The Latin America, Middle East and Africa Medical Aesthetics Market would witness market growth of 14.9% CAGR during the forecast period (2023-2030).
The prevalence and adoption of cosmetic procedures among men continue to rise yearly. In addition, the demand for non-energy-based procedures, such as dermal enhancements and botulinum toxin, contributes to the overall increase in the number of procedures performed. The overall demand for medical aesthetics results from these reasons and the gender balance in adopting cosmetic operations, which is gradually improving.
Cosmetic procedures are becoming more socially accepted, with less stigma. As a result, more people are willing to consider these treatments to enhance their appearance and boost their confidence. Increased competition among aesthetic providers has driven down the cost of some procedures, making them more affordable and attainable to a broader range of patients. Medical tourism has contributed to the growth of the medical aesthetics market. People often travel to other countries for cost-effective aesthetic procedures, contributing to the industry's expansion.
The UAE has a large expatriate population, resulting in a cosmopolitan society with diverse cultural influences. This diversity contributes to a wide range of beauty preferences and aesthetic ideals. The UAE places a high value on beauty and personal grooming. This cultural emphasis on appearance has led to a robust demand for aesthetic treatments and products. Influencers and celebrities often share their beauty routines and experiences with aesthetic treatments, influencing the choices of their followers. This exposure to global trends in beauty and aesthetics has led to the adoption of a wide range of treatments and procedures from around the world. Due to these aspects, the regional market will grow in upcoming years.
The Brazil market dominated the LAMEA Medical Aesthetics Market by Country in 2022; and would continue to be a dominant market till 2030, thereby, achieving a market value of $745.6 million by 2030. The Argentina market is showcasing a CAGR of 15.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 14.6% during (2023 - 2030).
Based on End User, the market is segmented into Clinics, Hospitals, & Medicals Spas, Beauty Centres, & Home Care Settings. Based on Procedure, the market is segmented into Non-Surgical Procedures (Anti-Aging And Skin Rejuvenation, Tattoo & Scar Removal, Hair Removal, Lipolysis, Others), & Surgical Procedures (Breast Augmentation, Facelift & Body Lift, Rhinoplasty, Others). Based on Product, the market is segmented into Facial Aesthetic Products, Body Contouring Devices, Hair Removal Devices, Physician-dispensed cosmeceuticals And Skin Lighteners, Cosmetics Implant, Skin Aesthetic Devices, Tattoo Removal Devices, & Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Medical Aesthetics Market is Projected to reach USD 31.1 Billion by 2030, at a CAGR of 10.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Allergan PLC (AbbVie, Inc.), Alma Lasers Ltd. (Sisram Medical Ltd.), Bausch Health Companies Inc, Anika Therapeutics, Inc, Johnson & Johnson, Merz Pharma GmbH & Co. KGaA, Candela corporation, Lumenis Be Ltd., Galderma S.A., and Cutera, Inc.
By End User
By Procedure
By Product
By Country
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