Medical Aesthetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

  • Single User License $3500

Medical Aesthetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : September, 2021 | Medical Devices

Report Digest


Global Medical Aesthetics Market: Snapshot

Aesthetic medicine is a term used mainly for specialty services that focus on improving cosmetic appearance through the treatment of various conditions such as excess fat, moles, scars, and others. This type of medicine involves both surgical procedures as well as non-surgical procedures. Many doctors might even use a combination of both. Thanks to an increasing demand of these procedures, a distinct medical aesthetics market exists from a global perspective.

Medical aesthetics is known to substantially improve quality of life, wellbeing, and social engagement. This is one of the primary factors driving growth in the market. Moreover, with an increase in medical tourism, the global medical aesthetics market is witnessing a notable surge. In countries such as United States, Japan, South Korea, Mexico, and Brazil, maximum number of aesthetic procedures were performed in 2014. This indicates a strong presence of the market in these economies.

The medical aesthetics market mainly involves specializing in improving cosmetic appearance. It has numerous applications for dermatological and surgical conditions. Aesthetic medicine also plays a role in the treatment of excess fat, cellulite, and obesity. Aesthetic medicines coupled with laser-based therapies can be effectively utilized for the treatment of scars, unwanted hair, skin discoloration, and spider veins.

While providing medical aesthetics, assessment of the overall health is very important through the hands of a qualified physician in the global medical aesthetics market. This mainly necessary to ensure that the existing issue is treated properly, and minimum or no side effects are caused. The aesthetician who oversees the entire process should provide a novel team approach while availing minimally invasive aesthetic procedures. Photorejuvenation, chemical peels, Cryolipolysis, mesotherapy injection, Injections of botulinum toxin, injection of dermal fillers, and Cellulite treatment, are some of the key processes being a part of the medical aesthetics market.

Global Medical Aesthetics Market: Overview

The global medical aesthetics market has significantly seen an uptake in regions such as North America and Middle East. In recent times it has been noticed that there is a whimsical surge in uptake of aesthetic procedure among the consumer residing in these regions, which has augmented the sales rate of the market. Advent of new line of aesthetic products along with aggressive technological advancement, which is helping in achieving better efficacy with reducing the time taken by busy patients who are avoiding longer recovery periods. These factors are anticipated to help the market to grow exponentially. Global medical aesthetic devices are generally used to treat aesthetically impaired skin, such as excessive fat, moles, scars, wrinkles, cellulite, skin laxity, skin discoloration, spider veins, lover spots, and unwanted hair.

Global Medical Aesthetics Market: Trends and Opportunities

Increase in demand for minimally invasive reconstruction surgeries has helped the market to grow stupendously. Incessant rise in road accidents along with trauma cases has kept the doctors busy. Increasing cases of tooth deformities and congenital face coupled with rising awareness by government of various countries like breast reconstructive awareness campaign which was launched in the U.S is helping the market to get momentum. Increasing number of breast cancer accompanied by surging cosmetology surgeons in anticipated to help the market to climb up. Rapid advancement in technology is acting as catalyst in helping the market to achieve great heights.

Rise of medical tourism, particularly in Asian countries has helped the market to grow rapidly in Asia Pacific region. Rising preference for a healthy lifestyle along with rise in disposable income stokes demand for product in market. Increase in popularity of celebrities among the young generation who tend to inspire them to look good and aesthetically appealing is anticipated to provide lucrative growth opportunities for the market to grow.

However, on the other hand it has been noticed that exorbitant price associated with treatment is likely to be rebuked by middle class family. This is anticipated to be the major restraint factor in the market.  Negligible compensations from any healthcare center is likely cause the market to go down. Another factor stalling the growth of the market is risk associated with the surgeries required for medical aesthetics market.


Global Medical Aesthetics Market: Market Potential

Recently idsMED Singapore hosted an Aesthetic Conference, where one of the major player in the market Cutera unveiled their new product in the market. Cutera exhibited live demo of their new products which included Cuteral trusculpt 3D, Lutronic enCurve, Classys Scizer, and Classys Clatuu Alpha.  Cutera trusculpt 3D is a nonsurgical radio frequency device which has the ability to contour and sculpt a body. Lutonic enCurve promises to descend fat cells in a most easy way according to the company. Classys Scizer contours the body in a minimally invasive way.

Global Medical Aesthetics Market: Regional Outlook

On the basis of geography, the global medical aesthetics market is present in Asia Pacific, Europe, North America, and Rest of World. Of these, North America holds the major share in the market and is expected to hold the lead during the forecast period. On the other hand, Asia Pacific is anticipated to become the fastest growing region as the demand for medical aesthetics increases. Increasing consumer knowledge along with strong local economies is likely to help Asia Pacific to lock horns with North America. Strong advertisement by Americana and European manufacturers in the region is likely to create growth opportunity for them.

Global Medical Aesthetics Market: Competitve Landscape

Some of the major players in the market are Anika Therapeutics, Cynosure, Cutera, Inc., Allergan, plc, Almers, Ltd, and Sinclair Pharma PLC.

Medical Aesthetics Market, by Product

  • Facial Aesthetic Products
    • Dermal Fillers
    • Botulinum Toxin
    • Microdermabrasion
    • Chemical Peels
  • Body Contouring Devices
    • Nonsurgical Fat Reduction Devices
    • Cellulite Reduction Devices
    • Liposuction Devices
  • Cosmetic Implants
    • Breast Implants
      • Silicone Implants
      • Saline Implants
    • Facial Implants
    • Other Cosmetic Implants
  • Hair Removal Devices
    • Laser Hair Removal Devices
    • IPL Hair Removal Devices
  • Skin Aesthetic Devices
    • Laser Resurfacing Devices
    • Nonsurgical Skin Tightening Devices
    • Micro-needling Products
    • Light Therapy Devices
  • Tattoo Removal Devices
  • Thread Lift Products
  • Physician-dispensed Cosmeceuticals and Skin Lighteners
  • Physician-dispensed Eyelash Products
  • Nail Treatment Laser Devices

Medical Aesthetics Market, by End User

  • Clinics, Hospitals, and Medical Spas
  • Beauty Centers
  • Home Care

Medical Aesthetics Market, by Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe (RoE)
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Rest of Asia Pacific (RoAPAC)
  • Rest of the World (RoW)
    • Latin America
    • Middle East
    • Africa

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?