The global “Medical Aesthetics Market” is predicted to have a promising growth at a favorable 11.0% CAGR over the estimated years (2018-2023). Medical aesthetics is a method that utilizes minimal invasive treatments that aid to improve the physical appearance of a person with the use of beauty services and healthcare along with laser or any other energy-based device.
It comprises of a wide array of treatments and solutions which fulfil the aesthetic requirements of a person for skin tightening, botulinum toxin, body contours & firming, skin rejuvenation and oxygenation, scar treatment, stretch marks, fat reduction, wrinkle and fine lines reduction
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Leading players profiled in the medical aesthetics market include Syneron Medical, Ltd. (A Part of Apax Partners), Solta Medical (A Division of Valeant Pharmaceuticals International, Inc.), Sinclair Pharma PLC, Sientra, Inc., Medytox, Inc., Merz Aesthetics, Inc. (A Division of Merz Pharma GmbH & Co. KGaA), Johnson & Johnson, Galderma (A Subsidiary of Nestlé), Fotona D.O.O., El.En. S.P.A., Cynosure (A Wholly Owned Subsidiary of Hologic, Inc.), Cutera, Inc., Anika Therapeutics, Inc., Alma Lasers, Ltd. (A Division of Sisram Medical Ltd.), Allergan and others.
On the contrary, high treatment cost, lack of reimbursements, complications and clinical risks related to medical aesthetic procedures, hindrances and societal stigmas associated with such procedures and increasing adoption and availability of other cosmetic and beauty products are factors that may restrict medical aesthetics market growth.
Medical Aesthetics Market Segmentation
MRFR report offers a broad segmental analysis of the medical aesthetics market on the basis of products and end users.
Global Medical Aesthetics Market, by Product
- Facial Aesthetic Products
- Botulinum Toxin
- Dermal Fillers
- Natural Dermal Fillers
- Synthetic Dermal Fillers
- Chemical Peels
- Microdermabrasion Devices
- Body Contouring Devices
- Nonsurgical Fat Reduction Devices
- Cellulite Reduction Devices
- Liposuction Devices
- Cosmetic Implants
- Breast Implants
- Silicone Breast Implants
- Saline Breast Implants
- Facial Implants
- Other Cosmetic Implants
- Physician-Dispensed Cosmeceuticals and Skin Lighteners
- Skin Aesthetic Devices
- Laser Skin Resurfacing Devices
- Nonsurgical Skin Tightening Devices
- Micro-Needling Products
- Light Therapy Devices
- Physician-Dispensed Eyelash Products
- Hair Removal Devices
- Laser Hair Removal Devices
- IPL Hair Removal Devices
- Tattoo Removal Devices
- Thread Lift Products
- Nail Treatment Laser Device
Based on end user, the medical aesthetics market is segmented into home care settings, beauty centers, clinics, hospitals & medical spas. Of these, clinics, hospitals & medical spas are expected to lead the market and grow at the fastest pace. Factors leading to the growth include high accessibility of infrastructural and financial resources with hospitals such as skilled professionals and trained staff performing aesthetic procedures and growing number of medical spas and clinics.
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Medical Aesthetics Market Regional Analysis
In the medical aesthetics market, North America is anticipated to account for the largest market share due to the early adoption of advanced medical technologies. According to the American Society for Aesthetic Plastic Surgery, the number of medical aesthetic procedures performed in the US has increased significantly. In 2016, people in the US invested over USD 15 billion on combined non-surgical and surgical procedures, with non-surgical accounting for 44% of all the procedures.
The European market is expected to hold the second largest market share. Factors such as a rise in research expenses, advancement of technology, the decline in human health, and the necessity for innovative and effective therapies boost the growth of the market in this region. According to a survey performed in Germany, by the International Society of Aesthetic Plastic Surgery, there were a total of 110.190 head and face surgical procedures and 89.925 breast augmentation surgeries in 2017.
Whereas the market share in the Asia-Pacific region is also anticipated to experience growth in the near future due to access to optimal treatment facilities and growing demand for increasing government initiatives, advanced technology, better adoption rate, and rising healthcare expenditure. Countries in the Asia-Pacific region, such as China and India, are hotspots for investment opportunities due to treatment and research activities, growing number of partnerships and healthcare modernization, growing rate of diagnosis, and quality improvisations.
The market in the Middle East and Africa is expected to account for the smallest share of the global medical aesthetics market due to an underdeveloped healthcare sector, the dearth of technical knowledge, and poor medical facilities.
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There are abundant factors that is propelling the growth of the medical aesthetics market. The report includes laser technology advancements, numerous health benefits related to medical aesthetic procedures, preference for non-surgical procedures over surgical, growing awareness amid consumers, growing aging population, availability of user-friendly and technologically advanced products, increasing need for aesthetic treatments amid men and favorable government policies especially for startup companies.
TABLE OF CONTENTS:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
Chapter 6. Global Medical Aesthetics Market, By Product
6.2 Facial Aesthetic Products
6.2.1 Botulinum Toxin
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
6.2.2 Dermal Fillers
188.8.131.52 Natural Dermal Fillers
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