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.
The Global Medical Aesthetics Market Is Expected to Register A CAGR of 11.0% During The Forecast Period (2018–2023).
Factors such as rising acceptance of minimally invasive and noninvasive aesthetic procedures, increasing awareness about cosmetic procedures, and favorable government policies for startup companies are boosting the growth of the market.
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Company Profiles
- Allergan
- Alma Lasers, Ltd. (A Division of Sisram Medical Ltd.)
- Anika Therapeutics, Inc.
- Cutera, Inc.
- Cynosure (A Wholly Owned Subsidiary of Hologic, Inc.)
- 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.)
- Syneron Medical, Ltd. (A Part of Apax Partners)
Segmental Analysis
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. The dermal fillers sub-segment is further segmented into natural dermal fillers and synthetic dermal fillers. The body contouring devices segment is segmented into nonsurgical fat reduction devices, cellulite reduction devices, and liposuction devices. The cosmetic implants segment is 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. The hair removal devices segment is segmented into laser hair removal devices and IPL hair removal devices.
On the basis of end users, the market has been classified as clinics, hospitals, medical spas, beauty centers, and home care settings.
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Industry Updates
Jan 2019 Allergan plc has recently launched its new direct-to-consumer campaign, “Own Your Look.” The campaign has been designed to focus upon the most general misconceptions around BOTOX® Cosmetic (onabotulinumtoxinA) and will encourage people to own their look and affirm their aesthetic choices.
Regional Analysis:
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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