Global Aesthetic Medicine Market – Industry Trends and Forecast to 2029

Market Analysis and Size

In recent years, awareness about skin treatments and beauty care is growing with a rapid rate and not only is it much cheaper now there many options out there and it is driving the aesthetic medicine market in the forecast period. People are travelling around the globe just to get these procedures and it is driving the market.

• Data Bridge Market Research analyses that the aesthetic medicine market is expected to reach the value of USD 26.68 Billion by the year 2029, at a CAGR of 9.34% during the forecast period. “Medical Spas and Beauty Centres” is the dominating the end-user segment in the global aesthetic market owing to the increasing personal disposable income.

Market Definition

Aesthetic medicine is a type of cosmetic procedure which is used in the treatment to improve scars, wrinkles, liver spots, cellulite, unwanted hair, excess fat and others that will help in augmenting the physical appearance of the patient using minimally invasive and non-invasive procedure.

Aesthetic Medicine Market Dynamics

Drivers

• Rising awareness regarding aesthetic procedure in emerging economies

Need for better looking skin and facial features are very common thing thorough the world and people are getting aware and now travelling around all globe just for these procedures and is driving the market.

• Growing number of obese population across the globe

With growing fast food trend the population of obese people and with many disease is also increasing and it is affecting the market in a positive manner. Obese is now seen as a disease which is affecting the world population.

Additionally, Advancements of technologies provided by the different market players, adoption of invasive and non-invasive procedure, rising adoption among geriatric individuals, increasing public awareness about cosmetic procedures, the availability of technologically advanced & user-friendly products, and the increasing demand for aesthetic treatments among men the aesthetic medicine market.

Opportunities

Furthermore, advancements in technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, a high emphasis on streamlining imaging workflows will further expand the aesthetic medicine market's growth rate in the future. 

Restraints/Challenges

On the other hand, a several limitations are associated with the technology such as lengthy test durations, dependence on skill and expertise of operator are expected to obstruct market growth. Also, side effects are projected to challenge the aesthetic medicine market in the forecast period of 2022-2029.

This aesthetic medicine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aesthetic medicine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Aesthetic Medicine Market

The COVID-19 pandemic had significantly affected the market for aesthetic medicine. Initially, social distancing and a sudden sharp cut in consumers’ income levels had negatively impacted the market. The market had witnessed a phase of short-term negative growth owing to factors such as a decline in product demand, limited operations, temporary closures of beauty centers, and disruption in the manufacturing and supply chain.

Recent Development

• In June 2020, Allergan Aesthetics, a subsidiary of AbbVie Inc. (U.S.), received FDA approval of JUVÉDERM VOLUMA XC for the augmentation of the chin region in adults over the age of 21. Apart from this, in 2019, the FDA approved Jeuveau, which is similar to Botox, however, is available at a lower cost compared to Botox.

Global Aesthetic Medicine Market Scope

The aesthetic medicine market is segmented on the basis of procedure type, product type, application, end-user, gender and route of administration. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

 Procedure type

• Invasive procedures
• Non-invasive procedures

Based on procedure type, aesthetic medicine market is segmented into invasive procedures and non-invasive procedures. Invasive procedures have been further segmented into breast augmentation, liposuction, nose reshaping, eyelid surgery, tummy tuck and others. Non-invasive procedures have been further segmented into botox injections, soft tissue fillers, chemical peel, laser hair removal, microdermabrasion and others.

Product type

• Energy-based devices
• Implants
• Anti-wrinkle products

Based on product type, aesthetic medicine has been segmented into energy-based devices, implants and anti-wrinkle products. Energy-based devices have been further segmented into aesthetic laser devices, body contouring and skin tightening devices, microdermabrasion devices and ultrasound devices. Implants have been further segmented into dental implants, breast implants, facial implants and others. Anti-wrinkle products have been further segmented into botulinum toxin/botox, dermal fillers and chemical peel.

End user

• Medical spas
• Beauty centres
• Hospitals
• Clinics
• Home use

Aesthetic medicine market has also been segmented based on the end user into medical spas and beauty centres, hospitals and clinics, home use.

Gender

• Males
• Females

On the basis of gender, aesthetic medicine market is segmented into males and females. Males have been further segmented into <18, 19-34, 35-50, 51-64 and >65. Females have been further segmented into <18, 19-34, 35-50, 51-64 and >65.

Application

• Surgical
• Non-surgical

Based on application, aesthetic medicine market is segmented into surgical and non-surgical

Route of administration

• Oral
• Topical

Based on route of administration, aesthetic medicine market is segmented into oral and topical.

Aesthetic Medicine Market Regional Analysis/Insights

The aesthetic medicine market is analysed and market size insights and trends are provided by country, procedure type, product type, application, end-user, gender and route of administration as referenced above.

The countries covered in the aesthetic medicine 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.

North America dominates the aesthetic medicine market due to the high prevalence of cosmetic procedure among growing population and availability of skilled professionals within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the availability of skilled professional and increasing disposable income of the people.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The aesthetic medicine market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for aesthetic medicine market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the aesthetic medicine market. The data is available for historic period 2010-2020.

Competitive Landscape and Aesthetic Medicine Market Share Analysis

The aesthetic medicine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aesthetic medicine market.

Some of the major players operating in the aesthetic medicine market are Cynosure, Inc., Johnson & Johnson Services, Inc., Galderma Laboratories, L.P., Alma Lasers, ALLERGAN, Solta Medical, Lumenis, CANDELA CORPORATION., Dentsply Sirona., Merz Pharma, Bausch Health Companies Inc., SKIN TECH PHARMA GROUP, Bioxis pharmaceuticals, Obagi Cosmeceuticals LLC, ZO Skin Health, Teoxane, LA ROCHE-POSAY, Alumier Labs, Medik8 and Abbott among others.

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