Medical Aesthetics Market Trends and Insights By Product (Facial Aesthetic, Body Contouring Devices, Cosmetic Implants, Hair Removal Devices, Skin Aesthetic Devices, Tattoo Removal Devices), Technology (Invasive, Non-Invasive, Minimally Invasive), End User (Hospitals & Clinics, Dermatology & Cosmetic Centers) – Forecast till 2030
The medical aesthetics market market size was valued worth USD 13.9 billion in 2021 and expected to reach USD 39.1 billion by 2030 at 11.1% CAGR during the forecast period 2022-2030. The products that are available in the current market are both user-friendly and technologically advanced that will help the companies to expand and benefit the target audience that is available in the global scenario.
Medical aesthetics refers to a branch of medicine that focuses on improving the appearance of a person’s skin, face, and body through non-invasive or minimally invasive cosmetic procedures. The medical aesthetics market encompasses a wide range of products and services, including dermal fillers, Botox injections, laser treatments, microdermabrasion, chemical peels, and more. These procedures are performed by trained medical professionals such as dermatologists, plastic surgeons, or licensed aestheticians, and are designed to enhance one’s natural beauty and boost self-confidence. The medical aesthetics market has grown rapidly in recent years, driven by advancements in technology and increased consumer demand for safe and effective cosmetic treatments.
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At the beginning of the pandemic, many countries implemented lockdowns and restrictions on non-essential medical procedures, which resulted in the closure of clinics and a decrease in demand for aesthetic treatments. The industry experienced a sharp decline in revenue. As the pandemic progressed and governments began to ease restrictions, the demand for medical aesthetics started to recover. Many individuals saw the pandemic as an opportunity to focus on self-care and improve their physical appearance, leading to an increase in the demand for cosmetic treatments. Additionally, the shift to telemedicine and virtual consultations allowed patients to continue seeking aesthetic treatments while reducing their risk of exposure to COVID-19.
During the pandemic, many people started to work from home, attend virtual meetings, and spend more time indoors. As a result, there has been an increase in the demand for comfortable clothing that can be worn both for work and leisure. the COVID-19 pandemic has accelerated the already-growing trend toward comfortable, functional, and versatile clothing, leading to a significant increase in the demand for medical aesthetics.
The Global Medical Aesthetics Market has been segmented into Product, Technology, and End User
Based on the Product, the market has been segmented into Facial aesthetics, Body Contouring Devices, Cosmetic Implants, Hair Removal Devices, Skin Aesthetic Devices, and Tattoo Removal Devices.
Based on the Technology, the market has been segmented into Invasive, Non-Invasive, and Minimally Invasive.
Based on the End User, the market has been segmented into Hospitals & Clinics, Dermatology & Cosmetic Centers.
Some of the key market players are
- Evolus Inc
- Revance Galderma
- Solta Medical
- Syneron Candela
- Alma Laser
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Medical Aesthetics Market Regional Analysis
The majority of income came from North America. Some of the key factors influencing the growth of the market in this area include the acceptance of cosmetic operations, the incidence of skin problems rising, and the existence of board-certified and professional cosmetic surgeons.
Asia Pacific is anticipated to grow at the highest CAGR. Nations such as China, India, and South Korea support the area. One of the main reasons anticipated to propel the market in the area is the availability of technologically improved goods, the rising emphasis on physical appearance, and South Korea’s status as the center of cosmetic surgery.
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