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Redding, California - October 3, 2022

Medical Aesthetics Market Worth $29.43 billion by 2029

Medical Aesthetics Market by Product (Facial Aesthetics, Body Contouring, Cosmetic Implant, Physician Dispensed Cosmeceuticals, Skin Aesthetic, Thread Lift), End User (Hospitals, Clinics, & Medical Spas, Beauty Centers, & Home Care) - Global Forecast to 2029

Meticulous Research®– leading market research company published a research report titled Medical Aesthetics Market by Product (Facial Aesthetics, Body Contouring, Cosmetic Implant, Physician Dispensed Cosmeceuticals, Skin Aesthetic, Thread Lift), End User (Hospitals, Clinics, & Medical Spas, Beauty Centers, & Home Care) - Forecast to 2029”.

According to this latest publication from Meticulous Research®, the medical aesthetics market is expected to grow at a CAGR of 10.4% from 2022-2029 to reach $29.43 billion by 2029. A major factor contributing to market growth is the growing adoption of minimally invasive and non-invasive aesthetic procedures. Cosmetic or aesthetic procedures are becoming increasingly popular among people of all ages globally. The increasing need to maintain and enhance one’s physical appearance and look younger has boosted the adoption of aesthetic products and procedures globally. Fat reduction aesthetic devices can enhance the physical appearance of obese persons. Liposuction has become one of the key aesthetic procedures for fat reduction and obesity control.

Additionally, the growing adoption of home-use aesthetic devices is expected to offer significant growth opportunities for the players operating in the medical aesthetic devices market.

COVID-19 Leading to Increased Adoption of At-Home Aesthetic Products

During the pandemic, the medical spas and beauty centers were shut down. Hence, many procedures were postponed. There has been an increasing demand and utilization of home-use aesthetic devices due to their easy availability through various distribution channels such as retail stores, spas, and online stores. Laser-based and light-based therapies are increasingly becoming popular home-use devices. LED light treatments are used for skin healing and the treatment of precancerous lesions, acne, and rosacea at home. They also stimulate fat shrinkage and the production of new collagen and blood vessels in the skin. Leading players are increasingly launching new home-use aesthetic devices in the market. For instance:

  • In 2021, Shani Darden Skincare, Inc. (U.S.) launched the Facial Sculpting Wand. The device uses vibration therapy for a tighter and toned facial appearance.
  • In 2020, OPTE (U.S.) launched a handheld device for treating hyperpigmentation. The product has an ultra-precise camera, blue light, and microprocessor that helps find hyperpigmentation and age spots.

Several companies offer home-use RF therapy devices and handheld LED light devices that effectively treat sagging skin, wrinkles, and collagen growth, improve inflammatory acne, and treat skin infections. Hyaluron pens also are gaining traction as at-home medical aesthetic devices. These products are used to inject fillers, generally hyaluronic acid, without the use of traditional needles or syringes.

The medical aesthetics market study presents historical market data in terms of values (2020 and 2021), estimated current data (2022), and forecasts for 2029. The medical aesthetics market study includes the market analysis by product [facial aesthetic products (botulinum toxin, dermal fillers, chemical peels, microdermabrasion devices, acne treatment devices), body contouring devices (nonsurgical fat reduction devices, liposuction devices, cellulite reduction devices, body shaping), cosmetic implants (breast implants {silicon implants, saline implants}, facial implants, other implants), physician-dispensed cosmeceuticals, skin lighteners, and eyelash products, aesthetic skin devices (nonsurgical skin tightening devices, laser skin resurfacing devices, light therapy devices, micro-needling products), hair removal devices {laser hair removal devices, IPL hair removal devices}, tattoo removal devices, thread lift products, nail treatment laser devices)], end user (hospitals, clinics, and medical spas, beauty centers, home care settings) and geography. The study also evaluates industry competitors and analyzes the regional and country markets.

Based on product type, the facial aesthetic products segment is estimated to command the largest share of the medical aesthetics market in 2022. The major factors contributing to the large market share of this segment are people's growing interest in enhancing their facial features, a cheaper alternative to invasive beauty treatments, and the wide availability of advanced facial aesthetic products.

Based on end user, the medical aesthetics market is segmented into hospitals, clinics & medical spas, beauty centers, and home care settings. In 2022, the hospitals, clinics, and medical spas segment is estimated to account for the largest share of the medical aesthetics market. Major factors contributing to the growth of this segment are the rising demand for non-invasive aesthetic procedures and the proliferation of medical spas and clinics having infrastructure well-equipped with technologically advanced instruments/devices and skilled professionals.

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, U.K., Italy, France, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Thailand, and RoAPAC), Latin America (Brazil, Mexico, and RoLATAM), and the Middle East & Africa. North America is estimated to dominate the medical aesthetics market in 2022, followed by Europe and Asia-Pacific. The growing healthcare sector, increasing awareness and adoption of aesthetic procedures among the population, rising incidences of skin diseases, various technological advancements, and an increase in the consciousness about physical appearances propels the growth of this market in North America.

Key Players

The key players operating in the medical aesthetics market are Cutera, Inc. (U.S.), Galderma SA (Switzerland), El.En. S.p.A. (Italy), Merz Pharma GmbH & Co. KGaA (Germany), Cynosure, LLC (U.S.), Mentor Worldwide LLC (U.S.), AbbVie Inc. (U.S.), Sisram Medical Ltd (Israel), Fotona D.O.O (Slovenia), Sientra, Inc. (U.S.), Sinclair Pharma (U.K.), Candela Corporation (U.S.), Sciton, Inc. (U.S.), Revance Therapeutics, Inc. (U.S.), and Solta Medical (U.S.).

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Key questions answered in the report-

  • Which are the high-growth market segments in terms of product, end user, and region/countries?
  • What was the historical market for medical aesthetics across the globe?
  • What are the market forecasts and estimates for the period 2022–2029?
  • What are the major drivers, restraints, opportunities, and challenges in the medical aesthetics market?
  • Who are the major players in the medical aesthetics market?
  • What is the competitive landscape, and who are the market leaders in the medical aesthetics market?
  • What are the recent developments in the medical aesthetics market?

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