Zion Market Research has published a new report titled “Medical Aesthetic Devices Market (Aesthetic Laser and Energy Devices, Skin Tightening and Body Contouring Devices, Aesthetic Implants, and Facial Aesthetic Devices) for Facial and Body Contouring, Facial and Skin Rejuvenation, Breast Enhancement, Scar Treatment, Reconstructive Surgery, Tattoo Removal, and Hair Removal): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, the global medical aesthetic devices market was valued at approximately USD 6.50 billion in 2015 and is expected to reach approximately USD 11.20 billion by 2021, growing at a CAGR of around 9.5% between 2015 and 2021.
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Aesthetic equipment are designed to improve skin appearance from head to toe. Laser and energy devices play an important role in aesthetic medical. Laser and energy devices are commonly used for skin and hair treatments such as tattoo removal, removal of pigmented lesions and skin rejuvenation. These devices often use a combination of energy types in order to provide the most effective therapy.
Increasing adoption of minimally invasive surgeries in dermatological applications coupled with rapid growth in population between the age of 30 to 60 years are key factors projected to be major demand drivers in the medical aesthetic devices market. Thus, escalating demand in dermatological applications in Asia Pacific market is offering new growth prospects for the global medical aesthetic devices market. However, the high cost of treatment is expected to be the major restraint for medical aesthetic devices market. Furthermore, technological advancement to provide innovative products may open up new growth avenues in the years come.
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Some of the key products in medical aesthetic devices include aesthetic skin tightening & body contouring devices, laser & energy devices, aesthetic implants, and facial aesthetic devices. Laser & energy devices accounted for the largest share in 2015 and expected to exhibit lucrative growth in coming years. This growth is mainly due to increase usage of these devices as compared to other devices by dermatologists. Laser & energy devices also use a combination of energy types in order to provide the most efficient treatment. Aesthetic skin tightening & body contouring devices was another key outlet of this market and are expected to witness significant growth within the forecast period.
Based on application, the medical aesthetic devices market can be segmented into facial & skin rejuvenation, facial & body contouring, breast enhancement, scar treatment, reconstructive surgery, tattoo removal and hair removal. Among all applications, facial & body contouring segment dominated the medical aesthetic devices market and is also expected to witness substantial growth in the next few years. Scar treatment and tattoo removal are expected to exhibit significant growth in the years to come.
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North America medical aesthetic devices market led the global industry with the share of more than 40% in 2015. This region is expected to continue its dominance in medical aesthetic devices market in the years to come. The presence of a large base of key manufacturers in this region coupled with technological advancement is expected to help the region to sustain its leadership in the global market during the forecast period. Europe was another leading regional market for the medical aesthetic device. This growth is mainly due to continuous technological developments in the aesthetic device. However, the Asia-Pacific region is expected to grow at the fastest CAGR from 2016 to 2021. Increasing disposable income coupled with largest population pool aged between 30 to 65 years is generating demand for aesthetic treatment especially in China and India.
Some of the key players in the medical aesthetic devices market are Lumenis Ltd., Mentor Worldwide LLC, Merz, Inc., Alma Lasers, Allergan plc, Cutera, Inc., Galderma S.A., Cynosure, Inc., Syneron Medical Ltd., Solta Medical, Inc., and ZELTIQ Aesthetics, Inc.
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