According to the research report titled “Aesthetic Medicine Market Size By Type (Surgical Procedures, Non-surgical Procedures) By Product, By Gender (Male {18 Years and Below, 19-34 Years, 35-50 Years, 51-64 Years, 65 Years and Above}, Female {18 Years and Below, 19-34 Years, 35-50 Years, 51-64 Years, 65 Years and Above}), By End-use (Hospitals, Ambulatory Surgical Centers, Beauty Centers & Medical Spas, Dermatology Clinics, Home Settings), COVID19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 - 2027”, available with MarketStudyReport, aesthetic medicine market is estimated to grow at a strong rate over the analysis period 2021-2027.
 

As per the findings of the report, increasing adoption of cosmetic operations along with technological advancements in this field are driving aesthetic medicine market expansion. Besides, rising prevalence of obesity and growing preference for non-invasive procedures are significantly adding to the market development.
 

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For the unversed, aesthetic medicine covers procedures such as plastic surgery, reconstructive surgery, and dermatology among others. It generally emphasizes on enhancing the appearance of an individual by treating conditions such as spider veins, skin discoloration, liver spots, undesired hair, cellulite, moles, excess fat, wrinkles, skin laxity, and scars. Aesthetic treatments are also known for improving patients' psychological well-being, social function, and quality of life.
 

Based on type, non-surgical segment, inclusive of procedures such as chemical peel, non-surgical liposuction, and radiofrequency skin tightening among others, accounted for 71% of aesthetic medicine industry share and is anticipated to grow considerably over the projected period.
 

With respect to product, the industry is categorized into tattoo removal devices, hair removal devices, body contouring devices, breast aesthetics, and facial aesthetics. Hair removal devices segment generated approximately USD 806 million in 2019 and will likely garner strong returns through 2027.
 

Considering gender, male segment is slated to witness 12% growth by the end of the analysis timeline. Some of the cosmetic procedures that are popular among male are botox, skin rejuvenation, and sculpsure body sculpting.
 

In terms of end-use, home settings, dermatology clinics, beauty centers and medical spas, ambulatory surgical centers, and hospitals are different industry segments. Of these, ambulatory surgery facilities segment generated USD 2.7 billion in revenue in 2019 and is likely to expand at a strong rate in the coming years.
 

From regional perspective, Latin America aesthetic medicine market is expected to reach a value of USD 2.6 billion by the end of the forecast period. The region has established itself as one of the most popular destinations for aesthetic tourism.
 

Considering the competitive landscape, AbbVie (Allergan), Lumenis Inc., Johnson & Johnson Pvt. Ltd., Cutera Inc., Bausch Health Companies Inc., Cynosure Inc., Galderma S.A, PhotoMedex Inc., Alma Lasers Ltd., Merz Pharmaceuticals GmbH, and Syneron Medical Ltd. are among the major companies influencing the market trends.