Medical Aesthetics Market Overview
Medical aesthetics is a procedure used to increase the appearance of individuals. It can also be defined as a reconstructive procedure for patients who require reconstructive surgery owing to illnesses or accidents. Removal of blemishes, breast augmentation, tightening of the skin, reduction of fat are few conditions which involves the treatment by medical aesthetics. While a considerable number of surgical aesthetic procedures is carried out worldwide, there is an incredible demand for non-surgical aesthetic procedures as well, which are mostly done with the purpose of improving one’s appearance, psychological well-being, and social status. People in the age group of 30 to 60 years are turning to medical aesthetics to change their appearance and mask their aging process.
The side effects related to such treatments can hinder the growth of the medical aesthetics market. For example, there were instances where simple treatments had severe consequences on the patients. While this can be attributed to ill-equipped and uncertified practitioners performing such treatments, such cases can delay the growth of the market.
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Market Research Future (MRFR) provide the insightful report furnished by the “Global Medical Aesthetics Market Is Exhibited To Display A Stunning Double Digit CAGR Of 11% During The Forecast Period (2018–2023).”
Top Key Players
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.
The global medical aesthetics market has been segmented on the basis of products and end users.
On the basis of product, the market has been classified as facial aesthetic products, body contouring devices, cosmetic implants, physician-dispensed cosmeceuticals and skin lighteners, aesthetic skin devices, physician-dispensed eyelash products, hair removal devices, tattoo removal devices, thread lift products, and nail treatment laser devices. Facial aesthetic products are segmented into botulinum toxin, dermal fillers, chemical peels, and microdermabrasion devices. Dermal fillers are sub-segmented into natural dermal fillers and synthetic dermal fillers. Body contouring devices are segmented into nonsurgical fat reduction devices, cellulite reduction devices, and liposuction devices. Cosmetic implants are segmented into breast implants, facial implants, and other cosmetic implants. The breast implants segment is further segmented into silicone breast implants and saline breast implants. Skin aesthetic devices are segmented into laser skin resurfacing devices, nonsurgical skin tightening devices, micro-needling products, and light therapy devices. Hair removal devices are segmented into laser hair removal devices and IPL hair removal devices.
On the basis of end user, the market has been classified as clinics, hospitals, medical S.P.A.s, beauty centers, and home care settings.
Considering the geographical distribution of the global medical aesthetics market, Europe, Asia Pacific, North America and the Middle East and Africa are the regions where the market is expected to develop during the evaluation period.
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Growth in the Demand for Holistic Treatment Options
World over, patients are focusing on looking their best, as a result of which aesthetic clinics are making continuous changes in terms of the kinds of services they offer. These aesthetic clinics now offer a wide range of solutions that address every concern of the patient. For instance, body contouring treatments are not the only medical aesthetic services provided but also consultations with a dietitian as well as a fitness expert are offered in order to lure in more customers.
Increase in Number of Non-Invasive Treatments
People across the globe are progressively opting for non-invasive treatments instead of surgical options. The main factors bringing about this change include cost effectiveness, lower treatment risks, and quicker results. Moreover, the growing acceptance as well as popularity of a vast range of corrective non-invasive treatments has resulted in the increasing penetration of this trend in the medical aesthetics market.
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