Press Release

Medical Aesthetic Market to Propel with the Growing Demand for Minimally Invasive & Non-invasive Aesthetic Procedures

The Global Medical Aesthetics Market is projected to grow at a CAGR of around 11.23% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The contemporary increase in demand for aesthetic treatments has been fueled by the introduction of innovative aesthetic devices worldwide. The emergence of technologically advanced products, particularly non-invasive body contouring systems utilizing fat-freezing technology, is expected to create promising opportunities in the Global Medical Aesthetics Industry during the forthcoming period.

Moreover, technological advancements have fueled the demand for aesthetic devices among medical spas & beauty centers, enabling them to offer advanced skincare treatments to customers across the globe. These technical progressions help to reduce risks and streamline the treatment process, instilling confidence in professionals & minimizing risks during procedures. Consequently, this has led to increased demand from end-users for aesthetic services, prompting investments & expansions in cosmetic centers, dermatology clinics, hospitals, medical spas, and beauty centers, which is presumed to enhance the market size in the future.

Furthermore, the increasing adoption of AI laser technology in healthcare & cosmetic clinics is projected to drive market expansion in the foreseeable future. Advanced Laser Technology (ALT) represents a distinctive device that is revolutionizing techniques & system integration in the medical aesthetics sector. AI-powered laser devices continuously monitor patient responses throughout treatment sessions, automatically adapting laser parameters in real-time to enhance treatment effectiveness & safety. As a result, the increasing incorporation of AI into telemedicine & remote consultations presents significant opportunities for growth across the global market in the coming years, further states the research report, “Global Medical Aesthetics Market Analysis, 2024.”

Global Medical Aesthetics Market Segmentation Analysis

Facial Aesthetics Products to Outperform in the Global Market

Based on the end-user segment, the market is further bifurcated into, Facial Aesthetics Products, Cosmetic Implants, Skin Aesthetic Devices, Body Contouring Devices, Physician-Dispensed Cosmeceutical & Skin Lighteners, Hair Removal Devices, Tattoo Removal Devices, Thread Lift Products, Nail Treatment Laser Devices, and Others (Radiofrequency Skin Tightening Devices, Hydro-Dermabrasion Systems, etc.).  Among them, the Facial Aesthetics Products segment is expected to hold a significant share of the Global Medical Aesthetics Market in the forthcoming period.

The growth is attributed to increasing innovations such as high-definition imaging systems, 3D facial mapping, and AI-driven analysis that are enhancing the accuracy & effectiveness of facial aesthetic procedures. Furthermore, the aging global population is driving the demand for aesthetic procedures, particularly to address age-related concerns such as wrinkles, sagging skin, and volume loss. Hence, with individuals increasingly seeking to maintain a youthful appearance, the demand for medical aesthetics procedures is projected to continue rising in the coming years, positively impacting the market size.

North America is Anticipated to Account for Prominent Market Share

North America is projected to grasp a dominating share of the Medical Aesthetics Market in the forthcoming years, driven by several factors such as high disposable income, modern lifestyles, and an increasing inclination towards cosmetic surgeries and treatments. Consumers in this region prioritize grooming & healthy living, supported by their high per capita income, facilitating easy access to premium aesthetic services.

With a robust healthcare infrastructure and stringent safety standards, North America remains a pivotal hub for medical aesthetics, poised for further growth & advancement. Additionally, the region stands out for high-quality care & advanced medical facilities, attracting numerous international patients seeking aesthetic treatments. Thus, this phenomenon of medical tourism contributes to market growth by generating additional revenue, diversifying the patient base, and fostering international collaborations and partnerships.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Allergan Aesthetics, Alma Lasers, Hologic Inc., Bausch Health Companies Inc., Cutera, Inc., El.En. S.p.A., Inmode Ltd., Lumenis Be Ltd., Fotona, Galderma, Johnson & Johnson, Merz Pharma, Medytox, Candela Corporation, Sientra, Inc., and others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the Global Medical Aesthetics Market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-2030?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?