Global Aesthetic Treatment Market Stats 2023
The global market for non-invasive cosmetic treatments experienced a significant surge, increasing from £39.4 billion in 2022 to £45.5 billion in 2023. This represents a compound annual growth rate (CAGR) of 15.5%. This market is also projected to continue its upward trend and reach a staggering £78.8 billion by 2027, growing at a CAGR of 14.7%. Non-surgical alternatives such as microblading, neurotoxin injections, dermal fillers, Latisse, non-surgical fat removal, chemical peels, and laser hair removal constitute this market’s revenues.
The non-invasive beauty treatment industry covers all profits generated by procedures such as microblading, neurotoxin injections, dermal fillers, Latisse, non-surgical fat removal, chemical peels, and laser hair removal. This includes any related products sold by the provider or included in the treatment package. Only sales between businesses or directly to customers are taken into account. Non-invasive treatments are cosmetic procedures that don’t require surgery or cutting.
North America reigns supreme as the largest player in the non-invasive aesthetic treatment market this year. However, all eyes are on Asia-Pacific, predicted to be the region with the swiftest growth over the forecast period. The non-invasive aesthetic treatment market report encompasses several regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Injectables and skin rejuvenation lead the pack as the principal types of non-invasive aesthetic treatments.
Growing concerns over physical appearance among adults are driving the expansion of the non-invasive aesthetic treatment industry. As more and more people become self-aware, they are seeking out products and medical procedures to enhance their outward appearance. Recent research reveals that a whopping 62% of the British incorporate anti-ageing products into their daily skincare regime. Due to this increased emphasis on appearance, the demand for non-invasive aesthetic treatments is predicted to surge over the coming years.
The non-invasive aesthetic treatment market is witnessing a surge in technological innovation. Companies in this industry are striving to create cutting-edge products that offer superior efficiency. Revolutionary technology is the name of the game for these market players.