Aesthetic medicine market will continue to grow predicts new Global Market Insights report

Global Market Insights, a global market research and management consulting company has released its latest report entitled ‘Aesthetic Medicine Market forecasts and insights – 2027’.

The report offers critical data and information about the industry progression keeping in view the impact of COVID-19 pandemic on the worldwide economy.

The aesthetic medicine market size was valued at USD 14.5 billion in 2020 and will witness a CAGR of over 9.2% through 2027 with rising awareness of its benefits among healthcare professionals and patients, according to the report.

The non-surgical segment had held a market share of more than 63% in 2020 owing to the development of novel devices for non-surgical aesthetics and growing awareness about minimally invasive techniques among people.

Hospitals recorded a valuation of more than $4 billion in 2020 and will grow with increasing adoption of advanced aesthetic procedures driven by growing number of surgeries and rising expenditure on healthcare infrastructure in developing economies, it predicted.

The North American aesthetic medicine market held more than 51% revenue share in 2020 and will grow on account of rising expenditure on cosmetic and rejuvenation procedures for en-hancing aesthetics in the region, the report adds.