The global medical aesthetics market is forecast to grow at a compound annual growth rate (CAGR) of more than 9% during the forecast period from 2021-2030.
Anesthetic medicine specialist focuses on modifying cosmetic products' appearance by treating scars, skin laxity, wrinkles, moles, and liver spots. As is traditional, plastic surgery including dermatology, oral and maxillofacial surgery, reconstructive surgery, and reconstruction. Esthetic medicine is usually sufficient for these procedures. Technological advancements and advancements in equipment have increased the demand for healthcare services across the globe. Medical aesthetics technologies are being used not only in developed but also in developing countries.
Factors Affecting
Impact Analysis of COVID-19
The COVID-19 has restricted the growth of the medical aesthetics market. As a result of COVID-19, some parts of the medical industry have seen profits, but the medical aesthetics industry has seen significant declines. As a result of the Coronavirus-induced lockdown, the medical aesthetics industry faced challenges with its supply chain, logistics, and delivery of products and services to hospitals and end-users. Also, the market suffered from lower demand due to end users' fear of contracting the virus, which discouraged them from visiting hospitals and surgeons.
In the immediate aftermath of the pandemic, the market is likely to grow substantially due to the advent of advanced AI-equipped robots that will assist doctors in maintaining a safe distance from patients.
Regional Analysis
The North American medical aesthetics market dominates the global market. Growing film and entertainment industries can be attributed to the increase in such medical aesthetics treatments, as people associated with these industries are more likely to undergo them. Also, the growing medical tourism industry in this region has boosted the market for medical aesthetics worldwide.
Leading Competitors
The prominent leading competitors in the global medical aesthetic market are:
Scope of the Report
The global medical aesthetic market segmentation focuses on Product, End-User, and Region.
Segmentation based on Product
Segmentation based on End-User
Segmentation based on Region