The global medical aesthetics market is characterized by the presence of numerous global players, including ALLERGAN, Bausch Health Companies Inc., Lumens, and more. This fragmented market structure creates competitive pricing for medical aesthetics products. The presence of these players at regional and international levels allows for a wide range of products with different specifications and price points. Moreover, the continuous technological advancements in the field drive market growth, as new and improved products are introduced to meet the evolving demands of patients and aesthetic providers.
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Data Bridge Market Research analyses that the Global Medical Aesthetics Market is expected to reach the value of USD 44,562.04 million by 2030, at a CAGR of 12.6% in the forecast period of 2023-2030. Individuals worldwide have shown a growing interest in aesthetic procedures, driven by a desire to improve their appearance, address signs of aging, and boost self-confidence. This increasing demand for aesthetic treatments has contributed to the growth of the global medical aesthetics market.
Key Findings of the Study
The aging population expected to drive the market's growth rate
The aging population is a significant driver of the global medical aesthetics market. As people age, they often seek anti-aging and rejuvenation treatments to address visible signs of aging and maintain a youthful appearance. The desire to enhance self-esteem and address age-related concerns drives the demand for aesthetic procedures. With a growing number of individuals in the aging demographic, the market for medical aesthetics experiences consistent growth and opportunities for aesthetic providers.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Aesthetic Laser Devices, Energy Devices, Body Contouring Devices, Facial Aesthetic Devices, Aesthetic Implants, and Skin Aesthetic Devices), Application (Anti-Aging and Wrinkles, Facial and Skin Rejuvenation, Breast Enhancement, Body Shaping and Cellulite, Tattoo Removal, Vascular Lesions, Sears, Pigment Lesions, Reconstructive, Psoriasis, and Vitiligo and Others), End User (Cosmetic Centers, Dermatology Clinics, Hospitals, Medical Spas, and Beauty Centers), Distribution Channel (Direct Tender and Retail Sales)
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Countries Covered
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U.S., Canada, Mexico, Italy, Germany, U.K., France, Spain, Russia, Turkey, Switzerland, Netherlands, Belgium, Rest of Europe, Japan, India, China, South Korea, Australia, Thailand, Singapore, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, UAE, Saudi Arabia, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.
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Market Players Covered
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Allergan (Ireland), Bausch Health Companies Inc. (Canada), Lumenis (Israel), Shanghai Fosun Pharmaceutical（Group）Co. Ltd. (China), Cynosure (U.S.), Syneron Medical Ltd (Israel), Aerolase Corp. (U.S.), A.R.C. Laser Gmbh (Germany), Asclepion Laser Technologies Gmbh (Germany), BTL(U.S.), Cutera (U.S.), Eclipse, Lutronic (U.S.), Mentor Worldwide LLC (South Korea), Merz Pharma(Germany), Quanta System (Italy), Sciton Inc. (U.S.), Sharplight Technologies Inc (Canada), Syneron Medical Ltd. (U.S.), Venus Concept (Canada) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The global medical aesthetics market is segmented into four notable segments based on product type, application, end-user, and distribution channel.
- On the basis of product type, the global medical aesthetics market is segmented into aesthetic laser devices, energy devices, body contouring devices, facial aesthetic devices, aesthetic implants, and skin aesthetic devices. The aesthetic laser devices segment is projected to dominate the segment of product type in the global medical aesthetics market with the share 29.4% in the forecast period of 2023-2030 due to their versatility and effectiveness in addressing a wide range of aesthetic concerns.
In 2023 aesthetic laser device segment dominate the segment of product type in the global medical aesthetics market
In 2023 aesthetic laser device segment dominate the segment of product type in the global medical aesthetics market with a market share of 29.4% due to their versatility and effectiveness in addressing a wide range of aesthetic concerns. These devices offer non-invasive or minimally invasive treatment options for procedures such as hair removal, skin rejuvenation, tattoo removal, and body contouring.
- On the basis of application, the global medical aesthetics market is segmented into anti-aging and wrinkles, facial and skin rejuvenation, breast enhancement, body shaping and cellulite, tattoo removal, vascular lesions, sears, pigment lesions, reconstructive, psoriasis, and vitiligo and others. Anti-aging and wrinkles segment is projected to dominate the application segment in the global medical aesthetics market with the share 22.5% in the forecast period of 2023-2030 due to the growing demand for products and treatments that address signs of aging.
In 2023, the anti-aging segment dominates the application segment in the global medical aesthetics market
In 2023, the anti-aging segment dominates the application segment in the forecast period of 2023-2030 in the global medical aesthetics market with the market share of 22.5% due to due to the growing demand for products and treatments that address signs of aging. As customer are focusing on maintain a youthful appearance and combating the effects of aging, there is a significant market for anti-aging skincare products, cosmetic procedures, and medical treatments.
- On the basis of end user, the global medical aesthetics market is segmented into cosmetic centers, dermatology clinics, hospitals, medical spas, and beauty centers. Cosmetic centres segment dominate the end user segment of global medical aesthetics market with the CAGR of 12.2% in the forecast period of 2023-2030 due to their specialized expertise, comprehensive range of aesthetic treatments, and advanced facilities. These centers offer a wide variety of services such as cosmetic surgery, non-surgical procedures, and medical-grade skincare treatments.
- On the basis of distribution channel, the global medical aesthetics market is segmented into direct tender and retail sales. The direct tender segment dominate the distribution segment in the global medical aesthetics market with a CAGR of 12.3 due to its efficient and cost-effective procurement process. With direct tender, healthcare providers directly engage with suppliers, eliminating intermediaries and ensuring competitive pricing.
Major Market Players
Data Bridge recognizes the following companies as the major companies in the global medical aesthetics market. These are Allergan (Ireland), Bausch Health Companies Inc. (Canada), Lumenis (Israel), Shanghai Fosun Pharmaceutical（Group）Co. Ltd. (China), Cynosure (U.S.), Syneron Medical Ltd (Israel),
Market Development
- In February 2022, AbbVie Inc.'s subsidiary, Allergan, received FDA approval for JUVÉDERM VOLBELLA XC to enhance infraorbital hollows in adults aged 21 and above. This approval expanded Allergan's aesthetics product portfolio in the U.S. market.
- In January 2022, Mentor Worldwide LLC, a subsidiary of the Johnson & Johnson Medical Devices Companies, obtained FDA approval for the MENTOR MemoryGel BOOST breast implant, intended for breast augmentation and reconstruction. This approval further diversified Mentor Worldwide's aesthetics product portfolio in the U.S. market.
- In October 2020: Alma Lasers announced the launch of Alma Hybrid, combining CO2 laser, 1570 nm laser, and IMPACT for non-ablative, ablative, and thermal facial rejuvenation and scar modification procedures.
- In January 2019: HRA Pharma, a French-based company, acquired Merz, a German organization, aiming to enhance their line of products in surgical medical aesthetics.
Regional Analysis
Geographically, the countries covered in the global medical aesthetics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the global medical aesthetics market during the forecast period 2023-2030
North America's dominance in the medical aesthetics market can be attributed to several factors. The presence of key market players, including Allergan, Bausch Health Companies Inc., and Lumens, contributes to the region's large market share. These companies drive market growth through strategic initiatives and the introduction of new technologies. With their strong market presence and continuous innovation, they are expected to further fuel the growth of the medical aesthetics market in North America during the forecast period.
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