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Medical Aesthetics Market Research Report: Information by Product (Facial Aesthetic, Body Contouring, Cosmetic Implants, Hair Removal, Skin Aesthetic Devices, and Tattoo Removal Devices), By Technology (Invasive, Non-Invasive, and Minimally Invasive), By End User (Hospitals & Clinics and Dermatology & Cosmetic Centers), And by Region (North America, Europe, Asia-Pacific, And Rest of The World) –Market Forecast Till 2032
The Medical Aesthetics Market Size was anticipated at USD 16.8 Billion in 2022 and is projected to grow from USD 18.66 Billion in 2023 to USD 43.32 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.10% during the forecast period (2023 – 2032).
The global market for medical aesthetics has witnessed massive growth over recent years. Rapid technological innovation is driving the market’s growth in the field. Furthermore, the growing number of service providers such as surgeons and doctors are helping by choosing non-invasive or minimally invasive aesthetic procedures over the conventional methods is likely to accelerate the market’s growth over coming years. However, the growth of the medical aesthetics market is likely to be restricted by the many possible side effects of using medical aesthetic procedures and a variety of risks and complications.
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Segment Analysis
The global market for medical aesthetics is split into several segments based on product, technology, end-users, and region.
Based on product type, the global market for medical aesthetics is split into skin aesthetics, hair removal devices, cosmetic implants, fat reduction and cellular reduction devices, body contouring devices, and facial aesthetic products.
The global medical aesthetics market is divided into Minimally Invasive, Non-Invasive, Invasive, and others based on technology.
End-users bifurcate the medical aesthetics market into home care centers, cosmetic and beauty centers, medical spas, clinics, care centers, and hospitals.
Competitive Analysis
The global market for medical aesthetics has an intensely competitive landscape. The players in the market worldwide are adopting new strategies and making heavy investments in R&D to strengthen their global market footprint. The list of leading players in the global market for medical aesthetics includes companies such as En. S.p.A. (Italy), Johnson & Johnson (US), Fotona d.o.o. (Slovenia), Merz Pharma GmbH & Co. KGaA (Germany), Galderma (Switzerland), Allergan-AbbVie (US), Cutera, Inc. (the US), Anika Therapeutics (US), Cynosure (US), Alma Lasers, Ltd. (Israel), Medytox, Inc. (South Korea), and several others.
Regional Analysis
The global medical aesthetics market is studied across five major regions: North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.
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As per the research reports by MRFR, the global medical aesthetics market was dominated by the North American region in 2019. The regional market will likely maintain the top position over the review timeframe to end in 2028. Plenty of major market leaders is the primary aspect causing an upsurge in the regional market’s growth.
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The Asia-Pacific regional market for medical aesthetics is likely to register the highest growth rate over the review timeframe from 2021 to 2028. The regional market’s growth is being driven by the marketing steps commenced by recognized market players, growing support by governments to strengthen the local economies, and rising consumer knowledge. Additionally, the growth in investment in tourism is likely to accelerate the regional market’s growth over the coming years.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
