetics Market by Technology
11.8.6.3 Germany Medical Aesthetics Market by End-Users
11.8.7 UK
11.8.7.1 UK Medical Aesthetics Market by Product Type
11.8.7.2 UK Medical Aesthetics Market by Technology
11.8.7.3 UK Medical Aesthetics Market by End-Users
11.8.8 France
11.8.8.1 France Medical Aesthetics Market by Product Type
11.8.8.2 France Medical Aesthetics Market by Technology
11.8.8.3 France Medical Aesthetics Market by End-Users
11.9.9 Italy
11.3.9.1 Italy Medical Aesthetics Market by Product Type
11.3.9.2 Italy Medical Aesthetics Market by Technology
11.3.9.3 Italy Medical Aesthetics Market by End-Users
11.3.10 Spain
11.3.10.1 Spain Medical Aesthetics Market by Product Type
11.3.10.2 Spain Medical Aesthetics Market by Technology
11.3.10.3 Spain Medical Aesthetics Market by End-Users
11.3.11 The Netherlands
11.3.11.1 Netherlands Medical Aesthetics Market by Product Type
11.3.11.2 Netherlands Medical Aesthetics Market by Technology
11.3.11.3 Netherlands Medical Aesthetics Market by End-Users
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Medical Aesthetics Market by Product Type
11.3.11.2 Rest of Europe Medical Aesthetics Market by Technology
11.3.11.3 Rest of Europe Medical Aesthetics Market by End-Users
11.4 Asia-Pacific
11.4.1 Asia Pacific Medical Aesthetics Market by country
11.4.2 Asia Pacific Medical Aesthetics Market by Product Type
11.4.3 Asia Pacific Medical Aesthetics Market by Technology
11.4.4Asia Pacific Medical Aesthetics Market by End-Users
11.4.6 Japan
11.4.6.1 Japan Medical Aesthetics Market by Product Type
11.4.6.2 Japan Medical Aesthetics Market by Technology
11.4.6.3 Japan Medical Aesthetics Market by End-Users
11.4.7 South Korea
11.4.7.1 South Korea Medical Aesthetics Market by Product Type
11.4.7.2 South Korea Medical Aesthetics Market by Technology
11.4.7.3 South Korea Medical Aesthetics Market by End-Users
11.4.8 China
11.4.8.1 China Medical Aesthetics Market by Product Type
11.4.8.2 China Medical Aesthetics Market by Technology
11.4.8.3 China Medical Aesthetics Market by End-Users
11.4.9 India
11.4.9.1 India Medical Aesthetics Market by Product Type
11.4.9.2 India Medical Aesthetics Market by Technology
11.4.9.3 India Medical Aesthetics Market by End-Users
11.4.10 Australia
11.4.10.1 Australia Medical Aesthetics Market by Product Type
11.4.10.2 Australia Medical Aesthetics Market by Technology
11.4.10.3 Australia Medical Aesthetics Market by End-Users
11.4.11 Rest of Asia-Pacific
11.4.11.1 APAC Medical Aesthetics Market by Product Type
11.4.11.2 APAC Medical Aesthetics Market by Technology
11.4.11.3 APAC Medical Aesthetics Market by End-Users
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Medical Aesthetics Market by country
11.5.2 The Middle East & Africa Medical Aesthetics Market by Product Type
11.5.3 The Middle East & Africa Medical Aesthetics Market by Technology
11.5.4The Middle East & Africa Medical Aesthetics Market by End-Users
11.5.6 Israel
11.5.6.1 Israel Medical Aesthetics Market by Product Type
11.5.6.2 Israel Medical Aesthetics Market by Distribution of channel
11.5.6.3 Israel Medical Aesthetics Market by Technology
11.5.7 UAE11.5.7.1 UAE Medical Aesthetics Market by Product Type
11.5.7.2 UAE Medical Aesthetics Market by Technology
11.5.7.3 UAE Medical Aesthetics Market by End-Users
11.5.8 South Africa
11.5.8.1 South Africa Medical Aesthetics Market by Product Type
11.5.8.2 South Africa Medical Aesthetics Market by Technology
11.5.8.3 South Africa Medical Aesthetics Market by End-Users
11.5.9 Rest of Middle East & Africa
11.5.9.1 Rest of Middle East & Asia Medical Aesthetics Market by Product Type
11.5.9.2 Rest of Middle East & Asia Medical Aesthetics Market by Technology
11.5.9.3 Rest of Middle East & Asia Medical Aesthetics Market by End-Users
11.6 Latin America
11.6.1 Latin America Medical Aesthetics Market by country
11.6.2 Latin America Medical Aesthetics Market by Product Type
11.6.3 Latin America Medical Aesthetics Market by Technology
11.6.4 Latin America Medical Aesthetics Market by End-Users
11.6.6 Brazil11.6.6.1 Brazil Medical Aesthetics Market by Product Type
11.6.6.2 Brazil Africa Medical Aesthetics Market by Technology
11.6.6.3Brazil Medical Aesthetics Market by End-Users
11.6.7 Argentina
11.6.7.1 Argentina Medical Aesthetics Market by Product Type
11.6.7.2 Argentina Medical Aesthetics Market by Technology
11.6.7.3 Argentina Medical Aesthetics Market by End-Users
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Medical Aesthetics Market by Product Type
11.6.8.2 Rest of Latin America Medical Aesthetics Market by Technology
11.6.8.3 Rest of Latin America Medical Aesthetics Market by End-Users
12 Company profile
12.1 Allergan.
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Treatment/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Johnson & Johnson.
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Treatment/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Galderma, Lumenis.
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Treatment/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Cynosure
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Treatment/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 AbbVie
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Treatment/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Cynosure
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Treatment/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Evolus Inc.
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Treatment/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Revance Therapeutics, Inc.
12.8.2 Financials
12.8.3 Treatment/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Majestic Mirror & Frame
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Treatment/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10. Galderma.
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Treatment/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14 Use Case and Best Practices
15. Conclusion
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