The global non-invasive aesthetic treatment market size is anticipated to reach USD 9.9 billion by 2026, expanding at a CAGR of 5.3%, according to a new report by Grand View Research, Inc. This can be attributed to the increasing beauty consciousness worldwide and the growing geriatric population. Furthermore, technological advancements in aesthetic devices are also anticipated to fuel market growth. For instance, the BodyFX system provides effective non-invasive cellulite treatment with zero downtime. Moreover, these procedures do not cause any skin damage, thereby boosting demand for non-invasive aesthetic treatments.
According to WHO data, the proportion of the population aged 60 years and above will increase from nearly 12% in 2015 to around 22% in 2050. The geriatric population susceptible to the signs of aging such deep wrinkles, frown lines, facial acne scars, tear troughs, dimpling of the chin, mouth wrinkles, and loose skin is driving the market growth.
Furthermore, increasing exposure to social media and photo editing apps has increased the demand for cosmetic procedures. For instance, around 43% of British population is interested in non-invasive cosmetic procedures. This can be attributed to the increasing online sharing of non-invasive aesthetic procedure experiences by celebrities and common people.
Mergers and acquisition, product launches, geographic expansion, and strategic collaboration are some of the key sustainable strategies undertaken by the market players. For instance, in 2018, Hologic, Inc. (Cynosure, Inc.) announced the approval of SculpSure Laser by Health Canada. This device is used for lipolysis or non-invasive body contouring of inner and outer thighs, chin, and back. This approval is expected to widen the company’s geographic reach.
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Further key findings from the study suggest:
The current demand for physical appearance augmentation and aesthetic cosmetic procedures is mainly driven by personal dissatisfaction with appearance and a strong desire to look young and attractive
Injectables procedures dominated the market in 2018. This can be attributed to increasing demand for anti-aging injectables
North America dominated the market in 2018. This can be attributed to availability and adoption of advanced treatment options in this region
Asia Pacific is anticipated to witness a lucrative growth over the forecast period. This can be attributed to increasing disposable income and increasing awareness regarding the various aesthetic procedures
Key companies profiled are Hologic, Inc.; Allergan, Inc.; Galderma S.A; Alma Lasers; Syneron Candela; Lumenis Ltd; Solta Medical; Cutera Inc; Merz Pharma; and Johnson & Johnson.
Grand View Research has segmented the global non-invasive aesthetic treatment market on the basis of procedure and region:
Non-invasive Aesthetic Treatment Procedure Outlook (Revenue, USD Million, 2015 - 2026)
Laser Skin Resurfacing
Nonsurgical Fat Reduction
Non-invasive Aesthetic Treatment Regional Outlook (Revenue, USD Million, 2015 - 2026)
Middle East and Africa (MEA)
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