Medical Aesthetics Market - Global Industry Analysis (2019 - 2021) - Growth Trends and Market Forecast (2022 - 2027)

The global medical aesthetics market is witnessing robust expansion due to the rising adoption of minimally invasive and non-invasive aesthetic procedures. The market is also expected to grow due to the increasing disposable income level which is making medical aesthetics treatment accessible to a larger population. Fairfield Market Research has offered an insightful view of the global medical aesthetic market expansion during 2022-2027. Registering a revenue of a whopping US$14.4 Bn in 2022, the market is poised to reach US$31.6 Bn by the end of 2027, growing at a CAGR of 13.9%.

The various factors such as increased consumer awareness regarding aesthetic procedures, the surge in medical tourism, and the increased volume of aesthetic surgeons, are all together unlocking revolutionary opportunities for market players in the medical aesthetics market. Additionally, the growing adoption of digital tools and techniques is expected to aid key players in improving customer satisfaction. Such dynamics are projected to bode well for the overall medical aesthetics market.

Key Insights and Trends in Global Medical Aesthetics Market

Hospitals to emerge as a major end-user segment in the global medical aesthetics market with anticipated growth of US $5697.5 Mn.

Liposuction to stay the most sought-after offering in the medical aesthetics market, accounting for an estimated revenue share of around 18% by 2027.

The rise in the number of aesthetic surgeons coupled with the proliferation of digital tools and techniques bode well for the medical aesthetics market.

Rising Emphasis on Physical Aesthetics Unlocks Revenue Generation Opportunities

Over the recent past, consumers have become more conscious of their physical appearance, in turn increasing prominence for medical aesthetics. The growing adoption of advanced techniques in medical aesthetics procedures is improving the market growth dynamics. Moreover, with the rise in the usage of social media platforms, digital aesthetics are gaining traction. Against this backdrop, consumers are expected to further incline towards medical aesthetics. Apart from this, the geriatric population is also showing interest in medical aesthetics due to its potential benefits. In this context, minimally-invasive and non-invasive aesthetic procedures are gaining significant traction due to minimal discomfort associated with them. All these trends together are set to advance the growth trajectory of the global medical aesthetics market over the forecast period.

Asia Pacific to Reign Supreme in Medical Aesthetics Market

Asia Pacific is anticipated to emerge as a key region in the global medical aesthetics market, witnessing a skyrocketing 15.5% growth by 2027. The region has a strong presence of leading market players who are constantly innovating to launch revolutionary products and procedures. Ascending medical tourism across the region is also playing a vital role in the market expansion. Other key factors that are contributing to market growth include favorable government regulations, rising consumer spending power, and the high availability of aesthetic treatment options. In near future, the cumulative force of these factors is projected to create favourable outcomes for the Asia Pacific’s medical aesthetics market.

Leading Market Players

Some of the key players in the global medical aesthetics market include Cynosure, Cutera, Inc., Candela Medical, Lumenis Ltd, Galderma SA, Moller Medical, Sientra, Inc., Solta Medical, Merz Pharma GmbH & Co. KGaA, and Mentor Worldwide LLC.