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Aesthetic Medicine Market by Procedure Type (Non-Surgical Procedures, Surgical Procedures), Product Type (Injectables, Implants, Energy-Based Devices, Topical Products), Application (Facial Aesthetics, Body Contouring, Skin Resurfacing, Hair Restoration), and End-Use (Hospitals, Dermatology Clinics, Ambulatory Surgical Centers); Global Insights & Forecast (2024–2030)

Published: December, 2024  
|   Report ID: LI4798  
|   Life Sciences & Healthcare

As per Intent Market Research, the Aesthetic Medicine Market was valued at USD 67.1 billion in 2023 and will surpass USD 137.8 billion by 2030; growing at a CAGR of 10.8% during 2024 - 2030.

The Aesthetic Medicine Market is expanding rapidly as individuals increasingly seek non-invasive and minimally invasive treatments to enhance their appearance. This growth is fueled by rising awareness, technological advancements, and the growing acceptance of cosmetic procedures globally. With the increasing influence of social media and celebrity culture, more individuals are opting for aesthetic procedures that offer quick results with minimal downtime. The market is driven by both procedural innovations and the increasing demand for personalized aesthetic care.

Aesthetic medicine includes a wide range of procedures, products, and applications that cater to the growing desire for aesthetic enhancement. This broad market encompasses both surgical and non-surgical procedures, allowing patients to choose from a variety of options based on their needs, preferences, and budget.

Non-Surgical Procedures Segment Is Largest Owing to Demand for Quick Recovery

The Non-Surgical Procedures segment is the largest in the aesthetic medicine market, driven by the increasing preference for non-invasive treatments that require little to no recovery time. Procedures such as botulinum toxin injections, dermal fillers, and laser treatments are popular choices for individuals seeking aesthetic enhancement without the risks and downtime associated with surgery.

The segment's growth is attributed to the high demand for wrinkle reduction, facial contouring, and skin rejuvenation. Non-surgical procedures are considered a safe and convenient option, making them especially attractive to younger demographics and those new to aesthetic treatments. The continuous development of innovative injectables and energy-based devices further supports the growth of this segment.

Aesthetic Medicine Market Size

Injectables Segment Is Fastest Growing Owing to Increasing Popularity

Among the product types in the aesthetic medicine market, Injectables are the fastest growing, driven by the rising popularity of botulinum toxin and dermal fillers. These products are widely used for facial aesthetics, such as wrinkle reduction, volume restoration, and lip enhancement, and are favored for their ability to deliver visible results with minimal discomfort and recovery time.

The growth of the injectables segment is fueled by advancements in formulation and injection techniques, which have improved both the safety and effectiveness of these treatments. The demand for personalized treatments, including wrinkle reduction and facial volumization, continues to drive the adoption of injectables across a wide consumer base.

Facial Aesthetics Segment Is Largest Owing to High Consumer Demand

The Facial Aesthetics segment is the largest in the application category, as facial treatments such as wrinkle reduction, volume restoration, and contouring are in high demand. This segment benefits from the growing desire for facial rejuvenation among consumers seeking to maintain a youthful appearance.

Facial aesthetics procedures, particularly injectables and energy-based treatments, are widely accepted by both men and women. The high visibility of the face and its importance in social interactions make facial aesthetics a key area of focus for patients. As a result, this segment continues to dominate the overall aesthetic medicine market.

Body Contouring Segment Is Fastest Growing Owing to Rising Obesity Rates

The Body Contouring segment is the fastest growing within the application category, fueled by rising obesity rates and increasing consumer interest in non-invasive weight loss and body shaping treatments. Technologies such as cryolipolysis (fat freezing), ultrasound, and radiofrequency are gaining popularity as effective methods for reducing stubborn fat deposits and contouring the body.

The demand for body contouring procedures is growing among both men and women, with treatments offering targeted fat reduction without the need for surgery. As these technologies become more advanced and accessible, the body contouring market is expected to see rapid growth in the coming years.

Dermatology Clinics Segment Is Largest Owing to Specialized Expertise

The Dermatology Clinics segment holds the largest share in the end-use category, driven by the specialized expertise of dermatologists and the growing consumer preference for professional care. Dermatology clinics offer a wide range of aesthetic treatments, including injectables, laser therapies, and skin resurfacing procedures, performed by trained professionals.

Patients often prefer dermatology clinics for their expertise, reputation, and the assurance of high-quality, safe procedures. As the demand for aesthetic treatments continues to rise, dermatology clinics are well-positioned to cater to a wide array of cosmetic concerns, enhancing their dominance in the market.

Ambulatory Surgical Centers Segment Is Fastest Growing Owing to Convenience

The Ambulatory Surgical Centers (ASCs) segment is the fastest growing within the end-use category, driven by the increasing preference for outpatient services that offer convenience, affordability, and quick recovery times. ASCs are equipped to handle a range of aesthetic procedures, including liposuction, facelifts, and body contouring surgeries, making them a popular option for patients seeking surgical solutions with minimal hospital stays.

This segment is expected to continue expanding as more patients seek the convenience and cost-effective nature of ambulatory care. ASCs benefit from streamlined procedures and a focus on patient comfort, which enhances their appeal compared to traditional hospital settings.

North America Leads the Market Owing to High Adoption Rates

North America is the largest region in the aesthetic medicine market, driven by high consumer demand for both surgical and non-surgical procedures. The region is home to advanced healthcare infrastructure, a large number of skilled practitioners, and high disposable incomes, all of which contribute to its dominant position in the global market.

The U.S. leads in the adoption of aesthetic treatments, with significant demand for injectables, body contouring, and facial aesthetics. Social acceptance of cosmetic enhancements and continuous innovations in aesthetic technologies further drive the growth of the North American market.

Aesthetic Medicine Market Size by Region 2030

Competitive Landscape: Innovation and Product Diversification Shape the Market

The Aesthetic Medicine Market is highly competitive, with key players such as Allergan Aesthetics (AbbVie), Merz Pharmaceuticals, Revance Therapeutics, and Galderma dominating the industry. These companies are focused on innovation, offering a range of injectables, devices, and treatment solutions to meet the growing demand for aesthetic enhancements.

Competition in the market is driven by the constant development of new products and technologies, as well as strategic partnerships and acquisitions. To remain competitive, companies are investing in R&D to enhance the safety, effectiveness, and convenience of their offerings, while also expanding their market reach through global distribution networks. As the market continues to evolve, players must focus on improving patient outcomes and delivering personalized treatment solutions.

Recent Developments:

  • Allergan (AbbVie Inc.) launched a new hybrid injectable combining filler and biostimulant properties for long-lasting effects.
  • Cynosure, LLC unveiled a state-of-the-art body contouring device featuring advanced cooling technology for enhanced patient comfort.
  • Lumenis Ltd. expanded its product portfolio with a skin rejuvenation laser approved for multi-skin types.
  • Revance Therapeutics, Inc. entered a strategic partnership with a global distributor to broaden its market footprint in Europe.
  • Candela Corporation announced FDA clearance for its new laser system tailored to acne scar and wrinkle treatments.

List of Leading Companies:

  • Alma Lasers Ltd.
  • BioPlus Co., Ltd.
  • Candela Corporation
  • Cutera, Inc.
  • Daewoong Pharmaceutical Co., Ltd.
  • Evolus, Inc.
  • Hugel, Inc.
  • Ipsen
  • Lumenis Ltd.
  • Medytox, Inc.
  • Revance Therapeutics, Inc.
  • Sciton, Inc.
  • Teoxane SA

Report Scope:

Report Features

Description

Market Size (2023)

USD 67.1 Billion

Forecasted Value (2030)

USD 137.8 Billion

CAGR (2024 – 2030)

10.8%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Aesthetic Medicine Market by Procedure Type (Non-Surgical Procedures, Surgical Procedures), Product Type (Injectables, Implants, Energy-Based Devices, Topical Products), Application (Facial Aesthetics, Body Contouring, Skin Resurfacing, Hair Restoration), and End-Use (Hospitals, Dermatology Clinics, Ambulatory Surgical Centers)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Major Companies

Allergan (AbbVie Inc.), Alma Lasers Ltd., BioPlus Co., Ltd., Candela Corporation, Cutera, Inc., Cynosure, LLC, Evolus, Inc., Hugel, Inc., Ipsen, Lumenis Ltd., Medytox, Inc., Revance Therapeutics, Inc., and Teoxane SA

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Aesthetic Medicine Market, by Procedure Type (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Non-Surgical Procedures

   4.2. Surgical Procedures

5. Aesthetic Medicine Market, by Product Type (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Injectables

   5.2. Implants

   5.3. Energy-Based Devices

   5.4. Topical Products

   5.5. Others

6. Aesthetic Medicine Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Facial Aesthetics

   6.2. Body Contouring

   6.3. Skin Resurfacing

   6.4. Hair Restoration

   6.5. Others

7. Aesthetic Medicine Market, by End-Use (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Hospitals

   7.2. Dermatology Clinics

   7.3. Ambulatory Surgical Centers

   7.4. Others

8. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   8.1. Regional Overview

   8.2. North America

      8.2.1. Regional Trends & Growth Drivers

      8.2.2. Barriers & Challenges

      8.2.3. Opportunities

      8.2.4. Factor Impact Analysis

      8.2.5. Technology Trends

      8.2.6. North America Aesthetic Medicine Market, by Procedure Type

      8.2.7. North America Aesthetic Medicine Market, by Product Type

      8.2.8. North America Aesthetic Medicine Market, by Application

      8.2.9. North America Aesthetic Medicine Market, by End-Use

      8.2.10. By Country

         8.2.10.1. US

               8.2.10.1.1. US Aesthetic Medicine Market, by Procedure Type

               8.2.10.1.2. US Aesthetic Medicine Market, by Product Type

               8.2.10.1.3. US Aesthetic Medicine Market, by Application

               8.2.10.1.4. US Aesthetic Medicine Market, by End-Use

         8.2.10.2. Canada

         8.2.10.3. Mexico

    *Similar segmentation will be provided for each region and country

   8.3. Europe

   8.4. Asia-Pacific

   8.5. Latin America

   8.6. Middle East & Africa

9. Competitive Landscape

   9.1. Overview of the Key Players

   9.2. Competitive Ecosystem

      9.2.1. Level of Fragmentation

      9.2.2. Market Consolidation

      9.2.3. Product Innovation

   9.3. Company Share Analysis

   9.4. Company Benchmarking Matrix

      9.4.1. Strategic Overview

      9.4.2. Product Innovations

   9.5. Start-up Ecosystem

   9.6. Strategic Competitive Insights/ Customer Imperatives

   9.7. ESG Matrix/ Sustainability Matrix

   9.8. Manufacturing Network

      9.8.1. Locations

      9.8.2. Supply Chain and Logistics

      9.8.3. Product Flexibility/Customization

      9.8.4. Digital Transformation and Connectivity

      9.8.5. Environmental and Regulatory Compliance

   9.9. Technology Readiness Level Matrix

   9.10. Technology Maturity Curve

   9.11. Buying Criteria

10. Company Profiles

   10.1. Allergan (AbbVie Inc.)

      10.1.1. Company Overview

      10.1.2. Company Financials

      10.1.3. Product/Service Portfolio

      10.1.4. Recent Developments

      10.1.5. IMR Analysis

    *Similar information will be provided for other companies 

   10.2. Alma Lasers Ltd.

   10.3. BioPlus Co., Ltd.

   10.4. Candela Corporation

   10.5. Cutera, Inc.

   10.6. Cynosure, LLC

   10.7. Daewoong Pharmaceutical Co., Ltd.

   10.8. Evolus, Inc.

   10.9. Hugel, Inc.

   10.10. Ipsen

   10.11. Lumenis Ltd.

   10.12. Medytox, Inc.

   10.13. Revance Therapeutics, Inc.

   10.14. Sciton, Inc.

   10.15. Teoxane SA

11. Appendix

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A comprehensive market research approach was employed to gather and analyze data on the Aesthetic Medicine Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Aesthetic Medicine Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach - Aesthetic Medicine Market

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the Aesthetic Medicine ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Aesthetic Medicine Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down - Aesthetic Medicine Market

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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