According to a new report published by UnivDatos Markets Insights, the non-invasive aesthetic treatment market was valued at more than USD 50 million in 2020 and is expected to grow at a CAGR of around 14% from 2022-2028. The analysis has been segmented into Procedure (Injectables, Collagen, and Others); End-Use (Hospital/Surgery Center, MedSpa, Traditional Spa, and HCP-Owned Clinic); and Region/Country
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The non-invasive aesthetic treatment market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the non-invasive aesthetic treatment market. The non-invasive aesthetic treatment market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the non-invasive aesthetic treatment market at the global and regional levels.
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Market Overview
The main factor propelling the worldwide non-invasive aesthetic treatment market is the growing focus on physical appearances among the young population. Additionally, women over the age of 50 are increasingly choosing injectables like Botox and fillers to improve their appearance and hide signs of aging on their skin. As a result, the demand for non-invasive aesthetic treatments is increasing due to an aging population around the world, greater disposable income, and more knowledge of aesthetic treatments. Additionally, one of the key characteristics that have accelerated its adoption among the populace is its non-invasiveness. The creation of different non-invasive therapies for boosting aesthetic looks has resulted from technological advancements and research & development in the field of cosmetic surgery, which is gaining enormous popularity among the public. For instance, in May 2020, the United States Food and Drug Administration (FDA) approved Galderma’s new hyaluronic acid based Restylane Kysse, which had applications in lips augmentation and perioral rhytids.
Some of the major players operating in the market include Hologic Inc., GALDERMA, Alma Lasers, Johnson & Johnson Private Limited, Merz Pharma, Lumenis Be Ltd., Cutera, REVANCE AESTHETICS, Bausch Health Companies Inc., and AbbVie Inc.
COVID-19 Impact
COVID-19 is a global health emergency that affects almost every industry, this pandemic has been proceeding to change the growth of different market sectors. In the healthcare industry, the pandemic directly affected the manufacturing, demand, and supply chain of various medical devices and pharmaceutical companies.
The global non-invasive aesthetic treatment market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on procedure, the market is segmented into injectables, skin rejuvenation, and others. Amongst, the injectables category is to witness a higher CAGR during the forecast period. The Injectables can be easily used by surgeons, offer faster therapy with quicker results, and require less recovery time than other options. Further, the global demand for non-invasive and minimally invasive procedures has surged in the past few years.
In addition, the demand for minimally invasive and non-invasive procedures has increased dramatically globally in recent years. The total number of non-surgical procedures, which include botulinum toxin, hyaluronic acid, and laser hair removal, was estimated to reach 14,400,347 in 2020 by the International Society of Aesthetic and Plastic Surgery (ISAPS).
· On the basis of end-use, the market is categorized into hospital/surgery center, Med spa, traditional spa, and HCP owned clinic. Among these, the hos Medspa category is to witness the fastest growth rate during the forecast period. This is mainly due to the availability of licensed physicians and all noninvasive treatments are performed in these facilities, which include facial injections, non-invasive body contouring, skin rejuvenation, photo rejuvenation, and laser treatments by experienced professionals. For instance, in 2020, according to the International Society of Aesthetic Plastic Surgery (ISAPS) global survey, there were 517,675 Photo Rejuvenation procedures performed worldwide.
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Non-Invasive Aesthetic Treatment Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
North America is anticipated to grow at a substantial CAGR during the forecast period owing to the growing awareness of non-invasive aesthetic procedures among the population. As per the International Society of Aesthetic Plastic Surgery (ISAPS), the US is the world's largest market for minimally invasive surgery. In the U.S. the young and elderly population is adopting technologically improved procedures which is fueling the market growth. For instance, according to the American Society of Plastic Surgeons, an increase of about 845% was witnessed in the consumption of Botox injections within a period of 18 years, from 2000 to 2018, in the U.S.
The major players targeting the market include
· Hologic Inc.
· GALDERMA
· Alma Lasers
· Johnson & Johnson Private Limited
· Merz Pharma
· Lumenis Be Ltd.
· Cutera
· REVANCE AESTHETICS
· Bausch Health Companies Inc.
· AbbVie Inc.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Non-Invasive Aesthetic Treatment Market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the non-invasive aesthetic treatment market?
• Which factors are influencing the non-invasive aesthetic treatment market over the forecast period?
• What are the global challenges, threats, and risks in the non-invasive aesthetic treatment market?
• Which factors are propelling and restraining the non-invasive aesthetic treatment market?
• What are the demanding global regions of the non-invasive aesthetic treatment market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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