The global medical aesthetics market size was valued at 61.2 USD billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.5% from 2022 to 2030 and reach around 138.6 USD billion. Medical Aesthetics is a field of medicine that focuses on procedures and techniques that improve the skin's appearance, texture, and contours. Scars, moles, liver spots, extra fat, wrinkles, skin looseness, undesired hair, cellulite, poker, and skin discoloration are all treated by this branch. Standard inclusions include dermatology, oral and maxillofacial surgery, reconstructive surgery, and plastic surgery.
Market Drivers
Due to changes in modern lifestyle, obesity among people is gradually increasing and affects the elderly population. Geriatric obesity has been noted in affluent countries. Hence the demand for the aesthetic market has increased over the period. The market is growing because of the growing number of qualified surgeons and new technology.
Due to technology advancements and significant investments in research and development, plastic surgeries, breast implants, botulinum toxin injection therapy, and other anti-aging treatments and products have been created. Strict rules and regulations have prompted manufacturers to develop safer and more effective anti-aging treatments that directly impact consumers, increasing the market's growth potential.
Market Restraints
As a consequence of an increase in the number of doctors and surgeons delivering safe and effective medical aesthetic treatments and the creation of technologically upgraded goods, the market for aesthetic treatments has increased substantially. Medical aesthetic procedures might also have a variety of negative consequences. Aesthetic treatment patients may experience some risks and side effects after or during the surgery.
Market Opportunities
Medical aesthetics companies can benefit significantly from emerging markets like China, Brazil, Mexico, and India. Rising disposable incomes, increased medical tourism, and more knowledge of aesthetic specialties are driving higher demand for medical aesthetic devices in these countries. The presence of many doctors in these emerging nations also helps the medical aesthetics market to thrive.
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North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America are the regions in which the worldwide medical aesthetics market is divided.
North America leads the worldwide medical aesthetics market because of its huge elderly population and abundance of medical aesthetic procedure centers. Rising per capita income and highly established cosmetic hospitals are two more aspects projected to promote market expansion.
The Asia Pacific medical aesthetic market is expected to grow rapidly between 2022 and 2030.The enormous demographic pool and arrival of significant companies in the Asia Pacific market are credited with the market's growth. Because of the burgeoning medical tourism in the Asia Pacific, the medical aesthetics market in Thailand, Japan, and China is quickly expanding.
Some of the major players of the global medical aesthetics market are,
By Procedure Type
By End-User
By Region
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast Periods