PUBLISHER: 360iResearch | PRODUCT CODE: 1435046
PUBLISHER: 360iResearch | PRODUCT CODE: 1435046
[183 Pages Report] The Aesthetic Medicine Market size was estimated at USD 81.81 billion in 2023 and expected to reach USD 91.59 billion in 2024, at a CAGR 12.33% to reach USD 184.65 billion by 2030.
Global Aesthetic Medicine Market
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 81.81 billion |
Estimated Year [2024] | USD 91.59 billion |
Forecast Year [2030] | USD 184.65 billion |
CAGR (%) | 12.33% |
Aesthetic medicine, also known as cosmetic medicine, is a rapidly growing interdisciplinary field encompassing various medical practices to enhance the patient's appearance, self-esteem, and overall well-being through minimally invasive or non-invasive procedures. This specialized medical practice combines artistry with the latest scientific advancements to address an array of concerns related to aging, skin health, body contouring, and facial aesthetics. Technological advancements in cosmetic surgery equipment and techniques and increasing demand for non-invasive cosmetic procedures have accelerated the need for aesthetic medicines. However, limited reimbursement coverage and strict regulatory guidelines can act as barriers to increasing the use of these medicines. Advanced research in the field has led to the development of innovative aesthetic medicine products with improved safety profiles and minimal downtime post-procedure. Market players are working on integrating digital technologies such as telemedicine platforms or virtual consultations to help reach a wider audience while improving patient convenience.
Regional Insights
The Americas portrays a well-established aesthetic medicine market driven by the increased presence of well-known manufacturers, creating a competitive environment that fuels innovation and product development. Increased awareness about various non-surgical treatments, such as injectables and body contouring products in the U.S. and Canada, has accelerated the demand for aesthetic medicine in the region. In Asia-Pacific (APAC), the demand for aesthetic medicine is rapidly growing due to cultural factors such as beauty standards and increasing disposable incomes among middle-class populations. In particular, South Korean, Chinese, and Japanese consumers prioritize skincare products focusing on anti-aging benefits, creating an improved market for aesthetic medicine. Europe boasts a strong tradition of excellence in dermatology research, leading to innovations within aesthetic medicine over time. International medical tourism to countries such as Poland, Hungary, and the Czech Republic has expanded, where patients can access high-quality treatments at a lower cost. The European Medicines Agency (EMA) plays a crucial role in overseeing market authorization for aesthetic medicine products within the European Union.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Aesthetic Medicine Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Aesthetic Medicine Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Aesthetic Medicine Market, highlighting leading vendors and their innovative profiles. These include AbbVie Inc., Alma Lasers Ltd. by Shanghai Fosun Pharmaceutica Group Co., Ltd., Bioxis Pharmaceuticals, Black & Black Surgical, Inc., BTL Industries, Candela Corporation, Cutera, Inc., Cynosure Inc., Cytrellis, Inc., Dimeda Instrumente GmBH, Fotona d.o.o., Galderma SA, Inmode Ltd., Johnson & Johnson Services Inc., KARL STORZ SE & Co. KG, Lumenis Be Ltd. by Boston Scientific Corp., Lutronic Inc., Lynton Lasers Ltd., Medytox Inc., Merz Pharma GmbH & Co. KGaA, Millennium Surgical Corp., miraDry, Inc., Quanta System S.p.A. by El.En. S.p.A., Sciton, Inc., Sientra, Inc., Sinclair Pharma Ltd., Solta Medical, Strata Skin Sciences, Venus Concept, and Zimmer Biomet Holdings, Inc..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Aesthetic Medicine Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Aesthetic Medicine Market?
3. What are the technology trends and regulatory frameworks in the Aesthetic Medicine Market?
4. What is the market share of the leading vendors in the Aesthetic Medicine Market?
5. Which modes and strategic moves are suitable for entering the Aesthetic Medicine Market?