The global aesthetic medicine market size is expected to reach USD 332.1 billion by 2030, growing at a CAGR of 14.7% over the forecast period, according to a new report by Grand View Research, Inc. 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 patients. The major aim of aesthetic medicine is to improve the physical appearance of the patient. Some key drivers of the market include the introduction of innovative aesthetic devices, such as non-invasive aesthetic devices, a growing focus on physical appearance, and a rise in adoption among geriatric individuals.
Aesthetic medicine mainly includes 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. A rise in the number of obesity cases in the US has propelled the demand for aesthetic treatments in the country. In the Asia Pacific region, the rise in income levels in countries, such as China and India, is expected to create lucrative opportunities 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 the industry throughout the forecast period owing to quicker and more accurate results of these procedures along with ease of usage compared to invasive procedures
Breast augmentation and liposuction are among the fastest-growing sub-segments under the invasive procedures segment over the forecast years
Asia Pacific is projected to be the fastest-growing region with a CAGR of 16.5% 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, 2018 - 2030)
Soft Tissue Fillers
Laser Hair Removal
Aesthetic Medicine Regional Outlook (Revenue, USD Million, 2018 - 2030)
List of Key Players in the Aesthetic Medicine Market
Johnson & Johnson
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