Global Medical Aesthetics Market- Industry Trends & Forecast Report 2027 - PDF document

Global Medical Aesthetics Market is accelerating — Projected to Reach Worth USD 17.14 Billion in 2027 Global Medical Aesthetics Market - Industry Trends & Forecast Report 2027 Global Medical Aesthetics Market, By Product (Facial Aesthetics [Botulinum Toxin, Dermal Fillers, Chemical Peels, and Microdermabrasion Products], Body Contouring Devices [Nonsurgical Fat Reduction Devices, Cellulite Reduction Devices, and Liposuction Devices], Cosmetic Implant [Breast Implants, Facial Implants, and Gluteal Implants], Skin Aesthetics Devices [Laser Skin Resurfacing Devices, Nonsurgical Skin Tightening Devices, Micro - Needling Products, Hair Removal Devices, and Others], and Others); By End - Users (Clinics, Hospitals, and Medical Spas, Beauty Centers, and Home Care Settings); By Region (North America, Europe, the Asia - Pacific, the Middle East & Africa, and Latin America) Trend Analysis, Competitive Market Share & F orecast, 2017 - 2027 . A study recently conducted by the strategic consulting and market research fir m , BlueWeave Consulting , revealed that the global medical aesthetic s market was worth USD 8.93 billion in 2020 and is further projected to reach USD 17.14 billion by 2027, at a CAGR of 9.7% during the forecast period (2021 - 2027). The availability of technologically advanced and user - friendly products, and shifting male co nsumer preference towards the aesthetics treatment is among the key factors driving the growth of the medical aesthetics market . Furthermore, the worldwide medical aesthetics market is growing due to the increasing acceptance of novel procedures such as no nin vasive and invasive treatments. View report Press release Sample report Global Medical Aesthetics Market is accelerating — Projected to Reach Worth USD 17.14 Billion in 2027 Rep ort Overview All medical therapies aimed at enhancing patient's cosmetic appearance are classified as medical aesthetics. Plastic surgery and beauty industry combines together to form medical aesthetics. Medical aesthetics is a specialized, licensed profes sion . Globa l Medical Aesthetics Market - Industry Trends & Forecast Report 202 7 The global medical aesthetics market has reached USD 8.93 billion in 2020 and is expected to reach USD 17.14 billion by 2027, with a CAGR of 9.7% during the forecast period (2021 - 2027) . One of the important drivers driving market growth is the availability of technologically advanced a nd user - friendly devices, as well as a shift in male consumer preference towards aesthetics therapy. Furthermore, the increasing use of novel noninvasive and invasive treatment procedure is propelling the global medical aesthetics market forward. However, clinical hazards and consequences associated with medical aesthetic procedures are impeding market growth to some extent . Source: BlueWeave Consultin g Global Medical Aesthetics Market Overvie w All medical therapies aimed at enhancing patient's cosmetic appearance are classified as medical aesthetics. Plastic surgery and beauty industry combines together to form medical aesthetics. Medical aesthetics is a specialized, licensed profession. To safe ly and efficiently perform the various treatments to improve the stunning appearance of the patients, medical aestheticians undergo considerable training as this field calls for a high level of expertise, preparation, and an understanding of anatomy and ph ysiology. Chemical peels, for example, Global Medical Aesthetics Market is accelerating — Projected to Reach Worth USD 17.14 Billion in 2027 necessitate a thorough understanding of the anatomy and features of the skin in order to achieve successful and perfect results . G lobal Medical Aesthetics Market Tren d Growth Driver s Growing Adoption of Minimally Inva sive Aesthetics Procedure s The benefits of minimally invasive cosmetic procedures have accelerated their popularity. Smaller incisions, less pain, a shorter hospital stay, a faster recovery, and improved precision are just some of the advantages that are d riving the growth of the global medical aesthetics market. In 2020, 2,314,720 plastic and cosmetic procedures were performed, according to the American Society of Plastic Surgeons. The minimally invasive surgery is as a procedure performed through tiny inc isions instead of large incisions . Because the recovery time and pain associated with minimally invasive cosmetic operations are reduced due to the smaller incisions made during surgery, surgeons are increasingly turning to minimally invasive aesthetic pro cedures, thereby driving the growth of the global medical aesthetics market . Adoption of Artificial Intelligence and Robot s Implementing advanced technology such as Artificial Intelligence (AI) and robotics in medical aesthetics has had a favorable impact on the market. These technological advancements have revolutionized the overall industry of medical aesthetics. AI and robotics can perform minimally invasive surgery much efficiently. With the help of these automatic surgical systems, surgeons can improve accuracy, navigation, imaging, and visualization. Automatic robotics arms are creating lucrative market opportunity and propelling the market growth for the global medical aesthetics market . For instance, AVRA medical robotics, a global leader in the fiel d of medical robotics, is coming up with a unique surgical platform in the medical aesthetics field. They have named the system AVRA Instrument Guidance System (AIGS), which will enable the surgeon performing the surgery to simulate the same surgery before performing it on the patients. These medical advances integrated with high - end simulation technologies will help surgeons to perform surgery more effectively, thus propelling the growth of the global medical aesthetics market . Restraint s High Procedural C os t The high cost of procedures is limiting the growth of the global medical aesthetics market. Doctor appointments, frequent physical checkups, and the cost of surgery, drugs, and other medical aesthetics procedures are all part of the process. The global medical aesthetics market's growth is hampered by the prolonged procedure, as well as high procedural costs, and a scarcity of experienced doctors and surgeons. Furthermore, the medical aesthetics market's growth may be hampered by surgery - related side - ef fects. Also, the availability of alternative cosmetic products is obstructing market growth . Global Medical Aesthetics Market is accelerating — Projected to Reach Worth USD 17.14 Billion in 2027 Impact of COVID - 1 9 COVID - 19 has hindered the growth of the medical aesthetics market. While some sections of the medical industry may have witnessed profits as a result of COVID - 19, the medical aesthetics business has witnessed a significant decline. Due to the coronavirus - induced lockdown, the medical aesthetics market had to face challenges in the supply chain, logistic, and transportation of equipment and produ cts to hospitals and end - users. The market has also suffered as a result of decreased demand from end - users who were hesitant to visit hospitals or professional surgeons in the fear of contracting the virus. It is expected that in the post - pandemic period, the market is likely to grow at a substantial rate due to the increasing adoption of advance AI - enabled robots as robots can assist doctors in maintaining a safe distance from patients by employing probes and remote medical devices. Global Medical Aest hetics Market: By Produc t The global medical aesthetics market is grouped into facial aesthetics, body contouring devices, cosmetic implant, aesthetics skin devices, and others, based on product. Among these, facial aesthetics treatment accounted for the largest share in the market in 2020. This growth can be attributed to the rising skin diseases among the younger age group and the increasing pool of geriatric population globally. additionally, the shifting male preference towards appealing looks has fue led the market growth for facial aesthetics in the global medical aesthetics market . Source: BlueWeave Consultin g Global Medical Aesthetics Market: By End - Use r Based on product, the global medical aesthetics market is grouped into clinics, hospitals, & me dical spas; beauty centers, and home care settings. Among these, the clinics, hospitals, & medical spa segment by end - users accounted for the largest share in the market in 2020. This growth can be attributed to the rising infrastructure development and in creasing healthcare expenditure in the field of medical aesthetics treatment. Additionally, the availability of experienced and Global Medical Aesthetics Market is accelerating — Projected to Reach Worth USD 17.14 Billion in 2027 knowledgeable doctors in specialized hospitals have further fueled the market growth for hospitals in the global medical aesthet ics market . Global Medical Aesthetics Market: Regional Insight s Geographically, the global medical aesthetics market is categorized into North America, Europe, the Asia - Pacific, the Middle East & Africa, and Latin America. Among these regions, the North America dominates the global medical aesthetics market. The growth can attributed to the rising film and entertainment industry as people associated with this industry are more likely to undergo suc h medical aesthetics treatment. Furthermore, the growing medical tourism industry in this region has boosted the market for worldwide medical aesthetics . Competitive Landscap e The medical aesthetics market is growing due to shifting consumer preference a nd development of user - friendly products owing to which the key players are investing extensively in research and development of user - friendly products to win a competitive edge in the market. Some of the key players in the global medical aesthetics market ar e Allergan - AbbVie, Alma Lasers, Ltd, Anika Therapeutic, Cutera, Inc., Cynosure, El.En. S.p.A., Fotona d.o.o., Galderma, Johnson & Johnson, Merz Pharma GmbH & Co. KGaA, Bausch Health Companies Inc, and others. In order to improve their production capabil ity, product portfolio, and provide competitive differentiation, companies are increasingly participating in acquisitions, alliances, and mergers . Recent Development s · On June 202 1 , Eclipse, launched a new product MicroPen EVO which is a latest medical - grade microneedling device. This product has got clearance from FDA. The product which was successfully launched last year in Canada is now available for dermatology and aesthetic pra ctices in the U.S . Global Medical Aesthetics Market is accelerating — Projected to Reach Worth USD 17.14 Billion in 2027 · On June 2020 , Alma Lasers announced the launch of non - ablative fractional laser resurfacing. This laser resurfacing has optimal wavelength for the water absorption from skin and deep penetration into the layers of skin . Sco pe of the Repor t Attribut e Detail s Years Considere d Historical data – 2017 - 202 0 Base Year – 202 0 Forecast – 2021 – 202 7 Facts Covere d Revenue in USD Billio n Market Coverag e U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabi a Product/Service Segmentatio n By Product, End - User, and Regio n Key Player s Key Players for the market are Allergan - AbbVie, Alma Laser s, Ltd, Anika Therapeutic, Cutera, Inc., Cynosure, El.En. S.p.A., Fotona d.o.o., Galderma, Johnson & Johnson, Merz Pharma GmbH & Co. KGaA, Baush Haealth, and others prominent player s By Produc t Ø Facial Aesthetic s o Botulinum Toxi n o Dermal Filler s o Chemical Peel s o Microdermabrasion Product s Ø Body Contouring Device s o Nonsurgical Fat Reduction Device s o Cellulite Reduction Device s o Liposuction Device s Ø Cosmetic Implant s o Breast Implant s Global Medical Aesthetics Market is accelerating — Projected to Reach Worth USD 17.14 Billion in 2027 o Facial Implant s o Gluteal Implant s Ø Skin Aesthetics Device s o Laser Skin Resurfacing Device s o Nonsurgical Skin Tightening Device s o Micro - Needling Product s o Hair Removal Device s o Other s Ø Other s By End Use r Ø Clinics, Hospitals, And Medical Spa s Ø Beauty Center s Ø Home Care Setting s By Regio n Ø The Asia - Pacifi c Ø North Americ a Ø Europ e Ø The Middle East & Afric a Ø Latin Americ a FAQs : 1 . What is the current size of the global medical aesthetics market ? Answer: The global medical aesthetics market reached USD 8.93 billion in 2020 . 2 . What are the major factors driving the growth of the global medical aesthetics market ? Answer: The major factors driving the growth of the global medical aesthetics mar ket are growing adoption of minimally invasive aesthetics procedures, and adoption of artificial intelligence and robot s 3 . Who are the key players in the global medical aesthetics market ? Answer: The key players in the global medical aesthetics market are Allergan - AbbVie, Alma Lasers, Ltd, Anika Therapeutic, Cutera, Inc., Cynosure, El.En. S.p.A., Fotona d.o.o., Galderma, Johnson & Johnson, Merz Pharma GmbH & Co. KGaA, Baush Haealth, and others prominent players . 4 . Which product accounted for the la rgest share in the global medical aesthetics market ? Answe r : Facial aesthetics by product accounted for the largest share in the global medical aesthetics market . Global Medical Aesthetics Market is accelerating — Projected to Reach Worth USD 17.14 Billion in 2027 5 . Which region is growing at a higher rate in the global medical aesthetics market ? Answer: The Asia - Pacific is growing at a higher rate in the global medical aesthetics market . About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and tim ely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com Global Medical Aesthetics Market is accelerating — Projected to Reach Worth USD 17.14 Billion in 2027