Aesthetic medicine experiencing surge in popularity driven by advancements in technology: Experts

Sep 22,2023

The world of aesthetic medicine is currently experiencing a surge in popularity driven by advancements in technology, according to industry experts.

Aesthetic medicine comprises all medical procedures that are aimed at improving the physical appearance and satisfaction of the patient, using non-invasive to minimally invasive cosmetic procedures. Aesthetic medical scope includes dermatology and surgical practices from non-invasive procedures like laser treatments to reconstructive surgery (invasive).

Experts have further highlighted that the outlook for market growth remains robust, with the Indian Medical Aesthetic Devices Market setting to soar to USD 2.6 billion by 2028, with a CAGR of 13 per cent.

The global medical aesthetics market size was assessed at USD 18.46 billion in 2021. The market is anticipated to expand from USD 20.54 billion in 2022 to USD 45.91 billion by 2029, expanding at 12.2% CAGR during the forecast period. These are a few trends that collectively define the dynamic landscape of aesthetic medicine in 2023.

Among the notable trends shaping this landscape are Botox and dermal fillers, offering non-invasive and cost-effective solutions for a more youthful appearance, with market growth projected at 12-14%. Platelet Rich Plasma (PRP) treatments are in high demand, harnessing the patient's own blood for rejuvenation.

Another notable trend is microneedling which has gained prominence due to its ability to enhance skin texture and tone. Laser hair removal, known for its safety and long-lasting results, is increasingly sought after, particularly by men, contributing to a compound annual market growth rate of 16.7%. LED light therapy is on the rise as it stimulates cell regeneration and effectively addresses a range of skin concerns, anticipating a substantial market growth rate of 5.7%.

Chemical peels, offering a cost-effective means to achieve smoother and more radiant skin, are gaining traction, albeit possibly requiring multiple sessions for complete renewal. Body sculpting through Laser Lipolysis presents a non-surgical solution for fat reduction, accompanied by skin-tightening effects, with the advantage of a rapid recovery period, allowing patients to resume their daily routines within just 24 hours.

Source: Pharmabiz