Medical Aesthetics Market Future Prospects
The global medical aesthetics market size stood at USD 18.4 billion in 2024, and it is expected to advance at a compound annual growth rate of 11.4% during 2025–2032, to reach USD 42.9 billion by 2032. The growth can be primarily ascribed to the rising development of technologically advanced and user-friendly products and the increasing demand for aesthetic treatments among individuals.
Moreover, the popularity of minimally invasive and non-invasive aesthetic procedures is growing globally because of loose facial skin, especially around the eyes, jowls, and cheeks; and dry or roughened skin; among others, which are some of the significant changes that usually appear when a person ages. Additionally, the demand for aesthetic devices is increasing, due to the surging adoption of cosmetic procedures among people, to improve their appearance and look different from others.
Furthermore, rising efforts by key players to develop and launch new and innovative ranges of products, to cater to the target population, are likely to drive the market. In addition, the rising burden of breast cancer, trauma injuries, and obesity, among others; the presence of key manufacturers; and developing healthcare systems are some of the other factors contributing to the market growth.
As per the International Society of Aesthetic Plastic Surgery (ISAPS), hyaluronic acid procedures grew by over 29% from 2022, reaching 5,564,866 in 2023. Similarly, 831,583 people went for non-surgical skin tightening in 2023, a rise of 13.3% from the previous year.