26 August 2022

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Medical aesthetics market to grow

Katherine E. Pfaff

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The global market for medical aesthetics is expected to grow by a CAGR of 9.5% across the period of 2022 to 2030, according to a report by market research company Straits Research. The growth is based on a projection that the 2021 value of $61.23 billion will increase to $138.64 billion by 2030. 

The global market will be driven by demand for aesthetic procedures, including those that reduce the appearance of aging, and the number of experts who can provide this care. Technologies related to aesthetic medical procedures have also improved, driving growth. This is due to a high level of investment in R&D in the field.

The North American region was expected to have the highest increase in the market as there are a high number of medical facilities that provide aesthetic procedures, and the population is aging. Patients in the region are also able to pay for treatments as incomes have increased. The large number of medical aesthetic procedure providers has also allowed the market to expand in the region.