Medical Aesthetics Market to show promising growth worldwide

Market Introduction

Medical aesthetics explains the procedure involved in improving cosmetic appearance with treating various related conditions such as moles, excess fats, wrinkles, skin laxity, pigments, skin-lightening treatment and many more. Medical aesthetic methods are majorly opted solutions that may impact the social wellbeing and psychological situations of patients.

Drivers and restrain factor of the market

Increasing adoption of minimally invasive and non-minimally invasive aesthetic procedures, rising adoption of surgical and non-surgical cosmetic treatments, increasing public awareness about cosmetic procedures, rising demand for minimally invasive surgeries, technological advancements and others are some major market drivers that boost the market growth over the forecast period. Whereas, threat of counterfeit products, risks associated with aesthetic products and issues related to reimbursement policies are some growth hindering factors of the market.

Major players in the market

The major market players present in the global medical aesthetics market are Cynosure Inc. (US), Allergan plc (Ireland), Alma Lasers (Israel), Cutera, Inc. (US), El.En. S.P.A. (Italy), Mentor Worldwide LLC (US), Fotona D.O.O (Solvenia & US), Merz Aesthetics (Germany), Galderma Laboratories, L.P. (US), Venus Concept (Israel) and others. Market players adopt various market strategies to withhold the market position in a competitive manner.

Recent key development in the market

Merger, November 2019:  Venus Concept merged with Restoration Robotic Inc. and the company combinedly will be known as Venus Concept. Both companies dealt in medical aesthetic technology with wide product portfolio.

Product Launch, July 2019: Cynosure launched two novel products named TempSure and SculpSure. The later mentioned product also received the FDA 510(k) clearance from the US government.

Acquisition, March 2019:  Allergan acquired Envy Medical that was specially dealing in skin resurfacing technology. The acquisition will enhance Allergan’s product portfolio in a form of Dermalinfusion to treat various skin-related concerns.

Leading region and fastest growing region 

North America account for the largest market share of the global medical aesthetics market, the market dominance is attributed to increasing number of aesthetic procedures and high adoption rate of new technologies for aesthetic procedure in the region. On the other hand, the Asia-Pacific market is projected to grow at fastest growth rate over the forecast period. The market growth is attributed to various key factors that influence the market growth of the APAC region are rising consumer awareness in aesthetic procedures, increasing medical tourism in the region and others.

Market segment

The global medical aesthetic market is segmented and sub-segmented into various groups, that help to analyze the market scenario from various angle.  

Based on Product Segment

  • Facial Aesthetic Products
    • Dermal Fillers
    • Botulinum Toxin
    • Microdermabrasion
    • Chemical Peels
  • Body Contouring Devices
    • Nonsurgical Fat Reduction Devices
    • Cellulite Reduction Devices
    • Liposuction Devices
  • Cosmetic Implants
    • Breast Implants
      • Silicone Implants
      • Saline Implants
    • Facial Implants
    • Other Cosmetic Implants
  • Hair Removal Devices
    • Laser Hair Removal Devices
    • IPL Hair Removal Devices
  • Skin Aesthetic Devices
    • Laser Resurfacing Devices
    • Nonsurgical Skin Tightening Devices
    • Micro-needling Products
    • Light Therapy Devices
  • Tattoo Removal Devices
  • Thread Lift Products
  • Nail Treatment Laser Devices
  • Physician-dispensed Eyelash Products
  • Physician-dispensed Cosmeceuticals and Skin Lighteners

Based on End User Segment

  • Clinics, Hospitals, and Medical Spas
  • Beauty Centers
  • Home Care

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