Medical Aesthetics Market To Exhibit CAGR of 12.2% during 2017–2023
The medical aesthetics market stood at $8.6 billion in 2016, and it is projected to reach $19.4 billion by 2023, displaying a 12.2% CAGR during 2017–2023 (forecast period).
The growth is driven by the technological innovations in the industry and perceived health benefits of aesthetic products. Additionally, the shifting focus toward non-surgical treatments from surgical procedures, surging population of the elderly, and rising awareness among consumers about the numerous aesthetic treatments available are facilitating the market growth.
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Medical aesthetic treatments offer multiple health benefits and an improved physical appearance, which eventually uplift the self-esteem, thus, leading to a better mood. For instance, Botox treatment helps patients in dealing with migraines and excessive sweating. The sweat glands are paralyzed as soon as Botox is injected into the armpits, thus leading to reduced sweat release. Likewise, dermal fillers are used to fill wrinkle lines on the face with a solution created from hyaluronic acid. These fillers are also used to repair the skin that has been damaged by accident wounds or scars.
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The product segment of the medical aesthetics market is categorized into injectables, topicals, energy-based aesthetics, and breast implants. Among these, the injectables category accounted for the largest share of the market in 2016 due to the high sales of botulinum toxin. Additionally, the topicals category demonstrated the highest growth rate during the historical period (2013–2016). This can be ascribed to the ability of topical creams and lotions to treat various skin conditions without the requirement for uncomfortable procedures.
The increasing application of home-based aesthetic devices in emerging economies is offering lucrative opportunities to the players operating in the medical aesthetics market. This is due to the rapid expansion of the healthcare infrastructure and growing popularity of easy-to-use aesthetic devices in developing countries. Additionally, such devices are constantly evolving due to the efforts being made by the top players to increase their safety quotient and make them more cost-effective.
Thus, the constant technological advancements by market players will propel the market growth in the future. Additionally, the growing opportunities in emerging countries will add significantly to the revenue of the market.
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https://fnafgo.com the medical aesthetics market's remarkable growth can be attributed to a combination of factors, including technological innovation, perceived health benefits, a shift towards non-surgical treatments, a growing elderly population, and heightened consumer awareness.
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This is due to the rapid expansion of the healthcare infrastructure and growing popularity of easy-to-use aesthetic devices in developing countries. Area Code
The dynamic and ever-evolving landscape of the Medical Aesthetics Market is driven by innovative treatments and technologies that cater to the growing demand for cosmetic procedures. From rejuvenating skincare solutions to non-invasive aesthetic enhancements, the industry has witnessed remarkable advancements. Professionals within this field prioritize patient safety and privacy, ensuring compliance with regulations such as HIPAA. As part of their commitment to safeguarding sensitive information, medical aesthetics practitioners undergo rigorous HIPAA training answers, equipping them with the necessary knowledge and HIPAA training answers to uphold confidentiality while delivering transformative aesthetic experiences to their valued clientele.