The global aesthetic medicine market was valued at USD 55.8 billion in 2019 and is expected to reach USD 120.3 billion in 2028 while growing at a CAGR of 9% over the forecast period. Advancement in technology coupled with growing demand for minimally invasive surgical procedures are key factors driving the growth of the global aesthetic medicine market.
Furthermore, the surge in disposable income has enhanced the requirement for cosmetic operations, thereby accelerating market growth. An increasing population vulnerable to signs of ageing combined with a growing knowledge of physical appearance is expected to further boost the market for aesthetic medicine. The trend in aesthetic combination therapy is growing. In order to produce smoother and sustainable performance, aesthetics is now paired with lasers and radio frequency.
Adroit Market Research report on global aesthetic medicine market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities, and challenges. The market has been studied for the period 2018 to 2028, with the base year of estimation as 2019 and forecast from 2020 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market competition with Porter's five forces analysis and company positioning based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global aesthetic medicine market have been studied in detail.
North America currently holds the largest share in aesthetic medicine market owing to the presence of significant number of major players across the region along with growing investments by the established firms. However, Asia Pacific is going to record growth at a faster pace on account of growing geriatric population especially across emerging economies such as India, China, and Japan in particular. Furthermore, the market growth across the Asia Pacific region is attributed to rising government focus on development of advanced healthcare facilities for the growing population.
The prominent players operating in global aesthetic medicine market includes Cynosure (Hologic, Inc.), Johnson & Johnson, Alma Lasers, Galderma S.A., Allergan, Inc., Solta Medical, Syneron Candela, Lumenis, Valeant International, Zeltiq Aesthetic among other prominent players.
Key segments of the global aesthetic medicine market
Invasive Procedures Overview, 2018-2028 (USD Billion)
- Breast Augmentation
- Nose Reshaping
- Eyelid Surgery
- Tummy Tuck
Non-Invasive Procedures Overview, 2018-2028 (USD Billion)
- Botox Injections
- Soft Tissue Fillers
- Chemical Peel
- Laser Hair Removal
Regional Overview, 2018-2028 (USD Billion)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East and Africa