Home > Healthcare > Medical Services > Surgical Services > Aesthetic Medicine Market

Aesthetic Medicine Market Size

Report ID: GMI2687
Published Date: Apr 2023
Report Format: PDF

Download Free Sample

Aesthetic Medicine Market Size

Aesthetic Medicine Market size surpassed USD 16.75 billion in 2022 and is projected to register over 11.8% CAGR between 2023 and 2032. Growing awareness amongst the healthcare professionals and patients regarding the benefits of aesthetic medicine has positively impacted the market growth. Advancements in surgical and non-surgical aesthetic procedures will also act as primary driver for industry expansion

To get key market trends

Download Free Sample

Growing inclination towards physical appearance to look young and fit has driven the demand for aesthetic treatment in the developing economies. Aesthetic procedures such as nose reshaping, liposuction, and botulinum toxin injections, that add aesthetic value with minimal invasion, are gaining consumer interest in developing countries. Moreover, collaborative strategies of companies for research and development and rising awareness among population regarding aesthetic medicine will further boost the market growth.

Aesthetic medicine mainly focuses on altering cosmetic appearance of the person as per their desire. It is widely conducted to treat conditions such as excess fat, scars, skin discoloration, moles, skin laxity, and wrinkles among others. Aesthetic medicine includes wide range of invasive, minimally invasive and non-invasive cosmetic procedures.

Increasing awareness and demand for minimally invasive surgeries will stimulate the industry growth potential in nearby future. Owing to benefits such as reduced risk of infection and relatively less time-consumption with better outcomes are the factors that drive the patient preference for these procedures. Furthermore, technological advancements in aesthetic medicine offers effective solutions for minimally invasive procedures. With continuous developments in the technology towards non-invasive and minimally invasive technology, the aesthetic medicine market is anticipated to foresee unprecedented growth over analysis period. However, due to COVID-19 pandemic, in order to restrict the spread of this contagious disease, government imposed strict lockdown and halt on non-emergency medical procedures. Thus, the industry has experienced moderate impact of coronavirus outbreak and witness gradual recovery with declining prevalence of COVID-19.

Aesthetic Medicine Market Report Attributes
Report Attribute	Details
Base Year:	2022
Aesthetic Medicine Market Size in 2022:	USD 16.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	18.5%
2032 Value Projection:	USD 61 Billion
Historical Data for:	2018 to 2022
No. of Pages:	201
Tables, Charts & Figures:	486
Segments covered:	Type, Product, Gender, End-use, and Region
Growth Drivers:	Increasing awareness regarding aesthetic procedures Technological advancements 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

Learn more about the key segments shaping this market

Download Free Sample

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market for aesthetic medicine was valued at more than USD 16.5 billion in 2022 and is set to progress at over 18.5% CAGR over the next 10 years owing to the mounting popularity of aesthetic procedures due to prevalent beauty standards and surging patient demand for non-invasive procedures.

Ambulatory surgical centers segment is anticipated to expand at a 19.5% CAGR over 2023-2032 due to soaring patient preference for shorter stays, cost-effective procedures, and reduced risk of hospital-acquired infections in these facilities.

Non-energy-based segment was valued at more than USD 12.5 billion in 2022 as a result of ongoing technological advancements in non-energy-based medical aesthetic devices intended to offer convenient, effective, and less invasive treatments.

Asia Pacific aesthetic medicine market is projected to reach more than USD 13.5 billion by 2032 as a result of increasing awareness regarding improving beauty standards in the APAC region.