Market Growth
Medical Aesthetics in Canada Is Booming
According to recent reports, the cosmetics market in Canada is expected to grow to roughly 1.6 billion U.S. dollars by 2025. This growth can be attributed to an ever-rising demand for Botox and anti-aging procedures. Factors that drive market growth in the industry include acceptance of the procedures, disposable income, an efficient medical infrastructure, a prevalence of skin problems, and aesthetically oriented professionals. Nonsurgical procedures such as facials and cry lipolysis – a nonsurgical fat reduction, body contouring procedure that uses cold temperature to reduce fat deposits in certain areas of the body – help do away with wrinkles, facial lines, cellulite, and fat. Other non-invasive procedures include chemical peels, dermal fillers, and spider vein treatment. With non-invasive procedures, patients benefit from fewer scars, less time spent recovering, lower costs, and minimal complications. As the aesthetics industry expands, competition is increasing, and these procedures are not only being offered by beauty clinics but by others in the aesthetics industry, such as spa or salon owners.
| Report Attribute | Details |
|---|---|
| Report AttributeMarket Size Value in 2022 | DetailsUSD 69.9 billion |
| Report AttributeRevenue Forecast in 2030 | DetailsUSD 145.7 billion |
| Report AttributeGrowth Rate | DetailsCAGR of 9.6% from 2022 to 2030 |
| Report AttributeBase Year for Estimation | Details2021 |
| Report AttributeHistorical data | Details2017-2020 |
| Report AttributeForecast Period | Details2022-2030 |
| Report AttributeQuantitative Units | DetailsRevenue in USD million/billion and CAGR from 2022 to 2030 |
| Report AttributeReport Coverage | DetailsRevenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Report AttributeSegments Covered | DetailsProcedure type, region |
| Report AttributeRegional Scope | DetailsNorth America; Europe; Asia Pacific; Latin America; MEA |
| Report AttributeCountry Scope | DetailsU.S.; Canada; U.K.; Germany; France; Italy; Spain; China; India; Japan; Australia; South Korea; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE |
Non-Invasive Surgery Popular Among Men & Women’s
Non-invasive treatment market growth is expected to reach USD 47.07 billion by 2028. Since non-invasive procedures do not require surgical intervention, the risks of complications are lower, as is the cost of the treatment. The most popular cosmetic procedures that men choose are liposuction, rhinoplasty, and otoplasty (ear surgery), other procedures favored by men include laser hair removal, microdermabrasion, chemical peels, soft tissue & body contouring.
The Beauty Industry Gets A Boost
The appearance of the skin is an important aspect of overall health and wellbeing. Skin rejuvenation can take the form of skin relaxation, volume repositioning or volume enlargement, surface renewal, reshaping, and skin tightening. The number of aesthetic procedures performed globally – not just in Canada – is increasing steadily. The fact that many of these procedures can be done during a lunch hour and require no downtime makes them even more appealing.
Aesthetic Medicine Market Size, Share & Trends Analysis Report By Procedure Type (Invasive Procedures, Non-invasive Procedures), By Region (North America, Europe, APAC, LATAM, MEA), And Segment Forecasts, 2022 – 2030
Report Overview
The global aesthetic medicine market size was valued at USD 63.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.6% from 2022 to 2030. Manufacturers coming up with innovative aesthetic devices has led to an increased demand for aesthetic treatments in recent years. For instance, the introduction of technologically advanced products, such as non-invasive body contouring systems that use fat freezing technology, is expected to create lucrative opportunities for market growth in the coming years. According to the Aesthetic Society (U.S.), non-invasive body fat reduction was among the top 5 non-invasive procedures in the U.S. in 2020 with 140,314 procedures being carried out.