The global market for Medical Aesthetic Devices is poised to reach US$9.6 billion by 2020 growing at a CAGR of 12.2%. Significant growth is seen in the aesthetics market after the 2008 economic slowdown because of recovery of some of the developed countries. Talking about market scenario, silicone breast implants contribute to approximately 98% of the market in US alone. Trans-umbilical breast augmentation will fuel the growth of silicone breast implants in the US.
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Rapid technological advances, increasing demand for the use of minimally invasive and non-invasive equipment, increasing awareness among the public, and the increase in obese population are the major driving factors for the growth of the market. Social stigma concerns and lack of proper reimbursement policies are the challenges faced by the market.
France is the leading aesthetic device market in Europe with top surgical procedures like Augmentation Mammaire, Lipoplastie, Blépharoplastie, Rhinoplastie and Lifting Mammaire, accounting approximately 20.04%, 16.97%, 13.29%, 7.62% and 7.08% respectively. Asia-Pacific region has 4,336,866 aesthetic procedures, which is approximately 29.5% of the total aesthetic procedures. Botulinum Toxin Type A (Botox Dysport) accounts for 3,179,652 procedures and is the major non-surgical procedure, followed by Hyaluronic Acid, which accounts for 1,937,576 procedures, globally.
Currently, North America is the largest market globally, followed by the likes of Europe, which is the second largest market. APAC is the fastest growing segment. The global medical aesthetic device market can be segmented based on technology (laser based technology, energy based technology), products (aesthetic lasers & energy devices, aesthetic implants) and geography (North America, Europe, APAC and Rest of the World).
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Some Major Points From Table Of Content :
MEDICAL DEVICES MARKET – BY TYPE :
laser based technology
energy based technology
Aesthetic lasers and energy devices
Laser resurfacing devices
Ablative skin resurfacing devices
Non-ablative skin resurfacing devices
Body contouring devices
Aesthetic ophthalmology devices
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