LATAM Aesthetic Devices Market is expected to grow with the CAGR of 6.8% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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LATAM aesthetic devices market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in the aesthetic devices market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, In March 2013, Johnson & Johnson Services, Inc.’s brand Mentor received Food and Drug Administration (FDA) approval for the Memory Shape Breast Implants under Premarket Approval (PMA) Application. This has helped the company in expanding its portfolio in the aesthetic devices especially cosmetic implants in the aesthetic devices market.
AbbVie Inc., is the dominating player in LATAM aesthetic devices market. The other key players existing in the market includes Johnson & Johnson Services, Inc., Sientra, Inc., CEREPLAS, DPS Technology Development Ltd, Solta Medical (A Subsidiary of Bausch Health Companies Inc.), Merz Pharma, Candela Medical, Alma Laser (A Subsidiary of Sisram Medical Ltd), Venus Concept, Fotona, GALDERMA, Genesis Biosystems, Inc. and LABORATOIRES ARION among others.
AbbVie Inc.
AbbVie Inc. headquartered in Illinois, U.S. was founded in 2013. The company is a research-driven biopharmaceutical company which is engaged in providing therapeutics for the areas including immunology, oncology and neuroscience among others. The product categories of the company include central nervous system, eye care, gastroenterology, medical aesthetics and other out of which medical aesthetics is the market focused category.
- In May 2020, AbbVie Inc. underwent an acquisition of Allergan leading to merging of the product portfolio of the two companies. This strategic inititive done by the company have helped AbbVie Inc. to increase its market and demand for its product in future as the acquisition has combined the product portfolio of both the companies thereby strengthening their business.
The company has wide presence across North America, Europe, Middle East and Africa, Asia-Pacific and Latin America. In addition to it, the company also generates its revenue from the various subsidiary companies such as AbbVie Holdings Inc. (U.S.), AbbVie Pty Ltd (Australia), AbbVie SA (Belgium), AbbVie Farmacêutica Ltda. (Brazil) and AbbVie Productos Farmaceuticos Limitada (Chile) among others.
Johnson & Johnson Services, Inc.
Johnson & Johnson Services, Inc. is headquartered in New Jersey, U.S. and was founded in 1887. The company is engaged in the research and development, manufacturing and sale of the broad range of products in the health care field. The product categories of the company include Consumer Health Products, Medical Devices, and Pharmaceutical Products out of which Medical Devices is the market focused category.
- In March 2013, Johnson & Johnson Services, Inc.’s brand Mentor received Food and Drug Administration (FDA) approval for the MemoryShape breast implants under Premarket Approval (PMA) Application. This has helped the company in expanding its portfolio in the aesthetic devices especially cosmetic implants in the aesthetic devices market.
The company has wide presence across North America, Europe, Asia-Pacific, Middle East and Africa, Latin America. The company has various subsidiaries such as Acclarent, Inc. (U.S.), Ethicon Endo-Surgery, Inc. (U.S.), Actelion Pharmaceuticals Japan Ltd. (Japan), AMO Belgium BVBA (Belgium) and AMO Germany GmbH (Germany) among others.
Alma Lasers (a subsidiary of Sisram Medical Ltd)
Alma Lasers (a subsidiary of Sisram Medical Ltd) is headquartered in Israel and was founded in 1999. The company is engaged in aesthetic and surgical market and offers products having innovative technologies based on laser, light-based, radio-frequency and ultrasound solutions. The product categories of the company include medical equipment & laser devices, aesthetic precision, surgical out of which medical equipment & laser devices, aesthetic precision, surgical is the market focused category.
For instance-
- In January 2020, Alma Lasers received “Excellence Award” for its outstanding business performance in Japan. This recognition received by the company increases its credibility in the market leading to increased demand for its product in the market.
The company has wide presence across North America, Europe, Asia-Pacific and Latin America. The company has various subsidiaries such as Alma Lasers GmbH (Germany), Alma Lasers Inc. (U.S.), Alma Lasers Australia Pty Ltd (Australia), Alma Korea Limited (Korea) and Alma Medical HK Limited (China) among others.
