Medical Aesthetics Market growth Perceive at Substantial Growth to Witness CAGR of 11.1% by 2030

 

Medical Aesthetics Market Overview

Medical aesthetics market can be considered for product, technology, and end user.

The key products covered in the MRFR report are skin aesthetic devices, facial aesthetic, hair removal devices, cosmetic implants, tattoo removal devices, body contouring devices, and more. In 2019, the facial aesthetic segment emerged on top with a significant share of 33.5%, as a result of the growing number of hyaluronic acid injection procedures that are conducted across the globe.

Some of the key technologies studied in the report include non-invasive, minimally invasive and invasive. The Medical Aesthetics Market size was valued worth USD 13.9 billion in 2021 and expected to reach USD 39.1 billion by 2030 at 11.1% CAGR during the forecast period 2022-2030..

Dermatology & cosmetic centers, hospitals & clinics, and others are the key industry end-users. Hospitals & clinics increasingly adopt advanced technologies to treat different skin conditions including stretch marks, scars, and more. Therefore, the lead in 2019 was taken by the hospitals & clinics segment, which had reached USD 11,177.40 million and can expand further backed by the booming patient pool that suffers from skin conditions along with the increasing spending on cosmetics.

Market Segmentations

The worldwide medical aesthetics market has been segmented into products and end users.

With respect to product, the market has been broken down into the segments of facial aesthetic products, body contouring devices, cosmetic implants, physician-dispensed cosmeceuticals and skin lighteners, aesthetic skin devices, physician-dispensed eyelash products, hair removal devices, tattoo removal devices, thread lift products, and nail treatment laser devices.

The types of end users include clinics, hospitals, medical spas, beauty centers, and home care settings.

Regional Analysis

Considering the geographical distribution of the global medical aesthetics market, Europe, Asia Pacific, North America and the Middle East and Africa are the regions where the market is expected to develop during the evaluation period.

Landing at the top spot, North America is expected to seize the largest market share on account of the early adoption of latest and sophisticated medical technologies. Also, the increasing adoption of minimally invasive as well as noninvasive aesthetic procedures, expanding geriatric population, rising awareness levels associated with cosmetic procedures, the availability of user-friendly products, and the elevated demand for aesthetic treatments among men will result in the invigorating growth of the market in North America.

Europe is projected to account for the second biggest share in the global medical aesthetics market. The vital factors backing the lucrative market growth include the rise in research expenses, technological development, declining human health, and the need for effective and innovative therapies. A survey conducted by the International Society of Aesthetic Plastic Surgery in Germany states that the total of head and face surgical procedures came to about 110.190, whereas the total breast augmentation surgeries reached 89.925 in the year 2017.

Meanwhile, Asia Pacific is making a somewhat similar strides within the global medical aesthetics market, with the growing availability of optimal treatment facilities coupled with the rising government initiatives. Other supplementary factors driving the growth of the regional market include the presence of cutting-edge technology, growing adoption rate, and the elevated healthcare expenditure in the region. Countries in the region like India and China have become the hotspots for massive investments resulting from the rise in treatment and research activities, mounting number of partnerships, increasing success rate of diagnosis, and quality improvisations among others.

The Middle East and Africa market showcases abysmal sale figures, having managed to seize the least share of the market. The poor state of the healthcare industry, the scarcity of technical knowledge, and inferior medical facilities could be the main factors responsible for the substandard growth rate of the region.

Leading Players

The players leading the global Medical Aesthetics Market Players include Anika Therapeutics, Inc., Sientra, Inc., Cutera, Inc., Allergan, El.En. S.P.A., Fotona D.O.O., Johnson & Johnson, Merz Aesthetics, Inc. (A Division of Merz Pharma GmbH & Co. KGaA), Medytox, Inc., Sinclair Pharma PLC, Galderma (A Subsidiary of Nestlé), Syneron Medical, Ltd. (A Part of Apax Partners), Alma Lasers, Ltd. (A Division of Sisram Medical Ltd.), Solta Medical (A Division of Valeant Pharmaceuticals International, Inc.), Cynosure (A Wholly Owned Subsidiary of Hologic, Inc.), among others.

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