Global Medical Aesthetics Market Research Report: Forecast (2024-2030)

Market Definition

Medical aesthetics procedures target several areas of the body, including the face, neck, body, and skin, to address concerns such as wrinkles, fine lines, sagging skin, volume loss, acne scars, pigmentation irregularities, and unwanted hair. These procedures aim to improve skin texture, tone, and elasticity, restore facial harmony & balance, and enhance facial features, ultimately enhancing the patient's self-confidence & quality of life.

Market Insights & Analysis: Global Medical Aesthetics Market (2024-30):

The Global Medical Aesthetics Market size is valued at around USD 16.34 billion in 2024 and is estimated to grow at a CAGR of around 11.23% during the forecast period, i.e., 2024-30. The surge in demand for aesthetic treatments in recent years is attributed to manufacturers introducing innovative aesthetic devices across the globe. The advent of technologically advanced products, including non-invasive body contouring systems employing fat-freezing technology, is anticipated to unlock lucrative opportunities in the foreseeable future. Notably, non-invasive body fat reduction ranked among the top five non-invasive procedures in the US in 2020, with 140,314 procedures conducted, according to the Aesthetic Society. This underscores the growing popularity and acceptance of such cutting-edge technologies in the aesthetic industry, which positively enhance the market size in the coming years.

Furthermore, technological advancement has also brewed the demand for aesthetic devices by medical spas & beauty centers for providing skincare treatment to their customers. The advancement of technological devices reduced risk & streamlined the treatment process. This technological device has attracted professionals to build confidence in seeking customers & minimize risk during the treatment process. And ultimately, it raises demand from its end-users to provide aesthetic services to their customers. This surge in demand increases the investment & expansion of cosmetic centers, dermatology clinics, hospitals, medical spas, and beauty centers, resulting in elevating the Global Medical Aesthetics market. For instance:

• In 2023, Beauty Matter, a Paris-based inner skin aesthetic clinic, raised around USD 5.4 million with the next generation of consumer brands & retail concepts to expand six clinics & plans for 15 to 18 new clinics by 2024. This investment would expand the sales of medical aesthetic devices globally.

Furthermore, there has been a notable surge in demand for aesthetic equipment, particularly for facial transformation procedures, predominantly among women. Moreover, women, particularly those in the younger & middle-aged demographics, are significantly influenced by the growing awareness of maintaining healthy skin, achieving modern aesthetics, and enhancing hair beauty.

Thus, the rising awareness & demand for a beautiful appearance & self-care have led to the need for major skin care treatments like body contouring devices, facial aesthetic devices, skin aesthetic devices, etc., for various skin, hair, and body treatments. Hence, this is further anticipated to enhance the market growth in the forthcoming years.

Global Medical Aesthetics Market Driver:

Growing Customer Interest in Non-invasive & Minimally Invasive Aesthetic Procedures to Drive Market Growth – Non-invasive procedures currently dominate the market share in the field of medical aesthetics. This prevalence is attributed to the immediate & safe results offered by these procedures, coupled with their cost-effectiveness compared to surgical alternatives. Among the most commonly sought-after minimally invasive aesthetic treatments are those utilizing botulinum toxin & aesthetic fillers, specifically employed for skin rejuvenation & tightening resulting in an increased Global Medical Aesthetics market.

Furthermore, the biggest companies, such as Merz Pharma, Allergan Aesthetics, etc., contribute to this landscape by providing uniquely purified botulinum toxin, effectively reducing moderate to severe lines & enhancing facial appearance, which is anticipated to enhance the market share during 2024-30.

Global Medical Aesthetics Market Opportunity:

Growing Advancement of AI in Aesthetic Laser Technology Devices – The upsurge adoption of modern AI laser technology across healthcare & cosmetics clinics is expected to escalate the Global Medical Aesthetic market in the coming years. Advanced Laser Technology (ALT) is a unique device that develops new techniques & complete system integration for medical aesthetic industries. AI-enabled laser devices continuously monitor patient responses during treatment sessions, automatically adjusting laser parameters in real time to optimize treatment efficacy & safety. This ensures that treatment outcomes are maximized and it helps to minimize the risk of adverse effects, leading to improved patient safety & comfort globally.

Moreover, AI-powered laser technology positively facilitates telemedicine consultations by enabling remote analysis of patient images & data, allowing healthcare providers to assess patient suitability for aesthetic laser treatments remotely. Consequently, the rising integration of AI with telemedicine & remote consultations provides a flourishing opportunity in the Global Medical Aesthetic Market in the forecast period.

Global Medical Aesthetics Market Challenge:

Presence of Alternative Beauty & Cosmetics Products to Impede Market Growth – Alternative beauty & cosmetic products, such as over-the-counter skincare, makeup, and topical treatments, compete for consumer spending alongside medical aesthetic procedures. Many customers opt for non-invasive or DIY solutions rather than seeking professional medical aesthetic treatments, particularly for minor cosmetic concerns or temporary improvements. Thus, the competition for consumer spending on over-the-counter skincare products impacts the demand for medical aesthetic procedures and limits market growth globally.

Furthermore, alternative beauty products offer temporary or superficial improvements compared to medical aesthetic procedures, which provide more significant and long-lasting results. Hence, customers prioritize convenience, affordability, and immediate gratification over efficacy and longevity when choosing beauty products which results in hampering the Global Medical Aesthetics Market.

Global Medical Aesthetics Market Trend:

Increasing Adoption of Regenerative Medicine to Enhance Market Growth – The emergence of regenerative medicine techniques, such as platelet-rich plasma (PRP) therapy, and stem cell therapy, expands the range of treatment options available within the Global Medical Aesthetic Market. These therapies offer novel approaches to address various aesthetic concerns, including skin rejuvenation, hair restoration, and tissue regeneration, providing patients with alternative treatment modalities rather than traditional procedures.

Furthermore, regenerative medicine therapies are observed as natural & non-invasive alternatives to surgical interventions and synthetic treatments. PRP therapy utilizes the patient's blood components to stimulate tissue repair & regeneration, while stem cell therapy harnesses the regenerative potential of stem cells to promote healing & tissue renewal. These natural treatment approaches resonate with patients seeking minimally invasive & holistic solutions for aesthetic enhancement, posing a significant trend in the Global Medical Aesthetic market, positively elevating the market size during 2024-30.

Global Medical Aesthetics Market (2024-30): Segmentation Analysis

The Global Medical Aesthetics Market study by MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment & includes predictions for the period 2024–2030 at the global level. In accordance to the analysis, the market has been further classified as:

Based on Type:

• Facial Aesthetics Products
  • Botulinum Toxins
  • Dermal Fillers
  • Microdermabrasion Products
  • Chemical Peels
  • Others (Retinoid Creams, Facial Sheet Masks, etc.)
• Cosmetic Implants

• Breast Implants (Silicone Breast Implants & Saline Breast Implants)
• Gluteal Implants
• Facial Implants
• Others (Ear Implants, Bicep/Triceps Implants, etc.)

• Skin Aesthetic Devices

• Non-Surgical Lightening Agents
• Laser Skin Resurfacing Agents
• Micro Needling Products
• Light Therapy Devices

• Body Contouring Devices

• Non-Surgical Fat Reduction Devices
• Cellulite Reduction Devices
• Liposuction Devices

• Physician-Dispensed Cosmeceutical & Skin Lighteners
• Hair Removal Devices

• Laser Hair Removal Devices
• IPL Hair Removal Devices

• Tattoo Removal Devices
• Thread Lift Products
• Nail Treatment Laser Devices
• Others (Radiofrequency Skin Tightening Devices, Hydro-Dermabrasion Systems, etc.)

Facial Aesthetics Products are expected to dominate the Global Medical Aesthetics Market, constituting the largest market share since the historical period. The rising adoption of sophisticated tools that enhance precise diagnostics, coupled with an increasing demand for improved sensitivity, is driving the substantial growth of this segment within the broader market landscape. In addition, the global population is aging, leading to an increased demand for aesthetic procedures to address age-related concerns, such as wrinkles, sagging skin, and volume loss. As individuals seek to maintain a youthful appearance, the demand for medical aesthetics procedures continues to rise, which is anticipated to escalate the market size through 2030 as well.

Based on End User:

• Clinics, Hospitals, and Medical Spas
• Cosmetology Centers
• Home Care Settings

Clinics, Hospitals, and Medical Spa hold the predominant share of the Medical Aesthetics Market over 2019-23, leveraging their status as well-established healthcare entities that provide a comprehensive array of medical aesthetic services. Their prominence stems from a combination of factors, including a reputable standing, a highly skilled medical workforce, and extensive resources.

Moreover, patients often turn to hospitals & clinics for surgical procedures, drawn to the secure & regulated environment they offer for intricate treatments. These institutions boast advanced technology and the capability to manage both non-surgical & surgical interventions, positioning them as all-encompassing destinations for diverse patient requirements. Thus, their reliability, coupled with the capacity to deliver a wide range of services, establishes their commanding position in the Global Medical Aesthetics Industry.

Global Medical Aesthetics Market (2024-30): Regional Projection

Geographically, the Global Medical Aesthetics Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

North America is anticipated to hold the major share of the Global Medical Aesthetics Market in the upcoming years (2024-30) due to the high disposable income, modern lifestyles, growing cosmetic surgery & treatment, increasing advancement of aesthetic devices, and others. In this region, consumers are highly concerned about their grooming & healthy lifestyles. Also, their per capita income is high, to which residents of North America easily access high-service treatments. Hence, with a robust healthcare infrastructure, stringent safety standards, and a focus on innovation, North America remains a key hub for medical aesthetics, poised for further growth & advancement in the forecast years.

Moreover, North America attracts a significant number of international patients seeking aesthetic treatments due to its reputation for high-quality care & advanced medical facilities. Hence, medical tourism contributes to the high demand for medical aesthetics, further adding to enhancing the North America Medical Aesthetics Market share.

Global Medical Aesthetics Recent Development:

• 2023: Merz Aesthetic announced to expand upon NEOCUTIS Skincare Line with the launch of new ‘neo restore post treatment nourishing sheet mask. It is formulated with ingredients, including proprietary peptides that boost production of collagen and elastin, glycerin to retain moisture in skin.
• 2023: Galderma launched FACE by Galderma. It is an augmented reality tool that enables aesthetic practitioners & patients to visualize treatment results at the planning stage. With this, the company aims to enhancing the treatment planning process for customers.

Gain a Competitive Edge with Our Global Medical Aesthetics Market Report

• Global Medical Aesthetics Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• Global Medical Aesthetics Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.