Global Medical Aesthetics Market to Reach $31.6 Billion by 2027 - ResearchAndMarkets.com
The "Medical Aesthetics Market - Global Industry Analysis (2019 - 2021) - Growth Trends and Market Forecast (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The "Medical Aesthetics Market - Global Industry Analysis (2019 - 2021) - Growth Trends and Market Forecast (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The latest report forecasts that the market will rise at a CAGR of 13.9% during the period of assessment, 2022 and 2027. Predominantly driven by the escalating demand for a range of aesthetic procedures in reconstruction surgeries following trauma and severe burn cases, medical aesthetics are also likely to receive an impetus from soaring adoption during the process of chronic disease management.
The report expects global medical aesthetics market valuation to reach beyond US$31.6 Bn toward the end of 2027, pointing to the elevated prospects of digital aesthetics, and advanced techniques. The report however highlights the dearth of trained and certified aesthetics professionals, and potential complexities and risks associated with the most of aesthetic procedures will remain the key challenges facing market growth in long term.
Key Highlights into Global Medical Aesthetics Market:
- Global demand for medical aesthetics likely to rise by more than 13.9% through 2027
- Adoption at hospitals slated for over 15% growth through forecast period
- Liposuction to remain the most sought-after offering in medical aesthetics market, accounting for an estimated revenue share of around 18% by 2027
- Dominance of North America will prevail throughout the forecast period
- Asia Pacific likely to emerge highly lucrative with opportunities unfurling
- Increasing Spending on Physical Aesthetics Unlocks Revenue Generation Opportunities
Increasing conscious of consumers about their physical appearance has been elevating the prospects of medical aesthetics worldwide. Additionally, rising demand for advanced techniques is further spurring the market dynamics. With the boom around digital aesthetics growing denser, the market for medical aesthetics will witness a significant hike. As a greater number of consumers showcase their preference for minimally invasive, and non-invasive aesthetic procedures, it eventually fosters the demand for better physical appearance, thereby creating new business opportunities in medical aesthetics market. Moreover, there has been a growing interest of geriatric population about the potential benefits of the various aesthetic procedures over the recent past. This is also expected to bolster adoption of medical aesthetics in global market.
Asia Pacific Holds Maximum Business Opportunity, Dominance of North America Prevails
The developed western markets continue to surge ahead on account of the strong presence of some of the globally leading brands in industry, higher availability of government rebates, greater consumer spending power, and high availability of aesthetic treatment options. However, the fast-developing nations of Asia Pacific will reportedly develop greater growth potential in the near future. The report has projected 15.5% growth for Asia Pacific through 2027 end, attributing the most of it to the ascending medical tourism across the region, and improving availability of a range of aesthetic procedures at a relatively cheap price point.
A consistent rise in patient population considering medical aesthetics as a viable treatment alternative is expected to offer a major booster to market growth in Asian markets. While North America is poised to reach the valuation of US$10.5 Bn by 2027, the market in Asia Pacific is likely to attain the revenue of over US$8.4 Bn. Given the growing availability of aesthetics specialties, and surge in the volume of medical aesthetic surgeons, the popularity of aesthetic procedures is all set to climb up across the new untapped demographics, especially in China, and India.
Key Players in Medical Aesthetics Market
The medical aesthetics market report has a dedicated section throwing light on the strategic and financial information about the key competitors in the global landscape. A few of the profiled players include Galderma SA, Cutera, Inc., Moller Medical, Sientra, Inc., Solta Medical, Cynosure, Candela Medical, Lumenis Ltd, Merz Pharma GmbH & Co. KGaA, and Mentor Worldwide LLC.
Key Topics Covered:
1. Executive Summary
2. Market Overview
3. Global Medical Aesthetics Market Outlook, 2019 - 2027
4. Global Medical Aesthetics Market Attractiveness Analysis, by End user Type, Value, 2022 - 2027
5. Global Medical Aesthetics Market Outlook, By Region, 2019 - 2027
6. North America Medical Aesthetics Market Outlook, 2019 - 2027
7. Europe Medical Aesthetics Market Outlook, 2019 - 2027
8. Asia Pacific Medical Aesthetics Market Outlook, 2019 - 2027
9. Rest of the World Medical Aesthetics Market Outlook, 2019 - 2027
10. Competitive Landscape
11. Appendix
Companies Mentioned
- Allergan, Inc.
- Candela Medical
- Cynosure
- Cutera, Inc.
- Galderma SA
- Lumenis Ltd
- Merz Pharma GmbH & Co. KGaA
- Moller Medical
- Sientra, Inc.
- Solta Medical
- Mentor Worldwide LLC
For more information about this report visit https://www.researchandmarkets.com/r/95up0a
View source version on businesswire.com: https://www.businesswire.com/news/home/20220808005330/en/