Published Date: 2021-05-28
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North American Aesthetic Medicine Market size is expected to cross USD 15 billion by 2027, according to a latest forecast report by Graphical Research.
Significant increase in number of aesthetic procedures such as liposuction and facial rejuvenation will escalate the demand for devices in coming future. According to the American Society of Plastic Surgeons, more than 250,000 liposuction surgeries were conducted in 2019. Additionally, more than 17 million cosmetic procedures were performed in 2019, with momentous increase in non-invasive treatments. Technological advancements in aesthetic devices to minimize operational complications has further augmented the market growth.
Power-assisted devices have offered growth opportunities to emerging non-invasive aesthetic surgery market. Advanced technology-based devices provide benefit of imparting superior aesthetic value with minimal invasion and pain. In January 2021, Allergan, a subsidiary of AbbVie, announced about introduction of CoolSculpting Elite. The launch broadened the company’s fat reduction device portfolio. Such introductions will upsurge the customer base growth potential, thereby stimulating market growth. However, high cost of advanced procedures may limit consumer preference up to some extent.
The surgical segment held over USD 2.5 billion revenue in 2020 attributed to growing demand for procedures offering long-term aesthetics. Surgical procedures provide aesthetic effects that are better visible such as abdominoplasty and liposuction. Moreover, with growing obesity in the U.S. and adoption of advanced technology devices for liposuction, will positively impact the segment size in coming years.
The energy-based product segment is anticipated to witness over 9.9% CAGR till 2027 credited to increasing demand for high-quality aesthetic devices that has enabled professionals to provide greater patient satisfaction and better outcomes with reduced time will offer growth opportunities to the segment. Adoption of new technologies to continue business growth and sustain patient preference by professionals will stimulate the market demand.
Browse detailed statistical insights from the report, “North America Aesthetic Medicine Market Size By Product (Energy-based {Laser-based Aesthetic Device, Radiofrequency (RF)-based Aesthetic Device, Light-based Aesthetic Device, Ultrasound Aesthetic Device}, Non Energy-based {Botulinum Toxin, Dermal Fillers, Implants [Facial Implants, Breast Implants]}), By Type (Non-surgical, Surgical), By Gender (Male {18 Years and Below, 19-34 Years, 35-50 Years, 51-64 Years, 65 Years and Above}, Female {18 Years and Below, 19-34 Years, 35-50 Years, 51-64 Years, 65 Years and Above}), By End-use (Hospitals, Ambulatory Surgical Centres, Beauty Centres & Medical Spas, Dermatology Clinics, Home Settings), Research Report, Country Outlook (U.S., Canada), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1798/north-america-aesthetic-medicine-market
The male segment accounted more than USD 1.5 billion revenue in 2020 owing to increasing interest and participation by male population in cosmetic procedures over the past few years has offered growth opportunities to the segment. Focus on pursuit of youthful appearance is one of the major growth driving factors. Moreover, increasing sedentary lifestyle and prevalence of conditions including gynecomastia will influence procedure adoption rate.
The dermatology clinics segment is projected to expand at over 8.8% CAGR between 2021 and 2027. Clinics provide extensive range of aesthetic solutions and services including face contouring and injectables among several others. Dermal fillers, among injectables have gained significant popularity in the U.S. as well as Canada. Increasing procedural demand is thus offering expansion opportunity to clinics in order to cater to broad client base. Hence, extensive service portfolio as well as growing infrastructure will present lucrative potential for industry growth.
The Canada aesthetic medicine industry is set to observe around 10.5% growth rate till 2027. Awareness and introduction of various cosmetic procedures has offered growth opportunities to industry players. Increasing promotional activities by service providers to create awareness will propel the market revenue. Product approvals by authorities has further benefited the market. For instance, Venus Epileve, intended for hair removal, received marketing license from Health Canada, thereby contributing to the Canadian industry growth.
The North American aesthetic medicine market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027, for the following segments:
North America Market, By Type
North America Market, By Product
North America Market, By Gender
North America Market, By End-use
The above information has been provided for the following countries:
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