Aesthetic Medicine Market Size to Worth US$ 130.7 BN by 2030

The global aesthetic medicine market size is expected to be worth around US$ 130.7 billion by 2030 from valued at US$ 87.6 billion in 2020 and is anticipated to grow at a CAGR of 10.8% from 2021 to 2030.

Growth Factors

According to the International Association for Physicians in Aesthetic Medicine (IAPAM), aesthetic medicine is ‘a branch of medicine focused on satisfying the aesthetic desires and goals of patient. The major aim of aesthetic medicine is to improve the physical appearance of the patient. Key drivers of the market include introduction of non-invasive medical devices for cosmetic procedures, growing focus on physical appearance, and rise in adoption among geriatric individuals.

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By Procedure Type Analysis

The non-invasive procedures segment dominated the market for aesthetic medicine and accounted for the largest revenue share of 52.5% in 2020. The segment is expected to witness the fastest CAGR over the forecast period.

Invasive procedures such as liposuction, breast augmentation, nose reshaping, are some of the popular aesthetic procedures. Growing focus towards physical appearance has increased demand for these invasive procedures.

Report Coverage

By Regional Analysis

In 2021, North America accounted for the largest revenue share of over 35.0%. Advanced healthcare infrastructure, adoption of cosmetic procedures, the increasing prevalence of skin disorders, and the presence of board-certified and skilled cosmetic surgeons in the region are some of the major factors contributing to the growth of the market in this region.

Asia Pacific is projected to expand at the highest CAGR of 10.9% during the forecast period. The region is backed by countries such as China, India, and South Korea. The availability of technologically advanced products, growing focus towards physical appearance, and South Korea being the hub of cosmetic surgeries are some of the key factors expected to drive the market in the region.

COVID-19 Impact

The outbreak of global pandemic, COVID-19, had a huge impact on the aesthetic medicine business. At first, the market was adversely damaged by social distancing norms and a significant drop in consumer income. Due to reasons such as temporary closures of beauty salons, decreased product demand, and limited operations, the industry experienced a period of short-term negative growth. On the other hand, remote working or work from home has increased the amount of time spent on Zoom calls. People are very concerned about their aesthetic appearance. This has resulted in a rise in cosmetic surgery demand, with Botox emerging as one of the most popular treatments. Cosmetic operations are also becoming more popular among patients due to the ease with which they may heal while staying at home. As a result, during the lockdown, the market for cosmetic medicine grew significantly resulting in increased demand in the global aesthetic medicine market.

Key Players

• Allergan
• Hologic (cynosure)
• Johnson & Johnson
• Galderma
• Lumenis
• Solta Medical
• Syneron Candela
• Alma Laser

Market Segmentation

• By Procedure Type
  • Invasive Procedures
    • Breast augmentation
    • Liposuction
    • Nose reshaping
    • Eyelid Surgery
    • Tummy tuck
    • Others
  • Non-invasive Procedures
    • Botox injections
    • Soft tissue fillers
    • Chemical peel
    • Laser hair removal
    • Microdermabrasion
    • Others
• Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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