Medical Aesthetics Market Expected To Reach US $ 16,034.87

Medical aesthetics

The medical aesthetics market is expected to reach US $ 16,034.87 million by 2028 compared to US $ 7,039.06 million in 2021; it is expected to register a CAGR of 12.5% ​​from 2021 to 2028.

The World Health Organization (WHO) recognizes that reducing waste is an important aspect of strengthening health systems. Advances in technology have led to the development of surgical approaches that minimize waste and achieve better results with available resources. Minimally invasive surgeries are among the approaches that result in low waste production and reduced medical costs; in addition, these surgeries ensure low absenteeism in the workplace, which has a net positive effect on the productivity of an economy.

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The modern concept of natural and harmonious rejuvenation is based on a comprehensive, three-dimensional and multi-layered approach that combines several active ingredients and techniques in surgical procedures such as skin relaxation, volume enlargement, volume repositioning, reshaping , renewal of the surface and skin. tightening, according to the specific needs of the patient. As the appearance of the skin is considered an important factor in well-being and health, the number of cosmetic procedures performed around the world continues to increase. In addition, non-surgical procedures include facial injections and cryolipolysis, among others. These short procedures help correct facial lines, wrinkles, cellulite reduction, and unwanted fat reduction with minimal side effects.

The International Society of Aesthetic Plastic Surgery (ISAPS) defines a non-surgical cosmetic procedure as an effective and safe procedure for those who wish to undergo subtle improvement and improved surgical results with shorter recovery periods; these procedures often do not require extensive training, unlike surgical procedures which are associated with higher risks. According to ISAPS estimates, the number of non-surgical cosmetic procedures increased by 51.4% from 2011 to 2017. With the proliferation of the medical esthetics industry, competition inevitably increases as well. It is a heterogeneous industry as the competition is not only from beauty clinics specializing in cosmetic surgeries, but also from other beauty service providers such as beauty salons and also competing with them.

Product-based information
On the basis of product, the medical aesthetics market is further segmented into facial aesthetics products, cosmetic implants, body contouring devices, skin esthetics devices, hair removal devices, tattoo removal devices and others. In 2021, the facial aesthetic products segment is expected to hold the largest market share and is expected to register the highest CAGR between 2021 and 2028.

Minimally invasive procedures have undergone continuous innovation over the past 20 years. In 2017, physicians performed 15.7 million minimally invasive procedures in North America. Thus, the boom in adoption of minimally invasive and non-invasive cosmetic procedures is driving the growth of the medical aesthetics market.

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