Aesthetic Medicine Market size worth over $24.3bn by 2026

Aesthetic Medicine Market size is set to surpass USD 24.3 billion by 2026, according to a new research report by Global Market Insights, Inc.
 

Aesthetic medicine market growth is due to advancement in technologies, novel product launches as well as rising demand for aesthetic procedures. According to the American Society of Plastic Surgeons report, approximately 80,034 facelift procedures were performed in the U.S. for population aged 55 years and above.

 

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Surge in demand for non-invasive treatments will foster the market growth

Rising awareness regarding their appearance and improving accessibility to aesthetic care facilities will propel the global aesthetic procedural volume. Large obese population base will serve as an opportunity in developed and developing economies. High demand for non-invasive treatments & advanced technologies will further upsurge the market progress. However, high cost of the devices may impede the industry growth during the forthcoming years.
 

Inclination towards non-invasive procedures will serve as an area for growth

Aesthetic Medicine Market

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The non-surgical segment dominated a market share of around 70% in 2019 owing to rising inclination of people towards minimally invasive aesthetic procedures. Additionally, development in technology such as laser-based treatment and minimally invasive visible fat reduction will augment the market demand.
 

Browse key industry insights spread across 170 pages with 240 market data tables & 14 figures & charts from the report, “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” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/aesthetic-medicine-market
 

Growing demand for surgical procedure will escalate the market revenue

The breast aesthetic segment will showcase growth of over 11.6% through 2026, on account of increasing prevalence of breast cancer and growing demand for breast augmentation procedures procedure. Furthermore, rising concerns among youth regarding appearance, especially after pregnancy and considerable weight fluctuations will fuel the market size expansion.
 

Development of advanced technologies will create growth opportunities

Male segment is expected to show considerable CAGR of 12% till 2026. Demand for non-surgical procedures such as botulinum toxin injection and derma fillers and other related facial aesthetics is increasing rapidly among men in the past few years. Development in technology such as skin tone & tighten loosen skin on bow, cool sculpting for fat reduction and other such advanced technologies will boost the adoption of aesthetic procedures among men. Untapped male patient population will serve as an area for growth.
 

Increasing patient footfall in dermatology clinics will pave way for the market expansion

The dermatology clinics end-use segment valuation was more than USD 1.6 billion in 2019attributed to benefits offered by these clinics such as cost-effective procedures, adoption of less invasive procedures as well as short stay. Availability of technologically advanced devices and increasing demand for non-invasive procedures will favor the market growth. Presence of trained and skilled healthcare professionals will escalate the number for aesthetic surgeries being performed in dermatology clinics. 
 

Various key factor will offer several opportunities for APAC market revenue growth

Asia Pacific aesthetic medicine market size will expand at 12.8% CAGR from 2020 to 2026 impelled by rising prevalence of obesity and increasing trends in female for skin rejuvenation and facial appearance across the region. Rising medical tourism, increasing consumer knowledge and interest in procedures will significantly drive the market growth. Aggressive marketing by leading U.S. and European companies in Asia and strong local economies are some of the key factors driving the market in the region. In addition to that, development in healthcare infrastructure, increasing healthcare spending and growing disposable income will boost the regional growth.
 

Adoption of inorganic growth strategies to strengthen company’s aesthetic product portfolio as well as geographic outreach

The eminent players operating in the market include Alma Lasers, Allergan, Johnson & Johnson, Galderma, Lumenis, Cynosure and Cutera among others. These industry players focus on strategies such as partnerships, acquisitions, mergers, and innovative product development to garner more revenue and sustain market competition.
 

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