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Aesthetic Medicine Market Size, Share, Trends, Growth in the Industry


Written by Emel Gerdaneri.

Aesthetic Medicine Market Size, Share, Trends, Growth in the Industry

According to the latest “Reports and Data” report, the global aesthetic medicine market size is expected to reach USD 149.06 Billion in 2030 with a revenue of 9.9%.

Other details of the “Reports and Data” report:

aesthetic

  • With advances in surgical and non-surgical aesthetic treatments, there is a growing trend towards improving the aesthetic appearance of the face and body, which positively affects the revenue growth in the aesthetic medicine market.

  • Aesthetic medicine also encompasses the treatment of conditions such as scars, skin laxity, wrinkles, moles, skin blemishes, excess fat, cellulite, unwanted hair, and spider veins.

    Increasing accessibility to effective, day-to-day surgical aesthetic procedures is again contributing to the growth of the overall market.

    In addition, increased demand for non-invasive cosmetic surgeries, increased incidence of accidents and trauma, increased prevalence of congenital facial and dental abnormalities, and technological innovations are fueling market revenue growth.

  • Less pain, faster results, and lower costs increase overall aesthetic medicine market revenue share while also contributing to the demand for procedures.

    Botox injections, soft tissue fillers, and chemical peels are some of the popular non-invasive procedures.

  • However, the high cost of aesthetic treatment, low repayments, and implant side effects, which have been mentioned frequently in the last period, are the main factors hindering the market growth.

  • The growth of medical tourism, increased preferences for a better quality of life, and the growing popularity of celebrities opting for surgeries to look more aesthetically appealing are expected to present numerous growth opportunities to the market.

  • The report also includes a SWOT review and Porter's Five Forces analysis to provide details on key players. Key players in the market focus on developing new strategies such as mergers and acquisitions, joint ventures, new product launches, deals, and partnerships to maintain their market positions and expand their product base.

Some Highlights from the Report

report

  • In December 2021, Allergen Aesthetics, part of AbbVie, acquired Soliton, Inc., a medical technology manufacturer in Houston, Texas.

    This acquisition will strengthen the market's portfolio of non-invasive body shaping treatments.

  • The implant segment is expected to register a rapid growth rate during the forecast period due to increasing patient demand for facial aesthetic treatments, increasing disposable income and spending capabilities, and a growing geriatric population worldwide.

  • The hospitals and clinics segment accounted for a significantly larger revenue share in 2021.

    Availability of advanced professional devices, strict legal guidelines for use, and availability of qualified professionals are some of the factors responsible for the growth of this segment.

Increasing Demand For Non-Surgical Treatments

non-surgical treatmentsThe non-surgical segment generated a significantly large revenue share in 2021. The North American market accounted for the largest share of revenue in 2021. This can be attributed to the strong presence of leading medical device manufacturers.

North America is expected to continue to account for the largest revenue share over the forecast period, driven by the higher purchasing power of consumers, a growing emphasis on innovation, and an increase in aesthetics companies operating outside the US.

Also, the increase in the geriatric population and the large number of consumers seeking ways to delay or reverse the signs of aging are other factors driving market growth in North America.

Major participants in the global aesthetic medicine market include AbbVie Inc., Galderma, Alma Lasers, Cynosure, Johnson & Johnson Private Limited, Lumenis Be Ltd., Solta Medical, Candela Medical, Hologic, Inc., and Dentsply Sirona.

Aesthetic Medicine Market Segmentation:

aesthetic medicine marker

  • Energy Based Devices

  • Aesthetic Laser Devices

  • Body Shaping and Skin Tightening Devices

  • Microdermabrasion Devices

  • Ultrasound Devices

  • Implants

  • Dental Implants

  • Breast Implants

  • Facial Implants

  • Anti-Wrinkle Products

  • Botulinum Toxin/BOTOX

  • Dermal Fillers

  • Chemical Peeling


Written on 14/04/2022

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Last Update: 14/04/2022

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