CHICAGO, Sept. 27, 2023 /PRNewswire/ — The medical aesthetics industry is poised for significant growth in the near future, driven by advancements in technology, increasing consumer demand for non-invasive cosmetic procedures, and a growing emphasis on self-care and personal well-being. Innovations such as minimally invasive treatments, precision-guided cosmetic enhancements, and personalized skincare regimens are expected to become commonplace, offering patients safer and more effective solutions with minimal downtime. Moreover, the industry will witness a surge in telemedicine and virtual consultations, making aesthetic treatments more accessible and convenient. As societal norms continue to evolve, the medical aesthetics field will play an integral role in empowering individuals to feel confident and comfortable in their own skin, ushering in an era where beauty meets science in perfect harmony.
Medical Aesthetics Market in terms of revenue was estimated to be worth $15.4 billion in 2023 and is poised to reach $25.9 billion by 2028, growing at a CAGR of 11.0% from 2023 to 2028 according to a new report by MarketsandMarkets™. The market’s growth is significantly propelled by the rising popularity of aesthetic procedures among the elderly demographic. As people age, there is a heightened desire to maintain a youthful appearance, leading to increased demand for cosmetic treatments such as facelifts, Botox, and dermal fillers. Moreover, advancements in medical aesthetics have made these procedures safer and more accessible, further enticing older individuals. This trend reflects a broader societal shift towards embracing aging with vitality and confidence, contributing substantially to the market’s expansion.
Browse in-depth TOC on “Medical Aesthetics Market”
253 – Tables 37 – Figures 310 – Pages
Medical Aesthetics Market Scope:
Report Coverage
Details
Market Revenue in 2023
$15.4 billion
Estimated Value by 2028
$25.9 billion
Growth Rate
Poised to grow at a CAGR of 11.0%
Market Size Available for
2021–2028
Forecast Period
2023–2028
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Product, Procedure, End User, and Region
Geographies Covered
North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Substantial prospects await market participants in developing nations.
Key Market Drivers
The increasing embrace of minimally invasive and non-surgical aesthetic treatments.
Facial Aesthetics Product segment to register significant growth rate over the forecast period of 2023-2028.
Based on the product, the global Medical Aesthetics Market is segmented into facial aesthetic products, cosmetics implants, skin aesthetic devices, body contouring devices, physician-dispensed cosmeceuticals and skin lighteners, hair removal devices, tattoo removal devices, thread lift products, physician- dispensed eyelash products and nail treatment laser devices. The facial aesthetic products segment is anticipated to register the highest growth rate over the forecast period. The facial aesthetic products segment accounted for the highest share of the Medical Aesthetics Market in 2023.
The non-surgical procedures segment accounted for the largest share of the medical aesthetics market, by procedure in 2023.
Based on procedure, the medical aesthetics market is segmented into surgical procedures – breast augmentation, rhinoplasty, facelift and body lift, other surgical procedures, non-surgical procedures – anti-aging and skin rejuvenation, tattoo and scar removal, hair removal, lipolysis, other non-surgical procedures. Non-surgical procedures segment accounted for the largest share of the market in 2022 and is also expected to grow at the highest CAGR during the forecast period.
Factors such as the Growing interest in cosmetic procedures among males of the medical aesthetics market drive the growth of the market.
The clinics, hospitals, and medical spas segment accounted for the largest share of the medical aesthetics market, by end user, in 2023
Based on end user, the global Medical Aesthetics Market is segmented into clinics, hospitals, and medicals spas, beauty centers, and home care settings. The clinics, hospitals, and medicals spas segment accounted for the largest share of the market in 2023. Significant rise in the number of hospitals and rising old-age population are driving the growth of this segment.
The Asia Pacific market to register the highest growth in the market during the forecast period
The Asia Pacific Medical Aesthetics Market is anticipated to register the highest growth from 2023 to 2028. Major players in the market are focusing on expanding their manufacturing capabilities in the APAC. This region is consistently witnessing a rise in the adoption of high-end equipment. Improvements in healthcare systems and government initiatives for modernizing the healthcare infrastructure are offering significant growth opportunities for the key players.
The increasing embrace of minimally invasive and non-surgical aesthetic treatments
Restraints:
Stringent regulatory compliance and safety standards in medical aesthetics
Opportunities:
Substantial prospects await market participants in developing nations
Challenge:
The presence of alternative beauty and cosmetic products
Key Market Players:
As of 2023, prominent players in the Medical Aesthetics Market are Abbvie Inc. (US), Bausch Health Companies Inc. (Canada), Johnson & Johnson (US), and among others.
Recent Developments:
In March 2023, Galderma introduced “FACE by Galderma,” an augmented reality (AR) tool that empowers both aesthetic professionals and patients to preview injectable treatment results before the actual procedure, enhancing the treatment planning process.
August 2022, AbbVie Inc. launched SkinMedica Firm & Tone Lotion for Body, the first product from the professional-grade skincare line formulated to prevent and address visible signs of the body.
March 2021, Bausch Health Companies Inc. and its Solta Medical business announced the US launch of the Clear + Brilliant Touch laser, a next-generation product that delivers a customized and more comprehensive treatment protocol by providing patients of all ages and skin types with the benefits of two wavelengths.
Non-Invasive Procedures: Many medical aesthetic treatments are minimally invasive or non-invasive, reducing the need for surgery and its associated risks, downtime, and scarring. This appeals to individuals seeking cosmetic improvements without the commitment of traditional surgical procedures.
Customization: Medical aesthetics procedures can be highly tailored to each patient’s unique needs and desires. This level of customization allows for natural-looking results that enhance a person’s appearance while maintaining their individuality.
Quick Results: Unlike traditional surgeries that may require weeks or months of recovery, medical aesthetics treatments often yield rapid results. Patients can often return to their daily activities shortly after the procedure.
Safety: Advances in technology and techniques have made medical aesthetics procedures safer than ever before when performed by qualified professionals. Rigorous training and certification standards contribute to patient safety.
Reduced Pain and Discomfort: Many medical aesthetics treatments are virtually painless, with some offering options for local anesthesia or numbing creams to enhance comfort during the procedure.
Minimal Downtime: Patients can typically resume their normal activities soon after most medical aesthetics treatments, making them convenient for busy lifestyles.
Longevity: While results vary depending on the specific treatment, many medical aesthetics procedures offer long-lasting effects, reducing the need for frequent maintenance.
Boost in Confidence: Medical aesthetics can significantly improve a person’s self-esteem and body image, leading to increased confidence and overall well-being.
Accessibility: The medical aesthetics industry has become more accessible to a broader range of people, with a variety of treatment options available at different price points.
Ongoing Innovation: The field of medical aesthetics continues to evolve, with ongoing research and development leading to new and improved procedures and technologies that enhance patient outcomes and safety.
Overall, the medical aesthetics market’s advantages cater to individuals seeking cosmetic enhancements with minimal risk and downtime, fostering a positive impact on their physical appearance and emotional well-being.
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The global hand cream market is projected to grow from USD 434.4 million in 2022 to USD 623.3 million by 2030, at a CAGR of 5.8% during the forecast period from 2023 to 2030.
Hand cream, a body care product, is formulated with ingredients such as water, triethanolamine, propylene glycol, stearic acid, methyl stearate, lanolin, and mineral oil. It serves various purposes, including preventing dryness, combating premature aging signs, enhancing skin moisture and smoothness, and protecting against UV exposure. Hand cream is readily accessible through different channels, including online stores, supermarkets, and specialty shops.
Market Segmentation
The global hand cream market is segmented based on:
Demographics: Categories include male and female.
Distribution Channels: Supermarkets, specialty stores, beauty salons, pharma & drug stores, and online stores.
Product Type: Moisturizing hand creams, anti-aging hand creams, healing hand creams, and others.
Age Group: Generation X, Baby Boomers, Millennials, and Generation Z.
Region: Geographical regions include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Market Analysis by Demographics
Female Segment: Holds the largest revenue share in the global hand cream market and is expected to grow at the fastest CAGR during the forecast period. The increasing population of working women is a significant factor driving market growth.
Analysis of the Hand Cream Market by Distribution Channel
Supermarket Store Segment: Holds the largest revenue share and is expected to grow at a significant CAGR during the forecast period. Supermarket stores offer a wide range of hand cream brands, providing consumers with more options to purchase different hand creams according to their preferences.
Regional Insights on the Global Market for Hand Cream
Asia Pacific: Holds the highest market share in the global hand cream market and is expected to be the fastest-growing region during the forecast period. Factors contributing to this growth include the increasing demand for skincare products and the presence of several hand cream manufacturers in the region. The habit of frequent hand washing, especially due to COVID-19, also drives market growth.
North America: Dominated by the United States, primarily due to high hygiene standards and an increasing working population. The heightened awareness of hand washing and moisturizing after sanitization due to COVID-19 has led to increased spending on skincare products.
Europe: Hand cream usage is prevalent and one of the most popular body care products in Europe. Health concerns and diseases have driven European consumers to prioritize personal health and hygiene, leading to higher usage of hand cream.
Market Dynamics
Drivers
Rise in Working Women: The growing number of working women worldwide significantly impacts market growth. Working women, in particular, have the purchasing power for expensive and premium hand cream products.
Increased Awareness: Growing consumer awareness regarding moisturizing hands after hand washing and sanitization positively impacts market growth.
Restraints
Counterfeit Products: The availability of counterfeit products poses a significant challenge, eroding trust in reputable companies and hindering market growth.
Competitive Landscape
The global hand cream market features intense competition among both local and international companies. Major players are implementing strategies such as introducing new products, acquiring other companies, and forming collaborations to foster growth. Key players include L’Oreal SA, Unilever PLC, The Estee Lauder Companies Inc., Johnson & Johnson Services, Inc, and others.
Recent Developments
In March 2022, GOJO Industries, Inc. (Purell brand) unveiled an environmentally friendly hand sanitizer produced from plant-based ethanol and packaged in a recyclable PET plastic container.
Amway India launched Persona Germ Protection and Moisturizing liquid hand wash, which is free of commonly used preservatives like sulphate and paraben.
Key Market Trends
Incorporation of Beneficial Elements: Hand creams are incorporating beneficial elements like herbs and essential oils with healing and regenerative properties for the skin. This trend aligns with consumer preferences for natural ingredients.
This information provides an overview of the global hand cream market, its growth prospects, and key trends.
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JERSEY CITY, N.J., Sept. 27, 2023 /PRNewswire/ — The Global Wi-Fi Chipset Market is projected to grow at a CAGR of 4.56% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 19.63 Billion in 2022 and is expected to reach USD 27.90 Billion by the end of the forecast period.
Wi-Fi Chipset Market: Unveiling Market Trends, Drivers, Opportunities, and Challenges
The global Wi-Fi Chipset Market is witnessing a transformative evolution, with Wi-Fi technology emerging as the quintessential connectivity choice across various industries. A recent market research report provides profound insights into the current market landscape, highlighting key drivers, opportunities, challenges, and the prominent players influencing this dynamic sector.
Wi-Fi Chipset Market Outlook
The Wi-Fi Chipset Market has witnessed a paradigm shift, with wireless connectivity superseding traditional wired internet across industries. The global demand for wireless connectivity solutions has surged owing to their accessibility, ease of use, and rapid advancements in technology. As a result, Wi-Fi has become the de facto technology choice within the consumer electronics domain, finding its place in every corner of the globe.
Wi-Fi Chipset Market Key Drivers
WiGig Technology: The adoption of Wireless Gigabit (WiGig) technology has been a significant driving force in the wireless sector. WiGig, operating at multi-gigabit per second speeds over the unlicensed 60 GHz frequency band, offers advanced data transfer capabilities compared to standard Wi-Fi. The technology’s development and promotion by the Wireless Gigabit Alliance (WiGig) have catalyzed its widespread adoption.
Public and Private Sector Utilization: Both the public and private sectors are making substantial efforts to enhance internet connectivity within communities. Public Wi-Fi initiatives, often spanning entire cities, have gained momentum, enabling governments to empower their citizens with better services. This initiative extends accessibility to education facilities, particularly benefiting individuals without home internet access, who can now access public services, seek employment opportunities, and access professional educational resources.
Wi-Fi Chipset Market Opportunities
The market is ripe with opportunities for innovation and growth. As Wi-Fi technology continues to advance, there are ample prospects for further penetration into emerging markets, the development of new applications, and enhanced connectivity solutions. The burgeoning smart city concept and the increasing demand for Wi-Fi-enabled devices further open doors for expansion.
Wi-Fi Chipset Market Challenges
Despite its promising growth trajectory, the Wi-Fi Chipset Market faces persistent challenges, notably in the realm of cybersecurity. The ongoing threat of data breaches and security vulnerabilities remains a significant concern. Advanced hacking systems and cyber threats continue to pose risks to the reliability of internet connectivity, despite the implementation of security measures such as WEP and WPA.
Wi-Fi Chipset Market Key Players
Prominent players shaping the Wi-Fi Chipset Market include Quantenna Communications Inc., Peraso Technologies Inc, QUALCOMM, Mediatek, BROADCOM, Cypress Semiconductor Corporation, Intel Corporation, Marvell Technology Group Ltd. Inc, Texas Instruments, Samsung Electronics Co. Ltd, STMicroelectronics N.V., and Others. These industry leaders are at the forefront of technological advancements, driving innovation and market expansion.
The North American region stands out with the largest market share, driven by its proclivity for early technology adoption and its sophisticated technical infrastructure. North America’s leadership in wireless communication developments, including the widespread adoption of Wi-Fi technology, solidifies its dominance in the global market.
In conclusion, the Wi-Fi Chipset Market is poised for continued growth and innovation, driven by the proliferation of wireless connectivity, advancements in technology, and the commitment of industry leaders. While challenges in cybersecurity persist, opportunities for expansion and transformation abound in this dynamic sector.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Wi-Fi Chipset Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Wi-Fi Chipset Market into Product, Band, And Geography.
Wi-Fi Chipset Market, by Product
Smartphones
Tablet
PCS
Access Points
Others
Wi-Fi Chipset Market, by Band
Single-band
Dual-band
Tri-band
Wi-Fi Chipset Market, by Geography
North America
U.S
Canada
Mexico
Europe
Germany
France
U.K
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
ROW
Middle East & Africa
Latin America
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SAN FRANCISCO, Sept. 27, 2023 /PRNewswire/ — The Business Architecture Guild®, an international community of business architecture practitioners, today released Leveraging Business Architecture to Transform Critical Data Models, a new case study with insight into how Autodesk used business architecture to overcome complexities of business model transformation and evolve from selling perpetual licenses to a cloud-based subscription model.
For high-end software providers, increased customer demand for personalized experiences, lower upfront costs, and cloud services require new business models and extensive transformation to meet those demands. Now available in the Business Architecture Guild Learning Center®, this new case study details the challenges and opportunities Autodesk encountered in its journey and how it leveraged business architecture to shift from product-centric licensing to a customer-centric subscription model. This transformational evolution was made possible by organizational realignment, the right capabilities, and an actionable path forward. The case study offers lessons learned and recommendations for business leaders considering similar transformations.
According to Steven Scott, Director of Business Architecture at Autodesk, “While the benefits are significant, the shift from selling perpetual licensing to subscriptions is challenging and requires extensive transformation. We hope our story inspires others with insight into the magnitude of change and how Autodesk continues to use business architecture to adapt, create value for our customers, and remain at the forefront of emerging trends.”
For executive readers and others in a hurry, Autodesk also contributed a One-Page User Success Story. This snapshot perspective is ideal for sharing with business leaders. The Learning Center is frequently updated with success stories, case studies, whitepapers and more.
About the Business Architecture Guild®
The Business Architecture Guild® is an international, not-for-profit, member-based association that provides valuable resources to business leaders, practitioners, and others interested in the field. The Business Architecture Guild® is the source for A Guide to the Business Architecture Body of Knowledge® (BIZBOK® Guide) and exclusive provider of the Certified Business Architect® certification program.
About Autodesk
Autodesk makes software for people who make things. If you’ve ever driven a high-performance car, admired a towering skyscraper, used a smartphone, or watched a great film, chances are you’ve experienced what millions of Autodesk customers are doing with our software. Autodesk gives you the power to make anything. For more information visit autodesk.com or follow @autodesk.
SARASOTA, Fla., Sept. 27, 2023 /PRNewswire/ — Omeza, a regenerative skincare company that develops marine-based therapies for the treatment of chronic wounds, today announced that it has completed a $6.5 million offering and issuance of Series Seed Preferred Stock. The proceeds of this equity financing will be utilized to support operational activities, including Omeza’s three ongoing clinical trials evaluating the ability of Omeza combination therapy to initiate the wound healing process in refractory diabetic ulcers, venous ulcers, and multiple other etiologies.
“We have previously demonstrated the ability of Omeza combination therapy to heal advanced wounds that have failed to respond to other therapeutic interventions, and we are now conducting interventional clinical trials in a real-world setting to definitively show that our combination therapy triggers healing in chronic wounds and ulcers of multiple etiologies that have failed therapy for 3 months prior to trial enrollment,” said Cynthia Flowers, Chief Executive Officer at Omeza.
In addition to evaluating the healing properties of Omeza combination therapy, the trials will assess secondary endpoints during treatment, including patients’ quality of life; pain perception at baseline and as treatment progresses; increases in physical function; and enhanced daily living activities.
“The impact of chronic wounds is far more than physical; they exact an enormous toll on a person’s emotional well-being, psychosocial functioning, financial independence, and other parameters that are incredibly important to the individual’s ability to conduct routine activities,” said Suzanne Bakewell, Ph.D., Chief Scientific Officer at Omeza. “Our novel, first-in-class platform harnesses each individual’s innate physiologic capabilities to instigate the wound-healing process and potentially remediate many of these burdensome effects on daily living.”
Additional fourth quarter activities and milestones include:
A poster presentation describing two case studies that demonstrate complete and rapid healing of diabetic foot ulcers using Omeza® Collagen Matrix, Omeza® Lidocaine Lavage, and Omeza® Skin Protectant. Data will be presented at the Diabetic Foot Conference, hosted by the American Limb Preservation Society, Sept. 28 – 30.
The analysis of interim data analysis from the first 40 of 100 patients enrolled in the interventional randomized clinical trial evaluating Omeza combination therapy together with standard of care across multiple wound types and ulcers.
A poster presentation on a series of healed diabetic foot ulcer case studies at the Desert Foot Conference Dec. 6 – 9.
Presentation of new in vivo and in vitro data at the Innovations in Wound Healing meeting, Dec. 7 – 10, showing significant antimicrobial and antibiofilm activity with Omeza® Collagen Matrix treatment.
About OMEZA
Omeza is a commercial-stage regenerative skin and wound-care company that develops marine-based products comprising essential omega fatty acids and hydrolyzed fish collagen infused with cod liver oil. Founded in 2014, the company currently markets three products (Omeza® Collagen Matrix, Omeza® Lidocaine Lavage, and Omeza® Skin Protectant) designed to reduce inflammation, increase tissue proliferation, and support skin remodeling in adults with a range of chronic, non-healing wounds. Omeza is currently conducting three clinical trials in patients with diabetic ulcers, chronic venous leg ulcers, and multiple other etiologies to evaluate the effects of Omeza Combination Therapy versus standard of care on wound healing, pain reduction, quality of life, and additional secondary endpoints. The company is headquartered in Sarasota, Florida, and has research, manufacturing, and analytical facilities located throughout Florida.
JINAN, China, Sept. 27, 2023 /PRNewswire/ — According to Dazhong Daily report:
On September 25th, the 2023 World Cities Forum and Regional Leaders’ Summit was convened in Jinan, Shandong. Guests from over 30 countries and regions were gathered in the province to renew friendship and seek cooperation, writing a new chapter in the development of sister city cooperation.
Lin Wu, Secretary of the CPC Shandong Provincial Committee, attended the opening ceremony and delivered a speech. Zhou Naixiang, Deputy Secretary of the CPC Shandong Provincial Committee and Governor of Shandong Province, Ge Huijun, Chairperson of Shandong Provincial Committee of the Chinese People’s Political Consultative Conference, and Yang Dongqi, Vice Chairman and Party Secretary of the Standing Committee of Shandong Provincial People’s Congress, also attended the event.
Paulette Bethel, Ambassador of the Bahamas to China, Yan Dong, Vice President of the Chinese People’s Association for Friendship with Foreign Countries, Alan Winde, Premier of the Western Cape of South Africa, Li Jie, Vice President of the Chinese People’s Institute of Foreign Affairs, Kang Byungsam, Mayor of Jeju, the Republic of Korea, and Chen Yuming, Vice President of China Public Diplomacy Association, delivered remarks.
Governor Zhou Naixiangand Premier Alan Winde jointly signed a memorandum of understanding between Shandong and the Western Cape on further strengthening friendly cooperative relations.
At the opening ceremony, 8 outcomes were released, including Initiative on International Science and Innovation Alliance for Green and Low-Carbon Development of Renewable Energy, Initiative for Building a Small Satellite Program for Greenhouse Gas Detection, Initiative on Green and Low-Carbon Urban-Rural Development, Jinan Initiative on Cooperation and Development of Green Transportation, Jinan Initiative on Child-Friendliness, Initiative on Green Development Action, Beacon Action Plan for Green Building, and Hand in Hand for a Shared Future – 20 Years of Shandong Province and the RLS.
The event was sponsored by the People’s Government of Shandong Province and the Chinese People’s Association for Friendship with Foreign Countries with the theme of Green Development and Low Carbon Life. It included more than 20 activities, such as the opening ceremony, plenary meeting of Regional Leaders’ Summit, world cities forum round-table dialogue, bilateral and multilateral talks, educational and economic events, a tour to Jinan, an exhibition on intangible cultural heritage, and art performance.
