Europe Medical Aesthetics Market Is Expected to Grow at a CAGR of 10.4% During the Forecast Period 2023-2030.

Hyderabad, Telengana -- (SBWire) -- 02/09/2023 --Overview:

Any medication or medical practise specialising in or designed to improve cosmetic appearance is referred to as medical aesthetics. A medical aesthetician can provide a wide range of treatments and therapies, including procedures to diminish, reverse, or otherwise minimise indications of ageing such as wrinkles, age spots, or loose and sagging skin.

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Market Size and Future Apprehension:

According to the most recent DataM Intelligence analysis, the worldwide "Europe Medical Aesthetics Market" is expected to grow at a CAGR of 10.4% during the forecast period 2023-2030.

Market Dynamics:

Drivers:

The Europe Medical Aesthetics Market is expected to grow significantly in the coming years due to the increasing demand for minimally invasive cosmetic procedures and the growing awareness about non-surgical cosmetic treatments. Medical aesthetics refer to cosmetic procedures performed by medical professionals to enhance a person's appearance and improve their self-esteem.

The market is driven by several factors such as the increasing popularity of non-invasive cosmetic procedures, the growing number of clinics and spas offering cosmetic treatments, and the increasing awareness about the benefits of medical aesthetics. The increasing investment in research and development and the growing demand for personalized cosmetic treatments are also driving the growth of the market.

The increasing demand for minimally invasive cosmetic procedures such as dermal fillers, botox, and chemical peels is expected to drive the growth of the market. The increasing adoption of technology such as laser treatments and the growing demand for body contouring treatments such as liposuction and tummy tucks are also expected to drive the growth of the market.

Restraints:

However, the high cost of treatments and the lack of access to healthcare services in certain regions are expected to hinder the growth of the market.

Market Challenges:

The market is also challenged by the lack of standardization in the industry and the lack of awareness about the benefits of medical aesthetics. Despite these challenges, the market is expected to grow due to the increasing demand for personalized cosmetic treatments, the increasing investment in research and development, and the growing number of clinics and spas offering cosmetic treatments.

Segmentation Analysis:

The market is segmented into products, procedures, and end-users. Based on products, the market is divided into skin rejuvenation, facial aesthetics, body contouring, and others. Based on procedures, the market is divided into non-invasive procedures, minimally invasive procedures, and surgical procedures. Based on end-users, the market is divided into clinics and spas, hospitals, and others.

By Product

Skin Tightening Devices
Facial Aesthetic Devices
Botox
Chemical Peels
Dermal Fillers
Aesthetic Lasers
Body Contouring Devices
Implants
Breast Implants
Silicone gel-filled Implants
Saline Filled
Cohesive Semi-solid Implants
Facial Implants

By Application

Carbon peel
Tattoo Removal
Skin Resurfacing
Hair Removal
Scar Treatment
Others

By End Users

Hospitals
Dermatology Clinics
Medical Spas
Beauty Centers

Competitive Landscape:

Key players in the market include

- Allergan,
- Merz Pharma,
- Galderma,
- Johnson & Johnson, and Bayer.

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Regional Analysis:

Lower fertility and rising life expectancy in Germany have resulted in a rapidly ageing population. The median age of German people is currently 46 years, about four years older than the median age of the neighbouring nation of France, making Germany one of the oldest countries in the world. Again, the OECD predicts that the median age in Germany would climb from 45.7 years in 2020 to 49.2 years by 2045. As a result, while Germany is already an elderly country, its population is rapidly ageing. Moreover, according to the World Bank collection of development indicators population ages 65 and above (% of the total population) in Germany was reported at 22.17 % in 2021.

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