Medical aesthetics market projected to reach US$32.4 billion by 2031

In 2021, the medical aesthetics market was valued at US$ 10.2 billion. The anticipated growth is US$ 32.4 billion by 2031 at the CAGR of 12.3 per cent. Even as world events affect the market, the growth rate is steady and anticipated for the period from 2022 to 2031.

Post-pandemic popularity plays a great role in boosting the growth rate. Medical aesthetic helps improve and enhance personal appearance. Treating conditions such as skin laxity, fat control, hair control, wrinkles and discoloration are some of the popular dermatological procedures. Emerging countries like India offer significant opportunities in the aesthetic medicine market.

While there is a growing demand from emerging markets, the demand for medical aesthetic devices is ever rising owing to the growth of medical tourism. This also calls for a demand of more skilful surgeons, dermatologists, and technicians in the coming future.