The Aesthetic Medicine by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aesthetic Medicine, The aesthetic medicine market size has grown strongly in recent years. It will grow from $62.37 billion in 2023 to $68.57 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to rising disposable income and urbanization, growing obese population and increasing popularity of noninvasive and minimally invasive aesthetic procedures.
The aesthetic medicine market size is expected to see strong growth in the next few years. It will grow to $96.66 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to increasing elderly population, rapid urbanization and rise in disposable income, increase in mergers and acquisitions. Major trends in the forecast period include product innovations, use of artificial intelligence in aesthetics, development of focal radio frequency technology, use of laser-assisted liposuction, and partnerships and collaborations.
The growing obese population across the globe is expected to propel the growth of the aesthetic medicine market. The increase in unhealthy food consumption, lack of physical activity, and parental & postnatal influences are contributing to rapid growth in the obese population across the globe. Individuals with obesity, seek aesthetic medicine for fat reduction, meso/face-lift, and other benefits through various invasive and non-invasive aesthetic medicine procedures. For instance, in July 2021, according to a European health interview survey on the overweight or obese population in Europe conducted by Eurostat, the statistical office of the European Union, reported that 52.7% of the adult population of Europe was overweight. Therefore, the growing number of obese populations across the globe is expected to drive the growth of the aesthetic medicine market.
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The aesthetic medicine market covered in this report is segmented –
1) By Product: Facial Aesthetic Products, Body Contouring Devices, Cosmetic Implants, Hair Removal Devices, Skin Aesthetic Devices, Other Products
2) By Procedure Type: Invasive Procedures, Non-Invasive Procedures
3) By End-User: Hospitals And Clinics, Medical Spas And Beauty Centres, Home Care
Top Major Players
AbbVie
Johnson & Johnson
Galderma
Bausch Health
Shanghai Fosun Pharmaceutical Co
Companies in the aesthetic medicine market are focused on product innovations and developing new products to strengthen their position in the market. For example, in January 2022, Lumenis, an Israel-based energy-based medical device company for aesthetic, surgical, and ophthalmic applications launched the Splendor X device to the UK market. The device is powered by BLEND X technology, a binary laser emission of Nd: YAG (neodymium-doped yttrium aluminum garnet; Nd: Y3Al5O12) (1064 nm) and Alexandrite (755 nm) wavelengths with synchronized and adjustable proportions and the device is suitable for both men and women and can be used on all Fitzpatrick skin types. It can treat any area of the body, including the face, bikini line, legs, arms, stomach, and underarms.
The aesthetic medicine market report table of contents includes:
1. Executive Summary
2. Aesthetic Medicine Market Characteristics
3. Aesthetic Medicine Market Trends And Strategies
4. Aesthetic Medicine Market – Macro Economic Scenario
5. Global Aesthetic Medicine Market Size and Growth
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32. Global Aesthetic Medicine Market Competitive Benchmarking
33. Global Aesthetic Medicine Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Aesthetic Medicine Market
35. Aesthetic Medicine Market Future Outlook and Potential Analysis
36. Appendix
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