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The medical aesthetics market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 12%, as per The Business Research Company’s market report!

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The Medical Aesthetics Market Size In 2022 And Forecast
The global medical aesthetics market is expected to grow from $8.67 billion in 2021 to $9.82 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The market is expected to grow to $15.63 billion in 2026 at a CAGR of 12.3%.

The medical aesthetics market consists of sales of medical aesthetics by entities (organizations, sole traders, and partnerships) that are used for improving one’s appearance by treating conditions including wrinkles, acne, sunspots, cellulite, scars, undesired hair, spider veins, moles, excess fat, skin discoloration, and ageing signs.

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Growth In Adoption Of Minimally Invasive And Non-Invasive Aesthetic Procedures Is Driving The Growth Of The Medical Aesthetics Market
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.

Competitive Landscape And The Regional Analysis Of The Medical Aesthetics Market
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.

Additionally, as per TBRC’s research – North America was the largest region in the medical aesthetics market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Medical Aesthetics Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the medical aesthetics market.

Adopting Of Robot-Based Surgery – A Key Trend In The Medical Aesthetics Market
Major companies operating in the medical aesthetics market are focused on developing new technological solutions to strengthen their position.

Medical Aesthetics Market Segmentation By The Business Research Company

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

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