Medical Aesthetics Market Scope
Medical aesthetic services include high-tech skincare products that represent the amalgamation of health and beauty services. It is the use of advanced technologies to provide a medically based procedure that is said to bring about a significant cosmetic change or improvement. These services can include the use of lasers or other energy-based devices. Medical aesthetic devices are mainly used for the purpose of treating impairments that are associated with any person's aesthetic appearance, like sagging skin, cellulite, scars, excess fat, birthmarks, wrinkles, moles, spider veins, unwanted hair, and skin discoloration. Aesthetic medicine includes both surgical and non-surgical procedures, and doctors can choose a combination of both to improve the patient's physical appearance. A convenient replacement of dysfunctional/missing body parts caused by accidents, trauma, and other congenital disorders is also possible through the use of aesthetic implants.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Allergan (Ireland), Solta Medical International Inc. (United States), Syneron Medical (United States), Photomedex, Inc. (United States), Cynosure (United States), Lumenis Ltd. (Israel), Johnson & Johnson (United States), Zeltiq Aesthetics (United States), Merz Pharmaceuticals GmbH (Germany), Galderma (Switzerland) and Alma Lasers Ltd. (Israel) |
CAGR | 9.4% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Medical Aesthetics market throughout the predicted period.
Allergan (Ireland), Solta Medical International Inc. (United States), Syneron Medical (United States), Photomedex, Inc. (United States), Cynosure (United States), Lumenis Ltd. (Israel), Johnson & Johnson (United States), Zeltiq Aesthetics (United States), Merz Pharmaceuticals GmbH (Germany), Galderma (Switzerland) and Alma Lasers Ltd. (Israel) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Medical Aesthetics market by Type , by Application (Clinic, Medical SPA and Beauty Center) and Region with country level break-up.
On the basis of geography, the market of Medical Aesthetics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2023, Alpha Aesthetics Partners, a Thurston Group portfolio company, announced a strategic partnership with The Laser Center of Marin ("TLC"). This latest move marks a significant step in Alpha Aesthetics Partners' expansion in the medical aesthetics market. Alpha Aesthetics Partners offers unparalleled support in clinical training, administration, strategic insights, and comprehensive branding. With a commitment to fostering a collaborative culture and providing leadership development, marketing support, and extensive industry connections,
In March 2024, Allergan Aesthetics, an AbbVie announces Moving the Needle on Ethics- its collaboration with medical aesthetics experts from around the globe aiming to elevate discussions on ethics in aesthetics. The collection of interviews highlights the need for industry-wide transparency and integrity to meet the expected increase in global demand for aesthetics treatments.
Influencing Trend:
The Growing Adoption of Minimally Invasive and Noninvasive Aesthetic Procedures and The Increasing Demand for Aesthetic Treatments among Men
Market Growth Drivers:
The Rising Adoption among Geriatric Individuals, Increasing Public Awareness about Cosmetic Procedures, The Increasing Number of Clinics and Medical Spas and The High Availability of Financial and Infrastructural Resources with Hospitals
Challenges:
Low Reimbursements
Restraints:
High Cost of Treatment and Risk of Malfunctions Associated Mostly With Implants
Opportunities:
The Availability of Technologically Advanced & User-Friendly Products, Technologically Advanced Devices and Growth in Awareness Programs, Such As Breast Reconstructive Awareness Campaign
Key Target Audience
Providers of Medical Aesthetics, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others