Report : Medical Aesthetics Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Facial Aesthetic Products, Cosmetic Implants, Body Contouring Devices, Skin Aesthetic Devices, Hair Removal Devices, Tattoo Removal Devices, Others); Application (Facial and Body Contouring, Facial and Skin Rejuvenation, Breast Augmentation, Hair Removal, Reconstructive Surgery, Tattoo Removal, and Others); End User (Hospitals, Dermatology Clinics, Medical Spas and Beauty Centers, and Home Care)
Facial Aesthetic Products Segment to Hold Largest Share of Medical Aesthetics Market During 2021–2028
According to our latest study on “Medical Aesthetics Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, and End User,” the market is projected to reach US$ 2,029.71 16,034.87 million by 2028 from US$ 7,039.06 million in 2021; it is expected to grow at a CAGR of 12.5% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market.
Over the past two decades, there has been an unprecedented surge in the popularity of elective aesthetic procedures. Moreover, there is an increasing demand for less invasive aesthetic procedures such as dermal fillings and botulinum toxin A (BoNTA). The global statistics of the International Society of Aesthetic Plastic Surgery indicates the rise in the aesthetic applications of BoNTA and dermal filling implants by 7% and 18%, respectively, during 2015–2016. Nonsurgical facial rejuvenation using botulinum toxin and hyaluronic acid has become highly popular in the Middle East and other parts of the world in the last 10 years. The correction of facial rhythm and loss of volume is the basic principle of aesthetic rejuvenation of the face. Botulinum toxin injections are primarily indicated to correct dynamic rhytides, while dermal fillers aim to increase volume and improve static rhytides. Botulinum toxin, a powerful neurotoxin, causes chemodenervation of muscles. Dermal fillers is a non-energy-based procedure that adds volume and fullness to a person's skin. The cost efficiency and increasing aging population are the key factors driving the demand for dermal fillers.
Based on application, the medical aesthetics market is segmented facial and body contouring, facial and skin rejuvenation, breast augmentation, hair removal, reconstructive surgery, tattoo removal, and others. In 2021, the facial and body contouring segment would hold the largest share of the market and is expected to register the highest CAGR in the market during 2021–2028.
ALLERGAN, Hologic Inc., Mentor Worldwide LLC, Lumenis, Cutera, Solta Medical (Bausch Health Companies Inc.), Alma Lasers, Galderma Laboratories (Nestle), Sientra, Inc.; and EL.EN. S.P.A. are among the leading companies operating in the medical aesthetics market.
Report Segments Medical Aesthetics Market as Follows:
The medical aesthetics market is segmented on the bases of product, application, and end user. Based on product, the market is further segmented into facial aesthetic products, cosmetic implants, body contouring devices, skin aesthetic devices, hair removal devices, tattoo removal devices, and others. Based on application, the market is segmented into facial and body contouring, facial and skin rejuvenation, breast augmentation, hair removal, reconstructive surgery, tattoo removal, and others. Based on end user, the market is segmented into hospitals, dermatology clinics, medical spas and beauty centers, and home care. On the basis of geography, the medical aesthetics market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Spain, and Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and Rest of APAC), Middle East & Africa (Saudi Arabia, South Africa, the UAE, and Rest of MEA), and South and Central America (Brazil, Argentina, and Rest of SCAM