Published: February 2024
According to a recently published report by Roots Analysis, the growing social media influence and the ageing population is driving the growth of medical aesthetics market.
The global medical aesthetics market is anticipated to grow at a CAGR of 9.4% from 2023-2035, reaching USD 102 billion by 2035
The aspiration to achieve lifelong youthfulness, growing social media influence and several benefits associated with non-invasive and minimally invasive medical aesthetic treatments has contributed to the surge in demand for these procedures. Medical aesthetics encompasses a diverse array of procedures, including Botox, dermal fillers, chemical peels, body contouring, hair removal, gluteal implants and breast implants. These procedures help in enhancing an individual’s cosmetic appearance by peeling, skin resurfacing, skin rejuvenation, sculpting and firming several parts of the body. The widespread applications of medical aesthetic procedures, especially in reducing the signs of aging has led to the popularity of these treatments. Driven by the growing demand for medical aesthetic procedures and the ongoing technological advancements, the medical aesthetics market is poised to experience noteworthy growth during the forecast period.
Browse 145+ figures and 235+ market data tables spread across 345+ pages and detailed Table of Content on “Medical Aesthetics Market by Type of Products and / or Devices Offered, Type of Procedure, End-user, Gender, Distribution Channel, and Key Geographical Regions: Industry Trends and Global Forecasts, 2023-2035” here: https://www.rootsanalysis.com/reports/medical-aesthetics-market.html
Several factors are contributing towards growth of the medical aesthetics market; however, the growing social media influence and the non-invasive nature of such procedure play a significant role in the growth of this industry. These medical aesthetic solutions are painless, result in fewer complications and lead to short hospital stays. In addition, the growing social media influence along with the desire to achieve flawless skin and body can significantly contribute towards increased demand of medical aesthetic treatments. Further, the increase in population of elderly and people’s concerns regarding their self-image has led to an increased demand for anti-aging treatments and cosmetic procedures. This demographic shift has a significant impact on market trends, leading to the development of innovative and personalized solutions to address age related issues, shaping the aesthetics industry landscape.
While the medical aesthetics market is experiencing a substantial activity, there are some factors that are restricting the growth of this industry. One of the primary restraints is the stringent control of the regulatory bodies, such as FDA in the US, EMA in Europe and Health Canada for manufacturing quality products and employment of licensed professionals. These regulatory requirements can result in delayed product launches, inhibiting growth for small businesses / start-ups. Moreover, the risk of probable side-effects can negatively impact the medical aesthetics market. Further, the negative perceptions about medical aesthetic treatments can discourage potential customers from seeking cosmetic enhancements. In addition, increasing pressure from social media activists to recognize and appreciate all skin types, skin tones and body forms can also hinder the overall success of the medical aesthetics market.
Despite the challenges, various growth factors continue to drive the medical aesthetics market forward. One notable factor that can help in the development of more efficient, and innovative products and devices is the integration of technologies, such as virtual reality, augmented reality and artificial intelligence (AI). AI can help in creating customized treatment plans based on the unique characteristics of a patient whereas virtual reality and augmented reality can help patients in choosing the right treatment option based on simulated visuals for different treatment outcomes. Additionally, building an effective distribution network can help players in maximizing their gains and profitability from untapped markets. Further, patients traveling abroad for aesthetic procedures tend to look for cost-effective alternatives without sacrificing quality, resulting in increased demand for clinics and aestheticians that provide competitive pricing. Therefore, rising medical tourism can also help in shaping the future of the medical aesthetics industry.
The medical aesthetics market report also includes detailed profiles of key players (listed below) that offer medical aesthetic solutions:
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Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights. All reports provided by us are structured in a way that enables the reader to develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we provide bespoke research / consulting services dedicated to serve our clients in the best possible way.
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