According to our latest study on “Medical Aesthetics Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, and End User,” the market is projected to reach US$ 16,034.87 million by 2028 from US$ 7,039.06 million in 2021; it is expected to register a CAGR of 12.5% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the market.
In the low-income economies of Asia Pacific, the pandemic hampered medical device manufacturing, laser systems usage, and other healthcare infrastructure problem. Japan and Australia kept conducting virtual international conferences to assess the impact of pandemic on the Asia Pacific medical aesthetics market. The infection outbreak created a seismic shift in cosmetics and beauty practices in the region for a considerably long time. However, with the waves and lockdowns receding, the local demand for cosmetic treatment surged back, enabling aesthetic industry to cope with the losses.
Technologically advanced cosmetic devices, increasing awareness about aesthetic procedures, growing acceptance of minimally invasive procedures, and rising obese population have been the primary forces fueling the global medical aesthetics market. People worldwide are becoming more aware of appealing aesthetic procedures. Increasing number of social media users and the sensitization of the masses towards appearance are being attributed to the improved sales of medical aesthetic devices.
Post-surgical clinical improvements, risks and complications, and surgical downtime are the parameters validating plasma technology as a new regenerative modality. The plasma skin regeneration (PSR) technology has been effective in treating facial arrhythmias, sun keratosis, seborrheic keratosis, and warts. Research has proved the fruitful clinical effects of PSR on periorbital rejuvenation. It also treats severe conditions such as traumatic scars, benign familial pemphigus, and porokeratosis.
Based on product, the medical aesthetics market is subsegmented into facial aesthetic products, cosmetic implants, body contouring devices, skin aesthetic devices, hair removal devices, tattoo removal devices, and others. In 2021, the facial aesthetic products segment is expected to hold the largest share of the market. However, the skin aesthetic devices segment is expected to register the highest CAGR during the forecast period.
In terms of geography, the medical aesthetics market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Spain, and Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and Rest of APAC), the Middle East & Africa (Saudi Arabia, South Africa, the UAE, and Rest of MEA), and South and Central America (Brazil, Argentina, and Rest of SCAM).
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