Medical Aesthetics Market Size, Trends and Growth Analysis by 2027

The medical aesthetics sector is anticipated to grow significantly, with projections indicating it will reach US$ 16,034.87 million by 2028, up from US$ 7,039.06 million in 2021. This growth reflects a robust compound annual growth rate (CAGR) of 12.5% from 2021 through 2028.

The contemporary understanding of natural and harmonious rejuvenation is founded on a holistic, three-dimensional, and multi-layered strategy. This approach integrates various active ingredients and techniques within surgical procedures, which may include skin relaxation, volume enhancement, repositioning, reshaping, surface renewal, and skin tightening, tailored to meet individual patient requirements. Given that skin appearance is a crucial aspect of overall well-being and health, the global demand for aesthetic procedures is on a steady rise.

Moreover, nonsurgical interventions, such as facial injections and cryolipolysis, are gaining popularity. These brief procedures effectively address facial lines, wrinkles, cellulite, and unwanted fat with minimal side effects. The International Society of Aesthetic Plastic Surgery (ISAPS) characterizes nonsurgical cosmetic procedures as both effective and safe for individuals seeking subtle enhancements and improved surgical outcomes with shorter recovery times. Unlike surgical options, these nonsurgical methods typically do not necessitate extensive training, which reduces associated risks. According to ISAPS data, the prevalence of nonsurgical cosmetic procedures surged by 51.4% between 2011 and 2017.

As the medical aesthetics industry expands, competition is intensifying. This sector is diverse, with competition arising not only from beauty clinics that focus on surgical cosmetic procedures but also from other beauty service providers, including salons, which offer alternative aesthetic services.

Over the last two decades, minimally invasive procedures have seen significant advancements. In 2017 alone, healthcare professionals in North America conducted 15.7 million minimally invasive procedures. This increase in the adoption of both minimally invasive and noninvasive aesthetic treatments is a key driver of growth in the medical aesthetics market.

To compile the report on the medical aesthetics market, various primary and secondary sources were utilized, including reputable organizations such as the World Health Organization (WHO), the Centers for Disease Control and Prevention (CDC), and the National Health and Wellness.