Global Aesthetic Medicine Market, By Procedure Type-Estimation & Forecast, 2017-2030

The global aesthetic medicine market held a market value of USD 69.12 Billion in 2022 and is estimated to reach USD 173.26 Billion by 2030.

The global aesthetic medicine market held a market value of USD 69.12 Billion in 2022 and is estimated to reach USD 173.26 Billion by 2030. The market is anticipated to register a CAGR of 12.59% during the forecast period.

Aesthetic medicine is a branch of medicine that focuses on enhancing a person's appearance through non-invasive or minimally invasive procedures. It involves the use of various medical techniques and technologies to improve the aesthetics of the face, body, skin, and overall physical appearance. It addresses areas like facial rejuvenation, body contouring, hair restoration, skin rejuvenation, and non-surgical facelifts.

Growth Influencers:

Increasing adoption of minimally invasive treatments:

Minimally invasive treatments have gained popularity in the field of aesthetic medicine due to several benefits such as less invasive procedures, which require smaller incisions or no incisions at all. As a result, patients experience faster relief from the treatment and can resume their daily activities relatively quickly compared to traditional surgery. Minimally invasive treatments are generally considered safer than invasive surgical procedures. The risk of complications, such as infection and scarring, is typically lower and often does not require general anesthesia. Technological advancements have significantly boosted the increasing adoption of minimally invasive treatments. Innovative devices, such as lasers, radiofrequency, ultrasound, and advanced injectables, allow for precise and targeted treatments with improved efficacy and patient comfort.

Growing population aged between 25 and 65 years:

The age group of 25 to 65 comprises a large section of the population, a range of individuals who are increasingly seeking aesthetic treatments. This includes young adults who want preventive measures to maintain their youthful appearance, as well as middle-aged and older individuals interested in rejuvenation and anti-aging procedures. The influence of social media and societal beauty standards has led to increased awareness and interest in aesthetic procedures across different age groups. People are more focused on self-care, personal appearance, and maintaining a youthful look, which has contributed to the growing popularity of aesthetic medicine.

Rising Prevalence of Skin Diseases:

Skin diseases such as acne, rosacea, hyperpigmentation, and scarring can significantly affect a person's appearance and self-esteem. As the prevalence of these conditions rises, there is a growing demand for corrective treatments within aesthetic medicine. Procedures such as chemical peels, laser therapy, micro needling, and specialized skincare products are commonly used to address skin conditions and improve overall skin health. Skin diseases can accelerate the process of aging, causing premature wrinkles, and deteriorating the natural skin. Aesthetic medicine provides rejuvenation and restoration procedures to address aging and restore a more youthful appearance.

Segments Overview:

The global aesthetic medicine market is segmented into Procedure Type.

By Procedure Type

• Invasive procedures
• Non-Invasive procedures

The Non-Invasive procedures segment holds more than 50% of the market share in 2022.

Regional Overview:

By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America

• US
• Canada

Europe

• The UK
• Germany
• France
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Middle East & Africa

• UAE
• Saudi Arabia
• South Africa
• Rest of MEA

Latin America

• Brazil
• Argentina
• Mexico
• Rest of Latin America

Asia Pacific holds the highest CAGR of 12.87%, and North America holds a revenue of 24.38 billion during 2022.

Competitive Landscape:

The market is characterized by the presence of several well-established players, such as Cynosure, Johnson and Johnson, Alma lasers, Allergan Inc., Solta Medical, Lumenis, Syneron Candela, Cutera Inc., El.En. S.p.A., Sciton Inc., InMode, Venus Concept, Merz Aesthetics, BTL Group, Revance therapeutics, Galderma, and other players. Galderma is a Swiss pharmaceutical company specializing in the research and development of scientifically defined and medically proven solutions for the skin. The company manufactures drugs, medical solutions, and therapeutic skin care products to treat acne, rosacea, psoriasis and steroid-responsive dermatoses, skin cancer, pigmentary disorders, and nail diseases. Lutronic Corporation is engaged in manufacturing and selling aesthetic and medical laser systems, and related technology. The company offers products such as ACCUSCULPT II, Nd: YAG laser, ACTION II, Er: YAG laser, ADVANTAGE POWER+ and others. Lutronic Corporation was formerly known as Max Engineering Ltd. In June 2022, Cynosure launched the PicoSure platform, the first and only FDA-cleared 755nm picosecond laser on the market. The PicoSure Pro device exclusively 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. Such innovation in the aesthetic medicine industry brings the scope of development of the market in the countries where disposable income and beauty standards are progressively at a peak point.

The global market report provides insights on the below pointers:

• Market Penetration: Gives detailed information about the market as provided by the major participants.
• Market Development: The report provides in-depth details on promising growing markets and examines market penetration in mature areas.
• Market Diversification: Provides in-depth information about untapped geographies, recent developments, innovations in technology, and investments.
• Competitive Landscape Assessment: Mergers & acquisitions, certifications, and product launches in the market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
• Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments.
• Pricing Analysis: Pricing analysis of various components used in the manufacturing.
• Manufacturing Cost Analysis: Cost-share of various components, unit cost analysis.
• Market Overview.

The global market report answers questions such as:

• What is the market size and forecast of the market?
• What are the inhibiting factors and impact of COVID-19 shaping the market during the assessment period?
• Which are the products/segments/applications/areas to invest in over the assessment period in the market?
• What is the competitive strategic window for opportunities in the market?
• What are the technology trends and regulatory frameworks in the market?
• What is the market share of the leading players in the market?
• What modes and strategic moves are considered favorable for entering the global market?