Why Medical Aesthetics Is an Industry on the Rise
Medical Aesthetics is a growing field potentially creating new jobs.
Thanks to diverse consumer demand, Medical Aesthetics is an expanding industry. In a 2018 global survey conducted by Allergan Aesthetics of more than 14,500 aesthetically conscious consumers, 83% of consumers worldwide were willing to invest in their appearance.1 From baby boomers to millennials, aesthetic procedures are being embraced across generations.
Aesthetic procedures are increasingly popular across diverse consumer groups.
In 2018, there were 12,659,147 nonsurgical medical procedures performed worldwide, and nonsurgical procedures increased by 10.4% worldwide. The U.S. was responsible for 22.7% of all nonsurgical procedures globally.2 In 2020, this figure increased yet again to 14.4 million nonsurgical procedures, with an expected growth of up to 23 million nonsurgical injectable treatments and 14.6 million body procedures by 2025. Additionally, in 2020, Hispanic, African-American, and Asian patients represented 32% of patients having aesthetic surgery, a 4% increase from 2019 when these groups made up 28% of patients.3
Millennials are considering more Medical Aesthetics treatments.
When aesthetically conscious consumers around the world between the ages of 21 and 35 were asked, 98% (n = 5,975) said they would consider professional treatment at some point in their lives, and 82% (n = 4,890) said injectable treatments are socially acceptable.1 This means that as millennials age, they may be open to and transparent about the idea of receiving aesthetic treatments.4 Because of the growing demand from millennials, it’s predicted that the Medical Aesthetics industry will experience rapid growth of over 12% by 2026.5
Noninvasive treatments are gaining in popularity among consumers.
In Allergan Aesthetics global survey, 53% (n = 14,584) of consumers worldwide said they would consider a body contouring treatment, and 19% (n = 14,584) would consider it within the next year.1 The global Medical Aesthetics market, which includes skin tightening, dermal fillers, body contouring, and other procedures, is projected to reach $17.07 billion by 2023 from $10.30 billion in 2018, at a compound annual growth rate of 10.6%.6
As the popularity of Medical Aesthetics treatments continues to rise, especially due to an increasingly diverse millennial aesthetic consumer demand, it’s easy to see why the Medical Aesthetics industry has a bright future.
If these trends have inspired you to explore potential new aesthetic healthcare provider jobs, check out Spark’s mobile-optimized resource for Beginners Considering a Career in Medical Aesthetics.
https://www.allergan.com/medical-aesthetics/allergan-360-aesthetics-report. Accessed September 16, 2022
https://www.isaps.org/wp-content/uploads/2019/12/ISAPS-Global-Survey-Results-2018-new.pdf. Accessed September 16, 2022
Data on file, Allergan Aesthetics. August 2022
https://www.forbes.com/sites/stephanrabimov/2018/02/27/the-millennial-approach-to-remaining-young-beautiful/?sh=4322a68212c6. Accessed September 16, 2022
https://www.mckinsey.com/industries/life-sciences/our-insights/from-extreme-to-mainstream-the-future-of-aesthetics-injectables. Accessed September 16, 2022
https://www.prnewswire.com/news-releases/medical-aesthetics-market-worth-17-07-billion-by-2023-877401471.html. Accessed September 16, 2022