Market Research Future (MRFR) has published a cooked research report on the “Global Medical Asthetics Market” that contains information from 2019 to 2035.
The Global Medical Asthetics Market is estimated to register a CAGR of 6.44% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Global Medical Asthetics Market— HCL TECHNOLOGIES LTD, VMWARE, INC, HONEYWELL INTERNATIONAL, INC., SCHNEIDER ELECTRIC SE, CISCO SYSTEMS, INC., BROADCOM, KASPERSKY LAB, GENERAL ELECTRIC, ROCKWELL AUTOMATION, INC., PAS GLOBAL LLC (HEXAGON AB), FORTINET INC , PALO ALTO NETWORKS INC , FORESCOUT TECHNOLOGIES INC , DARKTRACE , NOZOMI NETWORKS INC., SCADAFENCE ,among others.
Market Highlights
The Global Medical Asthetics Market is estimated to register a CAGR of 6.44% during the forecast period and is estimated to reach USD 130.21 Billion by 2035.
The growing obese and geriatric population across the globe is leading to an increased demand for aesthetic procedures such as liposuction, cellulite laser treatment, and others. Obesity leads to cellulite by increasing the fat volume trapped within the irregular-sized fat lobules. Adipocytes grow and bulge with fat in obese people. Obesity is the leading cause of cellulite. As per the WHO, the population with obesity has tripled since 1975. In 2020, the association recorded 39 Billion children with obesity were under the age of five. Additionally, according to World Obesity Federation, by 2030, over half of the world’s adult population will be overweight or obese. Moreover, a Body Mass Index (BMI) of greater than or equal to 25 is recorded in adults with an overweight medical condition. In contrast, a BMI of larger than or equal to 30 is recorded in adults with obesity. Therefore, the rising number of obese cases across the globe is driving growth for the medical aesthetics market.
Furthermore, the skin naturally becomes less elastic and more sensitive with old age. Natural oil production declines and causing to become dry and wrinkled skin. The fat in the deeper layers of skin begins to disappear. This results in sagging, loose skin with more visible wrinkles and crevices. The rising geriatric population demands anti-aging-related cosmetic procedures and the discovery of newer and more effective devices such as laser skin resurfacing devices, nonsurgical skin tightening devices, and others to treat wrinkles and unwanted lesions. The growing geriatric population is anticipated to fuel the market growth during the assessment period. According to the World Bank, in 2020, people aged over 65 years old across the globe accounted for 9.3% of the total population, which had increased from 5.9% in 1985. Similarly, according to the American Society of Plastic Surgeons (ASPS), the population aged 40-54 years old made up 45% of the total cosmetic procedures in the US in 2020. Thus, the increasing geriatric population and obese cases across the globe are driving growth for the medical aesthetics market.
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Segment Analysis
The Global Medical Asthetics Market has been segmented based on By Product, By Technology, By End User.
Advancements in technology have created options for medical aesthetics procedures such as skin tightening, skin resurfacing and rejuvenation, tattoo removal, and body contouring. Based on products, the global medical aesthetics market has been divided into facial aesthetics, body contouring devices, cosmetic implants, hair removal devices, skin aesthetic devices, tattoo removal devices, and others.
The facial aesthetic segment holds the highest market value of USD 7.51 Billion in 2020, owing to the increased number of facial aesthetic procedures. Hyaluronic acid injections help keep the skin young and healthy. Hence the number of hyaluronic acid injection procedures is increasing. For instance, according to the American Society of Plastic Surgeons, total hyaluronic acid injection procedures performed in the US in 2020 were 2,619,650, and those performed in 2019 were 2,878,201.
Based on technology, the medical aesthetics market is segmented into invasive, non-invasive, and minimally invasive.
An invasive procedure is a surgical procedure that requires an incision in body parts to perform medical procedures. Rhinoplasty, facial liposuction, facelift, breast augmentation, body lift, thigh lift, and cheek and chin implants are the major procedures that fall under invasive procedures. According to the American Society of Plastic Surgeons, in the US, the number of rhinoplasty procedures performed in 2020 was 352,555.
Non-invasive procedures are fast procedures, have a reduced risk of complications, and are cost-effective treatments in aesthetic procedures. Major procedures include non-invasive facial fillers, laser hair removal, chemical peels, and dermabrasion.
Based on end user, the global medical aesthetics market is segmented into hospitals and clinics, dermatology and cosmetic centers, and others. Hospitals and clinics account for the largest market share due to the increasing number of patients suffering from skin diseases and rising expenditure on cosmetics. According to the Cosmetic Physicians College of Australia, Australian citizens spend about 1 billion dollars on cosmetic procedures annually. Hospitals and clinics are increasingly adopting new and advanced technologies to treat various skin conditions, such as scar treatment, stretch mark treatment, and others. The techniques are based on the abrasion of the upper skin layers to rejuvenate the skin.
Regional Analysis
The report on the Medical Asthetics Market has been segmented on the basis of region as: Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas Medical Asthetics market accounted for the largest market share in 2024, and Asia-Pacific is expected to exhibit significant CAGR growth during the study period . The global medical aesthetics market in the Americas is segmented into North America and Latin America. In this region, North America is expected to dominate the market. The Americas is expected to command the largest market share due to the well-developed healthcare sector, growing demand for beauty treatments and other anti-aging-related cosmetic procedures, and leading players. Additionally, an increasing number of aesthetic surgeries is likely to drive the growth of the medical aesthetics market in these countries. According to the American Society of Plastic Surgeons, 15.6 Billion cosmetic procedures were performed in the US in 2020. Moreover, facial rejuvenation procedures continue to experience growth, as 2020 and 2019 marked the highest number of botulinum toxin type A injections to date, with over 4.4 Billion and 5.1 Billion injections, respectively. Moreover, non-invasive fat reduction and skin-tightening procedures are gaining popularity among patients. For instance, according to the American Society of Plastic Surgeons, in 2020, the number of non-surgical skin tightening procedures was 188,509 in the US. Furthermore, the presence of many noticeable players in this region is the major driving factor of the market in the Americas.
The Asia-Pacific region is the fastest-growing market for the global medical aesthetics market. The presence of a huge patient population, rapid development in technology, and huge opportunities for the development of the market drive the growth of the medical aesthetics market in Asia-Pacific. The government of this region is also looking forward to availing better treatment options from developed nations to improve the quality of life of their citizens. Additionally, the increasing acceptance of facial aesthetics fuels the medical aesthetics market in this region. According to the Asian Development Bank, Asia's elderly population will reach nearly 923 Billion by 2050. India, China, and Japan are the major contributors to the market. Thus, the high cost of aesthetics procedures and lack of awareness may slow the market's growth. Asia-Pacific majorly comprises countries such as Japan, China, India, the Republic of Korea and Australia. Moreover, in 2019, according to the International Society of Aesthetic Plastic Surgery, an estimated 79,248 liposuction procedures were performed in India.
Key Findings of the Study
- The Global Medical Asthetics Market is expected to reach USD 130.21 Billion by 2035, at a CAGR of 6.44% during the forecast period.
- The Asia-Pacific region accounted for the fastest growth in the global market.
- Based on By Product Type, the Facial Aesthetic segment was attributed to holding the largest market in 2024.
ALLERGAN PLC, MERZ PHARMA GMBH & CO. KGAA, LUMENIS, HOLOGIC INC, GALDERMA SA, BAUSCH HEALTH (VALEANT PHARMACEUTICALS), ANIKA THERAPEUTICS INC., CUTERA, ALMA LASERS, SYNERON MEDICAL LTD, among others, others are the k
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Companies Covered | 15 |
Pages | 267 |
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