The “Medical Aesthetics Market by Product (Facial Aesthetics, Cosmetic Implants, Skin Aesthetic Devices, Thread Lift Products, Body Contouring Devices, Hair Removal Devices), End User (Hospitals, Medical Spas, Home Settings) – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global medical aesthetics market is expected to grow at a CAGR of 11.5% from 2019 to reach $22.2 billion by 2025
The factors such as increasing adoption of minimally invasive and noninvasive aesthetic procedures, increasing public awareness about cosmetic procedures, and rising adoption of surgical and non-surgical cosmetic treatments among the geriatric population to improve their appearance are driving the growth of this market. However, risk and complications associated with medical aesthetic procedures may hamper the growth of this market to a certain extent.
The global medical aesthetics market is mainly segmented by product (facial aesthetics, cosmetic implants, skin aesthetic devices, physician-dispensed cosmeceuticals and skin lighteners, thread lift products, body contouring devices, hair removal devices, tattoo removal devices, and nail treatment laser devices), end-user (hospitals, clinics, and medical spas, beauty centers, and home care settings), and geography.
On the basis of product type, the facial aesthetics segment is expected to dominate the global medical aesthetics market in 2019, owing to the increasing demand for medical aesthetics procedures from geriatric population across the globe towards improving or maintaining their appearance, coupled with greater availability and adoption of technologically advanced products in the facial aesthetics market segment.
Based on end-user, the hospitals, clinics, and medical spas segment is estimated to hold the largest share in 2019. Hospitals, clinics, and medical spas are typically well-equipped with technologically advanced instruments/devices and have skilled professionals to provide effective cosmetic treatments to their patients. This has led to their greater share in the global medical aesthetics market.
North America commanded the largest share of the global medical aesthetics market. The large share of this region is mainly attributed to the factors such as growing healthcare sector; increasing awareness and adoption of aesthetic procedures among the population; growing healthcare expenditure; rising incidences of skin diseases; various technological advancements; and increase in the consciousness about physical appearances.