Medical Aesthetics Market Size, Share, Growth Analysis, By Product (Facial Aesthetic Products, Body Contouring), By Procedure (Surgical, Non-surgical), By End-user (Clinics, Hospitals, And Medicals Spas, Home Care Settings), By Region - Industry Forecast 2024-2031

Global Medical Aesthetics Market size was valued at USD 13.1 billion in 2022 and is poised to grow from USD 14.4 billion in 2023 to USD 35.6 billion by 2031, growing at a CAGR of 10.1% in the forecast period (2024-2031).

The aesthetic market is witnessing a boom due to the wide range of products and services offered. This is due to the reason that there is continuously rising acceptance of cosmetic treatment methods would be society on the move with different sets of norms or priorities for instance, physical appearance has high priority. Hence, the growth of medical innovations provides individuals who might fear conventional cosmetic surgeries with a lot of hope which is driving the market. The aesthetic medical procedures legally perform the liposuction and breast augmentation, and offer the botox injections, fillers, laser peels, and hair removal therapy. More to that, it refers to beauty products like skincare, cosmetics, hair and other beauty products. Moreover, the increasing focus on physical appearance has increased the use of these invasive procedures. Furthermore, through the upsurge of social networking and social media influencers or celebrities, a whole new dimension of aesthetic promotion and enhancement products has been created for the younger people. The fashion industry is intended to serve people who aspire to enhance face appearance for self-esteem, societal acceptance or excellence. As technology industry progresses and awareness about self-care and personal grooming gets deeper, the demand for aesthetic treatments and products has continued to rise, and this is seen all over the world. Lifestyle changes and obesity among people are increasing and are affecting mostly the elderly people, resulting in increasing growth of the market over the forecast period. However, the rising awareness and demand for aesthetic beauty, which is expected to lead to rising demand for these procedures, are two major factors driving the market expansion. The minimally invasive nature of these procedures, the lowering of taboos surrounding such medical aesthetic procedures, and the rising disposable incomes, especially in emerging markets, are some of the factors that are anticipated to contribute to the significant growth of the market.

US Medical Aesthetics Market is poised to grow at a sustainable CAGR for the next forecast year.