Medical Aesthetics Market Set for Prosperity in Future

Factors such as the surging public focus on physical appearance and the rising advancements in laser technology are expected to drive the medical aesthetics market at a healthy CAGR, of 12.2%, during the forecast years (2017–2023). According to P&S Intelligence, the market was valued at $8.6 billion in 2016, and it is projected to generate $19.4 billion revenue by 2023. Medical aesthetics refers to the branch of scientific research that uses minimally invasive surgical procedures to improve the physical appearance of people.

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Moreover, the rising advancements in laser technology will also facilitate the medical aesthetics market growth in the forthcoming years. The usage of laser in medical aesthetic treatment allows minimizing the size of incisions. The latest developments in the laser technology have resulted in the increased application of the technology in the medical aesthetics domain. Advancements in this technology offer fast recovery and less pain after the procedure. Thus, it is being increasingly used in aesthetic treatments such as skin rejuvenation, body contouring, and skin rejuvenation.

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The product segment of the medical aesthetics market is categorized into topicals, injectables, breast implants, and energy-based aesthetics. Under this segment, the injectables category accounted for the largest market share in 2016, due to the high sales of botulinum toxin. This category is further bifurcated into dermal fillers and neurotoxin. Whereas, the energy-based aesthetics category is expected to demonstrate the fastest growth during the forecast period, due to the surging adoption of laser and radiofrequency devices. This category is further classified into ultrasound, laser, radiofrequency, and light-based.

Thus, the rising public awareness of physical appearance and the increasing technological advancements in laser technology will support the market growth.

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