Aesthetic Medicine Market Size To Reach USD 143.3 Billion By 2030



Aesthetic Medicine Market Growth & Trends

The global aesthetic medicine market size is expected to reach USD 143.3 billion by 2030, growing at a CAGR of 8.3% over the forecast period, according to a new report by Grand View Research, Inc. According to the International Association for Physicians in Aesthetic Medicine (IAPAM), aesthetic medicine is a branch of medicine focused on satisfying the aesthetic desires and goals of patients. The major aim of aesthetic medicine is to improve the physical appearance of the patient. Some key drivers of the market include the introduction of innovative aesthetic devices, such as non-invasive aesthetic devices, a growing focus on physical appearance, and a rise in adoption among geriatric individuals.

Aesthetic medicine mainly includes invasive and non-invasive procedures. Invasive procedures include breast augmentation, liposuction, and nose reshaping while non-invasive procedures include popular technology, such as Botox injections, soft tissue fillers, and chemical peel. A rise in the number of obesity cases in the US has propelled the demand for aesthetic treatments in the country. In the Asia Pacific region, the rise in income levels in countries, such as China and India, is expected to create lucrative opportunities for the market. The region is also backed by South Korea, which is the hub of cosmetic surgeries.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/medical-aesthetics-market

Aesthetic Medicine Market Report Highlights

  • The non-invasive procedures segment is projected to dominate the industry throughout the forecast period owing to quicker and more accurate results of these procedures along with ease of usage compared to invasive procedures
  • Breast augmentation and liposuction are among the fastest-growing sub-segments under the invasive procedures segment over the forecast years
  • Asia Pacific is projected to be the fastest-growing region with a CAGR of 16.5% during the forecast period
  • Countries, such as South Korea and India, are expected to serve as key revenue pockets

Regional Insights

In 2023, North America accounted for the largest share of 41.66% of the global aesthetic medicine market revenue. Advanced healthcare infrastructure, high adoption of cosmetic procedures, increasing prevalence of skin disorders, and the presence of several certified & skilled cosmetic surgeons in the region are some of the major factors contributing to the growth of the regional market.

Key Aesthetic Medicine Company Insights

Some of the key players operating in the market include AbbVie; Cynosure; Evolus Inc.; Revance Therapeutics, Inc; Galderma; Lumenis; Solta Medical; Syneron Candela; Alma Laser.

AbbVie is a global pharmaceutical company that focuses on the development of advanced therapies in multiple therapeutic areas. AbbVie's diverse portfolio includes medications for conditions such as rheumatoid arthritis, cancer, hepatitis C, and Parkinson's disease. AbbVie is committed to advancing science and innovation to address unmet medical needs and improve patient outcomes. With a diverse portfolio and a focus on research and development.

Alma Lasers is a global medical and aesthetic device company that specializes in the development and manufacturing of laser, light-based, and radiofrequency devices for various medical and cosmetic applications. Alma Lasers has gained recognition for its innovative technologies used in dermatology, plastic surgery, aesthetics, and other medical specialties. The company's product portfolio includes devices for skin rejuvenation, hair removal, tattoo removal, and body contouring. Alma Lasers is known for its commitment to advancing non-invasive and minimally invasive solutions, catering to the growing demand for aesthetic and medical procedures with reduced downtime.

The global market is highly fragmented with many local players competing with international players. However, the strict regulatory approval process is challenging the entry of new products into the market. Primary parameters affecting the competitive nature are the rapid adoption of advanced devices for improved treatment and technological advancement. Leading players are adopting various strategies, such as mergers & acquisitions, to retain their industry share and position. For instance,

In December 2021, Allergen Aesthetics, part of AbbVie, acquired a medical technology company, Soliton, Inc. This acquisition helped strengthen its portfolio of non-invasive body contouring treatments

In September 2020, Allergan Aesthetics, part of AbbVie and Skinbetter Science, announced the launch of a new educational partnership DREAM: Driving Racial Equity in Aesthetic Medicine initiative. The Dream Initiative™ is committed to advancing the principles of racial and ethnic diversity, inclusion, respect, and understanding in the fields of plastic surgery and dermatology

In March 2020, Galderma announced a significant investment in its aesthetic portfolio including expansion of U.S. salesforce and digital advancements in ASPIRE Galderma Rewards. Such investments have strengthened its position in the medical aesthetics market

Aesthetic Medicine Market Segmentation

Grand View Research has segmented the global aesthetic medicine market on the basis of procedure type, and region:

Aesthetic Medicine Procedure Outlook (Revenue, USD Million, 2018 - 2030)

  • Invasive Procedures
    • Breast augmentation
    • Liposuction
    • Nose reshaping
    • Eyelid Surgery
    • Tummy tuck
    • Others
  • Non-invasive Procedures
    • Botox injections
    • Soft tissue fillers
    • Chemical peel
    • Laser hair removal
    • Microdermabrasion
    • Others

Aesthetic Medicine Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Denmark
    • Sweden
    • Norway
  • Asia Pacific
    • India
    • Japan
    • China
    • Australia
    • South Korea
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

List of Key Players in the Aesthetic Medicine Market

  • The Cosmetic Clinic
  • Therapie Clinic /Valterous Limited.
  • SKINovative
  • Shea Aesthetic Clinic
  • Rejuv Medical
  • BSL Clinic
  • Cutis Medical Laser Clinics
  • Grand Plastic Surgery

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/medical-aesthetics-market

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