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Medical Aesthetics Market Report: Trends, Forecast and Competitive Analysis to 2030

September 2024 | 150 pages | ID: M40AFBEBC91EEN
Lucintel

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Medical Aesthetics Trends and Forecast

The future of the global medical aesthetics market looks promising with opportunities in the clinic, hospital, and medical spas, beauty center, and home care setting markets. The global medical aesthetics market is expected to reach an estimated $29.6 billion by 2030 with a CAGR of 11.2% from 2024 to 2030. The major drivers for this market are the increasing adoption of minimally invasive and noninvasive aesthetic procedures, the growing demand for aesthetic procedures among geriatric individuals, and the rising demand for aesthetic treatments among men.

Lucintel forecasts that facial aesthetic products will remain the largest segment over the forecast period due to the growing patient demand for facial aesthetic treatments, rising disposable income and spending capabilities, and surging geriatric population across the globe.

Within this market, clinics, hospitals, and medical spas will remain the largest segment due to the growing awareness about various aesthetic procedures and their benefits, increasing patient inclination toward minimally invasive cosmetic surgeries, and surge number of clinics and surgeons providing these treatments.

North America will remain the largest segment over the forecast period due to the growing number of aesthetic procedures performed, surge in the geriatric population, and favorable government funding for healthcare infrastructure.

Emerging Trends in the Medical Aesthetics Market

Some of the major trends that shape the future of the Medical Aesthetics market include increased personalization, technology-driven solutions, and non-invasive procedures. Introduction: The emerging trends within the context of Medical Aesthetics have recently been shaped by new technologies, consumer demands for personalization, and a shift to the use of non-invasive treatments. Such are essential in setting up what the future will look like for aesthetic procedures.
  • Personalized aesthetic treatments: The advances in AI and data analytics have made it possible to create even more personalized treatment plans that meet each individual's skin type and aesthetic goal. This has raised outcomes through bettering patient satisfaction since the personal touch is accorded to these interventions.
  • Growth of Non-Invasive Procedures: Non-invasive treatments comprise cryolipolysis and radiofrequency therapy, among others, which are trending upward because they have less downtime compared to surgical options and bear fewer risks. This trend also underlines consumers' demand for effective yet less invasive solutions.
  • AI and Machine Learning: The most important application of AI is taken to diagnostics and planning in order to enhance the precision for aesthetic procedures; the machine learning algorithms help predict the treatment outcomes in the view of optimization of the procedure to more effective and personalized treatment.
  • Growth of Home-Based Equipment: Advances in aesthetic home-based devices of high quality make LED light therapy, or microdermabrasion, for example, performed on one's self within the comfort and privacy of their own home. Such a trend is underlined by a growth in convenience-seeking and self-care, enabled by technology.
  • Well-being and Preventative Care: There is an increasing focus on marrying aesthetic treatments with overall wellness strategies. In this trend, preventative care ranges from skincare regimens to changes in lifestyle for long-term beauty and health.
Trends toward personalized, accessible, and non-invasive treatments continue to transform the Medical Aesthetics market. This reflects a more general trend in the integration of technology and wellness into aesthetic treatment to ensure effectiveness and comfort for the patient.

Recent Developments in the Medical Aesthetics Market

Innovations, dynamic change of consumer needs, and re-evaluation of regulatory matters push the Medical Aesthetics market toward great transformation. Such development has set a new benchmark for aesthetic treatments and shaped the landscape accordingly.
  • Aesthetic Devices Advancement: Innovation in lasers, radiofrequency, and ultrasound has been continuously improving aesthetic procedures for efficacy and safety. Multiple modality innovative devices ensure combined treatment possibilities for improved outcomes and patient satisfaction.
  • Regulatory Changes and Standards: Stricter regulations with higher standards for safety and efficacy have been inculcated into laws globally. The changes have been targeted to make sure that products and procedures pass through tough quality controls, gaining the trust of both consumers and the industry.
  • Digital Platforms and Rise of Telemedicine: The use of telemedicine integrated into digital platforms really changes the nature of how aesthetic consultations and follow-ups are being done. Virtual consultations and remote monitoring allow much more convenience and access to care in general, and in particular in areas of shortages.
  • More Emphasis on Holistic Treatments: The treatments applied for aesthetics are increasingly being considered alongside wellness practices. Skincare, nutrition, and lifestyle all come into a holistic view of aesthetics, reflecting an ever-stronger connection between beauty and health.
  • Market Development: Medical aesthetics have entered economies with higher disposable incomes and more sensitivity towards beauty. The development in the market is propelled by increasing demand for high-order treatments and the permeation of aesthetic care.
These developments are driving growth and innovation in the Medical Aesthetics market. This reflects a movement toward more advanced, controlled holistic approaches to aesthetic care, driving changes at both the consumer and industrial levels.

Strategic Growth Opportunities for Medical Aesthetics Market

The various applications of medical aesthetics present it with a wide number of avenues for product growth. Their identification and capitalization lead to market creation and innovation, aiding changed consumer need fulfillment, and capitalizing on new technological gains.
  • Body Contouring Non-Surgically: Such is the demand for non-invasive procedures in the field of body contouring, fat freezing, and radiofrequency treatment-all growing activities-present a whole significant quantum of growth opportunities. The associated relevant procedures ensure high functionality in fat reduction with very low downtime, meshing customer aspirations.
  • Advanced Skincare Solutions: Innovative skincare treatments, like high-performance serums, personalized skincare regimens, and advanced in-office treatments, create growth opportunities. The sophistication of skincare solutions calls for consciousness regarding anti-aging and healthy skin.
  • Cosmetic Injectables: Cosmetic injectables comprise one of the most popularly used products, including botulinum toxins and dermal fillers. Enhancement in the formulation and techniques pertaining to these factors improves results and safety, hence boosting this segment.
  • Telemedicine and Virtual Consultations: The growth of telemedicine and virtual consultations will bring about rearrangement in the delivery of aesthetic services. Inevitably, this will increase access, convenience, and patient interaction-all the components that lead to wide opportunities for growth.
  • Medical Tourism for Aesthetic Treatments: Cosmetic procedure-related medical tourism is growing across cost-effective regions with quality treatments. This trend is mainly driven by the demand from consumers who seek advanced procedures at competitive pricing.
These strategic growth opportunities are the future direction in which the Medical Aesthetics market is likely to take. By meeting the consumer's needs and by using technology, these listed trends provide a very potential avenue for growth and thereby innovation.

Medical Aesthetics Market Driver and Challenges

The drivers and challenges that mold the Medical Aesthetics market involve, but are not limited to, technological development, economic attributes, and regulatory conditions. The mentioned elements are critical in defining dynamics and influencing trends within the market.

The factors responsible for driving the medical aesthetics market include:

1. Medical Aesthetic Technologies: Advancing continually, medical aesthetics technologies create new laser systems, non-invasive treatments, and integrations of AI. These technologies serve to make procedures more effective and safer, and therefore, the consumer base grows with increased options for treatment.

2. Improved Consumer Demand: With the emphasis on appearance and self-care, increased consumer awareness has led to rising demands for aesthetic treatments, thus helping to drive growth within the marketplace. These factors all interplay in a growing middle class and a rising disposable income globally.

3. Growth of Non-invasive Procedures: A trend in procedures that are less invasive in nature and are taking customers towards lesser downtime and risk. It is also accommodating market opportunities and innovation in less invasive technologies.

4. The Widening Acceptance of Aesthetic Procedures: Changing perceptions about aesthetic surgeries foment a social conviction that aesthetics are part of regular care and continue to spur the market on. Growing acceptance means less stigma, and less stigma in turn translates to more people undergoing aesthetic procedures.

5. Advances in Personalized Medicine: Analytics and AI foster personalized aesthetic treatments, offering solutions for particular needs. This improves patient outcomes and satisfaction, thus driving more demand in the market.

Challenges in the medical aesthetics market are:

1. Regulatory Compliance: Complex and differing regional regulatory environments could be a challenge to comply with. The key to entry into the marketplace and consumer trust is certification of safety and efficacy.

2. High Treatment Costs: Advanced aesthetic treatments are inaccessible to all classes of customers due to their high costs, which could restrain market access and development. Affordability needs to be addressed, and easy financing options must be provided to reach more customers.

3. Competition and Saturation: With the fast evolution of technologies, more players have been coming to the market; hence, the environment has become very competitive. Product differentiation and service differentiation with competitive advantages pose an ongoing challenge for the players in the said market.

Therefore, the Medical Aesthetics market influenced by technological, economic, and regulatory factors. But there are drivers of the market, which is supported by rapid technological development and increasing consumer demand, and on the other hand, problems of regulatory compliance and high treatment costs call for strategic management in order to achieve consolidated success and market expansion.

List of Medical Aesthetics Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical aesthetics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical aesthetics companies profiled in this report include-
  • AbbVie
  • Galderma
  • Merz Pharma
  • El.En.
  • Cutera
  • Venus Concept
  • Lutronic
  • Lumenis
  • Bausch Health Companies
  • Candela Corporation
Medical Aesthetics by Segment

The study includes a forecast for the global medical aesthetics by product, end use, and region.

Medical Aesthetics Market by Product [Analysis by Value from 2018 to 2030]:
  • Facial Aesthetic Products
  • Cosmetic Implants
  • Skin Aesthetic Devices
  • Body Contouring Devices
  • Physician-Dispensed Cosmeceuticals & Skin Lighteners
  • Hair Removal Devices
  • Tattoo Removal Devices
  • Thread Lift Products
  • Physician-Dispensed Eyelash Products
  • Others
Medical Aesthetics Market by End Use [Analysis by Value from 2018 to 2030]:
  • Clinics, Hospitals, and Medical Spas
  • Beauty Centers
  • Home Care Settings
Medical Aesthetics Market by Region [Analysis by Value from 2018 to 2030]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
Country Wise Outlook for the Medical Aesthetics Market

The medical aesthetic market has witnessed various developments lately due to technological innovation, changed consumer preference, and ease of access. These are changing not only the delivery but also the idea of aesthetic procedures across various regions.
  • United States: The U.S. market represents a technological vanguard of treatment with a continued growing awareness toward minimally invasive treatments. Neurotoxin and dermal filler advancements, including the adoption of AI for planning procedures, receive high levels of publicity. Greater uptake of nonsurgical body contouring and bespoke skincare solutions points to a wider trend toward customizable treatments and preventative care.
  • China: An emerging middle class and the rise in spending on beauty products have increased the growth of the medical aesthetic market. New regulations regarding product safety and effectiveness will continue to support market growth through increased consumer confidence. Fast growth has been seen with advanced laser cosmetic procedures and nonsurgical fat reduction treatments.
  • Germany: More modern aesthetic treatments have been adopted in Germany, such as more advanced laser systems and other minimally invasive treatments. There is a trend toward integration into general wellness. Regulations in Germany also continue to be very strict for safety and efficacy among both practitioners and consumers.
  • India: The Indian market has been developing with an increasing boom in demand for aesthetic procedures owing to rising disposable incomes with heightened awareness of beauty. The developments in nonsurgical treatments through high improvements in skin rejuvenation techniques and other affordable laser therapies have accrued popularity among people. There is also medical tourism for cosmetic surgery.
  • Japan: Advanced skincare and anti-aging treatments are the mainstays of this market. Innovations are on sophisticated cosmetic devices and minimally invasive procedures. Skin health and its beauty are very much culturally emphasized, thus there is a demand for both traditional and state-of-the-art aesthetic solutions. and the regulatory frameworks continue to change with new technologies.
Features of the Global Medical Aesthetics Market

Market Size Estimates: Medical aesthetics market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Medical aesthetics market size by product, end use, and region in terms of value ($B).

Regional Analysis: Medical aesthetics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, end uses, and regions for the medical aesthetics market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical aesthetics market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

If you are looking to expand your business in this market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

FAQ

Q.1 What is the medical aesthetics market size?

Answer: The global medical aesthetics market is expected to reach an estimated $29.6 billion by 2030.

Q.2 What is the growth forecast for medical aesthetics market?

Answer: The global medical aesthetics market is expected to grow with a CAGR of 11.2% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the medical aesthetics market?

Answer: The major drivers for this market are the increasing adoption of minimally invasive and noninvasive aesthetic procedures, the growing demand for aesthetic procedures among geriatric individuals, and the rising demand for aesthetic treatments among men.

Q4. What are the major segments for medical aesthetics market?

Answer: The future of the global medical aesthetics market looks promising with opportunities in the clinic, hospital, and medical spas, beauty center, and home care setting markets.

Q5. Who are the key Medical Aesthetics Market companies?

Answer: Some of the key medical aesthetics companies are as follows:
  • AbbVie
  • Galderma
  • Merz Pharma
  • El.En.
  • Cutera
  • Venus Concept
  • Lutronic
  • Lumenis
  • Bausch Health Companies
  • Candela Corporation
Q6. Which medical aesthetics market segment will be the largest in future?

Answer: Lucintel forecasts that facial aesthetic products will remain the largest segment over the forecast period due to the growing patient demand for facial aesthetic treatments, rising disposable income and spending capabilities, and surging geriatric population across the globe.

Q7. In medical aesthetics market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest segment over the forecast period due to the growing number of aesthetic procedures performed, surge in the geriatric population, and favorable government funding for healthcare infrastructure.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the medical aesthetics market by product (facial aesthetic products, cosmetic implants, skin aesthetic devices, body contouring devices, physician-dispensed cosmeceuticals & skin lighteners, hair removal devices, tattoo removal devices, thread lift products, physician-dispensed eyelash products, and others), end use (clinics, hospitals, and medical spas, beauty centers, home care settings), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Medical Aesthetics Market, Medical Aesthetics Market Size, Medical Aesthetics Market Growth, Medical Aesthetics Market Analysis, Medical Aesthetics Market Report, Medical Aesthetics Market Share, Medical Aesthetics Market Trends, Medical Aesthetics Market Forecast, Medical Aesthetics Companies, write Lucintel analyst at email: [email protected]. We will be glad to get back to you soon.

Market Report
1. EXECUTIVE SUMMARY

2. GLOBAL MEDICAL AESTHETICS MARKET : MARKET DYNAMICS

2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2018 TO 2030

3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Medical Aesthetics Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Medical Aesthetics Market by Product
  3.3.1: Facial Aesthetic Products
  3.3.2: Cosmetic Implants
  3.3.3: Skin Aesthetic Devices
  3.3.4: Body Contouring Devices
  3.3.5: Physician-Dispensed Cosmeceuticals & Skin Lighteners
  3.3.6: Hair Removal Devices
  3.3.7: Tattoo Removal Devices
  3.3.8: Thread Lift Products
  3.3.9: Physician-Dispensed Eyelash Products
  3.3.10: Others
3.4: Global Medical Aesthetics Market by End Use
  3.4.1: Clinics, Hospitals, and Medical Spas
  3.4.2: Beauty Centers
  3.4.3: Home Care Settings

4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2018 TO 2030

4.1: Global Medical Aesthetics Market by Region
4.2: North American Medical Aesthetics Market
  4.2.1: North American Medical Aesthetics Market by Product: Facial Aesthetic Products, Cosmetic Implants, Skin Aesthetic Devices, Body Contouring Devices, Physician-Dispensed Cosmeceuticals & Skin Lighteners, Hair Removal Devices, Tattoo Removal Devices, Thread Lift Products, Physician-Dispensed Eyelash Products, and Others
  4.2.2: North American Medical Aesthetics Market by End Use: Clinics, Hospitals, and Medical Spas, Beauty Centers, and Home Care Settings
4.3: European Medical Aesthetics Market
  4.3.1: European Medical Aesthetics Market by Product: Facial Aesthetic Products, Cosmetic Implants, Skin Aesthetic Devices, Body Contouring Devices, Physician-Dispensed Cosmeceuticals & Skin Lighteners, Hair Removal Devices, Tattoo Removal Devices, Thread Lift Products, Physician-Dispensed Eyelash Products, and Others
  4.3.2: European Medical Aesthetics Market by End Use: Clinics, Hospitals, and Medical Spas, Beauty Centers, and Home Care Settings
4.4: APAC Medical Aesthetics Market
  4.4.1: APAC Medical Aesthetics Market by Product: Facial Aesthetic Products, Cosmetic Implants, Skin Aesthetic Devices, Body Contouring Devices, Physician-Dispensed Cosmeceuticals & Skin Lighteners, Hair Removal Devices, Tattoo Removal Devices, Thread Lift Products, Physician-Dispensed Eyelash Products, and Others
  4.4.2: APAC Medical Aesthetics Market by End Use: Clinics, Hospitals, and Medical Spas, Beauty Centers, and Home Care Settings
4.5: ROW Medical Aesthetics Market
  4.5.1: ROW Medical Aesthetics Market by Product: Facial Aesthetic Products, Cosmetic Implants, Skin Aesthetic Devices, Body Contouring Devices, Physician-Dispensed Cosmeceuticals & Skin Lighteners, Hair Removal Devices, Tattoo Removal Devices, Thread Lift Products, Physician-Dispensed Eyelash Products, and Others
  4.5.2: ROW Medical Aesthetics Market by End Use: Clinics, Hospitals, and Medical Spas, Beauty Centers, and Home Care Settings

5. COMPETITOR ANALYSIS

5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS

6.1: Growth Opportunity Analysis
  6.1.1: Growth Opportunities for the Global Medical Aesthetics Market by Product
  6.1.2: Growth Opportunities for the Global Medical Aesthetics Market by End Use
  6.1.3: Growth Opportunities for the Global Medical Aesthetics Market by Region
6.2: Emerging Trends in the Global Medical Aesthetics Market
6.3: Strategic Analysis
  6.3.1: New Product Development
  6.3.2: Capacity Expansion of the Global Medical Aesthetics Market
  6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Medical Aesthetics Market
  6.3.4: Certification and Licensing

7. COMPANY PROFILES OF LEADING PLAYERS

7.1: AbbVie
7.2: Galderma
7.3: Merz Pharma
7.4: El.En.
7.5: Cutera
7.6: Venus Concept
7.7: Lutronic
7.8: Lumenis
7.9: Bausch Health Companies
7.10: Candela Corporation


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