Aesthetic Medicine Market will progress at a good rate of 10% CAGR to 2024: New Report

MarketStudyReport.com announces addition of aesthetic medicine market size 2018-2024 research report by types, products, gender, companies and countries covering U.S., Canada, Germany, UK, France, Italy, Spain, China, Japan, India, Australia, South Korea, Mexico, Brazil, South Africa, Saudi Arabia.

 

Growing geriatric population base coupled with rising awareness regarding aesthetic procedures will accelerate the global aesthetic medicine market growth. Technological developments such as availability of non-invasive fat reduction techniques and liquid facelift procedures for skin rejuvenation will increase the adoption of such procedures. Increasing investment in R&D and focus of industry players on developing newer technologies will fuel the demand for aesthetic procedures thereby fostering the industry growth. However, high cost of aesthetic procedures may hamper the market growth in coming years. Lack of reimbursement and stringent regulations may further impede the aesthetic medicine market growth.

 

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Surgical procedures segment of aesthetic medicine market is estimated to witness 10.2% CAGR over the analysis period owing to the increasing number of surgeries being performed worldwide. Demand for procedures such as rhinoplasty and blepharoplasty is increasing among the young population base aged 18 years and above. As per the American Society of Plastic Surgeons, over 31,000 nose shaping procedures such as rhinoplasty were performed in the U.S. in 2016. Increasing adoption of such procedures will further augment the segmental growth.

 

Increasing prevalence of obesity in developed as well as developing countries will drive the aesthetic medicine market growth over the forecast period. World Health Organization estimated that, in 2016, more than 1.9 billion adults, aged 18 years and older, were overweight, of which, over 650 million were obese. Increasing adoption of fat reduction procedures in obese patients will augment the aesthetic medicine market growth. As per the American Society of Plastic Surgeons, in 2016, more than 79,000 liposuction procedures were performed in the U.S. Aforementioned factors will stimulate the aesthetic medicine market growth.

 

Breast aesthetics segment accounted for more than 12% revenue share in the global aesthetic medicine market in 2017. Increasing concern regarding breast aesthetics among the female population will drive the segmental growth. Availability of technologically developed products such as ideal implants, that combine the advantages of silicone and saline implants will increase the demand for such products. Furthermore, high demand for breast augmentation procedures among women aged 25 years and above will boost the segmental growth during the forthcoming years.

 

Females segment dominated the global aesthetic medicine market with 80.2% revenue share and is estimated to show considerable growth over the analysis period. The growth is attributable to the increasing urge among female population to look young and beautiful. Increasing demand for aesthetic procedures to mask ageing signs such as deep winkles, sagging eyelids and neck as well deflated cheeks will drive the demand for aesthetic procedures thereby upsurging the segmental growth.

 

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Beauty centers and medical spas segment will show robust 11.2% CAGR during the forecast period due to increasing awareness regarding aesthetic procedures. Availability of various non-surgical procedures that can be performed in these centers will spur the segmental growth of aesthetic medicine market. Growing demand for non-invasive skin rejuvenation procedures such as skin resurfacing, chemical peels and microdermabrasion will further drive the segmental growth.

 

U.S. aesthetic medicine market accounted for USD 3.5 billion in 2017 owing to the availability of advanced healthcare infrastructure and technological advancements in the region. Increasing awareness regarding aesthetic procedures coupled with high healthcare expenditure will further stimulate the regional growth. Moreover, presence of key industry players leading to development of innovative products will be another key driver that will boost the regional growth in the foreseeable future.

 

Comprehensive Table of Contents, list of data tables, charts and figures provided in this Aesthetic Medicine market research for 2018-2024 is available at https://www.marketstudyreport.com/reports/aesthetic-medicine-market

 

Another study titled Global Aesthetic Medicine Market Size, Status and Forecast 2025 Research Report is spread across 103 pages. Aesthetic Medicines and cosmetic surgery is a developing clinical subspecialty and field in scientific research which comprises all kind of medical procedures whose purpose is to improve the physical appearance and satisfaction of the patient including all non-invasive and minimally invasive cosmetic procedures.  Presently, Asia Pacific is leading the global market owing to a large number of surgical procedures performed in South Korea, Japan, and China each year. Availability of skilled professionals, advanced techniques, and cheaper treatment costs are attracting customers around the world to Asia Pacific. As a result, Asia Pacific accounted for the largest market share of around 32.5% in 2014. China and India have the largest population pool aged between 30 to 65 years. Moreover, rising disposable income coupled with presence of a large pool of working population is generating demand for aesthetic procedures in these countries. As a result, Asia Pacific is expected to show significant growth in the near future. Read more at https://www.marketstudyreport.com/reports/global-aesthetic-medicine-market-size-status-and-forecast-2025

 

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