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Aesthetic Medicine Market 2020 By Regional Trend & Growth Forecast To 2026

Author : Ronak Bora | Published Date : 2020-09-02 

Aesthetic Medicine Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Aesthetic medicine is a branch of medicine that aims at fulfilling the aesthetic needs and desires of patients through the treatment of skin conditions including wrinkles, scars, excess fat, liver spots, skin laxity, cellulite, moles, spider veins, skin discoloration, and unwanted hair. The escalating adoption of minimally invasive surgeries or non-invasive procedures and rising aesthetic goals of consumers will positively influence aesthetic medicine demand in the coming years.

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The American family of Physician Journal has stated that the botulinum toxin injection that is thoroughly used for treating facial wrinkles has gained substantial prevalence in the U.S. As per GMI, global aesthetic medicine market size is anticipated to reach over US$24.3 billion by 2026 with regard to annual remunerations.

Impact of non-surgical procedures and obesity

The aesthetic treatments are categorized into non-surgical and surgical procedures. The most common aesthetic treatments such as liposuction and nose reshaping come under surgical procedures and the segment accounted for nearly 28% of total market share. Due to rising concerns among people regarding their physical appearance, the demand for liposuction procedures has substantially increased.

As per the American Society of Plastic Surgeons, with over 258,000 procedures performed within a year, liposuction was among the top five cosmetic procedures in 2018. Also, the growing trend of body contouring surgery and weight loss surgeries are some prevailing factors augmenting the market for aesthetic procedures.

Based on product classification, the market is categorized into body contouring devices, facial aesthetic, hair removal devices, tattoo removal devices, and breast aesthetics. Reportedly, the body contouring devices segment held a significant revenue share of 32.1% in 2019. Also, the escalating number of aesthetic treatments including liposuctions and other body extremity surgeries will further consolidate aesthetic medicine market dynamics. 

Rising preference among middle-aged female population

With the escalating trend to appear young, especially among middle-aged women, the female segment is anticipated to maintain its dominance in the market. Reportedly, the females accounted for a considerable revenue of nearly US$9.7 billion for aesthetic medicine market in 2019. By going through facial injectables and botulinum toxin procedures, aging signs can be reduced drastically.

Based on the end-user segment, the market is bifurcated into the ambulatory surgical segment, hospitals, beauty centers, and medical spa, home settings, and dermatology clinics. The benefits associated with medical spa and beauty centers such as relaxation and de-stress techniques will boost segmental growth in the coming years.

Many female customers prefer these facilities to undergo aesthetic treatments. With the rising number of aesthetic surgeries performed across the globe and technological advancement in medical procedures and equipment, the global beauty centers and spa segment is projected to observe significant growth of 11.6% CAGR up to 2026.

Geographically, the Europe aesthetic medicine market is expected to grow at a substantial rate over the coming years due to the aging demographics in the region. The growing geriatric population is leading to the increasing use of aesthetic devices. In addition, accessibility to latest products and technologies coupled with increasing social awareness would drive the regional market size further. Germany has witnessed an upsurge in the number of non-surgical procedures over the recent years. In fact, as per the International Society of Aesthetic Plastic Surgery, in 2018, about 58% of aesthetic procedures conducted in Germany were non-surgical in nature. Moreover, easy availability of skilled plastic surgeons in the region would drive the number of aesthetic surgeries performed in the country, supplementing the regional market size.

Several market players are implementing strategies like acquisitions, product launches, and collaborations to gain a competitive edge and stake a bigger claim to the industry landscape. Taking June 2020 for instance, Cynosure, a US-based aesthetics company reportedly announced the launch of its Elite iQ platform across the U.S., Australia, and Europe. The platform is the next generation of Cynosure’s Elite+™ Aesthetic Workstation, which enables faster treatments along with a higher max energy when compared to prior generation devices.

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/aesthetic-medicine-market

Partial Chapter of the Table of Content 

Chapter 4.    Aesthetic Medicine Market, By Type

4.1. Key segment trends

4.2. Surgical procedures

4.2.1.    Market size, by region, 2015 - 2026 (USD Million)

4.3. Non-surgical procedures

4.3.1.    Market size, by region, 2015 - 2026 (USD Million)

Chapter 5.    Aesthetic Medicine Market, By Product

5.1. Key segment trends

5.2. Facial aesthetics

5.2.1.    Market size, by region, 2015 - 2026 (USD Million)

5.2.2.    Injectables

5.2.2.1. Market size, by region, 2015 - 2026 (USD Million)

5.2.3.    Skin rejuvenation

5.2.3.1. Market size, by region, 2015 - 2026 (USD Million)

5.2.4.    Others

5.2.4.1. Market size, by region, 2015 - 2026 (USD Million)

5.3. Breast aesthetics

5.3.1.    Market size, by region, 2015 - 2026 (USD Million)

5.4. Body contouring devices

5.4.1.    Market size, by region, 2015 - 2026 (USD Million)

5.5. Hair removal devices

5.5.1.    Market size, by region, 2015 - 2026 (USD Million)

5.6. Tattoo removal devices

5.6.1.    Market size, by region, 2015 - 2026 (USD Million)

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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