The medical aesthetics market is growing significantly, with new products and services being developed and implemented to meet the ever-evolving needs of patients. The global market for medical aesthetics is estimated to reach 23.4 billion by 2027, with a compound annual growth rate (CAGR) of 11.0%.
The medical aesthetics market refers to the industry that produces and sells products and services related to the enhancement and rejuvenation of one's appearance. This can include cosmetic procedures such as Botox injections, dermal fillers, laser hair removal, and chemical peels, as well as devices such as microdermabrasion and ultrasound machines. The market is growing rapidly due to increasing demand for minimally invasive cosmetic procedures, advancements in technology, and the ability to target a wide range of concerns such as wrinkles, acne, and unwanted hair. The industry is expected to continue to grow in the future with the development of new treatments and technologies.
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The growth of the market can be attributed to the increasing demand for minimally invasive aesthetic procedures, growing awareness of the benefits of medical aesthetics and advances in technology. Moreover, the rising prevalence of skin-related disorders, increased aging population, and the growing acceptance of cosmetic interventions are driving the growth of the market.
The medical aesthetics market is segmented into products, treatments, and services. Products include lasers and energy-based devices, injectables, and topical products, among others. Treatments include skin tightening, body shaping, face sculpting, and fillers. Services include medical spas, aesthetic clinics, skin clinics, and online services.
The laser and energy-based devices segment is expected to witness the fastest growth over the forecast period, due to the increasing demand for minimally invasive procedures. Injectables are also expected to experience strong growth, driven by the rising demand for facial rejuvenation and other aesthetic procedures.
The medical aesthetics market is highly competitive, with a large number of players vying for market share. Key players in the market include Allergan, Merz, Johnson Johnson, Galderma, Syneron Candela, Cutera, Lumenis, and Solta Medical, among others. These players are investing heavily in research and development to offer innovative products and services and gain a competitive edge.
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The medical aesthetics market is expected to experience strong growth over the forecast period due to the increasing demand for aesthetic procedures, advances in technology, and growing acceptance of cosmetic interventions. The growing aging population and increasing awareness of the benefits of medical aesthetics will further fuel the growth of the market.
Medical Aesthetics Market Report Segmentation
- Facial Aesthetic Products
- Botulinum toxin
- Derma Fillers
- Microdermabrasion products
- Chemical peels
- Cosmetic Implants
- Breast implants
- Gluteal implants
- Facial implants
- Skin Aesthetic Devices
- Nonsurgical skin tightening devices
- Laser skin resurfacing devices
- Microneedling products
- Light therapy devices
- Body Contouring Devices
- Nonsurgical fat reduction devices
- Cellulite reduction devices
- Liposuction devices
- Physician-Dispensed Cosmeceuticals Skin Lighteners
- Hair Removal Devices
- LASER hair removal devices
- IPL hair removal devices
- Tattoo Removal Devices
- Thread Lift Products
- Physician-Dispensed Eyelash Products
- Nail Treatment laser Devices
By End User
- Clinics, Hospitals, And Medical Spas
- Beauty Centers
- Home Care Settings
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East Africa
- In June 2022, Cynosure launched PicoSure Pro, its latest upgrade to the PicoSure platform
- In October 2020, Cynosure Announced the US and Canadian launch of FlexSure.
- In June 2020, Cynosure launched the Elite iQ Aesthetic Workstation for laser hair removal and skin revitalization in the US, Europe, and Australia.
- In February 2021, Allergan acquired by AbbVie received FDA approval for Botox to treat detrusor hyperactivity in patients five and older.
- In August 2021, Bausch Health Companies Inc. and its Solta Medical business introduced Clear + Brilliant Touch laser in the US.
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