The Market for Global Medical Aesthetics is expected to grow at CAGR 13.7% from 2017 to 2024
Data Bridge Market Research new Insight’s on “Global Medical Aesthetics Market, is projected to reach USD 16.1 billion by 2024, from USD 8.33 billion in 2016, at a CAGR of 13.7% during the forecast period from 2017 to 2024.”
The market is segmented by Product Type (Aesthetic Laser Devices, Energy Devices, Skin Tightening and Body Contouring Devices, Aesthetic Implants, Facial Aesthetic Devices), By Applications (Anti-Aging and Wrinkles, Facial & Skin Rejuvenation, Vascular Lesions, Body shaping & cellulite, Breast Enhancement, Scars, Pigment Lesions, Reconstructive Surgery, Tattoo Removal, Hair Removal, Psoriasis & Vitiligo, Skin Surgery, Skin Tightening), By End-User (Hospitals , Dermatology Clinics, Cosmetic Centers, Medical Spas & Beauty Center), By Distribution Channel (Direct Tenders, Retail), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.
Medical Aesthetics Market: Recent Developments
The usage of medical aesthetics devices are increasing in today’s market owing to its benefits such as maintaining the youthful appearance ,pain free and non-invasive beauty treatments, maintenance free skin that remains smooth and hairless without the need for shaving, waxing or unpleasant hair treatments, improving the cosmetic appearance, technological advancement in medical aesthetics devices. There are other benefits to the usage of medical aesthetic devices procedure time (Non-surgical treatments usually take about thirty minutes to perform (including anesthesia) and do not require lengthy preparation time. Surgical procedures can mean taking days out of your busy schedule), common risks of non surgical procedures All of the standard risks of surgery, such as serious infection and anesthesia complications are avoided. Risks with non surgical procedures are limited to minor bruising and swelling. There are two engines driving the rapid development of medical aesthetic devices. The first is the extensive research carried out both by academic institutions and by manufacturers of aesthetic devices. The second engine is the immense technological advances with which our era is characterized. According to American Society of Plastic Surgeons, there were 68,106 aesthetic breast reduction surgeries in the United States in 2015, and for the first time, men accounted for more than 40% of those procedures.
Whereas the main restraint for the aesthetic market is the less knowledge about the medical aesthetic devices among the general public, strict government policies, developing, testing and manufacturing products in compliance with regulatory standards in a timely manner, time-consuming and costly nature of developing and commercializing new products and receiving requisite regulatory approvals for such products in a timely manner.
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Medical Aesthetics Market Categories: Segmentation
The global medical aesthetics market is segmented based on product type, application, end-user, distribution channel, and geography.
On the basis of product type, the global medical aesthetics market is segmented into Aesthetic Laser devices which are further sub -divided into Fractional Carbon Dioxide Laser Resurfacing, Ablative Skin Resurfacing Devices, Non-Ablative Fractional Laser Skin Resurfacing ; Energy Devices which is further segmented into Electrocautery, Electrosurgery, Cryosurgery, Laser surgery, Microwave , Harmonic scalpel. The Skin Tightening and Body Contouring Devices are segmented into Liposuction Devices, Skin Tightening Devices, Cellulite Reduction devices,; Aesthetic Implants is segmented into Breast Augmentation, Soft Tissue Implants, Aesthetic Dental Implants, Buttock augmentation, Transdermal implant; Facial Aesthetic Devices is further segmented into Botox injections, Chemical peels, Collagen injection, Cosmetic acupuncture, Dermal filler injections, Electrotherapy, Facial toning, Fraxel, Microdermabrasion, Photorejuvenation, Laser resurfacing, Neuromodulators, Permanent makeup.
Based on application, the medical aesthetics market is segmented into anti-aging and wrinkles, facial & skin rejuvenation, vascular lesions, body shaping & cellulite, breast enhancement, scars, pigment lesions, reconstructive surgery, tattoo removal, hair removal, psoriasis & vitiligo, skin tightening and others.
On the basis of end-users, the market is segmented into hospitals, dermatology clinics, cosmetic centers, medical spas & beauty center.
Medical Aesthetics Market: Geographic Segmentation
Based on geography the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. In 2017, North America is expected to dominate the medical aesthetic market with 58.4% market share followed by Europe and APAC. However, the APAC region is expected to grow at the highest CAGR of 16.2% in the forecast period 2017 to 2024.
Medical Aesthetics Market: Company Share Analysis
The market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market. For example on Feb 2017 Allergan Plc (AGN) announced that it has successfully completed the acquisition of LifeCell Corporation, a leading regenerative medicine company. The report includes company share data for different geographies including Global, North America, Europe, and APAC.
Some of the major players operating in the global medical aesthetics market are Allergan plc, Neograft Technologies Inc, BTL Aesthetics, Galderma S.A., Thermi , Merz Pharma Gmbh & Co, Surgical Specialties Corporation, Suneva Medical, Venus concept, Valeant Pharmaceuticals International,Sientra Inc, Cynosure Inc , Revance Therapeutics Inc, Zeltiq Aesthetics Inc, Dynatronics Corporation, EternoGen Aesthetics, GC Aesthetics, Obagi Skin Health Institute, Dermatology Associates, Alma Lasers GmbH ,Cutera Inc, Ellman International Inc, Genesis Biosystems Inc, PhotoMedex Inc, Sciton Inc, Smith & Nephew Healthcare Pvt. Ltd., Solta Medical Corporate, Syneron Medical Ltd , Laboratories Vivacy, Prollenium Medical Technologies among others.
Other Market Insights:
Global Aesthetic Devices Market, latest insights by Data Bridge Market Research says that new market reports contains the actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.
Global Dermatology Devices Market, latest insights by Data Bridge Market Research says that the new market reports contain the actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.
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