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Medical Aesthetics Market to Reach US$13.9 Billion by 2022, Growing at a CAGR of 11.0%

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samruddhicmi123
Medical Aesthetics Market to Reach US$13.9 Billion by 2022, Growing at a CAGR of 11.0%

Market Overview:

The global medical aesthetics market is estimated to reach a value of US$13.9 billion by 2023, growing at a CAGR of 11.0% during the forecast period 2023-2027. Medical aesthetics refers to the use of various cosmetic procedures and products to enhance the physical appearance of individuals. These procedures offer numerous advantages such as improvement in self-esteem, confidence, and overall well-being. The increasing need for these products and procedures among the aging population, rising disposable income, and growing awareness regarding physical appearance are driving the growth of the medical aesthetics market.


Market Key Trends:

One key trend in the medical aesthetics market is the growing popularity of non-invasive procedures. Non-invasive procedures have gained significant traction in recent years due to their numerous benefits such as minimal downtime, reduced risk of complications, and natural-looking results. These procedures include injectables like Botox and dermal fillers, as well as non-surgical treatments like laser hair removal, skin rejuvenation, and body contouring. The demand for non-invasive procedures is expected to witness substantial growth over the forecast period, driven by factors such as increasing aesthetic consciousness, technological advancements in cosmetic procedures, and a shift towards minimally invasive treatments. This trend presents lucrative opportunities for key players in the medical aesthetics market to innovate and expand their product portfolios.

Segment Analysis:

The Medical aesthetics market can be segmented based on product type, application, end-user, and region.

Based on product type, the dominating segment in the Medical aesthetics market is the Botulinum toxin segment. This segment is expected to dominate the market due to the increasing demand for non-invasive procedures for facial rejuvenation. Botulinum toxin injections, such as Botox, are widely used to reduce fine lines and wrinkles, making it a popular choice among consumers. Additionally, the growing awareness about the benefits of such treatments and the rising disposable income of individuals further contribute to the dominance of this segment in the market.

Key Takeaways:

The Global Medical Aesthetics Market is expected to witness high growth, exhibiting a CAGR of 11.0% over the forecast period of 2023-2027. This growth can be attributed to several factors. Firstly, there is a growing demand for minimally invasive and non-invasive aesthetic procedures, driven by the desire for enhancing physical appearance and improving self-confidence. The advancements in technology, such as the development of laser-based devices, have made these procedures more efficient and safer, further fueling market growth. Additionally, the increasing aging population, coupled with rising disposable income and improving healthcare infrastructure, is expected to drive the market further.


Regionally, North America is anticipated to be the fastest-growing and dominating region in the Medical aesthetics market. This can be attributed to factors such as the presence of a large consumer base willing to spend on aesthetic treatments, the high adoption rate of advanced technologies, and the presence of key market players in the region. Moreover, the growing trend of medical tourism in countries like Brazil and Mexico is expected to contribute to market growth in the Latin American region.


Key players operating in the Medical aesthetics market are Cynosure, Inc., Allergan, Inc., Alma Lasers, Ltd., Mentor Worldwide LLC, Lumenis Ltd., ZELTIQ Aesthetics, Inc., PhotoMedex, Inc., Galderma S.A., Syneron Medical, Ltd., and Solta Medical, Inc. These companies are focusing on strategic collaborations, product launches, and acquisitions to strengthen their market position and expand their product portfolio. For example, Allergan, Inc. recently acquired ZELTIQ Aesthetics, Inc. to enhance its presence in the body contouring market.

Read More - https://www.marketwebjournal.com/medical-aesthetics-market-analysis/

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