Global Medical Aesthetics Market Size Expected to Surpass USD 30.9 Billion by 2030, Considering 10.6% CAGR Growth: Polaris Market Research

NEW YORK, Dec. 2, 2022 /PRNewswire/ -- Polaris Market Research recently published [115+ Pages] research report on "Medical Aesthetics Market Share, Size, Trends, Industry Analysis Report, By Product; By End-Use (Clinics, Hospitals and Medical Spas, Beauty Centers, Home Care Settings); By Region; Segment Forecast, 2022 - 2030" in its research database.

According to [115+ Pages] research report, the global medical aesthetics market size was valued at USD 12.5 billion in 2021 and is expected to reach around USD 30.9 Billion by 2030, growing at a CAGR of 10.6% during the forecast period.

What is Medical Aesthetics? How Big is Medical Aesthetics Market Size?

• Overview

Medical Aesthetics is the branch of medicine that focuses on improving the physical appearance of patients. This field is professional and certified practice and is different from beauty treatments like eyebrow threading, waxing, or eyelash extensions. Some of the medical aesthetics treatment includes microdermabrasion, chemical peels, skin rejuvenation, laser hair removal, and cosmetic surgery.

Along with hospitals, these types of treatments are now also being performed at aesthetic medicine clinics and medical spas by healthcare professionals, including plastic surgeons, dermatologists, physician assistants, and even aestheticians. The rising development of minimally invasive and non-invasive aesthetic procedures is primarily driving the demand for the medical aesthetics market.

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Key Highlights of the Report

• Market value data for each segment and sub-segment
• Analysis by geography with consumption of the product/service in the region
• Competitive landscape, which incorporates the extensive company profiles
• The current as well as the future outlook of the industry with respect to recent developments
• In-depth analysis of market perspectives through Porter's five forces analysis
• Dynamics scenario, along with growth opportunities market
• Key strategic initiatives taken by major players

Some of the Top Companies in the Global Market Are:

• 3M
• ADIN Dental Implant Systems
• Allergan plc
• Anika Therapeutics Inc.
• Cynosure Inc.
• Deka Laser Technologies
• Dentsply Sirona Inc.
• El.En. S.p.A.
• Etoile
• Fotona D.O.O.
• Galderma S.A
• GymnaUniphy N.V.
• Medytox INC
• Mentor Worldwide LLC
• Merz Aesthetics Inc.
• NDI Dental Implants
• PhotoMedex Inc.
• Sientra Inc.
• Sinclair Pharma PLC
• Solta Medical
• Solta Medical Inc.
• Syneron Medical Ltd.
• Tecno Gamma
• TRI Dental Implants
• YOLO Medical
• ZELTIQ Aesthetics Inc.
• Zimmer Biomet Holdings Inc

For Additional List of Players and Detail Information, Download a Report PDF Brochure

Growth Driving Factors

• Rising adoption of aesthetic procedures to flourish the market growth

Factors such as increasing public awareness about cosmetic products, rising cases of congenital face and tooth deformities, and growing adoption of aesthetic procedures among the senior population to improve physical appearance are propelling the medical aesthetics market size. The launch of advanced products, such as non-invasive body contouring systems by manufacturers, is anticipated to create lucrative opportunities in the medical aesthetics market over the forecast period. Increasing interest of adults in enhancing physical appearance has led to an increase in the demand for cosmetic surgeries, which is expected to boost the industry's growth.

Moreover, an increase in medical tourism, growing disposable incomes, and rising awareness of aesthetic specialties are accelerating the growth of the market. A surge in consumer spending on cosmetic pharmaceuticals across the globe is another factor positively influencing market growth. In addition, rising incidences of trauma and traffic accidents, along with rising cases of breast cancer, are expected to fuel the medical aesthetics industry expansion.

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Segmental Analysis

• Facial aesthetic product segment held the highest market share in 2021

Based on product medical aesthetics market segmentation, the facial aesthetic product segment accounted for the major revenue share in 2021 owing to the rising demand for facial aesthetic treatments, rising disposable income, as well as women's desire to look young, attractive, and achieve the best treatment outcome. Further, surging demand for derma filers due to its benefits, including improving shallow contours, relieving facial creases and wrinkles, enhancing the appearance of recessed scars, and plumping thin lips, is projected to boost the segment's growth.

• Clinics, hospitals, and medical spaces segment witnessed a significant market share in 2021

On the basis of end-use, the clinics, hospitals, and medical spaces segment generated the consideration of medical aesthetics market share in 2021. This growth can be attributed to the factors such as the increased availability of financial and physical resources at clinics and hospitals. Also, medical aesthetic procedures show convenient and deliverable advances in clinics and hospitals that support the segmental growth in the market.

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Medical Aesthetics Market: Report Scope & Analysis

Recent Developments

In June 2022, Cynosure Inc., unveiled PicoSure Pro, its latest upgrade to the PicoSure platform which delivers energy in a trillionth of a second, utilizing pressure instead of heat to provide safe and effective treatments for unwanted pigmentation and skin revitalization for all skin types.

Geographic Overview

• North America accounted for the greatest market share

In terms of geography, the medical aesthetics market in North America witnessed the largest regional share owing to the rising demand for cosmetic treatments, a growing senior population, increasing disposable income, and growing spending by the government on healthcare infrastructure. In addition, the introduction of technologically sophisticated products, R&D activities, and FDA support for the home-use aesthetic device are key factors fueling the demand for medical aesthetics in North America. Therefore, these factors are bolstering regional market growth.

Moreover, Asia Pacific is anticipated to show the fastest growth during the predicted period because of increasing medical tourism, better healthcare infrastructure, growing public knowledge of anti-aging operations, and low-cost healthcare costs.

Browse the Detail Report "Medical Aesthetics Market Share, Size, Trends, Industry Analysis Report, By Product; By End-Use (Clinics, Hospitals and Medical Spas, Beauty Centers, Home Care Settings); By Region; Segment Forecast, 2022 - 2030" with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/medical-aesthetics-market

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Medical Aesthetics Market Report Highlights

• The facial medical aesthetics segment accounted for the most considerable market revenue in 2021 due to the rising popularity of modifying facial characteristics, less expensive alternatives to invasive beauty procedures, and the accessibility of high-tech face aesthetic products.
• The clinics, hospitals, and medical spaces segment accounted for the most significant market share due to the rising demand for minimally invasive aesthetic procedures and the introduction of medical spas and clinics with infrastructure fully loaded with state-of-the-art equipment and people.
• North America dominated the regional market due to the growing acceptance of aesthetic surgery and high procedural volume sustained in emerging economies such as the US and Canada.

Polaris Market Research has segmented the medical aesthetics market report based on product, end-use, and region:

By Product Outlook

• Facial Aesthetic Products
• Botulinum toxin
• Derma Filers
• Microdermabrasion Products
• Chemical Peels
• Cosmetic Implants
• Breast Implants
• Gluteal Implants
• Facial Implants
• Skin Aesthetic Devices
• Nonsurgical Skin Tightening Devices
• Laser Skin Resurfacing Devices
• Micro needling products
• Light Therapy Devices
• Body Contouring Devices
• Nonsurgical Fat Reduction Devices
• Cellulite Reduction Devices
• Liposuction Devices
• Physician-Dispensed Cosmeceuticals & Skin Lighteners
• Hair Removal Devices
• Laser Hair Removal Devices
• IPL hair Removal Devices
• Tattoo Removal Devices
• Thread Lift Products
• Physician-Dispensed Eyelash Products
• Nail Treatment Laser Devices

By End-Use Outlook

• Clinics, Hospitals and Medical Spas
• Beauty Centers
• Home Care Settings

By Region Outlook

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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SOURCE Polaris Market Research