Market Overview, Global Medical Aesthetics Market was valued at USD 21,726.79 Million in 2019 and is expected to register a CAGR of 8.20% during the forecast period of 2020 to 2029., Medical aesthetics refer to specialties that focus on improving cosmetic appearance by treating conditions such as wrinkles, scars, cellulite, unwanted hair, and moles, amongst others. The current trend is the use of non-invasive procedures to treat cosmetic imperfections., Global Medical Aesthetics Market is mainly driven by the high demand for liposuction, hair transplantation, and a high prevalence of skin diseases. A study published by the Indian Journal of Pediatric Dermatology reported that, in 2017, 200 to 300 million people in India suffered from acne. Moreover, according to the Australian Broadcasting Corporation in 2014, over 85% of the Australian population develops acne during their life, out of which that 5% of this population experience severe acne. Moreover, the growing expenditure on cosmetic surgeries coupled with technological advancements and rising obese and geriatric population are expected to drive the market growth. However, the high procedural costs, sophistication, and training associated with aesthetic procedures, and side-effects related to cosmetic procedures are likely to hamper the market growth., Market Dynamics, The growing obese and geriatric population across the globe is leading to an increased demand for aesthetic procedures such as liposuction, hair transplantation, and others. Moreover, the growing demand for beauty treatments and other anti-aging-related cosmetic procedures are accelerating the growth of the global medical aesthetics market. The rising need to appear younger and visible positive effects of these treatments are increasing the popularity of aesthetic procedures across the globe., In 2016, according to the International Society of Aesthetic Plastic Surgery, an estimated 18,447 liposuction procedures were performed in Taipei, accounting for 1.3% of the total surgical liposuction procedures across the globe.

Market Overview

Global Medical Aesthetics Market was valued at USD 21,726.79 Million in 2019 and is expected to register a CAGR of 8.20% during the forecast period of 2020 to 2029.

Medical aesthetics refer to specialties that focus on improving cosmetic appearance by treating conditions such as wrinkles, scars, cellulite, unwanted hair, and moles, amongst others. The current trend is the use of non-invasive procedures to treat cosmetic imperfections.

Global Medical Aesthetics Market is mainly driven by the high demand for liposuction, hair transplantation, and a high prevalence of skin diseases. A study published by the Indian Journal of Pediatric Dermatology reported that, in 2017, 200 to 300 million people in India suffered from acne. Moreover, according to the Australian Broadcasting Corporation in 2014, over 85% of the Australian population develops acne during their life, out of which that 5% of this population experience severe acne. Moreover, the growing expenditure on cosmetic surgeries coupled with technological advancements and rising obese and geriatric population are expected to drive the market growth. However, the high procedural costs, sophistication, and training associated with aesthetic procedures, and side-effects related to cosmetic procedures are likely to hamper the market growth.

Market Dynamics

The growing obese and geriatric population across the globe is leading to an increased demand for aesthetic procedures such as liposuction, hair transplantation, and others. Moreover, the growing demand for beauty treatments and other anti-aging-related cosmetic procedures are accelerating the growth of the global medical aesthetics market. The rising need to appear younger and visible positive effects of these treatments are increasing the popularity of aesthetic procedures across the globe.

In 2016, according to the International Society of Aesthetic Plastic Surgery, an estimated 18,447 liposuction procedures were performed in Taipei, accounting for 1.3% of the total surgical liposuction procedures across the globe. Moreover, it was determined that India stood third in liposuction procedures, representing 5.0% of the total liposuction procedures performed in the world. According to the American Society for Aesthetic Plastic Surgery, 414,335 liposuction procedures were performed in the US in 2016.

According to the Australian Institute of Health and Welfare from 2014 to 2015, approximately two-thirds, i.e., 63% of the Australian population aged 18 and above were estimated to be overweight or obese, thus increasing the number of individuals with hair fall problem as obesity affects hair fall. The number of hair restoration patients in Asia was approximately 427,709 in 2014, according to the International Society of Hair Restoration Surgery.

Global Medical Aesthetics Market Share, by Product, 2019 (%)



Source: MRFR Analysis

Segmentation

Global Medical Aesthetics Market has been divided Based on Product, Technology, and End User.

The market, based on the product, has been segregated into facial aesthetic, body contouring devices, cosmetic implants, hair removal devices, skin aesthetic devices, tattoo removal devices, and others. Skin-lightening procedures are reducing the production of melanin in the skin. Lasers and injectable are effective treatments for skin lightening. The chemical peel minimally invasive procedure uses a chemical solution to improve the tone and texture of the facial skin by removing the harmed outer layers. It can be used for improving the sun-damaged skin, acne, scars, wrinkles, rough skin, and scaly patches. The facial aesthetic segment accounted for the largest market share of 33.5% in 2019. This largest share can be attributed to the large numbers of hyaluronic acid injection procedures performed. For instance, according to the American Society of Plastic Surgeons, total hyaluronic acid injection procedures performed in 2017 was 2,091,476, and those performed in 2016 was 2,012,672.

On the basis of technology, the market is bifurcated into invasive, non-invasive, and minimally invasive. An invasive procedure is a surgical procedure that requires an incision in body parts to perform medical procedures. Rhinoplasty, facial liposuction, facelift, breast augmentation, body lift, thigh lift, and cheek and chin implants, among others, are the major procedures that fall under invasive procedures. An invasive procedure is a surgical procedure that requires an incision in body parts to perform medical procedures. Rhinoplasty, facial liposuction, facelift, breast augmentation, body lift, thigh lift, and cheek and chin implants, among others, are the major procedures that fall under invasive procedures. The invasive segment is expected to register the fastest growth at a CAGR of 8.74% during the forecast period owing to the high number of invasive cosmetic procedures performed across the globe.

On the basis of end-user, the market is bifurcated into hospitals & clinics, dermatology & cosmetic centers, and others. Hospitals & clinics are increasingly adopting new and advanced technologies for the treatment of various skin conditions such as scar treatment, stretch mark treatment, and others. The hospitals & clinics segment accounted for the largest market share with a value of USD 11,177.40 million in 2019 due to the increasing number of patients suffering from skin diseases and rising expenditure on cosmetics.

Global Medical Aesthetics Market Share, by Region, 2019 (%)



Source: MRFR Analysis

Regional Analysis

The Global Medical Aesthetics Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and Middle East & Africa. The Americas is expected to command the largest market share due to a well-developed healthcare sector, growing demand for beauty treatments and other anti-aging related cosmetic procedures, and the presence of leading players. Additionally, an increasing number of aesthetic surgeries are likely to drive the growth of the medical aesthetics market in these countries. According to the American Society of Plastic Surgeons, in 2016, approximately 17.5 million cosmetic procedures and 5.8 million reconstructive procedures were registered. Moreover, facial rejuvenation procedures continue to experience growth, as 2017 marked the highest number of botulinum toxin type A injections to date, with over 7.2 million injections.

Europe held a substantial share in the global medical aesthetics market. This can be attributed to the increasing support from the government, the presence of a huge geriatric population, and high healthcare spending. According to the report published by the European Union, the healthcare expenditure in European nations was around 9.6% of the total gross domestic product.

Asia-Pacific is estimated to be the fastest-growing region in the global market owing to the increases in the probability of tattoo removal procedures, high demand for procedures such as liposuction and hair transplantation by the growing obese and geriatric population, and the increasing number of private hospitals. Recently, as per the Hair Society, around 40% of hair loss rate is estimated in men by the age of 35, which is expected to grow and reach up to 70% in men by the age of 80 years. On the other hand, women of around 60 years of age have a hair loss rate of approximately 80%. Moreover, the Economic and Social Commission for Asia-Pacific estimated that in 2016, about 12.4% of the population within the region was aged 60 or more and is expected to reach 1.3 billion by 2050. This increasing obese population, in turn, is expected to increase the number of patients suffering from hair fall and hence increase the number of hair transplantation procedures.

The medical aesthetics market in Middle East & Africa is expected to witness steady growth during the review period due to developing healthcare infrastructure, the undeveloped market in this region, and continuously increasing demand for products.

Key Players

The Prominent Players in the Global Medical Aesthetics Market are Galderma Laboratories, L.P. (Switzerland), Allergan (Ireland), Merz Pharma (Germany), Lumenis LTD (Israel), Bausch Health (Canada), Hologic, Inc. (US), Anika Therapeutics Inc. (US), Cutera (US), Alma Lasers (Germany), and Syneron Medical Ltd (US).

Market Segmentation

Global Medical Aesthetics Market, by Product



Facial Aesthetic



Botulinum Toxin

Dermal Fillers

Microdermabrasion Devices

Others







Body Contouring Devices



Nonsurgical Fat Reduction Devices

Cellulite Reduction Devices

Liposuction Devices







Cosmetic Implants



Breast Implants

Facial Implants

Others







Hair Removal Devices



Skin Aesthetic Devices



Laser Skin Resurfacing Devices

Nonsurgical Skin Tightening Devices

Micro-Needling Products

Light Therapy Device

Chemical Peel

Skin Lighteners

Aesthetic Threads







Tattoo Removal Devices



Others



Global Medical Aesthetics Market, by Technology



Invasive



Non-Invasive



Minimally Invasive



Global Medical Aesthetics Market, by End User



Hospitals & Clinics



Dermatology & Cosmetic Centers



Others



Global Medical Aesthetics Market, by Region



Americas



North America



US

Canada





Latin America



Brazil

Mexico





Rest of Latin America











Europe



Germany

UK

France

Italy

Russia

Spain

Rest of Europe











Asia-Pacific



China

Japan

South Korea

India

Australia

Taiwan

Rest of Asia Pacific











Middle East & Africa



Middle East

Africa









Available Additional Customizations



Additional 5 Company Profiles



Intended Audience



Medical aesthetics companies



Hospitals and Clinics



Frequently Asked Questions (FAQ) :