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Oct 5, 2020 10:00 AM ET

Global Aesthetic Medicine Market Is Set For Moderate Growth, To Reach Around USD 87.82 Billion by 2025

iCrowd Newswire - Oct 5, 2020

Zion Market Research has published a new report titled “Aesthetic Medicine Market by Procedure Type (Non-invasive Procedures and Invasive Procedures): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2025”. According to the report, global demand for aesthetic medicine market was valued at approximately USD 52.72 billion in 2018, and is expected to generate revenue of around USD 87.82 billion by end of 2025, growing at a CAGR of around 7.6% between 2019 and 2025.

Aesthetic medicines are used for improving cosmetic appearance for in case of age related skin laxity, wrinkles, or cellulite, moles, scars, unwanted hair, skin discoloration, excess fat, etc. Aesthetic medicine is a broad term usually referred for plastic surgery, reconstructive surgery, dermatology, oral and maxillofacial surgery, etc. Aesthetic medicine uses non-invasive, minimally invasive or invasive treatments to improve aesthetic appeal. It is an elective procedure and helps improve quality of life, enhances social engagement, appearance, and psychological wellbeing.

The global aesthetic medicine market growth is fueled by growing demand for cosmetic surgeries to enhance overall appearance and look along with easy availability of advanced aesthetic devices and growing adoption of minimally invasive procedures worldwide. Also, other factors that are expected to boost the market growth over the forecast period include high prevalence of obesity, growing awareness about cosmetic surgeries, growing disposable income and health care spending. However, lack of reimbursement policies and high cost of procedure may hamper the market growth in the coming years. Technological advancements are projected to open new growth prospects for major market players over the forecast period.

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Global aesthetic medicine market is segmented based on procedure type and region. Based on procedure type, market is split into non-invasive and invasive procedures. In 2018, non-invasive procedure type segment dominated the market with largest revenue share. This large share is attributed to growing adoption and preference to non-invasive or minimally invasive aesthetic surgeries. Breast augmentation, nose reshaping, eyelid surgery, liposuction, tummy tuck and other invasive procedures are sub-segments of invasive procedures. Microdermabrasion, laser hair removal, soft tissue fillers, Botox injections, chemical peel, and others are sub segments of non-invasive procedures.

At regional level, North America held largest revenue share in 2018 for the global aesthetic medicine market. This large share is attributed to growing adoption of aesthetic surgeries, easy accessibility to advanced healthcare facilities and availability of trained professionals. Also, other factors that propel the market growth in North America include increasing prevalence of skin disorders, growth in healthcare spending and growing awareness about cosmetic surgeries. Europe was second major regional market. Growing awareness of advanced cosmetic therapies, increasing preference for minimally invasive procedures, availability of technologically advanced facilities and swift adoption of advanced cosmetic surgeries are key factors that support market growth in Europe. Latin America is estimated to witness moderate growth in the coming years. Asia Pacific is projected to witness fastest growth for aesthetic medicine market over the forecast period. This swift growth is attributed to increasing millennial population, increasing healthcare spending and growing awareness. Moderate growth is projected in Middle East and Africa region in coming years.

Major players included in the report are Johnson & Johnson, Galderma, Allergan, Hologic (Cynosure), Syneron Candela, Alma Laser, Lumenis and Solta Medical among others.

The report segment of global aesthetic medicine market as follows:

Global Aesthetic Medicine Market: By Procedure Type

Global Aesthetic Medicine Market: By Region

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Keywords:    Aesthetic Medicine Market

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