Medical Aesthetics Market Size to Hit USD 102 Billion by 2035 | Exclusive Report by Roots Analysis

The rising desire for perpetual youth, the growing impact of social media, and the numerous advantages linked to non-invasive and minimally invasive medical aesthetic procedures have spurred an increased demand for these treatments. 

Medical aesthetics encompass various interventions, such as Botox, dermal fillers, chemical peels, body contouring, hair removal, gluteal implants, and breast implants. These interventions contribute to improving one's appearance through processes like peeling, skin resurfacing, rejuvenation, sculpting, and firming different body parts. The diverse applications of medical aesthetic procedures, especially in addressing signs of aging, have fueled their popularity.

Furthermore, growing awareness, technological advancements and rising older population are some of the key drivers anticipated to boost market growth.

By type of products and / or device offered, breast implant procedures are expected to account for the largest share of the global medical aesthetics market

The large share of this market is attributed to the high costs associated with such surgical procedures. It is interesting to note that breast augmentation is one the most popular surgical procedure with around 300,000 people undergoing surgery in the US every year. In addition, increasing incidence of breast cancer contributes to the overall demand for breast implantation procedures. 

By type of procedure, invasive procedures hold a significant market share during the forecast period

The large share of invasive procedures in the medical aesthetics market is likely due to increasing incidence of breast cancer and efforts of stakeholders to make such procedures more appealing to provide more natural looking results to people seeking breast augmentation procedures.

By end user, clinics / med spas and dermatology / cosmetology centers segment is likely to lead the global medical aesthetics market

Clinics / med spas and dermatology / cosmetology centers are likely to capture the majority market share of the market. This can be attributed to lower cost of procedures incurred at these facilities since in case of hospitals, the procedures are done by experienced plastic surgeons.  In addition, common minimally invasive and non-invasive procedures are relatively simpler, and these types of procedures are usually performed at medical spas and dermatology centers leading to higher absorption of medical aesthetic products and / or devices at these sites. 

By gender, females hold significant market share of the global medical aesthetics market

The current market is primarily driven by female clientele. This can be attributed to increased awareness, social media influence and increasing consciousness regarding outer appearance, especially among some women.  

By distribution channel, indirect distribution channel is expected to account for the largest share of the global market

The current medical aesthetics market is likely to be driven by indirect distribution channels. This is primarily due to the fact that medical aesthetic companies mainly rely on distributors and other e-commerce portals for distribution of their products and / or devices. 

Medical Aesthetics Medicine Market – Regional Analysis

North America is expected to dominate the medical aesthetics market. Numerous factors contribute to the region’s dominance in this industry, which include the presence of several well-established companies with extensive manufacturing (products and / or devices) capabilities, that foster innovation and drive the demand for medical aesthetic products and devices. 

Further, the growing demand of medical aesthetic procedures performed, especially in the US, contributes towards overall market. This can be attributed to the increase in disposable income due to money saved on other things, such as travel and dining out during the pandemic.

Asia-Pacific is also one of key region for the with countries like South Korea, China, Japan and India playing a central role. It is worth highlighting that, in the coming years, owing to the anticipated increase in the demand for medical aesthetic procedures, the market in Asia is likely to grow at a higher CAGR as compared to other regions. 

Factors such as growing aesthetic awareness, increasing medical aesthetics tourism, developing healthcare infrastructure and affordable price of treatments in this region is likely to propel the market.

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Key Market Players

ADSS, Allergan Aesthetics, Astiland, Beijing Kes Biological Technology, BTL Aesthetics, Candela Medical, Classys, Croma Pharma, Cynosure, Daeyang Medical, Establishment Labs, Galderma, Guangzhou Itech Aesthetics, IBSA, Lumenis, Lutronic, MedicalZone, Mentor, Sanhe Medical, Shanghai Haohai Biological Technology, Sinclair Pharma, Sincoheren, Skin Tech Pharma, Wontech, Zesay Beauty

Medical Aesthetics Market – Key Segments

by Type of Product and / or Device Offered

§  Botulinum toxin

§  Dermal Fillers

§  Chemical Peels

§  Body Contouring

§  Gluteal Implants

§  Hair Removal

§  Breast Implants

§  Other Products and / or Devices

by Type of Procedure

§  Non Invasive

§  Minimally Invasive

§  Invasive

by End-user

§  Hospitals

§  Clincs / Med Spas and Dermatology / Cosmetology Centers

§  Other End-users

by Gender

§  Male

§  Female

by Distribution Channel

§  Direct Distribution

§  Indirect Distribution

by Key Geographical Regions

North America

§  US

§  Canada

§  Mexico

Europe

§  UK

§  Germany

§  France

§  Italy

§  Spain

§  Rest of the Europe

Asia-Pacific

§  China

§  South Korea

§  Japan

§  India

Middle East and North Africa

§  Turkey

§  Iran

§  Rest of the Middle East and North Africa

Latin America

§  Brazil

§  Argentina

§  Rest of the Latin America

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