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 aesthetic medicine market report forecasts the aesthetic medicine market size to grow to $91.27 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

Learn More On The Aesthetic Medicine Market Report 2023 – https://www.thebusinessresearchcompany.com/report/aesthetic-medicine-global-market-report

Aesthetic Medicine Market Size Forecast
The global aesthetic medicine market is expected to grow from $56.93 billion in 2022 to $62.8 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. 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 aesthetic medicine market size is expected to grow to $91.27 billion in 2027 at a CAGR of 9.8%.

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

Key Aesthetic Medicine Market Driver ­– Growth In Obese Populations Across The Globe
For instance, in July 2021, according to a European health interview survey on the overweight or obese population in Europe conducted by Eurostat, the statistical office of the European Union, reported that 52.7% of the adult population of Europe was overweight. Therefore, the growing number of obese populations across the globe is expected to drive the growth of the aesthetic medicine market.

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Key Aesthetic Medicine Market Trend – New Product Development For A Wide Spectrum Of Skin Types
Aesthetic medicine companies are focusing on launching new products and solutions to cater to the needs of various skin types and expand their customer reach. These products can be used in the treatment and patient care for a broad spectrum of skin types resulting in a wider application range. For instance, in September 2020, Allergan Aesthetics, an American pharmaceutical company, and Skinbetter Science, a US-based skincare company launched the DREAM initiative (DREAM: Driving Racial Equity in Aesthetic Medicine). This will help in the development of new products for all kinds of racial and ethnic groups so that aesthetic providers can meet the needs of all patients. In addition, in March 2020, Galderma, a Swiss pharmaceutical company announced to make significant investments to grow its aesthetic portfolio, including digital enhancements to ASPIRE Galderma Rewards.

Aesthetic Medicine 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 Procedure Type: Invasive Procedures, Non-Invasive Procedures
3) By End User: Clinics, Hospitals, and Medical Spas, Beauty Centres, Home Care

Aesthetic Medicine Market Major Players and Strategies
Major players in the aesthetic medicine market are Allergan PLC., Alma Lasers, Cutera, Cynosure, Galderma, Galderma Laboratories, Johnson & Johnson, Lumenis, Merz Pharmaceuticals, Solta Medical, AbbVie, Syneron Candela, El.En. S.p.A., Dentsply Sirona Inc., Evolus, Fotona d.o.o., Medytox Inc., GC Aesthetics, Sientra, and Skin Tech Pharma Group.

In May 2020, AbbVie, an American biopharmaceutical company acquired Allergan for USD 63 billion. This acquisition is expected to diversify AbbVie’s portfolio and create cost efficiency in R&D commercialization activities. Allergan is an American developer and manufacturer of aesthetic medicines and other products.

The Aesthetic Medicine Global Market Report 2023 covers regional data on aesthetic medicine market size, aesthetic medicine market trends and drivers, opportunities, strategies, and aesthetic medicine market competitor analysis. The countries covered in the aesthetic medicine 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.

Aesthetic medicine refers to a growing field of medicine that is separate from plastic surgery and offers minimally invasive medical procedures to improve patients’ pleasure with their physical appearance. These elective operations are carried out on healthy adult patients. The medical aesthetic treatments carried out through these aesthetic medicine products include non-invasive lipolysis, hair restoration and removal, cellulite reduction, wrinkle reduction, skin renewal & resurfacing, and others.

View More Reports Related To The Aesthetic Medicine Market –
Non-Invasive Aesthetic Treatment Global Market Report 2023
Medical Aesthetics Global Market Report 2023
Antiemetics And Antinauseants Global Market Report 2023

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