Medical Aesthetics Market
PUBLISHED: 2023 ID: SMRC24546
SHARE
SHARE

Medical Aesthetics Market

Medical Aesthetics Market Forecasts to 2030 - Global Analysis By Product (Facial Aesthetic Products, Cosmetics Implant, Skin Aesthetic Devices, Body Contouring Devices and Other Products), Procedure (Breast Augmentation, Rhinoplasty, Facelift And Body Lift, Anti-Aging And Skin Rejuvenation and Other Procedures), Application, End User and by Geography

4.4 (87 reviews)
4.4 (87 reviews)
Published: 2023 ID: SMRC24546

This report covers the impact of COVID-19 on this global market
Loading...

Years Covered

2021-2030

Estimated Year Value (2023)

US $23.46 BN

Projected Year Value (2030)

US $59.42 BN

CAGR (2023 - 2030)

14.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Medical Aesthetics Market is accounted for $23.46 billion in 2023 and is expected to reach $59.42 billion by 2030 growing at a CAGR of 14.2% during the forecast period. Medical aesthetics is a field of medicine that focuses on improving a patient's appearance using a range of minimally invasive and non-invasive cosmetic procedures. With the aim of treating issues like wrinkles, fine lines, sagging skin, and extra fat, these procedures aim to enhance the appearance of the face and body. Moreover, injectables like Botox and dermal fillers, which lessen signs of aging, laser therapy for skin rejuvenation and hair removal, and non-surgical body contouring techniques are examples of common medical aesthetic treatments.

According to the BAAPS survey released in February 2021, 15,405 cosmetic surgical procedures were performed in the United Kingdom in 2021. The increasing number of aesthetic procedures requires medical aesthetic devices. This is creating the need for medical aesthetic devices and driving the market's growth.

Market Dynamics: 

Driver: 

Increasingly aging population

The market for medical aesthetics is largely driven by the global increase in the aging population. Wrinkles, fine lines, and a decrease in skin elasticity are examples of the natural progression of signs of aging that occur as people age. Additionally, treatments for age-related cosmetic concerns are in high demand due to the desire to look youthful and the advancements in aesthetic procedures.

Restraint:

Hazard of unfavorable circumstances and issues

Potential patients may hesitate due to the inherent risk of unfavorable outcomes or complications from medical aesthetic procedures. Safety standards have come a long way, but incidents of complications—real or imagined—can undermine public confidence. Furthermore, in order to alleviate this constraint, industry stakeholders need to place a high priority on openness, comprehensive patient education, and ongoing safety protocol improvement.

Opportunity:

Innovation and technological advancements

Continuous innovations and advancements in technology offer the medical aesthetics market a sizable opportunity. Treatment planning and simulations are made more accurate and individualized by incorporating machine learning (ML), augmented reality (AR), and artificial intelligence (AI). Additionally, new paths for minimally invasive and non-invasive procedures are opened by the development of innovative devices like energy-based platforms and sophisticated lasers.

Threat:

Economic downturns and declines in consumer spending

Consumer expenditure on non-essential services, such as medical aesthetics, can be impacted by economic downturns, recessions, or global financial crises. Due to its sensitivity to changes in disposable income, the industry is susceptible to a decline in demand during recessions. Moreover, to navigate this threat, it is imperative to develop resilience strategies and modify marketing approaches during periods of economic uncertainty.

Covid-19 Impact: 

The market for medical aesthetics has been significantly impacted by the COVID-19 pandemic. Early in the pandemic, there was a marked decline in patient visits and procedural volumes due to government-imposed lockdowns, limitations on elective procedures, and increased safety concerns. The industry experienced clinic closures, supply chain disruptions, and changes in consumer priorities toward basic healthcare. Pent-up demand for aesthetic services drove a gradual recovery, nevertheless, as restrictions eased. Additionally, the pandemic hastened the uptake of virtual consultations and telemedicine, which has altered patient interactions.

The Breast Augmentation segment is expected to be the largest during the forecast period

In the aesthetic market, the breast augmentation segment has the largest share. Breast augmentation is the surgical process of using implants or fat transfer to increase the size and shape of the breasts. The allure of breast augmentation is its capacity to alleviate cosmetic issues and enhance self-assurance. Moreover, the sustained popularity of this procedure in the aesthetic industry can be attributed to a number of factors, including evolving standards of beauty, a rise in body positivity, and improvements in surgical techniques.

The Clinics, Hospitals, And Medicals Spas segment is expected to have the highest CAGR during the forecast period

Throughout the forecast period, the medical spa segment is expected to have the highest CAGR. Medical spas provide a comprehensive approach to aesthetic care by combining the features of a traditional spa with medical services managed by certified healthcare professionals. Their appeal lies in offering cutting-edge aesthetic treatments along with relaxation and wellness services, giving customers a one-of-a-kind and all-inclusive experience. Furthermore, the medical spa model has the potential to have high growth because it frequently draws a diverse clientele looking for non-invasive procedures in a spa-like setting.

Region with largest share:

It is predicted that in the global aesthetic industry, North America will hold the largest share. Particularly in the United States, where there is a strong demand for a variety of aesthetic procedures, the market has grown significantly. A well-established healthcare system, a high degree of awareness regarding cosmetic procedures, and a strong emphasis on appearance and beauty are some of the factors that contribute to the region's prominence. Moreover, laser treatments, skin rejuvenation, body contouring, facial injectables, and other procedures are all part of the wide range of aesthetic procedures offered in North America.

Region with highest CAGR:

With the highest CAGR, the Asia-Pacific region has become a dynamic force in the global aesthetic market. A growing middle class, changing beauty standards, and rising disposable incomes have all contributed to a boom in the demand for aesthetic procedures in nations like China, Japan, and South Korea. Additionally, the region has advanced to the forefront of the industry due to its quick uptake of non-invasive procedures and cultural acceptance of cosmetic enhancements.

Key players in the market

Some of the key players in Medical Aesthetics market include Mentor Worldwide LLC, Lumenis, Bausch Health Companies Inc., Johnson & Johnson Services, Inc., Galderma Laboratories L.P, AbbVie Inc., Merz Pharmaceuticals GmbH, El.En. S.p.A. (Asclepion Laser Technologies), Syneron Medical, Ltd, Deka Laser Technologies, Solta Medical, Inc, Allergan plc, Sientra, Inc., Cynosure Inc., Sharplight Technologies Inc, Alma Lasers and Sciton Inc.

Key Developments:

In June 2023, Bausch + Lomb Corporation, a subsidiary of Bausch Health Companies Inc., announced that it has entered into a definitive agreement with Novartis to acquire XIIDRA® 5%, a non-steroid eye drop specifically approved to treat the signs and symptoms of dry eye disease (DED) focusing on inflammation associated with dry eye.

In March 2023, Galderma announced today the launch of FACE by Galderma™, an innovative aesthetic visualization tool powered by augmented reality (AR) that allows aesthetic professionals and patients to visualize injectable treatment results* at the planning stage before treatment begins. This innovative solution gives patients a simulated real-time ""before and after"" visual of what may be possible from an individualized treatment plan and may help alleviate patient concerns about injectable results.
  
In January 2023, Pharmaceutical companies AbbVie (ABBV.N) and Eli Lilly have withdrawn from Britain's voluntary medicines pricing agreement, an industry body said on Monday. Companies are increasingly arguing that it is no longer possible to justify the UK's ""voluntary scheme"" to global boardrooms and investors as repayment rates in 2023 have surged to 26.5% of revenue, the Association of the British Pharmaceutical Industry (ABPI) said in a statement.

Product Types Covered:
• Facial Aesthetic Products
• Cosmetics Implant
• Skin Aesthetic Devices
• Body Contouring Devices
• Physician-dispensed Cosmeceuticals And Skin Lighteners
• Hair Removal Devices
• Tattoo Removal Devices
• Thread Lift Products
• Physician- Dispensed Eyelash Products
• Nail Treatment Laser Devices
• Other Products 
 
Procedures Covered:
• Breast Augmentation
• Rhinoplasty
• Facelift And Body Lift
• Anti-Aging And Skin Rejuvenation
• Tattoo And Scar Removal
• Hair Removal
• Lipolysis
• Other Procedures 

Applications Covered:
• Anti-Aging and Wrinkles
• Facial and Skin Rejuvenation
• Breast Enhancement
• Body Shaping and Cellulite
• Tattoo Removal
• Vascular Lesions
• Sears, Pigment Lesions Reconstructive
• Psoriasis and Vitiligo
• Other Applications 

End Users Covered:
• Clinics, Hospitals, And Medicals Spas
• Beauty Centers
• Home Care Settings
• Cosmetic Centers
• Dermatology Clinics
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary             
              
2 Preface             
 2.1 Abstract            
 2.2 Stake Holders            
 2.3 Research Scope            
 2.4 Research Methodology            
  2.4.1 Data Mining           
  2.4.2 Data Analysis           
  2.4.3 Data Validation           
  2.4.4 Research Approach           
 2.5 Research Sources            
  2.5.1 Primary Research Sources           
  2.5.2 Secondary Research Sources           
  2.5.3 Assumptions           
              
3 Market Trend Analysis             
 3.1 Introduction            
 3.2 Drivers            
 3.3 Restraints            
 3.4 Opportunities            
 3.5 Threats            
 3.6 Product Analysis            
 3.7 Application Analysis            
 3.8 End User Analysis            
 3.9 Emerging Markets            
 3.10 Impact of Covid-19            
              
4 Porters Five Force Analysis             
 4.1 Bargaining power of suppliers            
 4.2 Bargaining power of buyers            
 4.3 Threat of substitutes            
 4.4 Threat of new entrants            
 4.5 Competitive rivalry            
              
5 Global Medical Aesthetics Market, By Product             
 5.1 Introduction            
 5.2 Facial Aesthetic Products            
 5.3 Cosmetics Implant            
 5.4 Skin Aesthetic Devices            
 5.5 Body Contouring Devices            
 5.6 Physician-dispensed Cosmeceuticals And Skin Lighteners            
 5.7 Hair Removal Devices            
 5.8 Tattoo Removal Devices            
 5.9 Thread Lift Products            
 5.10 Physician- Dispensed Eyelash Products            
 5.11 Nail Treatment Laser Devices            
 5.12 Other Products            
              
6 Global Medical Aesthetics Market, By Procedure             
 6.1 Introduction            
 6.2 Breast Augmentation            
 6.3 Rhinoplasty            
 6.4 Facelift And Body Lift            
 6.5 Anti-Aging And Skin Rejuvenation            
 6.6 Tattoo And Scar Removal            
 6.7 Hair Removal            
 6.8 Lipolysis            
 6.9 Other Procedures            
              
7 Global Medical Aesthetics Market, By Application             
 7.1 Introduction            
 7.2 Anti-Aging and Wrinkles            
 7.3 Facial and Skin Rejuvenation            
 7.4 Breast Enhancement            
 7.5 Body Shaping and Cellulite            
 7.6 Tattoo Removal            
 7.7 Vascular Lesions            
 7.8 Sears, Pigment Lesions Reconstructive            
 7.9 Psoriasis and Vitiligo            
 7.10 Other Applications            
              
8 Global Medical Aesthetics Market, By End User             
 8.1 Introduction            
 8.2 Clinics, Hospitals, And Medicals Spas            
 8.3 Beauty Centers            
 8.4 Home Care Settings            
 8.5 Cosmetic Centers            
 8.6 Dermatology Clinics            
 8.7 Other End Users            
              
9 Global Medical Aesthetics Market, By Geography             
 9.1 Introduction            
 9.2 North America            
  9.2.1 US           
  9.2.2 Canada           
  9.2.3 Mexico           
 9.3 Europe            
  9.3.1 Germany           
  9.3.2 UK           
  9.3.3 Italy           
  9.3.4 France           
  9.3.5 Spain           
  9.3.6 Rest of Europe           
 9.4 Asia Pacific            
  9.4.1 Japan           
  9.4.2 China           
  9.4.3 India           
  9.4.4 Australia           
  9.4.5 New Zealand           
  9.4.6 South Korea           
  9.4.7 Rest of Asia Pacific           
 9.5 South America            
  9.5.1 Argentina           
  9.5.2 Brazil           
  9.5.3 Chile           
  9.5.4 Rest of South America           
 9.6 Middle East & Africa            
  9.6.1 Saudi Arabia           
  9.6.2 UAE           
  9.6.3 Qatar           
  9.6.4 South Africa           
  9.6.5 Rest of Middle East & Africa           
              
10 Key Developments             
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures            
 10.2 Acquisitions & Mergers            
 10.3 New Product Launch            
 10.4 Expansions            
 10.5 Other Key Strategies            
              
11 Company Profiling             
 11.1 Mentor Worldwide LLC            
 11.2 Lumenis            
 11.3 Bausch Health Companies Inc.            
 11.4 Johnson & Johnson Services, Inc.            
 11.5 Galderma Laboratories L.P            
 11.6 AbbVie Inc.            
 11.7 Merz Pharmaceuticals GmbH            
 11.8 El.En. S.p.A. (Asclepion Laser Technologies)            
 11.9 Syneron Medical, Ltd            
 11.10 Deka Laser Technologies            
 11.11 Solta Medical, Inc            
 11.12 Allergan plc            
 11.13 Sientra, Inc.             
 11.14 Cynosure Inc.            
 11.15 Sharplight Technologies Inc            
 11.16 Alma Lasers             
 11.17 Sciton Inc.            
              
List of Tables              
1 Global Medical Aesthetics Market Outlook, By Region (2021-2030) ($MN)             
2 Global Medical Aesthetics Market Outlook, By Product (2021-2030) ($MN)             
3 Global Medical Aesthetics Market Outlook, By Facial Aesthetic Products (2021-2030) ($MN)             
4 Global Medical Aesthetics Market Outlook, By Cosmetics Implant (2021-2030) ($MN)             
5 Global Medical Aesthetics Market Outlook, By Skin Aesthetic Devices (2021-2030) ($MN)             
6 Global Medical Aesthetics Market Outlook, By Body Contouring Devices (2021-2030) ($MN)             
7 Global Medical Aesthetics Market Outlook, By Physician-dispensed Cosmeceuticals And Skin Lighteners (2021-2030) ($MN)             
8 Global Medical Aesthetics Market Outlook, By Hair Removal Devices (2021-2030) ($MN)             
9 Global Medical Aesthetics Market Outlook, By Tattoo Removal Devices (2021-2030) ($MN)             
10 Global Medical Aesthetics Market Outlook, By Thread Lift Products (2021-2030) ($MN)             
11 Global Medical Aesthetics Market Outlook, By Physician- Dispensed Eyelash Products (2021-2030) ($MN)             
12 Global Medical Aesthetics Market Outlook, By Nail Treatment Laser Devices (2021-2030) ($MN)             
13 Global Medical Aesthetics Market Outlook, By Other Products (2021-2030) ($MN)             
14 Global Medical Aesthetics Market Outlook, By Procedure (2021-2030) ($MN)             
15 Global Medical Aesthetics Market Outlook, By Breast Augmentation (2021-2030) ($MN)             
16 Global Medical Aesthetics Market Outlook, By Rhinoplasty (2021-2030) ($MN)             
17 Global Medical Aesthetics Market Outlook, By Facelift And Body Lift (2021-2030) ($MN)             
18 Global Medical Aesthetics Market Outlook, By Anti-Aging And Skin Rejuvenation (2021-2030) ($MN)             
19 Global Medical Aesthetics Market Outlook, By Tattoo And Scar Removal (2021-2030) ($MN)             
20 Global Medical Aesthetics Market Outlook, By Hair Removal (2021-2030) ($MN)             
21 Global Medical Aesthetics Market Outlook, By Lipolysis (2021-2030) ($MN)             
22 Global Medical Aesthetics Market Outlook, By Other Procedures (2021-2030) ($MN)             
23 Global Medical Aesthetics Market Outlook, By Application (2021-2030) ($MN)             
24 Global Medical Aesthetics Market Outlook, By Anti-Aging and Wrinkles (2021-2030) ($MN)             
25 Global Medical Aesthetics Market Outlook, By Facial and Skin Rejuvenation (2021-2030) ($MN)             
26 Global Medical Aesthetics Market Outlook, By Breast Enhancement (2021-2030) ($MN)             
27 Global Medical Aesthetics Market Outlook, By Body Shaping and Cellulite (2021-2030) ($MN)             
28 Global Medical Aesthetics Market Outlook, By Tattoo Removal (2021-2030) ($MN)             
29 Global Medical Aesthetics Market Outlook, By Vascular Lesions (2021-2030) ($MN)             
30 Global Medical Aesthetics Market Outlook, By Sears, Pigment Lesions Reconstructive (2021-2030) ($MN)             
31 Global Medical Aesthetics Market Outlook, By Psoriasis and Vitiligo (2021-2030) ($MN)             
32 Global Medical Aesthetics Market Outlook, By Other Applications (2021-2030) ($MN)             
33 Global Medical Aesthetics Market Outlook, By End User (2021-2030) ($MN)             
34 Global Medical Aesthetics Market Outlook, By Clinics, Hospitals, And Medicals Spas (2021-2030) ($MN)             
35 Global Medical Aesthetics Market Outlook, By Beauty Centers (2021-2030) ($MN)             
36 Global Medical Aesthetics Market Outlook, By Home Care Settings (2021-2030) ($MN)             
37 Global Medical Aesthetics Market Outlook, By Cosmetic Centers (2021-2030) ($MN)             
38 Global Medical Aesthetics Market Outlook, By Dermatology Clinics (2021-2030) ($MN)             
39 Global Medical Aesthetics Market Outlook, By Other End Users (2021-2030) ($MN)             
              
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.              

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials