Yahoo Finance Worldwide Medical Aesthetics Market Value to Reach US$31.6 Bn by 2027 End
Fairfield Market Research Indicates That the Global Medical Aesthetics Market Will Rise at Healthy Pace Of 13.9% CAGR During the Period Of Assessment (2022-2027)
London, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Sustained demand for reconstruction surgical procedures that consequently follow cases of severe burns, and post-accident trauma, predominantly drive the growth of global medical aesthetics market. Between 2022 and 2027, the medical aesthetics market is expected to rise at an impressive 13.9% CAGR as suggested by a newly released report of Fairfield Market Research. The report forecasts market valuation to reach nearly US$31.6 Bn by 2027 end. However, severe inadequacy of certified, professionally trained professionals in the field of aesthetics will remain the longstanding impediment facing medical aesthetics market according to the report.
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Key Research Insights
Adoption at hospitals slated for over 15% growth through forecast period
Liposuction will continue to be the most sought-after procedure with nearly 18% market share estimated by the end of 2027
North America’s market is poised to reach US$10 Bn by 2027, whereas that of Asia Pacific will closely follow with an estimated value of over US$8 Bn
Insights into Segmental Analysis
The report projects newer business opportunities whipping up with the rising consumer consciousness about overall aesthetic appearance, which in turn will augment the expenditure on the same. Notably rising demand for aesthetic procedures in addition to the growing boom around digital aesthetics will further drive the expansion of medical aesthetics market forward. The study further highlights increasing interest of the elderly population in the various advantages offered by different aesthetic procedures. This will reportedly fuel the growth of medical aesthetics market. Heightening demand for reconstruction surgeries is substantially influencing the performance of medical aesthetics market. Growing footfall at hospitals, clinics, home settings, as well as beauty treatment and spa centres for a wide range of minimally or non-invasive procedures adds value to overall demand dynamics of medical aesthetics in global market. Hospitals will however remain a highly vital end user segment that currently contributes nearly US$5 Bn to the global medical aesthetics market space.
Key Report Highlights
The potential complications and risks, plenty unlawful registered cases of procedures, lack of sufficient awareness, absence of standardization in terms of insurance and reimbursement, and exorbitant costs will continue to challenge the growth of medical aesthetics market to a large extent in long term.
Insights into Regional Analysis
Although North America retains dominance in global medical aesthetics market, the report anticipates Asia Pacific to demonstrate phenomenal growth in its market attractiveness over the next few years. The report expects North America to exceed the revenue of around US$10.5 Bn by the end of 2027 reflecting the maximum revenue generation opportunities for participants in the medical aesthetics market. Availability of government rebates, widespread availability of aesthetic treatment providers, and established market presence of some of the leading industry players have been marked as the top contributing factors for North America’s medical aesthetics market. On the flip side, the market across Asia Pacific benefits from the fast-developing economies that witness rapid proliferation of the physical/medical aesthetics providers across the region. Toward the end of forecast year, medical aesthetics market of Asia Pacific will most likely reach the revenue worth US$8.4 Bn. The market here will reportedly exhibit over 15% growth between 2022 and 2027. The report clearly attributes this thriving market attractiveness to the rapidly expanding consumer base for physical aesthetics, and exceptionally flourishing medical tourism sector.
Top Medical Aesthetics Companies
Galderma SA, Cynosure, Candela Medical, Lumenis Ltd, Cutera, Inc., Moller Medical, Merz Pharma GmbH & Co. KGaA, Mentor Worldwide LLC, Solta Medical, Sientra, Inc.
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REPORT SCOPE
Report Attributes | Details | |
Base Year | 2021 |
|
Forecast Year | 2022 – 2027 | |
Market Size in 2022 | US$14.4 Bn | |
Estimated Market Size in 2027 | US$31.6 Bn | |
CAGR | 13.9 % |
|
Key Players | Cynosure, Galderma SA, Candela Medical, Cutera, Inc., Lumenis Ltd, Moller Medical, Merz Pharma GmbH & Co. KGaA, Sientra, Inc., Mentor Worldwide LLC, and Solta Medical | |
Market Segmentation
Product Type
Liposuction
Eyelid Surgery
Tummy Tuck
Breast Augmentation
Nose Reshaping
Dermal Fillers
Chemical Peel
Microdermabrasion
Laser based Enhancements
Ultrasound Based Antiaging
Others
End User Type
Hospitals
Dermatology Clinics
Home Settings
Beauty Spas
Geographical Coverage
North America
Europe
Latin America
Middle East & Africa
Asia Pacific
Leading Companies
Allergan, Inc.
Candela Medical
Cynosure
Cutera, Inc.
Galderma SA
Lumenis Ltd
Merz Pharma GmbH & Co. KGaA
Moller Medical
Sientra, Inc.
Solta Medical
Mentor Worldwide LLC
Others
Report Inclusions
Market Estimates and Forecast
Market Dynamics
Industry Trends
Competition Landscape
Product-wise Analysis
End User-wise Analysis
Region-wise Analysis
Country-wise Analysis
Key Trends Analysis
COVID-19 Impact Analysis
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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