The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s medical aesthetics market report forecasts the medical aesthetics market size to grow to $17.88 Billion by 2027, with a CAGR (compound annual growth rate) of more than 12%.

Learn More On The Medical Aesthetics Market Report 2023 – https://www.thebusinessresearchcompany.com/report/medical-aesthetics-global-market-report

Medical Aesthetics Market Size Forecast
The global medical aesthetics market is expected to grow from $9.88 billion in 2022 to $11.19 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical aesthetics market size is expected to grow to $17.88 billion in 2027 at a CAGR of 12.4%.

North America held the largest medical aesthetics market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Medical Aesthetics Market Driver ­– Growth In Adoption Of Minimally Invasive And Non-Invasive Aesthetic Procedures
For instance, in December 2021, according to Botox Statistics, a US-based society of plastic surgeons’ data, the average annual rate of Botox injections climbed by about 459% in 2020 since its inception. Every year, 4-5 million people receive Botox. In 2020, there were 44,101 Botox procedures performed, with each treatment costing between $1.3 billion and $2.6 billion. Therefore, the growing adoption of minimally invasive and non-invasive aesthetic procedures is driving the medical aesthetics market.

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Key Medical Aesthetics Market Trend – Adopting Robot-Based Surgery
Major companies operating in the medical aesthetics market are focused on developing new technological solutions to strengthen their position. For instance, in November 2021, Smith-Nephew, a UK-based manufacturing company that operates in medical aesthetics, launched CORI, a surgical tool using robotic technology. It is an advanced handheld robotic used in total and partial knee arthroplasties. It is the first technology to place the surgeon in the digital operating room and is a compact mobile solution incorporating an advanced robotic sculpting tool with a 3-D intraoperative imaging system. Patients get less painful treatment with fewer revisions required and thus have greater satisfaction post-surgery.

Medical Aesthetics Market Segment
1) By Product: Facial Aesthetic Products, Body Contouring Devices, Cosmetic Implants, Hair Removal Devices, Skin Aesthetic Devices, Tattoo Removal Devices, Thread Lift Products, Physician-dispensed Cosmeceuticals and Skin Lighteners, Physician-dispensed Eyelash Products, Nail Treatment Laser Devices
2) By Technology: Invasive, Non-Invasive, Minimally Invasive, Other Technologies
3) By Distribution Channel: Direct Tender, Retail
4) By Application: Anti-Aging and Wrinkles, Facial and Skin Rejuvenation, Breast Enhancement, Body Shaping and Cellulite, Tattoo Removal, Vascular Lesions, Psoriasis and Vitiligo, Other Applications
5) By End User: Clinics, Hospitals, and Medical Spas, Beauty Centers, Home Care

Medical Aesthetics Market Major Players and Strategies
Major players in the medical aesthetics market are AbbVie Inc., Medytox Inc., Galderma S.A., Alma Lasers Ltd., Merz Pharma GmbH and Co KGaA, Cynosure LLC, Fotona d.o.o., Anika Therapeutics Inc., Johnson & Johnson, Cutera Inc., Solta Medical International Inc., Quanta System SpA, Sisram Medical Ltd., SharpLight Technologies Inc., and Revance Therapeutics Inc.

In May 2022, Crown Laboratories, a US-based global skincare company, acquired Eclipse Med Corp. LLC for an undisclosed amount. This acquisition would expand the Crown’s aesthetics portfolio and the Crown’s overall value proposition globally. It would also help in accomplishing Crown’s mission to drive innovation and provide superior products and services to customers. Eclipse Med Corp. LLC is a US-based company operating in medical aesthetics.

The Medical Aesthetics Global Market Report 2023 covers regional data on medical aesthetics market size, medical aesthetics market trends and drivers, opportunities, strategies, and medical aesthetics market competitor analysis. The countries covered in the medical aesthetics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Medical aesthetics refers to the umbrella term for several medically guided cosmetic procedures. Treatment options include laser procedures, wrinkle-reduction procedures, fillers, chemical peels, and hair transplants.

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