Medical Aesthetics Market Size to Reach USD 26170 Million by 2027 at a CAGR of 10.5% | Valuates Reports
BANGALORE, India, Oct. 26, 2021 /PRNewswire/ -- Medical Aesthetics Market is Segmented by Type (Dermal Fillers, Botulinum Toxin, Cosmetic Surgery Device, Breast Implants), by Application (Facial Injectable, Fat Reduction). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. It is published in Valuates Reports under Cosmetic Procedures Category.
The global Medical Aesthetics market size is projected to reach USD 26170 Million by 2027, from USD 13000 Million in 2020, at a CAGR of 10.5% during 2021-2027.
Major factors driving the growth of the medical aesthetics market are:
The rising adoption of minimally invasive and non-invasive aesthetic procedures, rising adoption among geriatric individuals, increasing public awareness about cosmetic procedures, the availability of technologically advanced and user-friendly products, and the rising demand for aesthetic treatments among men are the key factors driving the Medical Aesthetics market's growth.
Furthermore, rising aesthetic appeal among the current generation and rising cosmetic surgery spending is predicted to boost the medical aesthetics market's growth.
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TRENDS INFLUENCING THE GROWTH OF THE MEDICAL AESTHETICS MARKET:
Adults are very conscious of their physical appearance. This has resulted in an upsurge in cosmetic surgery demand, with Botox being one of the most popular operations. As a result of the growing emphasis on physical beauty, the medical aesthetics business has grown in size. Patients are increasingly choosing cosmetic operations because of the simplicity with which they may recover while staying at home. As a result, during the lockdown, the market for aesthetic medicine grew significantly.
Because of the rising prevalence of obesity and increased awareness, liposuction, abdominoplasty, and gluteal implants are in high demand. During the projected period, solutions such as photorejuvenation and body sculpting aesthetics are expected to see strong growth trends. Furthermore, in the coming years, the launch of technologically improved goods, such as non-invasive body sculpting devices that use fat freezing technology, is projected to generate profitable opportunities for the Medical Aesthetic market players.
Breast implants are becoming increasingly popular in urban areas around the world. The desire to achieve a physically appealing image, or a "celebrity" look in Western words, is the primary reason why the number of breast implant surgeries has increased in recent decades. Despite the dangers of these procedures, the global number of complete breast implants continues to climb year after year. The medical aesthetics market is predicted to develop as a result of this trend.
Other secondary reasons driving the growth of the medical aesthetics market include rising disposable incomes, increased knowledge of aesthetic specialties, and the presence of a significant number of cosmetic surgeons in emerging countries.
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MEDICAL AESTHETICS MARKET SHARE ANALYSIS
Based on type, the Dermal Fillers and Botulinum Toxin are expected to be the largest segment in 2019 with 30% and 34% respectively.
Based on the application, the Facial Injectable held the largest market share in 2019 of about 64.18%.
Based on region, North America is expected to be the most lucrative region. Some of the primary reasons driving the growth of the aesthetic medicine market in this region are advanced healthcare infrastructure, adoption of cosmetic operations, rising prevalence of skin problems, and the existence of board-certified and professional cosmetic surgeons.
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MEDICAL AESTHETICS MARKET SEGMENTATION
By Type
- Dermal Fillers
- Botulinum Toxin
- Breast Implants
- Cosmetic Surgery Device
- Others.
By Application
- Facial Injectable
- Fat Reduction
- Others.
Key Companies
- Allergan
- Galderma
- LG Life Science
- Merz Aesthetics
- Ipsen
- Syneron Medical
- Cynosure
- Mentor Worldwide
- Medytox
- Valeant Pharmaceuticals
- Fosun Pharma
- Teoxane
- Bloomage
- GC Aesthetics
- Suneva Medical.
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SIMILAR REPORTS
- In 2020, the global Dermal Fillers and Botulinum Toxin market size was USD 10550 Million and it is expected to reach USD 26720 Million by the end of 2027, with a CAGR of 14.2% during 2021-2027.
- The global Facial Aesthetics market size is projected to reach USD 143870 Million by 2027, from USD 37880 Million in 2020, at a CAGR of 21.0% during 2021-2027.
- Global Cosmetic Surgery and Service Market Size, Status and Forecast 2021-2027
- Global Facial Injectable Market Size, Status and Forecast 2021-2027
- Global Medical Aesthetics Machine Key Trends and Opportunities to 2027
- Global Breast Aesthetics Market Size, Status and Forecast 2021-2027
- Global Cosmetic Surgery Market Size, Status and Forecast 2021-2027
- Global Radio Frequency Ablation Equipment Sales Market Report 2021
- Global Skin Tightening Treatment Market Size, Status and Forecast 2021-2027
- Global Chemical Peel Market Size, Status and Forecast 2021-2027
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