Aesthetic Medicine Market Size By Type (Surgical Procedures, Non-surgical Procedures), By Product (Facial Aesthetic {Injectables, Skin Rejuvenation}, Breast Aesthetics, Body Contouring Devices, Hair Removal Devices, Tattoo Removal Devices), By Gender (Male {<18, 19-34, 35-50, 51-64, >65}, Female {<18, 19-34, 35-50, 51-64, >65}), By End-use (Hospitals, Ambulatory Surgical Centers, Beauty Centers & Medical Spas, Dermatology Clinics, Home Settings), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jul 2020  |  Report ID: GMI2687  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 240   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry trends

Aesthetic Medicine Market size valued at USD 12.1 Billion in 2019 and is expected to witness more than 11% CAGR from 2020 to 2026.
 

Increasing aesthetic consciousness along with rise in number of non-invasive aesthetic procedures will augment the aesthetic medicine market. Furthermore, technological advancements in aesthetic medicine devices will boost its adoption rate across the world. Growing consciousness amongst individuals regarding their appearance is another major factor driving the industry growth.
 

Aesthetic Medicine Market
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Developments in non-surgical and surgical procedures will influence the aesthetic medicine market growth. Accessibility of technologically advanced aesthetic devices that are timesaving, minimally invasive and offer effective treatments will increase the product adoption. Additionally, market players focusing on R&D investments will lead to innovations in aesthetic medicines, thereby supplementing the industry demand. However, high cost of the device and stringent regulatory scenario may hinder the market growth.
 

Aesthetic Medicine Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 12.1 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 11.0% 2026 Value Projection: 24.3 billion (USD)
Pages: 240 Tables, Charts & Figures: 184
Geographies covered (16): U.S., Canada, Germany, UK, France, Spain, Italy, China, Japan, India, Australia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia
Segments covered: Type, Product, Gender, End-use and Region
Companies covered (11): Allergan, Alma Laser, Cynosure, Galderma, Lumenis, Johnson & Johnson, Merz Aesthetic, PhotoMedex, Syneron Medical, Valeant International, Zeltiq Aesthetic
Growth Drivers:
  • Increasing awareness regarding aesthetic procedures
  • Technological advancement associated with medical aesthetic devices
  • Rising prevalence of obesity worldwide
  • Increasing adoption of non-invasive procedures
Pitfalls & Challenges:
  • High cost associated with aesthetic procedures
  • Lack of reimbursement and stringent regulatory scenario

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Adoption of facial surgeries along with increasing obese population will stimulate the surgical procedure segment growth

The surgical procedure segment revenue was around USD 3.5 billion in 2019 due to increasing adoption of facial surgeries such as nose surgery, eyelid surgery, facelift, and neck lift across the world. Furthermore, increasing obese population will upsurge the fat reduction surgeries such as labiaplasty liposuction and surgeries of other body extremities. Increasing affordability and advanced healthcare infrastructure coupled with increasing awareness among people regarding aesthetic medicine procedures will stimulate the segment growth.
 

Increasing demand for facial procedures will boost the market growth

The facial aesthetic medicine market accounted for revenue share of 44% in 2019 and will show similar trend throughout the forecast period. Demand for nose surgery, eyelid surgery and other facial procedures has increased in past few years due to growing influence of aesthetic medicine. For instance, according to the American Society of Plastic Surgeons, over 13,058 blepharoplasty procedures and nearly 50,471 rhinoplasty procedures were performed in women between 30-39 years of age in 2018. Increasing adoption of such aesthetic medicine procedures will boost the industry growth during the forthcoming years.
 

Rising trends in middle-aged women to stay young will drive the segment revenue

Aesthetic Medicine Market

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Female aesthetic medicine market size crossed USD 9.7 billion in 2019 owing to rising trends in females for skin rejuvenation at middle-age. Signs of aging such as forehead lines, frown lines and crow’s feet among others can be reduced by performing aesthetic medicine procedures.
 

High demand for surgeries being performed in hospitals will upsurge the aesthetic medicine market value

Hospitals end-use segment held more than 33% market share in 2019 attributed to availability of advanced devices and technologies in hospital settings. Presence of trained and skilled healthcare professionals will further propel the number of surgeries being performed in the hospitals. Increasing prevalence of obesity will thus boost the demand of aesthetic treatments.
 

Increasing number of aesthetic procedures will fuel the North America market demand

Aesthetic Medicine Market

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North America aesthetic medicine market revenue exceeded USD 5 billion in 2019 and is anticipated to register substantial growth through 2026. Availability of technologically advanced procedures, inclination of people towards non-invasive procedures and growing awareness regarding their appearance are the key factors that will boost the North American market share.
 

Moreover, smoking and alcohol consumption, sedentary lifestyle as well as other factors leading to obesity will increase the demand for body contouring procedures. Existence of major industry players in the region as well as increase in R&D investment leading to technological advancement will further accelerate the market growth in the region.
 

Adoption of inorganic growth strategies to create a global footprint will pave growth opportunities for companies operating in the market

Prominent players operating in the aesthetic medicine market include Alma Lasers, Allergan, Johnson & Johnson, Galderma, Lumenis, Cynosure and Cutera among others. These market players majorly concentrate on various strategies including mergers & acquisition, product launch & approval and partnerships to sustain market competition.
 

Some of the recent industry developments:

  • In June 2020, Cynosure launched Elite iQ platform in U.S., Europe and in Australia. This platform is the next generation of Elite+ aesthetic workstation, that offers customized laser hair removal treatment and permanently reduce unwanted hair. This launch is expected to expand its business portfolio as well as broaden its customer base and strengthen its market position.
     
  • In April 2017, Allergan acquired ZELTIQ Aesthetic, a medical technology company. The acquisition helped Allergan to expand its aesthetic medicine portfolio with ZELTIQ’s body contouring products and establish a leading industry position.
     

The aesthetic medicine market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:

Market, By Type

  • Surgical procedure
  • Non-surgical procedure

Market, By Product

  • Facial aesthetic
    • Injectables
    • Skin rejuvenation products
    • Others
  • Breast aesthetic
  • Body contouring devices
  • Hair removal devices
  • Tattoo removal devices

Market, By Gender

  • Male
    • 18 years and below
    • 19 - 34 years
    • 35 – 50 years
    • 51 - 64 years
    • 65 years and above
  • Female
    • 18 years and below
    • 19 - 34 years
    • 35 – 50 years
    • 51 - 64 years
    • 65 years and above

Market, By End-use

  • Hospitals
  • Ambulatory surgical centers
  • Beauty centers & medical spas
  • Dermatology clinics
  • Home settings

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Others

 

Frequently Asked Questions (FAQ) :

The market size of aesthetic medicine valued at USD 12.1 Billion in 2019.
The industry share of aesthetic medicine is expected to witness more than 11% CAGR from 2020 to 2026.
The surgical procedure segment in market was valued at USD 3.5 billion in 2019, with increased disposable income and rising demand for facial surgeries, labiaplasty liposuction, and others.
Owing to increased preference for skin rejuvenation among middle-aged women to address issues like frown lines, forehead lines and crow’s feet, the female segment was pegged at USD 9.7 billion in 2019.
Availability of skilled professionals, advanced devices and therapies will drive the demand for aesthetic surgeries across the hospital segment, which accounted for 33% of the industry share in 2019.
The market for aesthetic medicines in North America stood at USD 5 billion in 2019, due to the presence of technology advanced solutions, demand for non-invasive surgeries and higher prevalence of obesity.
Major companies in market worldwide include Johnson & Johnson, Allergan, Alma Lasers, Cutera, Cynosure, Lumenis and Galderma.

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Premium Report Details

  • Published Date: Jul 2020
  • Pages: 240
  • Tables: 170
  • Charts / Figures: 14
  • Companies covered: 11
  • Countries covered: 16

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