The global Non-Invasive Aesthetic Treatment market gathered revenue around USD 52.57 billion in 2021 and market is set to grow USD 150.6 billion by the end of 2030 and is estimated to expand at a modest CAGR of 12.4% during the prediction period 2022 to 2030.
Growth Factors:
The growing focus on physical appearance among adults has led to an increased demand for non-invasive aesthetic treatments in recent years. Another key revenue-generating population to watch out for is the ones aged 50 years and above. Women, in particular, in this age group are opting for fillers and injectables including the popular Botox. According to the American Society for Aesthetic Plastic Surgery (ASAPS), in 2018, around 3.8 million minimally invasive cosmetic surgeries were carried out in the U.S. within the age group of 55 years and above. This highlights high growth prospects that lie ahead for the market in the country.
According to the International Society of Aesthetic Plastic Surgery (ISAPS), the U.S. was ranked first, in terms of non-surgical procedures performed at a global level. The country is backed by the availability of advanced treatment options and has the highest number of surgeons at a global level, with over 7,000 plastic surgeons, as per 2019 estimates. The growing consciousness about fitness and overall appearance has increased the demand for non-invasive aesthetic treatments in developing countries. In countries, such as India, these treatments are gaining consumer interest.
The country ranks among the top 5, in terms of surgical procedures performed. Thus, developing countries are expected to be key revenue pockets for the market in the years to come. The COVID-19 pandemic has significantly affected the overall market. The cosmetics industry relies on close physical contact with their clients, leaving it negatively affected. Practitioners have also raised concerns over the downturn in patient interest owing to a sharp cut in income. The market is expected to witness a phase of short-term negative growth. Companies are expected to address this by offering maximum support to their customers.
Scope of the Non Invasive Aesthetic Treatment Market
Report Coverage | Details |
Market Size In 2021 | USD 52.57 Billion |
Growth Rate from 2021 to 2030 | 12.4% |
Largest Market | North America |
Fastest Growing Market | Asia Pacific |
Base Year | 2021 |
Forecast Period | 2021 to 2030 |
Segments Covered | Product, End Use, Region |
Companies Mentioned | Galderma S.A., Allergen, El. En. SpA, Alma Lasers, Johnson & Johnson, Cynosure, Solta Medical, Syneron Candela, Lumenis, Merz Pharma |
Product Insights
Based on the product, the injectable segment dominated the global non-invasive aesthetic treatment market, accounting for over 60% of the market share in 2020. The easy procedure, quick results, and less hassle associated with the injectables has fostered its adoption among the consumers. Injectable is considered to one of the best treatment to conceal the signs of aging. The injectables offers enhanced collagen production in skin, treats wrinkles and facial lines, and offers smooth skin. These essential skin benefits has augmented the demand for the injectable across the globe and led to the dominance of this segment.
The others segment is expected to grow at a rapid rate. This is attributed to the rising adoption of the laser hair removal and non-surgical fat reduction treatments. The low cost availability of such treatments is fueling the growth of this segment. According to the International Society of Aesthetic Plastic Surgery, the laser hair removal treatment was among the top five aesthetic treatments in 2019, globally.
End Use Insights
The medical spa segment dominated the global non-invasive aesthetic treatment market, garnering a market share of around 40% in 2020. The rising number of medical spas along with the growth in the number of cosmetic physicians has fueled the growth of this segment. The availability of advanced treatments like laser treatments, skin rejuvenation, facial injections, and body contouring gives the serves the various needs of the consumers. Moreover, the experienced professionals prescribes and gives proper advice regarding the skin care. Moreover, the compliance of these medical spas with the regulatory norms boosts public confidence.
Regional Insights
On the basis of geographies, the global market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the maximum share of more than 35.5% of the global revenue in 2021. The region will retain the leading position throughout the forecast period owing to the increasing demand for cosmetic procedures. The growth in demand for cosmetic surgery procedures from the year 2000 to 2018 was compared by the ASPS. It was observed that the use of Botox injections increased by 845%.
Thus, North America is expected to be a key revenue-generating region for the market in the coming years. Asia Pacific, on the other hand, is projected to register the fastest growth rate of more than 17% during the forecast period. The growth of the Asia Pacific regional market is backed by countries, such as China, India, and Thailand. The growing consciousness about physical appearance among the consumers in these developing countries is expected to play a key role in boosting the demand for non-invasive aesthetic procedures. Thailand, in particular, is projected to be the fastest-growing country during the forecast period.
Some of the prominent players in the Non-Invasive Aesthetic Treatment Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Product
By End Use
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Non-Invasive Aesthetic Treatment Market Study: