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Aesthetic Medicine Market Trends

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

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Aesthetic Medicine Market Trends

The aesthetic medicine industry is anticipated to foresee unprecedented growth with high adoption of advanced technologies to cater to growing customer needs. With change in lifestyle and increasing consumption of alcohol, smoking and reduced physical activities, the population is suffering from various disorders including obesity. In addition, there is rising body image consciousness among the young population. These factors considerably drive the demand for body contouring and skin tightening procedures. Along with awareness, supportive government initiatives and funding research in the field will stimulate the industry growth potential.

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.