According to a new market research report “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 Care Settings)–Global Forecast to 2025”, published by Meticulous Research®, the global medical aesthetics market is expected to grow at a CAGR of 11.5% from 2019 to reach $22.2 billion by 2025.
Medical aesthetics market comprises advanced products and technologies used by skilled medical professionals or aesthetic specialists for improving physical appearance of patients. Various invasive and noninvasive procedures are primarily designed for the significant enhancement and cosmetic change in patient’s appearance, and these are collectively termed as medical aesthetics procedures. Currently, there is an increasing demand of cosmetic procedures among the millennials and younger generation with increasing influence of social media, which is driving the growth of the medical aesthetics products market. Growing technological advancements and wider acceptance of cosmetic procedures among the diversified geographies across the globe is also contributing to the growth of the medical aesthetics market. The innovation in this market is primarily focused towards developing convenient, faster, and low risk products and procedures for patients. Furthermore, the growth of the medical tourism industry in APAC and Latin America region focused towards cosmetic procedures is also expected to create a greater demand for technologically advanced medical aesthetic products in these regions, thereby supporting the growth of the global medical aesthetics market over the forecast period.