Global Medical Aesthetics Market is expected to reach USD 26.53 billion by 2024 from USD 10.12 billion in 2016, at a CAGR of 12.8% in the forecast period 2017 to 2024.
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Medical Aesthetics Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030. The global medical aesthetics market is estimated to be over US$ 9.0 Bn in 2017. It is anticipated to grow at a double digit CAGR from 2019 to 2030
According to the study, the global medical aesthetics market is likely to grow from $8.6 billion in 2016 to $19.4 billion by 2023. Advancement in laser technology, growing awareness among consumers, and health benefits of medical aesthetics procedures have been driving the global medical aesthetics market. The market is further expected to gain revenue due to shift in the preference from surgical to non-surgical procedures. There has been a significant growth in non-surgical medical spa procedures in the recent years, resulting from better technologies, such as intense pulsed light and advanced laser based aesthetics equipment.
Medical Aesthetics Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030. The global medical aesthetics market is estimated to be over US$ 9.0 Bn in 2017. It is anticipated to grow at a double digit CAGR from 2019 to 2030
Global Medical Aesthetics Market is expected to reach USD 26.53 billion by 2024 from USD 10.12 billion in 2016, at a CAGR of 12.8% in the forecast period 2017 to 2024.
The market for Medical Aesthetic Market was valued at a staggering 9 US$ billions in the year 2017 and was expected to grow at a double-digit CAGR in the forecast period of 2019 to the year 2030. The study conducted at MIR also contains industry analysis, share of the market, growth rate and the ongoing trends related to Medical Aesthetic market.
Global Medical Aesthetic Market, By Product Type (Aesthetic Laser Devices, Energy Devices, Skin Tightening and Body Contouring Devices, Aesthetic Implants, Facial Aesthetic Devices), By Applications (Anti Aging and Wrinkles, Facial & Skin Rejuvenation, Vascular Lesions, Body shaping & cellulite, Breast Enhancement, Scars, Pigment Lesions, Reconstructive Surgery, Tattoo Removal, Hair Removal, Psoriasis & Vitilgo, Skin Surgery, Skin Tightening), By End-User (Hospitals , Dermatology Clinics, Cosmetic Centers, Medical Spas & Beauty Center), By Distribution Channel (Direct Tenders, Retail), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
According to the American Society of Plastic Surgeons (ASPS), the numbers of Americans opting for minimally-invasive cosmetic procedures have witnessed a growth of nearly 200% since 2000. Shorter hospital admittance time, lesser procedure associated pain and fewer complications have been pivotal in contributing to the growing adoption of minimally-invasive procedures.
The major factors driving the growth of this market are the growing aging population, increasing awareness among the customers about cosmetic procedures in Europe. These factors increase the demand for medical aesthetics products. On the other hand, stringent regulations imposed local authorities and high cost of treatment may hinder the growth of the market.
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