Aesthetic Medicine Market Size and Share, Sector / Industry Report & Analysis, 2019-2025 (Includes Business Impact of COVID-19)

  • TBI209456
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                              Abstract, Snapshot, Market Analysis & Market Definition: Global Aesthetic Medicine Market

The global aesthetic medicine market size was valued at USD 8.5 billion in 2018 and is projected to expand further at a CAGR of 8.8% from 2019 to 2026. Introduction of technically advanced products enabling minimally invasive surgeries is identified as the most influential growth driver. Moreover, rise in disposable income has boosted the demand for cosmetic surgeries, thereby accelerating market growth.
On the other hand, adverse effects associated with these aesthetic procedures continue to negatively impact the consumer preference index. Moreover, stringent regulatory framework, to ensure product safety and efficacy, and high costs of the overall treatment may limit the growth. In addition, surgical and minimally invasive procedures require skilled professionals.
Thus, lack of experts in the field may also have a negative impact on the market development. However, rising number of working individuals, especially in the emerging markets of Asia Pacific like India and China, is likely to support market development over the forecast period.
Thus, with improving employment, the demand for aesthetic medicines is going to increase during the forecast period. Moreover, rising geriatric population is also expected to boost the product demand, thereby propelling market growth. Geriatric population is highly prone to wrinkles, lack of skin elasticity, dark spots, and other skin problems, which can be treated with aesthetic medicines.

Market Segmentation, Outlook & Viewpoint: Global Aesthetic Medicine Market

Product Market Segmentation & Outlook (Revenue, 2014 - 2026 (USD Billion))

Energy-based Devices

Aesthetic Laser Devices

Body Contouring Devices

Microdermabrasion Devices

Ultrasound Devices


Anti-wrinkle Products

Botulinum Toxin

Dermal Fillers

Chemical Peel

End Use Market Segmentation & Outlook (Revenue, 2014 - 2026 (USD Billion))

Clinics and Beauty Centers

Home Use

Key Players, Recent Developments & Regional Insights: Global Aesthetic Medicine Market

Based on products, the market is segmented into energy-based devices, implants, and anti-wrinkle products. Anti-wrinkle products accounted for the largest market share of more than 45% in 2018 owing to their affordable costs and high consumer awareness levels regarding product availability. The segment is projected to expand further the highest CAGR form 2019 to 2026 owing to easy availability and instant and persistent results of these products.
The energy-based devices segment is further categorized into aesthetic laser, body contouring, microdermabrasion, and ultrasound devices. Among these, aesthetic laser accounted for the largest market share in 2018. High cost of these products coupled with wide application areas including laser resurfacing, hair removal, and others resulted in it being the largest revenue-generating segment in the past. On the other hand, microdermabrasion segment is expected to witness comparatively slower growth owing to risk of skin bruising or permanent discoloration.
End Use Insights
Clinics and beauty centers segment led the overall market, in terms of revenue, in 2018 and is projected to expand further at a healthy CAGR from 2019 to 2026. High costs of professional devices, stringent regulatory guidelines for their usage, and requirement of skilled professionals are some factors attributing to the segment’s growth.
Most commonly, invasive procedures are performed in clinics and beauty centers. Costs of surgical procedures are higher than non-surgical procedures as it includes hospital stay (in some cases), skilled professionals, and costly tools. According to the international survey on cosmetics by the International Society of Aesthetic Plastic Surgery (ISAPS), 10,766,848 surgical and 12,623,694 non-surgical procedures were performed globally in 2017.
On account of a large number of surgical procedures being performed in professional clinics, the demand for aesthetic medicine is the largest in this segment. Moreover, products used in clinics are costlier than the ones used in home settings. As a result, clinics and beauty centers segment is expected to show significant growth during the forecast period.

Regional Insights
Asia Pacific accounted for the largest market share of over 35% in 2018. It is projected to maintain its dominance throughout the forecast years owing to rising number of surgical procedures being performed each year. Moreover, cheaper treatment costs and availability of advanced techniques and skilled professionals in the region are attracting customers.
Moreover, rising population, especially in China and India, along with rising disposable income and number of working individuals in the region is generating demand for aesthetic procedures. As a result, Asia Pacific is expected to witness the maximum CAGR of 11.5% from 2019 to 2026.
Aesthetic Medicine Market Share Insights
The global market is highly fragmented with many regional companies competing with international manufacturers. However, strict regulatory approval process is challenging the entry of new products into the market. Some of the key companies in the market include Allergan, Inc.; Alma Laser; Cynosure; Galderma S.A.; Lumenis; Johnson and Johnson; Solta Medical, Inc.; and Syneron Medical Ltd.

Key Insights Covered: Global Aesthetic Medicine Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Aesthetic Medicine industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Aesthetic Medicine industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Aesthetic Medicine industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Aesthetic Medicine industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Aesthetic Medicine industry.

Research Methodology: Global Aesthetic Medicine Market
  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
Chapter 1 Methodology and Scope
1.1 Market segmentation & scope
    1.1.1 Product
    1.1.2 End use
    1.1.3 Regional scope
    1.1.4 Estimates and forecast timeline
1.2 Research Methodology
1.3 Information Procurement
    1.3.1 Purchased database
     1.3.2. HCC’s Internal Database
    1.3.3 Secondary sources & third party perspectives
    1.3.4 Primary research
    1.3.5 Details of primary research Data for primary interviews in North America Data for primary interviews in Europe Data for primary interviews in Europe
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