Aesthetic Medicine Market by Procedure (Invasive Procedure and Non-invasive Procedure), Gender (Male and Female), End User (Clinics, Hospitals, and Medical Spas, Beauty Centers, and Home Care): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026782 | Pages: 100 | Industry: Medical Device | Date: Oct 2022 | Type: Global

The market crossed US$ 117.22 billion mark in 2022 and is expected to hit US$ 402.44 billion by 2030, recording a CAGR of 16.7% during the forecast period. 

Medical Aesthetic Procedure thrive among Ageing Population

According to the American Society of Plastic Surgeons 2022 report, older men and women choose to undergo cosmetic procedures for safety and minimal complications. For records, among the US population, numerous men and women aged 65 years and older opt for cosmetic enhancement procedures. Additionally, elderly patients undergo more facial procedures as compared to the younger population, accounting for almost 62.9% to 12%, respectively.

Cosmetic Surgical Procedure

Age 70 and over

2020 total

Age 70 and over

% of total procedures

Age 70 and over

% change 2020 vs 2019

Breast Augmentation

1,612

1%

-31%

Buttock Augmentation with fat grafting

1,157

5%

----

Nose Reshaping

4,774

1%

-3%

Liposuction

3,165

1%

-19%

Source: American society of Plastic Surgeons 2020

Key Takeaways:

The American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS) 2022 report states that despite the pandemic, 2021 will witness accelerating demand for facial plastic surgery and aesthetic procedures as in-person events and face-to-face socialization. For records, the total number of surgical and non-surgical facial plastic surgery treatments has grown exponentially, with an estimated 1.4 million surgical and non-surgical procedures. Also, plastic surgeons performed an average of 600 more procedures as compared to 2020, accounting for a 40% increase. Additionally, lip lifts accounted a 70% of surgeries, and top procedures performed majorly on women include neurotoxins (63%), fillers (57%), and rhinoplasty (62%). Among males, the top procedures include rhinoplasty (79%), neurotoxins (58%), and blepharoplasty (42%). Such aforementioned factors support the overall market growth of the biomarkers market during the forecast period of 2022-2028.

Market Segmentation

Within the report, the market is segmented into procedure, gender, and end user, and geography. On the basis of procedure, the market is bifurcated into invasive procedure and non-invasive procedure. By gender, the market is categorized into male and female. By end user, the market is segregated as clinics, hospitals, and medical spas, beauty centers, and home care. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Based on procedure, surgical procedure segment high growth during the forecast period of 2022-2028

According to The Aesthetic Society 2021 report, in 2021, surgical procedures increased by 54% and non-surgical procedures by 44%. This is mainly because body contouring procedures increased more than any other section. For records, liposuction procedures were up by 66% and abdominoplasties by 49%, with average plastic surgeons performing 320 surgical procedures in 2021 compared to 220 in 2020. Also, total surgical procedures revenue increased by almost 63% from 2020, representing 69% of all revenue for aesthetic procedures. Such aforementioned factors are responsible for surgical procedure segment ultimately responsible for the influential market growth during the forecast period of 2022-2028.

Recent strategic developments in aesthetic medicine market

The aesthetic medicine market has undergone several significant developments, and a few of these have been mentioned below:

  • In June 2022, Cynosure announced launching a new product, the "PicoSure Pro device," the company's best-in-class PicoSure system. The newly launched product is the first and only FDA-cleared 755nm picosecond laser on the market, involved in delivering energy in a trillionth of a second, utilizing pressure instead of heat to offer the same effective treatment for unwanted pigmentation and skin revitalization for all skin types.
  • In September 2020, Lumenis Ltd. announced the launching of the largest energy-based medical company announced the launching of a new product, namely, " NuEra Tight with FocalRF technology." the newly launched product is intended for a personalized solution for fat reduction, skin tightening, cellulite, and wrinkle reduction all in one device.

The aesthetic medicine market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Cynosure, Evolus, Inc., REVANCE AESTHETICS, Lumenis Be Ltd., Solta Medical, Candela Corporation, Alma Lasers, GALDERMA, Merz Pharma, and LUTRONIC are among the prominent players operating in the market.

Target audience for the report:

  • Aesthetic medicine service providers
  • Aesthetic medicine related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of Aesthetic medicine
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Procedure:
    • Invasive Procedure
      • Breast Augmentation
      • Nose Reshaping
      • Eyelid Surgery
      • Others
    • Non-invasive Procedure:
      • Botox Injections
      • Soft Tissue Fillers
      • Chemical Peel
      • Others

 

  • Gender
    • Male
    • Female
  • End User:
    • Clinics, Hospitals, and Medical Spas
    • Beauty Centers
    • Home Care
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Cynosure
    • Evolus, Inc.
    • REVANCE AESTHETICS
    • Lumenis Be Ltd.
    • Solta Medical
    • Candela Corporation
    • Alma Lasers
    • GALDERMA
    • Merz Pharma
    • LUTRONIC
 

The List of Companies
- Cynosure
- Evolus, Inc.
- REVANCE AESTHETICS
- Lumenis Be Ltd.
- Solta Medical
- Candela Corporation
- Alma Lasers
- GALDERMA
- Merz Pharma
- LUTRONIC

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