Medical Aesthetics Market Size and Forecast 2024-2033|AbbVie Inc., Medytox Inc., Galderma S.A., Alma Lasers Ltd., Merz Pharma GmbH & Co. KGa

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Overview and Scope

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.

Sizing and Forecast

The medical aesthetics market size has grown rapidly in recent years. It will grow from $11.5 billion in 2023 to $13.11 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. 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 $21.02 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. 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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Segmentation & Regional Insights

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

North America will be the largest region in the medical aesthetics market in 2023. 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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Major Driver Impacting Market Growth

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.

Key Industry Players

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., Allergan plc, BioForm Medical Inc., EndyMed Medical Ltd., Invasix Aesthetic Solutions Inc., Lutronic Corporation

The medical aesthetics market report table of contents includes:

1. Executive Summary

2. Medical Aesthetics Market Characteristics

3. Medical Aesthetics Market Trends And Strategies

4. Medical Aesthetics Market – Macro Economic Scenario

5. Global Medical Aesthetics Market Size and Growth

26. South America Medical Aesthetics Market

27. Brazil Medical Aesthetics Market

28. Middle East Medical Aesthetics Market

29. Africa Medical Aesthetics Market

30. Medical Aesthetics Market Competitive Landscape And Company Profiles

Top Major Players: