The global aesthetic medicine market size is expected to reach USD 124.7 billion by 2028 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.8% from 2021 to 2028. According to the International Association for Physicians in Aesthetic Medicine (IAPAM), aesthetic medicine is ‘a branch of medicine focused on satisfying the aesthetic desires and goals of patient. The major aim of aesthetic medicine is to improve the physical appearance of the patient. Key drivers of the market include introduction of non-invasive medical devices for cosmetic procedures, growing focus on physical appearance, and rise in adoption among geriatric individuals.
Based on procedure type, the market is mainly divided into invasive and non-invasive procedures. Invasive procedures include breast augmentation, liposuction, and nose reshaping while non-invasive procedures include popular technology such as Botox injections, soft tissue fillers, and chemical peel. Rise in number of obesity cases in the U.S. has urged patients to opt for cosmetic treatments in the country.
In Asia Pacific, rise in income level of the adult population in countries such as China and India is expected to create lucrative opportunity for the market. The region is also backed by South Korea, which is the hub of cosmetic surgeries.
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The non-invasive procedures segment is projected to dominate throughout the forecast period owing to its quicker and accurate results along with ease of usage compared to invasive procedures
Breast augmentation and liposuction are among the fastest growing under the invasive procedures segment in the forecast years
In Asia Pacific, the market is projected to witness a CAGR of 10.9% during the forecast period. Countries such as South Korea and India are expected to serve as key revenue pockets
Grand View Research has segmented the global aesthetic medicine market on the basis of procedure type and region:
Aesthetic Medicine Procedure Type Outlook (Revenue, USD Million, 2016 - 2028)
Soft tissue fillers
Laser hair removal
Aesthetic Medicine Regional Outlook (Revenue, USD Million, 2016 - 2028)
List of Key Players of Aesthetic Medicine Market
Johnson & Johnson
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