The Business Research Company’s report on the Medical Aesthetics Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the medical aesthetics market further?
The growing adoption of minimally invasive and non-invasive aesthetic procedures is expected to propel the growth of the medical aesthetics market going forward. Minimally invasive procedures refer to the technique used by medical professionals to limit the size and quantity of incisions or injections. There is a rise in minimally invasive and non-invasive aesthetic procedures, which are used as treatments in medical aesthetics because they are quick, minimally invasive, safe, effective, and require little downtime. For instance, in January 2023, according to The International Society of Aesthetic Plastic Surgery, a US-based society of plastic surgeons’ liposuction ranked as the most prevalent cosmetic surgical procedure, experiencing a notable surge with over 1.9 million cases, marking a 24.8% increase. Therefore, the growing adoption of minimally invasive and non-invasive aesthetic procedures is driving the growth of the medical aesthetics market.
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What are the key factors influencing the forecasted market size of the medical aesthetics industry?
The medical aesthetics market size has grown rapidly in recent years. It will grow from $13.19 billion in 2024 to $14.98 billion in 2025 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to increased aging population, cosmetic industry growth, consumer awareness, medical tourism, regulatory approvals.
The medical aesthetics market size is expected to see rapid growth in the next few years. It will grow to $23.76 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to minimally invasive procedures, virtual consultations, personalized aesthetics, sustainability and eco-friendly products, social media influence. Major trends in the forecast period include combination therapies, regenerative aesthetics, artificial intelligence (ai) and machine learning, virtual reality (vr) for pain management, ultrasound-based treatments.
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Who are the leading competitors in the medical aesthetics market?
Major companies operating in the medical aesthetics market include AbbVie Inc., Medytox Inc., Galderma S.A., Alma Lasers Ltd., Merz Pharma GmbH & Co. KGaA, Cynosure LLC, Fotona d.o.o., Anika Therapeutics Inc., Johnson & Johnson Pvt. Ltd., Cutera Inc., Solta Medical LLC, Quanta System SpA, Sisram Medical Ltd., SharpLight Technologies Inc., Revance Therapeutics Inc., Solta Medical Inc., Lumenis Inc., Candela Corporation, Asclepion Laser Technologies GmbH, Lumenis Ltd., Mentor Worldwide LLC, Sientra Inc., Sciton Inc., Sinclair Pharma, Syneron Medical Ltd., ThermiGen LLC, Venus Concept Inc., Zimmer Biomet Holdings Inc., BioForm Medical Inc., EndyMed Medical Ltd., Invasix Aesthetic Solutions Inc., Lutronic Corporation
Which emerging trends are set to transform the medical aesthetics market landscape?
The adoption of robot-based surgery is the key trend gaining popularity in the medical aesthetics market. Major companies operating in the medical aesthetics market are focused on developing new technological solutions to strengthen their position. For instance, in September 2022, BeautyFix Medspa, a US-based Provider of body contouring, cosmetic surgery and skin care services, launched the Aesthetics Simulation Technology. The technology is accessible on any device or web browser, offering a cutting-edge patient experience through software developed by digital health company EntityMed. The Aesthetics Simulation software, the first-ever clinical-grade AI simulator for injectables available in the U.S., has been tested on over 10,000 patients. By uploading a photo or using an in-clinic kiosk, clients can visualize potential aesthetic results by virtually applying dermal fillers or toxins to various areas of the face, and adjust the number of syringes without undergoing any injections.
How do different geographies compare in terms of market share and growth potential in the medical aesthetics market?
North America will be the largest region in the medical aesthetics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical aesthetics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Which major segments of the medical aesthetics market are experiencing the fastest growth?
The medical aesthetics market covered in this report is segmented –
1) By Product: Facial Aesthetic Products, Body Contouring Devices, Cosmetic Implants, Hair Removal Devices, Skin Aesthetic Devices, Tattoo Removal Devices, Thread Lift Products, Physician-dispensed Cosmeceuticals and Skin Lighteners, Physician-dispensed Eyelash Products, Nail Treatment Laser Devices
2) By Technology: Invasive, Non-Invasive, Minimally Invasive, Other Technologies
3) By Distribution Channel: Direct Tender, Retail
4) By Application: Anti-Aging and Wrinkles, Facial and Skin Rejuvenation, Breast Enhancement, Body Shaping and Cellulite, Tattoo Removal, Vascular Lesions, Psoriasis and Vitiligo, Other Applications
5) By End User: Clinics, Hospitals, and Medical Spas, Beauty Centers, Home Care
Subsegments:
1) By Facial Aesthetic Products: Injectables, Chemical Peels, Facial Masks And Serums
2) By Body Contouring Devices: Cryolipolysis Devices, Radiofrequency Devices, Ultrasound Devices
3) By Cosmetic Implants: Breast Implants, Facial Implants, Injectable Implants
4) By Hair Removal Devices: Laser Hair Removal Devices, Intense Pulsed Light (IPL) Devices, Electrolysis Devices
5) By Skin Aesthetic Devices: Microdermabrasion Devices, LED Therapy Devices, Laser Skin Resurfacing Devices
6) By Tattoo Removal Devices: Q-Switched Lasers, Pico Lasers, Surgical Tattoo Removal Devices
7) By Thread Lift Products: PDO Threads, PLLA Threads, PCL Threads
8) By Physician-Dispensed Cosmeceuticals And Skin Lighteners: Prescription Skincare Products, Skin Brightening Agents
9) By Physician-Dispensed Eyelash Products: Eyelash Growth Serums, Eyelash Extensions
10) By Nail Treatment Laser Devices: Laser Devices For Nail Fungus, Light Therapy Devices For Nails
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What defines the structure and scope of the medical aesthetics market?
Medical aesthetics refers to the umbrella term for several medically guided cosmetic procedures. Treatment options include laser procedures, wrinkle-reduction procedures, fillers, chemical peels, and hair transplants.
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