Medical Aesthetics Market Size Worth USD 43.2 Billion in 2032 | Emergen Research
Emergen Research
8 min read
Emergen Research
Increasing awareness about aesthetic procedures and adoption of minimally invasive devices, rising demand for home-based aesthetic procedures, and technological advancements in aesthetic devices are key factors driving Medical Aesthetics market revenue growth.
Vancouver, Nov. 22, 2023 (GLOBE NEWSWIRE) -- The global medical aesthetics market size was USD 15.3 Billion in 2022 and is expected to register rapid revenue CAGR of 11.0% during the forecast period. Key factors propelling this growth include the increasing awareness of aesthetic procedures, a surge in the adoption of minimally invasive devices, a rising demand for home-based aesthetic procedures, and continuous technological advancements in aesthetic devices.
Minimally invasive and non-surgical aesthetic treatments are gaining popularity, offering practical and risk-free alternatives to traditional surgery. Procedures such as Botox, dermal fillers, laser therapy, chemical peels, and microdermabrasion are on the rise due to their minimal downtime, making them optimal for quick recovery and the resumption of routine activities. The total number of non-surgical cosmetic operations increased by 44% in 2021 compared to surgical cosmetic procedures, with a substantial growth of 63% in the body procedures category. This trend is driven by accessibility, adaptability, and reduced scarring concerns associated with non-surgical treatments.
The rising demand for home-based cosmetic procedures is a significant driver, fueled by the increasing prevalence of dermatological diseases like acne, psoriasis, and skin cancer. However, poor reimbursement conditions pose a restraint to market growth, as cosmetic procedures, equipment, and devices are often not covered by insurance providers. Recent trends include the growth of medical aesthetics tourism, the destigmatization of aesthetic procedures, and the use of the internet to find the best providers.
The facial aesthetic product segment led the market in 2022, driven by the increasing number of individuals seeking a youthful appearance and disposable financial resources. Notably, Allergan Aesthetics introduced the SkinMedica Even & Correct Collection, focusing on lightening treatments and dark-spot reduction creams. The cosmetic implant segment is expected to experience moderate growth due to clear regulatory requirements, the acceptance of bio-implants, and an increase in target diseases. Noteworthy approvals include Allergan's NATRELLE INSPIRA Soft Touch breast implants and Sientra Inc.'s gel breast implants.
The non-surgical procedures segment is anticipated to hold a significant revenue share, driven by the increasing popularity of lipolysis. Technological advancements, product introductions like Lumenis Ltd.'s NuEra Tight, and growing awareness among the elderly contribute to this segment's growth. Hospitals and clinics are expected to register fast revenue growth, driven by automated systems, early disease diagnosis, and the digitization of patient workflows. Beauty centers and medical spas, offering non-invasive skin rejuvenation procedures, are projected to account for the largest revenue share.
North America dominated the market in 2022, driven by experienced cosmetic surgeons, increased adoption of cosmetic operations, and advanced healthcare infrastructure. The Cleveland Clinic Organization estimates over 15 million cosmetic surgery treatments annually in the U.S.
The Asia Pacific region is poised for the fastest revenue growth, attributed to rising awareness of anti-aging surgeries, medical tourism, improved healthcare infrastructure, and affordable treatment costs. Government policies promoting cosmetic medicine standardization contribute to market growth.
Europe is expected to account for a substantial revenue share, driven by the demand for high-quality aesthetic procedures, established healthcare infrastructure, and an effective reimbursement system. The rising number of aesthetic operations is also a contributing factor. The global medical aesthetics market is experiencing significant growth driven by a shift towards minimally invasive treatments, increasing demand for home-based procedures, and ongoing technological advancements. Market players are responding with innovative products, contributing to the expansion of the industry.
Revenue in USD Billion and CAGR in % from 2023 to 2032
Report Coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered
Product, procedure, end-use, and region
Regional Scope
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Country Scope
U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Russia, Rest of Europe, China, India, Japan, South Korea, ASEAN Countries, Oceania, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa
Key Companies Profiled
AbbVie Inc., Bausch Health Companies Inc., Sientra, Inc., Lumenis Be Ltd., Medytox, Alma Lasers, Candela Corporation, Merz Pharma, Anika Therapeutics, Inc., Galderma, Cutera, Shanghai Fosun Pharmaceutical (Group) Co., Ltd., Aerolase Corp, A.R.C. Laser GmbH, Medical Devices Business Services, Inc., Quanta System, Sciton, Sharp Light Techniques Inc., Venus Concept, and Bohus BioTech AB
Customization Scope
10 hours of free customization and expert consultation
Medical Aesthetics Top Companies and Competitive Landscape
The global medical aesthetic market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective medical aesthetic solutions. Some major players included in the global medical aesthetic market report are:
AbbVie Inc.
Bausch Health Companies Inc.
Sientra, Inc.
Lumenis Be Ltd.
Medytox
Alma Lasers
Candela Corporation
Merz Pharma
Anika Therapeutics, Inc.
Galderma
Cutera
Shanghai Fosun Pharmaceutical (Group) Co., Ltd.
Aerolase Corp
A.R.C. Laser GmbH
Medical Devices Business Services, Inc.
Quanta System
Sciton
Sharp Light Techniques Inc.
Venus Concept
Bohus BioTech AB
Medical Aesthetics Latest Industry News
In June 2022, Cynosure Inc. introduced PicoSure Pro as the latest update to the PicoSure platform. PicoSure Pro uses pressure rather than heat to deliver energy in a trillionth of a second and offers all skin types secure and productive treatments for undesired pigmentation and skin rejuvenation.
In March 2021, Bausch Health Companies Inc. and its Solta Medical business launched the U.S. release of the Clear and Brilliant Touch laser, a cutting-edge product that offers a customized and more comprehensive treatment protocol by giving patients of all ages and skin types with the advantages of two wavelengths.
For the purpose of this report, Emergen Research has segmented global medical aesthetic market on the basis of product, procedure, end-use, and region:
Product Outlook (Revenue, USD Billion; 2019-2032)
Facial Aesthetic Products
Botulinum Toxin
Dermal Fillers
Microdermabrasion Products
Chemicals Peels
Cosmetics Implants
Breast Implants
Silicone Breast Implants
Saline 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
Liposuctions Devices
Physician-Dispensed Cosmeceuticals and Skin Lighteners
Hair Removal Devices
Laser Hair Removal Devices
Intense Pulse Light Hair Removal Devices
Tattoo Removal Devices
Thread Lift Products
Physician-Dispensed Eyelash Products
Nail Treatment Laser Devices
Procedure Outlook (Revenue, USD Billion; 2019-2032)
Surgical Procedures
Breast Augmentation
Rhinoplasty
Facelift and Body lift
Other Surgical Procedures
Non-Surgical Procedures
Anti-Aging and Skin Rejuvenation
Tattoo and Scar Removal
Hair Removal
Lypolysis
Other Non-Surgical Procedures
End-use Outlook (Revenue, USD Billion; 2019-2032)
Clinics, Hospitals, and Medical Spas
Beauty Centers
Home Care Settings
Regional Outlook (Revenue, USD Billion; 2019–2032)
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Operating Room Management Solutions Market, By Component (Software and Services), By Solution, By Delivery Mode (On-Premises and Cloud-based), By End-Use, and By Region Forecast to 2030
Medical Smart Textiles Market By Technology (Textile Sensors, Wearable Technology), By Application (Surgery, Bio-Monitoring, Therapy, and Wellness), By End-use (Hospitals and Clinics, Medical Academic and Research Center), and By Region Forecast to 2027
Topical Drug Delivery Market By Product Form (Semi-Solid, Solid Formulations, Transdermal Products, and Liquid Formulations), By Route (Dermal, Ophthalmic, Nasal, Others), By End-Use (Hospitals, Home Healthcare, Clinics, Diagnostic Centers, Burn Center), and By Region Forecast to 2027
Advanced Prosthetics and Exoskeletons Market By Product Type (Lower Limb, Upper Limb, Full Body), By Application (Hospitals, Clinics, Orthotic and Prosthetic Centers, Others), By Mobility (Stationary, Mobile), and By Region, Forecast to 2028
Robotics Surgical Simulation Systems Market By Product & Service Type (Conventional Surgery Simulation, Minimally Invasive Surgery Simulation, Others), By Type of Surgery (General Surgery, Endoscopic Surgery, Neurological Surgery, Gynecological Surgery, Cardiac Surgery), By End-use (Hospitals, Surgical Centers, Ambulatory Surgical Centers, Others), and By Region, Forecast to 2028
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