According to our new research study on “Non-Invasive Aesthetic Treatment Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Procedure and End User,” the market is expected to reach US$ 18,656.54 million by 2028 from US$ 6,504.19 million in 2020; it is estimated to grow at a CAGR of 14.2% from 2021 to 2028. The report highlights trends prevailing in the market, and the factors driving and hindering the non-invasive aesthetic treatment market growth. The market growth is primarily attributed to the rising number of non-invasive aesthetic/cosmetic procedures performed every year, surge in awareness about cosmetic procedures among consumers, and availability of technologically advanced products. However, clinical risks and complications associated with medical aesthetic procedures are restraining the market growth.
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Based on procedure, the non-invasive aesthetic treatment market is segmented into injectables, skin rejuvenation, and others. The injectables segment held the largest larger market share in 2020, and it is estimated to register the highest CAGR during the forecast period. Factors such as the increasing number of product approvals and launches, rising awareness regarding the benefits of injectables, and overall growth in number of cosmetic surgeries are bolstering the market for this segment. The market for injectables is further segmented into botulinum toxin, calcium hydroxyapatite, hyaluronic acid, polymer filler, and collagen. Further, the market for skin rejuvenation is subsegmented into chemical peel, laser skin resurfacing, and photo rejuvenation. The others segment includes hair removal, nonsurgical fat reduction, sclerotherapy, and cellulite treatment.
The non-invasive aesthetic treatment market is witnessing substantial decline amid the COVID-19 pandemic. Most healthcare research organizations and hospitals are engaged in introducing new products and solutions for the better management of the disease to prevent further deaths. In addition, governments have issued guidelines for the rescheduling or suspension of all elective surgeries with an aim to focus completely on handling the COVID-19 pandemic. This is hampering the demand for non-invasive aesthetic treatments, thus limiting the market growth.
Galderma SA, Alma Lasers, Merz Pharma, Bausch Health Companies Inc., Cutera Inc., Revance Therapeutics Inc., Cynosure, AbbVie Inc., Candela Medical, and Johnson and Johnson Services, Inc. are among the leading companies operating in the non-invasive aesthetic treatment market.
Availability of Technologically Advanced Products Fuels Non-Invasive Aesthetic Treatment Market Growth
Non-surgical cosmetic procedures do not involve making surgical incisions and usually are considered minimally invasive. The availability of user-friendly, high-tech products is contributing to the rise in adoption of aesthetic treatments. Several manufacturers are working on advanced non-invasive aesthetic treatment products. For instance, In January 2021, Galderma launched the Face for Change program to positively impact communities around the US, in cooperation with Dress for Success and The Skin Cancer Foundation. This purpose-driven program would enable users of Dysport (abobotulinumtoxinA) for injection to give after every treatment.
Similarly, in June 2020, Sciton Inc. launched a new products platform mJOULE. It includes a new technology such as MOXI, and BBL HERO, and it is one of the most significant improvements in pulsed light-based technology. MOXI conveniently presents the application of non-ablative laser energy to revitalize skin, irrespective of the season, age, or skin type.
Furthermore, in October 2020, Alma launched its latest Alma Hybrid platform, designed to explore multiple possibilities of using ablative, non-ablative, and thermal treatments, along with testing their synergistic impact, on skin rejuvenation and scar revision. Therefore, the availability of technologically advanced non-invasive aesthetic treatment products is fueling the non-invasive aesthetic treatment market growth.
The report segments non-invasive aesthetic treatment market as follows:
By End User
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