Aesthetic Medicine and Cosmetic Surgery Market

Market Overview

According to Reed Intelligence the Global Aesthetic Medicine and Cosmetic Surgery Market Size will approximately grow at a CAGR of 10.8% during the forecast period.

Aesthetic medicine and cosmetic surgery are two areas that focus on improving a person's appearance. They offer a variety of surgeries and treatments to improve the look of the face and body, slow the signs of age, and boost confidence. 

Aesthetic medicine mostly involves non-invasive or minimally invasive procedures done by dermatologists, plastic surgeons, or trained medical workers. These methods often don't require surgery and have quicker recovery times. Some popular cosmetic medicine treatments are Botox injections, dermal fillers, chemical peels, laser hair removal, and non-surgical body shaping.

On the other hand, cosmetic surgery involves surgery done by highly trained plastic surgeons. These treatments require incisions, anesthesia, and longer healing periods. Cosmetic surgery can help with many problems, such as breast enlargement, rhinoplasty, facelifts, liposuction, and tummy tucks.

Both aesthetic medicine and cosmetic surgery help people reach their beauty goals, improve self-esteem, and enhance their overall appearance.

Market Dynamics

Market Drivers

• Demand For Cosmetic Procedures Is Growing

In the modern era, there is an immense emphasis on how we appear and satisfy beauty standards. This emphasis has increased the demand for cosmetic operations. People desire to improve their looks, eliminate symptoms of aging such as wrinkles and sagging skin, and feel more confident about themselves. The growing desire to improve physical appearance and promote self-esteem drives the rise of the markets. The demand for such procedures is increasing as more people seek ways to look and feel their best.

Market Restraints

• Consumers May Have Safety Concerns

Even though advancements have made cosmetic treatments safer, risks are still involved. Complications and side effects can happen, which can cause patients to worry. The most important thing is to make sure patients are healthy. It needs doctors and nurses to get the right training and follow high standards of care. They need to know about possible side effects and problems and how to deal with them effectively. By putting patient safety first, healthcare workers can reduce risks and ensure people get the best care possible. 

Market Opportunities

• Can Be Catered To Male Aesthetics.

Originally, aesthetic medicine and cosmetic surgery catered primarily to female patients. However, the demand for aesthetic procedures among males is expanding. This untapped market segment can be tapped by expanding services and devising male-specific treatments, such as hair restoration, body contouring, and cosmetics. This untapped segment can contribute significantly to the growth of the market.

Market Scope

Segmental Analysis

Segment by Type

• Surgical Procedures

Surgical products are tools, instruments, and medical devices used during surgery. These products are made to help surgeons and other medical professionals do their jobs. Some examples of surgical products are scalpels, forceps, sutures, surgical drapes, surgical gloves, and sterilization equipment.

• Non-Surgical Procedures

Non-surgical products are cosmetic or medical items that can improve your appearance without surgery. These items are put on the skin or administered in non-invasive ways. Some examples are dermal fillers injected into the skin to add volume and smooth out lines, topical skincare products like cleansers and lotions, and devices that use lasers or ultrasound to remove hair or shape the body.

Segment by Application

• Hospitals & Clinics

Hospitals and clinics are where most aesthetic medicine and cosmetic surgery treatments occur. These healthcare facilities have specialized departments and surgical rooms for a wide range of aesthetic treatments. Plastic surgeons, dermatologists, and other medical professionals work in clinics and hospitals to provide surgery and non-surgical treatments. Most of the time, these places have the infrastructure, medical tools, and trained staff to handle a variety of aesthetic treatments.

• Beauty Centers & Medical Spas

Beauty centers and medical spas focus on offering physical treatments and services in a more relaxing and spa-like environment. These centers usually offer a mix of non-invasive or minimally invasive aesthetic procedures such as dermal fillers, Botox shots, chemical peels, laser treatments, and skin care services. They may also offer massages, haircuts, and body treatments as extra health services. People who want to improve their appearance in a more luxurious and relaxing atmosphere go to beauty centers and medical spas

Regional Analysis

North America

Personal care and beauty are important to northern Canadian shoppers. They are becoming more interested in natural and organic beauty items and more aware of eco-friendly and safe choices. This means they like products made with natural ingredients and don't hurt the world too much. Northern Canadians are becoming more interested in clean beauty and environmentally friendly products. Due to this, the demand for these products has grown in the market.

Europe

Europe has a lot of older adults because birth rates are decreasing, health care is getting better, and people are living longer. There are many older people in Europe, which affects many businesses, including cosmetics. There are ways for brands to meet the wants and tastes of older customers, such as by making anti-aging products and products that focus on health. Due to this, the demand for the product has grown in this region.

Asia Pacific

In the Asia Pacific region, the disposable income of people is increasing. Due to this, consumer preference is changing. The people are more intended towards their health and appearance. For this, they use aesthetic medicine and cosmetics products. This has increased the demand for the products and increased the market share.

Key Players

1. Allergan
2. Alma Laser
3. Cynosure
4. Galderma
5. Lumenis
6. Johnson & Johnson
7. Merz Aesthetics
8. PhotoMedex
9. Syneron Medical
10. Valeant International
11. Zeltiq Aesthetics
12. GC Aesthetics
13. Sientra
14. Polytech Health & Aesthetics
15. HansBiomed
16. Cutera
17. Anika Therapeutics
18. Suneva Medical
19. Blue Plastic Surgery 
20. NuYu Medispa
21. Al Qamra Holding Group
22. Premium Naseem
23. Dr. Makki Plastic Surgicentre
24. Medica Group
25. Silkor
26. Al Emadi Hospital

Recent Developments

On May 20, 2022 - Merz Aesthetics has partnered up with the National Women's Soccer League (NWSL) team North Carolina Courage. As part of the deal, the NC Courage's shirts will have the Merz Aesthetics logo on the lower back until 2023. The partnership aims to encourage confidence, good character, and sportsmanship.