Global Aesthetic Medicine Market Size, Share, and COVID-19 Impact Analysis, By Procedure Type (Invasive Procedures, Non-invasive Procedures), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030Industry: Healthcare
Global Aesthetic Medicine Market Insights Forecasts to 2030
- The Aesthetic Medicine Market Size was valued at USD 99.50 billion in 2021.
- The Worldwide Market Share is growing at a CAGR of 15.1% from 2022 to 2030
- The Global Aesthetic Medicine Market Size is expected to reach USD 333.10 billion by 2030
- Asia Pacific is expected to grow the fastest during the forecast period
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The global Aesthetic Medicine market is expected to reach USD 333.10 billion by 2030, at a CAGR of 15.1% during the forecast period 2022 to 2030.
The aesthetic medicine market includes advanced products that are used by doctors and medical professionals with an aim in improving physical appearances of patients. Under this, different invasive and non invasive processes are utilized in enhancing and changing the outlook of people and such procedures are termed as aesthetic medical processes.
This research report categorizes the market for Aesthetic Medicine market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Aesthetic Medicine market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Aesthetic Medicine market.
Global Aesthetic Medicine Market Report Coverage
|Market Size in 2021:||USD 99.50 Billion|
|Forecast Period 2021-2030 CAGR:||15.1%|
|2030 Value Projection:||USD 333.10 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||190|
|Tables, Charts & Figures:||98|
|Segments covered:||By Procedure Type, By Region, COVID-19 Impact Analysis|
|Companies Covered:||Allergan PLC, Solta Medical Syneron Medical Ltd., Cynosure Inc., Lumenis Ltd., Johnson & Johnson, Merz Pharma GmbH & Co. KGaA, Alma Lasers Ltd. (acquired by Shanghai Fosun Pharmaceutical Co), GC Aesthetics Plc., Sientra Inc., Zimmer Biomet Holdings, Inc., Dentsply Sirona In|
|Growth Drivers:||With the advent of COVID 19 pandemic, the remote working culture is popularly adopted by most of the companies due to which most of the employees spend maximum time on zoom calls.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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With the advent of COVID 19 pandemic, the remote working culture is popularly adopted by most of the companies due to which most of the employees spend maximum time on zoom calls. Thus, people have started paying special attention of physical appearances. This has resulted into the increasing demand for the cosmetic surgeries. Furthermore, rising interest in non-invasive processes has boosted the overall growth of the market. Not only this but also increasing interest to look fit and young has surged the demand for aesthetic medicines in emerging economies. Certain aesthetic procedures like botox, nose reshaping, and liposuction are gaining popularity across developing countries like South Korea and India.
The COVID 19 pandemic has adversely affected the global aesthetic medicine market. Earlier social distancing and the decrease in the income level of the customers had badly affected the growth of the market. This short term negative growth of the aesthetic medicine market was caused due to the decrease in the product demand, temporary shut down of beauty centers, limited operations, and supply chain disruptions.
- In 2021, the non invasive procedures segment to dominate the market with the largest market share over the forecast period.
On the basis of procedure type, the global aesthetic medicine market is segmented into Invasive Procedures, Non-invasive Procedures. Among these, the non invasive procedures segment is going to dominate the market with the largest market share over the forecast period. Instant results, minimal pain, and affordable cost are the key factors which are driving the segmental growth of aesthetic medicine market. Some of the most adopted non invasive procedures are soft tissue fillers, botox injections and chemical peels.
Regional Segment Analysis of the Aesthetic Medicine Market
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- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America generated the largest revenue share over the forecast period.
Among all other regions, North America generated the largest revenue share over the forecast period. Some of the key factors influencing the growth of the market in this area include the adoption of cosmetic operations, the prevalence of skin problems rising, and the presence of board-certified and professional cosmetic surgeons.
- In December 2021, A division of AbbVie called Allergen Aesthetics purchased Soliton, Inc., a provider of medical technologies. This acquisition will increase the variety of non-invasive body reshaping procedures it offers.
The report offers the appropriate analysis of the key organizations/companies involved within the global Aesthetic Medicine market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Allergan PLC
- Solta Medical Syneron Medical Ltd.
- Cynosure Inc.
- Lumenis Ltd.
- Johnson & Johnson
- Merz Pharma GmbH & Co. KGaA
- Alma Lasers Ltd. (acquired by Shanghai Fosun Pharmaceutical Co)
- GC Aesthetics Plc.
- Sientra Inc.
- Zimmer Biomet Holdings, Inc.
- Dentsply Sirona Inc
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Aesthetic Medicine market based on the below-mentioned segments:
Aesthetic Medicine Market, By Procedure
- Non invasive
Aesthetic Medicine Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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