The medical aesthetics market refers to a segment of healthcare focused on enhancing cosmetic appearance through non-invasive and minimally invasive procedures. This includes treatments such as Botox injections, dermal fillers, laser hair removal, body contouring, and skin rejuvenation. Growing consumer demand for youthful appearance, rising disposable income, and advancements in aesthetic technology are major drivers of the market. Clinics, medspas, and dermatology centers are key service providers, with North America leading in market share due to high adoption and established infrastructure. The market continues to grow as awareness and acceptance of aesthetic procedures rise globally.
According to Fortune Business Insights, the global medical aesthetics market size was valued at USD 22.84 billion in 2023. The market is projected to grow from USD 25.48 billion in 2024 to USD 67.89 billion by 2032, exhibiting a CAGR of 13.0% during the forecast period. In 2023, North America dominated the medical aesthetics market with a market share of 53.77%.
In November 2023, LUBEX introduced the Sapphire ice-cooling hair removal device, a home-use innovation aimed at delivering clinic-grade hair reduction comfort and safety.