The aesthetic medicine market is expected to increase at a CAGR of 10.3% from 2022 to 2032, with revenues estimated at US$ 64.6 billion in 2021, according to a recently published Fact.MR report. By the end of 2032, the market is expected to reach US$ 187.7Bn. During 2022 – 2032, non-invasive procedures are projected to garner an absolute $ opportunity of over US$ 60 Bn to account for over 50% of the market throughout the analysis period.
The global market is being shaped by aesthetic medicine innovation and new products. For example, advancements in non-invasive procedures including Botox and soft tissue fillers are likely to provide significant market growth prospects in the coming years also rising awareness and demand for minimally invasive surgeries will boost the aesthetic medicine market demand.
High demand for liposuction, hair transplantation, the growing obese and geriatric population and user-friendly products are just a few of the key drivers of the aesthetic medicine market. Due to an increase in demand for fillers and acceptance of facial aesthetics, spending on cosmetic procedures has increased which showcases a promising growth during the forecasted period.
Want A Detailed Understanding of Market Functioning? Request for a Sample Here –https://www.factmr.com/connectus/sample?flag=S&rep_id=7139
Key Takeaways from the Market Study
- Non-invasive procedures segment to account for 53.7% of the market with a revenue of US$37.9 Bn in 2022.
- In 2022, North America to contribute more than 41% market revenue.
- An increase in awareness and demand for preventative procedures that provide anti-aging benefits of injectable medications early in life is expected to boost the aesthetic medicine market. Adults are self-conscious about their appearance.
- With a market share of over US$6.8 billion, liposuction was the most major contributor in invasive procedures, while Botox injection was the most significant contributor in non-invasive procedures, with a market share of approximately US$9.5 Bn
- Breast augmentation has witnessed a significant increase in the invasive procedure, which is expected to reach US$ 16.8 Bn by 2032 at a CAGR of 9.6%.
In recent years, non-invasive or minimally invasive procedures such as PRP, skin tightening, and medical facials have become more popular. Both new and old aesthetic medicine trends are expected to continue to grow in popularity, comments a Fact.MR analyst.
What Is the Influence of Celebrity Promoting Aesthetic Medicine Treatments?
Celebrities are becoming more outspoken about the alterations they are making to their physical appearances. They are more willing to talk about surgery and procedures they have had. Today’s cosmetic procedures have advanced to produce natural-looking outcomes.
In 2015, celebrities such as Kylie Jenner was quite open to the treatment of lip filler. The growth in demand for aesthetic treatments among the younger generation is linked to her fame and influence. Kim Kardashian is another example; she is quite open about her skin treatments. For the first time, she revealed about the Botox treatments in an interview. Kaley Cuoco, an American television actress, underwent breast augmentation, a nose procedure and round of fillers.
How has Covid-19 Impacted Revenue Generation of Aesthetic Medicines?
COVID-19 had a significant impact on the aesthetic medicine industry, resulting in temporary closures of beauty salons, decreased product demand, limited operations, and lower income levels. The industry experienced a period of short-term negative growth however, consumers are particularly conscious of their physical appearance. As a result, demand for cosmetic surgery has increased, with Botox being one of the most popular treatments.
Patients are also interested in cosmetic procedures due to the simplicity with which they can heal while staying at home. As a result, the worldwide aesthetic medicine market rose dramatically during the lockout, resulting in increasing demand. The development of advanced aesthetic devices such as non-invasive aesthetic devices, as well as an increasing focus on physical appearance, are some important market drivers.
Speak To Research Analyst For Detailed Insights: https://www.factmr.com/connectus/sample?flag=AE&rep_id=7139
Competitive Landscape
The competition in aesthetic medicine market is fragmented because number of regional and global players compete in this market. These dominating companies compete based on the innovation of their products, their quality of treatments, their costs, and their market presence. The increasing adoption of advanced technologies for enhanced treatment and technological innovation are the primary factors influencing the competitiveness. Mergers and acquisitions have become one of the most important tactics for leading companies to maintain market share. A variety of strategies are being employed by companies to remain competitive.
- In Jan 2021, Allergan Aesthetic partnered with Cypris Medical, a Chicago-based private medical device company. The clinical trial has already begun, and it will help with the evaluation and cross-checking of Xact’s safety in treating sagging skin on the face and deepening of the nasolabial sulcus.
- In Dec 2021, Allergen Aesthetics, a division of AbbVie, recently acquired Soliton, Inc., a medical technology firm. This acquisition will add to the company’s non-invasive body reshaping therapy range.
- In Dec 2020, Galderma made a significant investment in its aesthetic portfolio, including the development of its U.S. salesforce and enhancements in ASPIRE Galderma Rewards’ digital capabilities. The company’s position in the medical aesthetics sector has been reinforced as a result of these initiatives.
Market Segments Covered in Aesthetic Medicines Industry Analysis :
By Procedure Type :
- Invasive Procedures
- Breast augmentation
- Liposuction
- Nose reshaping
- Eyelid surgery
- Tummy tuck
- Other invasive procedures
- Non-Invasive Procedures
- Botox injections
- Soft tissue fillers
- Chemical peel
- Laser hair removal
- microdermabrasion
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Choose Quick and Secure PayPal Payment Mode to Get Full Access of This Reporthttps://www.factmr.com/checkout/7139
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Email: [email protected]
Visit Our Website: https://www.factmr.com