ZO Skin Health Inc. - July 2024: ZO Skin Health has launched a new line of skincare products specifically designed for men, addressing common male skin concerns such as shaving irritation, acne, and signs of aging. This line features advanced formulations with enhanced anti-inflammatory and hydrating properties. The products incorporate a proprietary technology that adapts to different skin types and conditions, providing tailored solutions for male skin health.
Alumier MD - June 2024: Alumier MD introduced a revolutionary gender-specific anti-aging serum aimed at women. This serum combines novel peptide technology with plant-based stem cells to target fine lines, wrinkles, and skin elasticity. The formulation is designed to cater to the unique hormonal changes and skin aging processes in women, offering a more effective solution for maintaining youthful skin.
Teoxane - May 2024: Teoxane has developed a new range of gender-tailored dermal fillers that address distinct aesthetic needs for both men and women. For men, the focus is on enhancing facial volume and contour to achieve a more defined jawline and overall masculine appearance. For women, the fillers are designed to provide subtle volume enhancement and smooth fine lines. The new range uses advanced hyaluronic acid technology to ensure natural-looking results and prolonged effects.
Aesthetics End-User Insights
Based on the end-user segmentation, the global aesthetics market is segmented into clinics, hospitals, & medical spas, beauty centres, and home care. In 2023, the clinics, hospitals, and medical spas category held a prominent market share. Market growth in this category can be related to the growing awareness about the psychology of aesthetics along with several aesthetic procedures and their benefits, growing preference for minimally invasive cosmetic surgeries, and an increase in the number of body dysmorphia clinics. However, the home care segment is the fastest growing segment due to the increased adoption of home-use aesthetic devices.
Aesthetics Regional Insights
The global market is studied prominently across and divided into four regions, viz., North America, Europe, Asia-Pacific, and the Rest of the World. North America, among all the other regions, has the major market share, while Asia-Pacific is estimated to have the highest CAGR during the forecast period.
As per the research report published in 2023, North America is accounted to have the largest revenue share in the global aesthetics market. The US Aesthetics Market is expected to rise from USD 9.42 billion in 2023 to USD 14.28 billion by 2032, with a compound annual growth rate (CAGR) of 6.42% over the forecast period (2024-2032). Advanced healthcare infrastructure, the adoption of cosmetic procedures, the growing prevalence of skin disorders, and the existence of board-certified and experienced cosmetic surgeons in North America are some of the major characteristics driving the market growth in this region.
The American Society of Plastic Surgeons (ASPS) compared the data from 2000 to 2018 and observed the growth rates of cosmetic surgery procedures. It was observed that breast augmentation procedures have increased by 48%, while the usage of Botox injections increased by 845%. Thus, North America will be a key revenue generator for aesthetic medicine manufacturers during the forecast period.
Asia-Pacific is estimated to register the highest growth rate in the aesthetics market during the forecast period. The APAC Aesthetics Market is expected to surge from USD 6.86 billion in 2023 to USD 13.64 billion by 2032, with a compound annual growth rate (CAGR) of 6.78% during the forecast period (2024-2032). The growth of the APAC market is primarily driven by the growing public awareness about the body image, anti-ageing surgeries and cosmetic procedures, enhanced medical tourism and healthcare infrastructure, and the low cost of treatment.
Furthermore, the high growth rate of the Asia-Pacific region is backed by China, India, and South Korea, where South Korea is known as the hub of cosmetic surgery. The availability of technologically advanced products and the growing focus on physical appearance and visual aesthetics help the said market grow rapidly. These are some key factors anticipated to drive the market growth in the region during the forecast period.
Aesthetics Market Key Players & Competitive Insights
The global aesthetics market includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have reached with diverse product portfolios. Companies such as AbbVie, Cynosure, Lumenis, Solta Medical, Evolus Inc., Revance Galderma, Syneron Candela, and Alma Lasers dominate the market owing to product differentiation, financial stability, strategic developments, and diversified regional presence. The players are concentrating on supporting research and development in skin rejuvenation and cosmetic surgery.
Furthermore, these key players embrace strategic growth initiatives, such as development, product introduction, joint ventures, and partnerships, to strengthen their market position and capture an extensive customer base globally. For instance, in March 2020, Galderma announced a significant investment in the aesthetic portfolio, including the expansion of the U.S. salesforce and digital advancements in ASPIRE Galderma Rewards which helps strengthen its position in the market.
Key Companies in the Aesthetics Market
- ZO Skin Health Inc.
- Alumier MD
- Neostrata
- Teoxane
- Clinique IS Clinical
- La Roche-Posay
- Obagi Medical
- Medik8
- Biore
- Elemis Ltd
- Dermalogica
- Swisscode
- AbbVie
- Cynosure
- Lumenis
Recent Developments
March 2023: Galderma introduced "FACE by Galderma," an augmented reality tool that empowers both aesthetic professionals and patients to preview injectable treatment results before the actual procedure, enhancing the botox and dermal fillers treatment and its planning process.
August 2022: AbbVie Inc. launched their own SkinMedica Firm & Tone Lotion for Body, which is stated to be the first product from the professional-grade skincare line formulated to prevent and address visible ageing signs of the body, while aiding the appearance-related bias in healthcare among people.
January 2022: Mentor Worldwide LLC, one of the venture partners of Johnson & Johson Medical Devices, announced that the FDA had approved their newly launched product called MENTOR Memory Gel BOOST, which helps breast implants for breast augmentation and breast reconstruction. This product has helped the said company to expand its product portfolio of visual and body contouring in the global market.
Aesthetics Market Segment Analysis
Aesthetics Procedure Outlook
- Invasive Procedures
- Breast Augmentation
- Liposuction
- Nose Reshaping
- Eyelid Surgery
- Tummy Tuck
- Others
- Non-invasive Procedures
- Botox Injections
- Soft Tissue Fillers
- Chemical Peel
- Laser Hair Removal
- Microdermabrasion
- Others
Aesthetics Gender Outlook
Aesthetics End-User Outlook
- Clinics, Hospitals, and Medical Spas
- Beauty Centers
- Home Care
Aesthetics Region Outlook
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia-Pacific
- Rest of the World
- South America
- Middle East
- Africa
Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
Market Forecast and Size: To identify and estimate the market size of aesthetics segmented by procedure, gender, and end-user by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for the market.
Market Influencing Factors: To find out the factors which are affecting the sales of aesthetics among consumers.
Impact of COVID-19: To identify and understand the various factors involved in the market affected by the pandemic.
Company Profiling: To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Intended Audience
- Spas & Beauty Clinics
- Pharmaceutical Industries
- Dermatology Clinics
- Biotechnology Industries
