Medical Aesthetics

The medical aesthetics industry has witnessed significant growth since the past decade attributable to the emergence of minimally invasive beauty treatments designed to enhance the well-being of individuals. Substantial adoption of body contouring, botox, laser therapies, dermal fillers, and skin rejuvenation procedures is leading the providers to offer combined services of injectables and energy-based aesthetic devices, aiming to deliver more sustainable outputs alongside enhanced consumer convenience. Furthermore, there is a growing popularity of aesthetic treatments among men owing to the shifting societal norms which is leading companies to target them directly, especially in developed economies. However, women are anticipated to continue accounting for a dominating share of over 90% in total consumer base.

Medical spas and clinics take center-stage in delivering broader beauty treatments for all age groups. Over 40% of medical aesthetics treatments in the United States were performed in medical spas and aesthetics clinics while in key European countries including UK, the proportion is even higher.

The manufacturing industry is witnessing accelerating mergers and acquisition activity in this space exemplified by recent acquisition of Lutronic by Cynosure. While key players including Merz Pharmaceuticals, Allergan, Revance Therapeutics, etc. account for majority of the share, the industry is anticipated to become fragmented with influx of resourceful local and regional players. In contrast, the providers’ end reflects higher consolidation with the emergence of strong and large franchise chains of medspas and clinics.

With major focus on personalized treatments, the medical aesthetics industry is poised to offer diverse opportunities where success lies in staying ahead in technological advancements, understanding patient needs, and ensuring safety.

For a detailed market outlook and key strategic insights, download the full Whitepaper on "Medical Aesthetics" today.

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