The global aesthetic medicine market size is expected to reach USD 304.82 billion by 2030, according to a new study by Polaris Market Research. The report “Aesthetic Medicine Market Share, Size, Trends, Industry Analysis Report, By Procedure Type (Invasive Procedures, Non -Invasive Procedures); By End User; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The main elements anticipated to propel market revenue growth includes the patients having mastectomy, thereby driving the cosmetic medical procedures, with constant focus on the rapid development of minimally invasive and non-invasive aesthetic solutions.
In developing nations, demand for aesthetic treatments has surged due to a growing desire to seem young and fit. In nations like India and South Korea, consumers are becoming more interested in aesthetic procedures like liposuction, nose reshaping, and Botox injections. According to the 2020 International Society of Aesthetic Plastic Surgery (ISAPS) report, 6,213,859 Botulinum Toxin, and 1,225,540 eyelid surgeries were performed worldwide.
The market for aesthetic medicine was significantly impacted by the COVID-19 pandemic. Social alienation and a rapid, sharp decrease in consumer income levels had initially hurt the market. Due to factors such a decline in product demand, operational restrictions, the temporary closure of beauty salons, and disruptions in the supply and manufacturing chains, the industry has seen short-term negative growth.
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Due to doctors', healthcare providers' (HCPs), patients', and other stakeholders' quick outreach via social media channels and other digital platforms, approval for cosmetic medical operations has grown tremendously over the past several years. This has improved communication between HCPs and those who are wary about undergoing such operations. In the upcoming years, it is anticipated that this will lead to a greater acceptance of aesthetic medicine tools and products. Manufacturers of cosmetic medicinal formulations are able to satisfy consumer requests by researching regional consumer needs. For instance, India was listed as one of the top 5 countries providing non-surgical procedures globally in the International Society of Aesthetic Plastic Surgery (ISAPS) 2020 report. This demonstrates the promising future for the nation's producers of aesthetic medicine.
Aesthetic Medicine Market Report Highlights
Polaris Market Research has segmented the aesthetic medicine market report based on procedure, end use, and region:
Aesthetic Medicine, Procedure Outlook (Revenue - USD Billion, 2018 - 2030)
Aesthetic Medicine, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Aesthetic Medicine, Regional Outlook (Revenue - USD Billion, 2018 - 2030)