Report Overview

Global Medical Aesthetics Market- Industry Trends & Forecast Report 2027

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 and 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 Consulting

Global Medical Aesthetics Market 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 profession. To safely 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 physiology. Chemical peels, for example, necessitate a thorough understanding of the anatomy and features of the skin in order to achieve successful and perfect results.

Global Medical Aesthetics Market Trend

Growth Drivers

Growing Adoption of Minimally Invasive Aesthetics Procedures

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 driving 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 incisions 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 procedures, thereby driving the growth of the global medical aesthetics market.

Adoption of Artificial Intelligence and Robots

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 field 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.

Restraints

High Procedural Cost

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-effects. Also, the availability of alternative cosmetic products is obstructing market growth.

Impact of COVID-19

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 products 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 Aesthetics Market: By Product

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 fueled the market growth for facial aesthetics in the global medical aesthetics market.

Source: BlueWeave Consulting

Global Medical Aesthetics Market: By End-User

Based on product, the global medical aesthetics market is grouped into clinics, hospitals, & medical 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 increasing healthcare expenditure in the field of medical aesthetics treatment. Additionally, the availability of experienced and knowledgeable doctors in specialized hospitals have further fueled the market growth for hospitals in the global medical aesthetics market.

Global Medical Aesthetics Market: Regional Insights

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 such medical aesthetics treatment.  Furthermore, the growing medical tourism industry in this region has boosted the market for worldwide medical aesthetics.

Competitive Landscape

The medical aesthetics market is growing due to shifting consumer preference and 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 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, Bausch Health Companies Inc, and others. In order to improve their production capability, product portfolio, and provide competitive differentiation, companies are increasingly participating in acquisitions, alliances, and mergers.

Recent Developments

·         On June 2021, 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 practices in the U.S.

·         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.

Scope of the Report

By Product

Ø  Facial Aesthetics

o    Botulinum Toxin

o    Dermal Fillers

o    Chemical Peels

o    Microdermabrasion Products

Ø  Body Contouring Devices

o    Nonsurgical Fat Reduction Devices

o    Cellulite Reduction Devices

o    Liposuction Devices

Ø  Cosmetic Implants

o    Breast Implants

o    Facial Implants

o    Gluteal Implants

Ø  Skin Aesthetics Devices

o    Laser Skin Resurfacing Devices

o    Nonsurgical Skin Tightening Devices

o    Micro-Needling Products

o    Hair Removal Devices

o    Others

Ø  Others

By End User

Ø  Clinics, Hospitals, And Medical Spas

Ø  Beauty Centers

Ø  Home Care Settings

By Region

Ø  The Asia-Pacific

Ø  North America

Ø  Europe

Ø  The Middle East & Africa

Ø  Latin America

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 market are growing adoption of minimally invasive aesthetics procedures, and adoption of artificial intelligence and robots

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 largest share in the global medical aesthetics market?

Answer:  Facial aesthetics by product accounted for the largest share in the global medical aesthetics market.

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.

1.    Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary & Secondary Research

2.2. Quantitative Research

2.3. Market Breakdown & Data Triangulation

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents, By Region

2.5. Assumption & Limitation

3.    Executive Summary

4.    Global Medical Aesthetics Market Insights

4.1. Industry Value Chain Analysis

4.2. DROC Analysis

4.2.1.   Growth Drivers

4.2.2.   Restraints

4.2.3.   Opportunities

4.2.4.   Challenges

4.3. Recent Development

4.4. Government Regulations

4.5. Porter’s Five Forces Analysis

4.5.1.   Bargaining Power of Suppliers

4.5.2.   Bargaining Power of Buyers

4.5.3.   Threat of New Entrants

4.5.4.   Threat of Substitutes

4.5.5.   Intensity of Rivalry

5.    Global Medical Aesthetics Market Overview

5.1. Market Size & Forecast by Value, 2017-2027

5.1.1.   By Value (USD Million)

5.2. Market Share & Forecast

5.2.1.   By Product

5.2.1.1.1.         Facial Aesthetic

5.2.1.1.1.1.              Botulinum Toxin

5.2.1.1.1.2.              Dermal Fillers

5.2.1.1.1.3.              Chemical Peels

5.2.1.1.1.4.              Microdermabrasion Products

5.2.1.1.2.         Body Contouring Devices

5.2.1.1.2.1.              Nonsurgical Fat Reduction Devices

5.2.1.1.2.2.              Cellulite Reduction Devices

5.2.1.1.2.3.              Liposuction Devices

5.2.1.1.3.         Cosmetic Implants

5.2.1.1.3.1.              Breast Implants

5.2.1.1.3.2.              Facial Implants

5.2.1.1.3.3.              Gluteal Implants

5.2.1.1.4.         Skin Aesthetic Devices

5.2.1.1.4.1.              Laser Skin Resurfacing Devices

5.2.1.1.4.2.              Nonsurgical Skin Tightening Devices

5.2.1.1.4.3.              Micro-Needling Products

5.2.1.1.4.4.              Hair Removal Devices

5.2.1.1.4.5.              Others

5.2.1.1.5.         Others

5.2.2.   By End Users

5.2.2.1.     Clinics, Hospitals, And Medical Spas

5.2.2.2.     Beauty Centers

5.2.2.3.     Home Care Settings

5.2.3.   By Region

5.2.3.1.     North America

5.2.3.2.     Europe

5.2.3.3.     The Asia-Pacific

5.2.3.4.     Latin America

5.2.3.5.     The Middle East and Africa

6.    North America Medical Aesthetics Market  

6.1. Market Size & Forecast by Value, 2017-2027

6.1.1.   By Value (USD Million)

6.2. Market Share & Forecast

6.2.1.   By Product

6.2.2.   By End-Users

6.2.3.   By Country

6.2.3.1.     United States

6.2.3.2.     Canada

7.    Europe Medical Aesthetics Market

7.1. Market Size & Forecast by Value, 2017-2027

7.1.1.   By Value (USD Million)

7.2. Market Share & Forecast

7.2.1.   By Product

7.2.2.   By End-Users

7.2.3.   By Country

7.2.3.1.     Germany

7.2.3.2.     United Kingdom

7.2.3.3.     Italy

7.2.3.4.     France

7.2.3.5.     Spain

7.2.3.6.     Rest of Europe

8.    The Asia-Pacific Medical Aesthetics Market

8.1. Market Size & Forecast by Value, 2017-2027

8.1.1.   By Value (USD Million)

8.2. Market Share & Forecast

8.2.1.   By Product

8.2.2.   By End-Users

8.2.3.   By Country

8.2.3.1.     China

8.2.3.2.     India

8.2.3.3.     Japan

8.2.3.4.     Australia

8.2.3.5.     South Korea

8.2.3.6.     Rest of the Asia-Pacific

9.    Latin America Medical Aesthetics Market

9.1.  Market Size & Forecast by Value, 2017-2027

9.1.1.       By Value (USD Million)

9.2. Market Share & Forecast

9.2.1.       By Product

9.2.2.       By End-Users

9.2.3.       By Country

9.2.3.1.     Brazil

9.2.3.2.     Mexico

9.2.3.3.     Argentina

9.2.3.4.     Rest of Latin America

10.The Middle East & Africa Medical Aesthetics Market

10.1. Market Size & Forecast by Value, 2017-2027

10.1.1.  By Value (USD Million)

10.2. Market Share & Forecast

10.2.1.    By Product

10.2.2.    By End-Users

10.2.3.    By Country

10.2.3.1.  Saudi Arabia

10.2.3.2.  Turkey

10.2.3.3.  UAE

10.2.3.4.  South Africa

10.2.3.5.  Rest of the Middle East & Africa

11.Competitive Landscape

11.1.          List of Key Players and Their Offerings

11.2.          Market Share Analysis, 2020

11.3.          Competitive Benchmarking, By Operating Parameters

12.Impact of Covid-19 on Medical Aesthetics Market Industry

13.Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **

13.1.        Allergan-AbbVie

13.2.        Alma Lasers, Ltd

13.3.        Anika Therapeutics

13.4.        Cutera, Inc.

13.5.        Cynosure

13.6.        El.En. S.p.A.

13.7.        Fotona d.o.o.

13.8.        Galderma

13.9.        Johnson & Johnson

13.10.     Merz Pharma GmbH & Co. KGaA

13.11.     Bausch Health Companies Inc

13.12.     Other Prominent Players

14.Key Strategic Recommendations

*Financial details of unlisted companies will be available as per data availability in final deliverable

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Fig: Global Medical Aesthetics Segmentation

Fig: Global Medical Aesthetics Market Value Chain Analysis

Fig: Company Market Share Analysis, 2020

Fig: Global Medical Aesthetics Market Size, By Value (USD Million), 2017-2027

Fig: Global Medical Aesthetics Market Share, By Product, By Value, 2017-2027

Fig: Global Medical Aesthetics Market Share, By End-Users, By Value, 2017-2027

Fig: Global Medical Aesthetics Market Share, By Region, By Value, 2017-2027

Fig: North America Medical Aesthetics Market Size, By Value (USD Million), 2017-2027

Fig: North America Medical Aesthetics Market Share, By Product, By Value, 2017-2027

Fig: North America Medical Aesthetics Market Share, By End-Users, By Value, 2017-2027

Fig: North America Medical Aesthetics Market Share, By Country, By Value, 2017-2027

Fig: Europe Medical Aesthetics Market Size, By Value (USD Million), 2017-2027

Fig: Europe Medical Aesthetics Market Share, By Product, By Value, 2017-2027

Fig: Europe Medical Aesthetics Market Share, By End-Users, By Value, 2017-2027

Fig: Europe Medical Aesthetics Market Share, By Country, By Value, 2017-2027

Fig: the Asia-Pacific Medical Aesthetics Market Size, By Value (USD Million), 2017-2027

Fig: the Asia-Pacific Medical Aesthetics Market Share, By Product, By Value, 2017-2027

Fig: the Asia-Pacific Medical Aesthetics Market Share, By End-Users, By Value, 2017-2027

Fig: the Asia-Pacific Medical Aesthetics Market Share, By Country, By Value, 2017-2027

Fig: Latin America Medical Aesthetics Market Size, By Value (USD Million), 2017-2027

Fig: Latin America Medical Aesthetics Market Share, By Product, By Value, 2017-2027

Fig: Latin America Medical Aesthetics Market Share, By End-Users, By Value, 2017-2027

Fig: Latin America Medical Aesthetics Market Share, By Indication, By Value, 2017-2027

Fig: Latin America Medical Aesthetics Market Share, By Country, By Value, 2017-2027

Fig: The Middle East & Africa Medical Aesthetics Market Size, By Value (USD Million), 2017-2027

Fig: The Middle East & Africa Medical Aesthetics Market Share, By Product, By Value, 2017-2027

Fig: The Middle East & Africa Medical Aesthetics Market Share, By End-Users, By Value, 2017-2027

Fig: The Middle East & Africa Medical Aesthetics Market Share, By Country, By Value, 2017-2027

List of Table

Table: Global Medical Aesthetics Market Size, By Product, By Value, 2017-2027

Table: Global Medical Aesthetics Market Size, By End-Users, By Value, 2017-2027

Table: Global Medical Aesthetics Market Size, By Region, By Value, 2017-2027

Table: North America Medical Aesthetics Market Size, By Product, By Value, 2017-2027

Table: North America Medical Aesthetics Market Size, By End-Users, By Value, 2017-2027

Table: North America Medical Aesthetics Market Size, By Country, By Value, 2017-2027

Table: Europe Medical Aesthetics Market Size, By Product, By Value, 2017-2027

Table: Europe Medical Aesthetics Market Size, By End-Users, By Value, 2017-2027

Table: Europe Medical Aesthetics Market Size, By Country, By Value, 2017-2027

Table: the Asia-Pacific Medical Aesthetics Market Size, By Product, By Value, 2017-2027

Table: the Asia-Pacific Medical Aesthetics Market Size, By End-Users, By Value, 2017-2027

Table: the Asia-Pacific Medical Aesthetics Market Size, By Country, By Value, 2017-2027

Table: Latin America Medical Aesthetics Market Size, By Product, By Value, 2017-2027

Table: Latin America Medical Aesthetics Market Size, By End-Users, By Value, 2017-2027

Table: Latin America Medical Aesthetics Market Size, By Country, By Value, 2017-2027

Table: The Middle East & Africa Medical Aesthetics Market Size, By Product, By Value, 2017-2027

Table: The Middle East & Africa Medical Aesthetics Market Size, By End-Users, By Value, 2017-2027

Table: The Middle East & Africa Medical Aesthetics Market Size, By Country, By Value, 2017-2027

Table: Allergan-AbbVie Financial Analysis

Table: Allergan-AbbVie Business Overview

Table: Alma Lasers, Ltd Financial Analysis

Table: Alma Lasers, Ltd Business Overview

Table: Anika Therapeutics Financial Analysis

Table: Anika Therapeutics Business Overview

Table: Cutera, Inc. Financial Analysis

Table: Cutera, Inc. Business Overview

Table: F Cynosure Financial Analysis

Table: F Cynosure Business Overview

Table: El.En. S.p.A. Financial Analysis

Table: El.En. S.p.A. Business Overview

Table: Fotona d.o.o. Financial Analysis

Table: Fotona d.o.o. Business Overview

Table: Galderma Financial Analysis

Table: Galderma Business Overview

Table: Johnson & Johnson Financial Analysis

Table: Johnson & Johnson Business Overview

Table: Merz Pharma GmbH & Co. KGaA Financial Analysis

Table: Merz Pharma GmbH & Co. KGaA Business Overview

Table: Bausch Health Companies Inc Financial Analysis

Table: Bausch Health Companies Inc Business Overview