Aesthetic Medicine MarketSize and Trends

The global aesthetic medicine market was valued at US$ 129.1 Bn in 2022 and is forecast to reach a value of US$ 381.5 Bn by 2030 at a CAGR of 14.5% between 2023 and 2030. The global aesthetic medicine market is experiencing strong growth due to the increasing demand for aesthetic treatments and increasing adoption of minimally invasive treatments around the world. Moreover, increasing awareness among people about overall appearance or aesthetic procedures and growing geriatric population is expected to propel the growth of the market. However, factors such as high cost of aesthetic procedures and social stigma and poor reimbursement are expected to hamper the growth of the global aesthetic medicine market.

Global Aesthetic Medicine Market Trends:

Breast augmentation is a recent trend

Breast augmentation, also known as augmentation mammoplasty, is surgery to increase breast size. Augmentation can be from the placement of an implant, or less commonly, through the fat transfer. Breast augmentation is one of the most commonly performed plastic surgery in the United States. According to the American Society of Plastic Surgeons report, breast augmentation is one of the top five cosmetic surgical procedures in the U.S., over 193,073 procedures were performed in the U.S. in 2020, and this trend is expected to continue over the forecast period.

Technological advancements is another trend

The use of advanced technologies, such as laser and ultrasound technologies, for skin rejuvenation and body contouring has revolutionized the industry. As more people become aware of the benefits of non-invasive aesthetic treatments, the demand for such procedures is growing with a rapid pace. Moreover, several government initiatives are helping in creating awareness regarding non-invasive aesthetic procedures among people. This trend is also expected to continue over the forecast period, driving the growth of the global aesthetic medicine market.