The Non-Invasive Aesthetic Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Non-Invasive Aesthetic Treatment Global Market Report 2024, The non-invasive aesthetic treatment market size has grown rapidly in recent years. It will grow from $58.31 billion in 2023 to $68.17 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to cultural shifts, changing demographics, medical advancements, media and influencers, pioneering treatments, shifting beauty ideals.
The non-invasive aesthetic treatment market size is expected to see rapid growth in the next few years. It will grow to $121.69 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%. The growth in the forecast period can be attributed to health and wellness trends, emerging markets’ influence, expansion of men’s market, global aging population, advancements in personalization. Major trends in the forecast period include growing demand for minimally invasive procedures, consumer awareness and education, celebrity endorsements and influencer culture, customization and personalization.
The increasing focus on physical appearance among adults will propel the growth of the non-invasive aesthetic treatment market. Physical appearance refers to the external appearance of any individual irrespective of their gender, weight, height, or other aspects of the body. With the rapid increase in self-consciousness among individuals, the individuals are focusing on investing in products and medical treatments to increase their external appearance. For instance, in February 2023, according to L’Oréal S.A., a France-based personal care products company, sales of consumer products increased from 11.8% to 14.6% and active cosmetics sales increased from 28.0% to 30.6% from the 3rd quarter of 2022 to the 4th quarter of 2022. Therefore, increasing focus on physical appearance is expected to boost demand for non-invasive aesthetic treatment during the forecast period.
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The non-invasive aesthetic treatment market covered in this report is segmented –
1) By Product: Injectable, Skin Rejuvenation
2) By End Use: Hospitals & Surgery Centers, Medical Spa, Clinics, Traditional Spa, HCP Owned Clinic
Major companies operating in the non-invasive aesthetic treatment market are forming partnerships to develop new products and strengthen their positions in the market. Partnerships and collaborations in the non-invasive aesthetic treatment market drive innovation, accelerate research and development, expand market access, and enhance credibility, fostering a comprehensive and dynamic approach to advancing the industry. For instance, in August 2023, BeautyHealth, a US-based category-creating company, partnered with LaserAway, a US-based provider of laser hair removal and aesthetic treatments, to combine patented vortex fusion technology with a digital experience. The partnership offers increased access to Hydrafacial treatments for consumers and valuable data insights for both companies.
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