Global Medical Aesthetics Market size is estimated at US$ 18.46 billion in 2021 and is expected to grow from US$ 20.54 billion in 2022 to US$ 45.91 billion in 2029, which will increase over the forecast period. The annual average growth rate of 12.2%. Based on our analysis, the global market in 2020 registered a decrease of -18.0% compared to 2019. The global COVID-19 pandemic has been unprecedented and turbulent, with demand for medical cosmetology falling below pre-pandemic expectations in all regions.
In recent years, there has been a gradual increase in the number of cosmetic procedures worldwide. This increase is likely due to the majority of the population opting for minimally invasive and non-invasive procedures such as botulinum toxin and dermal fillers, and the various benefits these procedures offer. Benefits offered include fewer side effects, faster recovery times, and painless procedures.
Data released by the Aesthetic Society in 2021 reported a 44.0% year-over-year increase in total nonsurgical procedures in 2021 in the United States.
The popularity and acceptance of cosmetic surgery among the male population is also increasing year by year. Additionally, the demand for non-energy-based treatments such as dermal fillers and botulinum toxin is also responsible for the overall increase in the number of procedures performed. These factors and the gender balance in the application of cosmetic procedures are gradually improving, leading to a general demand for medical beauty. As the demand for medical cosmetology continues to grow, many companies in the industry are investing in research and development to introduce new products with advanced technology. The latest developments aim to provide painless therapy in minimally invasive and non-invasive procedures. In addition, both companies are focused on obtaining approvals for various products from countries such as the United States, Canada, and Europe, which further promotes the adoption of beauty equipment in the market. In addition, increasing disposable income and availability of household products in emerging markets such as India, China, and Brazil continue to drive the expansion of the medical beauty market.
In August 2019, Porogen received US FDA clearance for TriPollar Stop, a device that uses radio frequency technology to treat the face and neck, remove wrinkles and improve skin texture. This device has been clinically tested for home use in the United States.
Get a Free Sample Copy of a Research Report: https://analyticsmarketresearch.com/sample-request/medical-aesthetics-market/40742/
Market Segmentation
Market segmentation is the process of dividing a market into smaller subgroups or segments based on specific characteristics such as demographics, psychographics, behavior, and needs. Here are some common ways to segment the medical aesthetics market:
Product Type:
Medical aesthetics products can be divided into several categories, including injectables, energy-based devices, implants, and topical products. Each of these categories can be further divided into subcategories, such as dermal fillers, laser treatments, breast implants, and anti-aging creams.
Treatment Type:
Medical aesthetics treatments can be segmented based on the type of procedure, such as facial rejuvenation, body contouring, hair removal, and tattoo removal. Each of these segments can be further divided into subcategories, such as chemical peels, liposuction, laser hair removal, and PicoSure laser tattoo removal.
Demographics:
Demographic segmentation divides the market based on factors such as age, gender, income, and geographic location. For example, the market can be segmented based on age groups such as millennials, Gen X, and baby boomers, or by gender, such as male vs. female patients. Geographic segmentation can divide the market by regions or countries.
Psychographics:
Psychographic segmentation divides the market based on consumer attitudes, values, and lifestyles. For example, the market can be segmented based on consumers who are health-conscious, environmentally conscious, or value luxury experiences.
Buying Behavior:
Behavioral segmentation divides the market based on how consumers behave when making purchasing decisions. For example, the market can be segmented based on consumers who are price-sensitive, those who are loyal to specific brands, or those who are early adopters of new treatments and technologies. By segmenting the medical aesthetics market, companies can better understand the needs and preferences of their target consumers and develop more effective marketing strategies and product offerings.
Major Players:
Some of the major players in the medical aesthetics industry include:
Allergan, Inc. – known for Botox, Juvederm, and Kybella
Galderma – known for Dysport, Restylane, and Sculptra
Merz Pharma – known for Belotero, Radiesse, and Xeomin
Sientra – known for breast implants and facial implants
Syneron Candela – known for laser and energy-based devices for skin treatments
Zimmer Biomet – known for surgical products and medical devices for aesthetics
Cynosure – known for laser-based devices for skin treatments
Hologic – known for breast implants and body contouring devices
Lumenis – known for laser and energy-based devices for skin treatments
Cutera – known for laser and energy-based devices for skin treatments
Other players in the market include Mentor Worldwide, Inc., Sinclair Pharma, and Solta Medical.
Purchase This Report: https://analyticsmarketresearch.com/purchase/medical-aesthetics-market/40742/?license=single
Regional Trend
The medical aesthetics industry is a global industry, and its growth and trends vary regionally. Here is a regional analysis of the medical aesthetics industry:
North America:
North America is one of the largest markets for medical aesthetics, driven by the United States, which accounts for a significant portion of the global market. The market is driven by the growing demand for minimally invasive and non-invasive procedures, such as injectables, lasers, and skin rejuvenation treatments. The region is also home to many of the leading companies in the medical aesthetics industry.
Europe:
Europe is another significant market for medical aesthetics, driven by countries such as the UK, France, and Germany. The market is driven by the growing demand for non-invasive and minimally invasive procedures, such as injectables and laser treatments. The region is also home to many leading companies in the medical aesthetics industry.
Asia-Pacific:
The Asia-Pacific region is one of the fastest-growing markets for medical aesthetics, driven by countries such as China, Japan, South Korea, and India. The market is driven by the growing demand for cosmetic procedures, as well as the growing middle class and increasing disposable incomes in the region. The market is also driven by the increasing popularity of Korean beauty trends, such as BB creams and double eyelid surgery.
Latin America:
The medical aesthetics industry in Latin America is also growing rapidly, driven by countries such as Brazil and Mexico. The market is driven by the growing demand for cosmetic procedures, as well as the increasing availability of advanced technologies and treatments in the region. The market is also driven by the popularity of Brazilian butt lifts and other body contouring procedures.
Middle East and Africa:
The medical aesthetics industry in the Middle East and Africa is also growing, driven by countries such as the UAE, Saudi Arabia, and South Africa. The market is driven by the growing demand for cosmetic procedures, as well as the increasing availability of advanced technologies and treatments in the region. The market is also driven by the popularity of skin lightening treatments and other procedures aimed at addressing cultural beauty ideals. Overall, the medical aesthetics industry is a global industry, and its growth and trends vary regionally depending on factors such as culture, economic development, and consumer demand.
Get The Details Here: https://analyticsmarketresearch.com/reports/medical-aesthetics-market/40742/
Reasons to Purchase Global Medical Aesthetics Market Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
