Medical Aesthetics Market

The medical aesthetics market was valued at USD12,376.9 Mn by 2019. A significant rise in the number of elderly population worldwide and a rise in per capita income in the middle-income population together drive the medical aesthetics market growth. According to the latest statistics provided by the International Society for Aesthetic and Plastic Surgery (ISAPS) more than 18 million women had opted to undergo surgical procedures pertaining to body aesthetics.

In the last 2 decades the women have opted for surgical procedures such as breast augmentation, rhinoplasty, and gluteal implants in order to enhance their external body contouring and appearance. On the other hand men are opting for eyelid uplift, liposuction, and gynecomastia. There has been burgeoning demand for non-invasive surgical procedures such as judicious use of hyaluronic acids, botulin toxins, chemical peel and skin surfacing by lasers, etc. Furthermore, 3d technology is being employed for the creation of facial prosthesis. It has proved to be beneficial in achieving an accurate skeletal model of the consumer’s face which also includes reconstructing any facial bone defects. Biomaterials are employed for the creation of molds which ensures an accurate fit. The major restraint pertaining to this market is the frequent product recall, poor reimbursement scenario, and social stigma.

The major segments related to the medical aesthetics market are:

By Product (2017–2027; US$ Mn)

Breast Implant

Body Contouring Aesthetics

Dental Implant

Facial Aesthetics

Laser-Based Aesthetics

Others

By Procedure (2017–2027; US$ Mn)

Invasive Procedure

Non-invasive Procedure

Geography Segment(2017–2027; US$ Mn)

North America

United States
Canada

Europe

United Kingdom
Germany
Rest of Europe

Asia Pacific

China
Japan
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of MEA 

Justification for study?

• The intention of the study is to give a comprehensive outlook of the global medical aesthetics market
• The overall segmentation of the medical aesthetics market, by product, procedure, and geography is minutely studied. Facial aesthetics and non-invasive procedures are dominating the product and procedure segments respectively
• Significant rise in the geriatric population worldwide and the availability of a diverse range of medical aesthetics products together drive the medical aesthetics market
• Increasing demand for minimally invasive surgical procedures further consolidates the market growth 

Report gist?

• The study of the global medical aesthetics market includes qualitative analysis of factors such as drivers, restraints, and opportunities
• The report covers qualitative and quantitative analysis of the overall market segmented on the basis of product and procedure and categorization of the same at geography level
• This research report presents the analysis of each segment from 2017 to 2027 considering 2019 as the base year for the research. CAGR for each respective segments are calculated for the forecast period from 2020 to 2027
• The study includes the profiles of major market players with a significant global and regional presence along with top company positioning

Significant customers?

• This study is suitable for industry participants and stakeholders in the medical device manufacturers engaged in manufacturing and marketing of medical aesthetics which is gaining huge demand owing to increasing demand for minimally invasive procedures and a significant rise in geriatric population
• The report will benefit cosmetic surgeons engaged in conducting invasive and non-invasive procedures
• Managers with financial institutions looking to publish recent and forecasted statistics pertaining to medical aesthetics market
• Financial institutions venture capitalist, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies

Segment Analysis

In the present scenario the facial aesthetics is leading the product segment for the medical aesthetics market. The chief factors supporting its paramount market growth are a significant rise in the elderly population worldwide and the presence of a manifold variety of facial skin products. Lasers are employed for the removal of tissue scarring, moles and hair removal, etc. Body contouring is expected to be the fastest-growing market during the forecast period on account of the significant rise in obesity and increasing demand for breast augmentation, abdominal liposuction and gluteal implants to reconstruct the external appearance and desire to increase self-esteem.

Noninvasive surgical procedures are dominating the procedure segment for the medical aesthetics market. The techniques which are employed are ND: YAG laser for removal of ski scars, facial hairs, and moles, etc. Rhinoplasty surgery, facelift, and dermabrasion are other non-invasive procedures that are widely opted by consumers worldwide. Furthermore 3D technology is being employed for the creation of facial prosthesis. Surgical procedures are training tremendous traction owing to the tremendous attraction among the middle-aged population to opt for breast augmentation, gluteal implants, and liposuction.

North America is spearheading the geography segment for the medical aesthetics market. The major factors contributing to its supreme market growth are the rising prevalence of dental deformities and obesity. Furthermore increasing demand for minimally invasive surgical procedures and domicile of key players such as Allergan, Inc., Galderma S.A., Dentsply Sirona, SculpSure, etc. propel the market growth in the region. Europe is considered as the second-largest market in the geography segment for medical aesthetics market. A significant rise in geriatric population and a supportive regulatory environment provided by the European Medical Agency for the expedited approval of medical aesthetic products will determine the market growth in the region. Asia Pacific is keen to register rampant growth in the near future on account of the rise in per capita income in the middle-income population and constant rise in medical tourism related to cosmetic surgery.