CHICAGO, Sept. 29,
2022 /PRNewswire/ -- Medical Aesthetics
Market is projected to grow from USD 13.9 billion in 2022 to USD 23.4 billion by 2027, at a CAGR of 11.0% from
2022 to 2027, according to a new report by
MarketsandMarkets™. The Rapid growth in medical tourism,
the growing adult (aged 20 and above) population, increasing
disposable incomes, growing awareness about aesthetic specialties,
government subsidies and expenses or tax relaxations in these
countries can also help companies to grow. These are the key
factors driving the market in near future.
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Browse in-depth TOC on "Medical Aesthetics
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Body Contouring segment to register significant growth rate
over the forecast period of 2022-2027
Based on the product type, the global medical aesthetics market
is segmented into facial aesthetic products, body contouring
devices, cosmetic implants, hair removal devices, skin aesthetic
devices, tattoo removal devices, thread lift products,
physician-dispensed cosmeceuticals and skin lighteners,
physician-dispensed eyelash products, and nail treatment laser
devices. The body contouring segment is anticipated to register a
highest growth rate over the forecast period. The advantages of
body contouring device such as nonsurgical fat reduction
procedures, support its market growth.
Clinics, Hospitals, and Medical Spas segment accounted for
the largest share of the medical aesthetics market, by end user
market in 2021
The Clinics, Hospitals, and Medical Spas segment dominates the
market because most aesthetic procedures are performed in clinics,
hospitals, and medical spas, owing to the presence of trained
professionals and skilled surgeons that perform aesthetic
treatments on patients. Also, several aesthetic treatments require
local anesthesia and surgical intervention, necessitating the
involvement of skilled healthcare practitioners or plastic
surgeons.
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Asia Pacific to register
major growth in the market during the forecast period
Asia Pacific medical aesthetics
market is anticipated to register the highest growth over the
forecast period of 2022 to 2027. Major growth of the market is
attributed to increased consumer affluence and aesthetic
sophistication throughout the region. Additionally, the next four
to five years are expected to be marked by the continued
proliferation of the aesthetics industry in APAC due to the
emergence of new products and increasing consumer acceptance of
advanced procedures. The increasing availability of minimally
invasive and noninvasive aesthetic treatments is also expected to
fuel the growth of the medical aesthetic market in the region.
As of 2021, prominent players in the medical aesthetics market
are AbbVie Inc. (Ireland),
Galderma (Switzerland), and Merz
Pharma (Germany), El.En. S.p.A
(Italy), Cutera (US), Venus
Concept (Canada), Lutronic (US),
Lumenis (Israel), Bausch Health
Companies Inc. (Solta Medical)(Germany), Candela Corporation (US), InMode
(Israel), and Cynosure (US) among
others.
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