A recent report by Fortune Business Insights predicts that the medical aesthetics market will reach US $45.91 Billion by 2029. The market size for medical aesthetics has been on the rise over the past few years because of increased demand for minimally invasive cosmetic procedures.
One of the factors driving the medical aesthetics market is consciousness among people about their appearance and thus, looking for safe, non-invasive ways to improve their looks. Another reason is the growing aging population. Aging leads to a decline in the production of collagen, leading to skin aging, wrinkles and other cosmetic concerns. The availability of minimally invasive cosmetic procedures has made it easier for people to address these concerns, leading to a significant increase in demand for medical aesthetics.
The report highlights that North America dominates the global medical aesthetics market, followed by Asia-Pacific and Europe. Countries such as Japan, India and Thailand have a high demand for botulinum toxin treatments and dermal fillers. The increasing popularity of medical aesthetics procedures in these regions is expected to drive the growth of the market in the coming years.
According to the report, key players in the medical aesthetics market are focused on investing in research and development activities to expand their product portfolio and improve their market position.