Medical Aesthetics Market Outlook
Medical aesthetics is an area of medicine, dealing with aesthetics, well-being, peripheral appearance, noticeable skin changes, and image of the patient. Medical aesthetics include high-technology skin care procedures that denote the fusion of beauty and healthcare services. Procedures for these include the use of ground-breaking technologies to increase the aesthetics of the person. The demand for anti-aging products and procedures is growing significantly, owing to the growing focus of patients aged 50 years and above to look young and improve their appearance.
Global Medical Aesthetics Market is expected to register a CAGR of 11.0% during the forecast period (2018–2023).
Medical Aesthetics Market is an area of medicine, dealing with aesthetics, well-being, peripheral appearance, noticeable skin changes, and image of the patient. Medical aesthetics include high-technology skin care procedures that denote the fusion of beauty and healthcare services.
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Some of the key players in the global medical aesthetics market are Allergan, Alma Lasers, Ltd. (A Division of Sisram Medical Ltd.), Anika Therapeutics, Inc., Cutera, Inc., Cynosure (A Wholly Owned Subsidiary of Hologic, Inc.), El.En. S.P.A., Fotona D.O.O., Galderma (A Subsidiary of Nestlé), Johnson & Johnson, Merz Aesthetics, Inc. (A Division of Merz Pharma GmbH & Co. KGaA), Medytox, Inc., Sientra, Inc., Sinclair Pharma PLC, Solta Medical (A Division of Valeant Pharmaceuticals International, Inc.), and Syneron Medical, Ltd. (A Part of Apax Partners).
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
- Breast 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 Devices
Global Medical Aesthetics Market, by End Users
- Medical Spas
- Beauty Centers
- Home Care Settings
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The Americas is projected to lead the medical aesthetics market during the forecast period. Increasing healthcare awareness, advancement in technology, and medical tourism are some other factors that boost the growth of the market. The US medical aesthetics market dominated the industry in 2017, due to the high demand for quality healthcare, vastly developed healthcare infrastructure, as well as the growing occurrence of skin diseases in the region.
The European market is expected to hold the second largest market share. The market is expected to witness growth owing to the rising patient population, changing lifestyle, and growing elderly population. This is expected to provide favorable backgrounds for the market to grow.
Asia-Pacific is projected to be the fastest growing region for the global medical aesthetics in 2018. Awareness programs and quality assurance of diagnostic procedures have added importance in the developing economies of Korea, Taiwan, China, Sri Lanka, and India since the last few years.
The Middle East and Africa accounts for the least share due to stringent government policies and low per capita income.
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However, the lack of skilled specialists, clinical risks and complications associated with medical aesthetic procedures, and the growing availability and adoption of alternative beauty and cosmetic products are limiting the growth of this market.
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