Medical Aesthetics Market (Product Type - Facial Aesthetics, Body Contouring, Cosmetic Implants, Physician-dispensed Cosmeceuticals, Skin Aesthetics, and Others; Procedure Type - Invasive Procedures, and Non-invasive Procedures; End User - Hospitals, Dermatology Clinics, and Beauty and Spa Centers): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on medical aesthetics market provides in-depth analysis of segments and sub-segments in the global as well as regional medical aesthetics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional medical aesthetics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global medical aesthetics market.

Market Insight:

The global medical aesthetics market was valued at USD 10.01 billion in 2022 and is expected to reach 21.68 billion in 2030, with a CAGR of 10.2% during the forecast period 2023-2030.

Medical aesthetic is the comprehensive term used for innovative skincare treatment. It typically includes numerous advanced skincare treatments such as advanced facials, chemical peels, and microdermabrasion. It involves high-technology skin care services that exhibit the fusion of healthcare and beauty services. It is the application of modern health and skincare technologies that brings significant cosmetic change to the consumer. Its service may include the application of energy-based equipment for better performance. Additionally, it includes several laser treatments such as laser hair removal, skin rejuvenation, and minor vascular treatments. The growing old age population, facial deformation due to accidents, and growing self-desire among the young and aspiring population to groom their physical appearance are the major factors for the growth of this market.

The rise in the incidence of congenital face and tooth deformities driving the growth of the market. The surge in inherited face and tooth deformities has become an essential factor boosting the growth of the medical aesthetic market. Augmented consciousness, advancements in corrective procedures, and the rising importance of improving facial aesthetics contribute to the rising demand for aesthetic interferences, driving market expansion in tackling congenital deformities. Additionally, the growing influence of print and electronic media is motivating potential consumers to try different aesthetic products which will further boost the market growth. The expanding influence of print and electronic media is inspiring potential consumers to explore diverse aesthetic products, fostering the growth of the medical aesthetic market. Increased exposure to aesthetic solutions through media channels is a key driver, encouraging individuals to consider and embrace a variety of cosmetic interventions, driving market expansion. However, the high costs of treatments, low reimbursements, and risk of malfunctions associated with implants, limit the market growth. The medical aesthetic market faces growth restraints due to elevated treatment costs, insufficient repayments, and the jeopardy of implant malfunctions. Affordability challenges limit accessibility and concerns about reimbursement impact adoption. Additionally, potential risks associated with implants pose barriers, hindering the market's overall growth. Moreover, the adoption of aesthetic procedures to improve physical appearance is expected to provide numerous growth opportunities for the market. The cumulative acceptance of aesthetic procedures for improving physical appearance is poised to create significant growth opportunities for the medical aesthetic market. Rising consumer awareness, evolving beauty standards, and a growing acceptance of non-invasive treatments contribute to a favorable environment, creating avenues for market expansion and innovation.

North America is anticipated to have the largest market share. Several variables, such as the region's high spending income, sophisticated healthcare system, and increased emphasis on cosmetic operations, contribute to its prominence. The market has revealed substantial expansion, due to the robust need for non-invasive cosmetic treatments in the United States. countries such as China, Japan, South Korea, and India have emerged as key players in this sector. Moreover, the fastest-growing region in the medical aesthetics market is often found in the Asia-Pacific (APAC) region. The rising consciousness of aesthetic procedures, along with increasing spending income and a social acceptance of beauty improvement, has fueled the need for medical aesthetics in the APAC region. Additionally, the adoption of advanced technologies and the expansion of aesthetic clinics contribute to the rapid growth observed in this region.

Report Scope of the Medical Aesthetics Market:

Segment wise revenue contribution in the global medical aesthetics market

The report on global medical aesthetics market provides a detailed analysis of segments in the market based on Product Type, Procedure Type, and End User.

Segmentation Based on Product Type

·       Facial Aesthetics

·       Body Contouring

·       Cosmetic Implants

·       Physician-dispensed Cosmeceuticals

·       Skin Aesthetics

·       Others

Segmentation Based on Procedure Type

·       Invasive Procedures

·       Non-invasive Procedures

Segmentation Based on End User

·       Hospitals

·       Dermatology Clinics

·       Beauty and Spa Centers

Company Profiled:

·       Merz North America, Inc.

·       Cutera, Inc.

·       Cynosure

·       Quanta System.

·       Fotona

·       Alma Lasers

·       A-ESTHETIC LLC 

·       GALDERMA 

·       Lutronic Corporation

·       Lumenis Be Ltd. 

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the medical aesthetics market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.