Meticulous Research®– a leading market research company published a research report titled “Medical Aesthetics Market by Product (Facial Aesthetics, Body Contouring, Cosmetic Implant, Physician Dispensed Cosmeceuticals, Skin Aesthetic, Thread Lift), End User (Hospitals, Clinics, & Medical Spas, Beauty Centers, & Home Care) – Forecast to 2029”. According to this latest publication from Meticulous Research®, the medical aesthetics market is expected to grow at a CAGR of 10.4% from 2022-2029 to reach $29.43 billion by 2029.
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The growing popularity of minimally invasive and non-invasive aesthetic procedures is a significant factor driving market expansion. All ages of individuals around the world are growing more and more interested in cosmetic or aesthetic procedures. Globally, the use of aesthetic goods and procedures has increased due to the growing desire to preserve, improve, and appear younger. Devices that reduce body fat can improve an obese person’s physical appearance. One of the most important aesthetic procedures for fat loss and weight management is liposuction.
Additionally, the growing demand for home-use aesthetic devices is expected to offer significant growth opportunities for the players operating in the medical aesthetic devices market.
COVID-19 Leading to Increased Adoption of At-Home Aesthetic Products
The medical spas and beauty salons were closed during the pandemic. As a result, numerous treatments were put off. Due to the simple accessibility of home-use aesthetic devices through various distribution channels, including retail stores, spas, and internet businesses, there has been an increase in demand and usage. As gadgets for use at home, laser- and light-based therapies are gaining popularity. Acne, rosacea, and precancerous lesions are treated at home with LED light therapies for the skin. Additionally, they promote the skin’s synthesis of fresh collagen and blood vessels as well as the reduction of fat. The market for home-use aesthetic devices is seeing an increase in new product launches from major manufacturers. For instance:
- In 2021, Shani Darden Skincare, Inc. (U.S.) launched the Facial Sculpting Wand. The device uses vibration therapy for a tighter and toned facial appearance.
- In 2020, OPTE (U.S.) launched a handheld device for treating hyperpigmentation. The product has an ultra-precise camera, blue light, and microprocessor that helps find hyperpigmentation and age spots.
Many companies offer handheld LED light devices and home-use RF therapy devices that reduce inflammatory acne and treat skin infections as well as address wrinkles, sagging skin, and collagen growth. Hyaluron pens are becoming more popular as at-home medical aesthetic tools. By using these products instead of conventional needles or syringes, fillers, most often hyaluronic acid, can be injected into the body.
The medical aesthetics market study presents historical market data in terms of values (2020 and 2021), estimated current data (2022), and forecasts for 2029. The medical aesthetics market study includes the market analysis by product [facial aesthetics (botulinum toxin, dermal fillers, chemical peels, microdermabrasion devices), body contouring devices (non-surgical fat reduction, cellulite reduction devices, liposuction devices), cosmetic implants (breast implants, facial implants, other implants), physician-dispensed cosmeceuticals and skin lighteners, skin aesthetic devices (laser skin resurfacing devices, non-surgical skin tightening devices, micro-needling products, light therapy devices), hair removal devices, tattoo removal devices, thread lift products, nail treatment laser devices)], end user (hospitals, clinics, and medical spas, beauty centers, home care settings) and geography. The study also evaluates industry competitors and analyzes the regional and country markets.
Quick Buy – Medical Aesthetics Market – Global Opportunity Analysis And Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/69717123
As per product type, the medical aesthetics market is estimated to be dominated by the facial aesthetics segment in 2022. People’s increased interest in altering their facial characteristics, a less expensive alternative to intrusive cosmetic treatments, and the widespread availability of cutting-edge facial aesthetic products are the main factors behind this segment’s huge market share.
The medical aesthetics market is segmented into hospitals, clinics & medical spas, beauty salons, and home care settings based on the end user. The medical spas, hospitals, and clinics category is estimated to hold the greatest market share for medical aesthetics in 2022. The increased demand for minimally invasive aesthetic operations and the emergence of medical spas and clinics with infrastructure fully stocked with cutting-edge tools and personnel are the two main drivers of this segment’s growth.
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, South Korea, Japan, India, Thailand, and RoAPAC), Latin America (Brazil, Mexico, and RoLATAM), and the Middle East & Africa. North America is estimated to dominate the medical aesthetics market in 2022, followed by Europe and Asia-Pacific. The growing healthcare sector, increasing awareness and adoption of aesthetic procedures among the population, rising incidences of skin diseases, various technological advancements, and an increase in the consciousness about physical appearances propels the growth of this market in North America.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/medical-aesthetics-market-5028
The key players operating in the medical aesthetics market are Anika Therapeutics, Inc. (U.S.), Cutera, Inc. (U.S.), Galderma SA (Switzerland), El.En. S.p.A. (Italy), Merz Pharma GmbH & Co. KGaA (Germany), Cynosure Inc. (U.S.), Mentor Worldwide LLC (U.S.), Allergan plc (Ireland), Alma Lasers (Israel), and Fotona D.O.O (Slovenia), Sientra, Inc. (U.S.), Sinclair Pharma (U.K.), Candela Medical (U.S.), Sciton, Inc. (U.S.), Revance Therapeutics, Inc. (U.S.), Solta Medical (U.S.).
Key questions answered in the report-
- Which are the high-growth market segments in terms of product, end user, and region/countries?
- What was the historical market for medical aesthetics across the globe?
- What are the market forecasts and estimates for the period 2022–2029?
- What are the major drivers, restraints, opportunities, and challenges in the medical aesthetics market?
- Who are the major players in the medical aesthetics market?
- What is the competitive landscape, and who are the market leaders in the medical aesthetics market?
- What are the recent developments in the medical aesthetics market?
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