The Global “Medical Aesthetics Market” Is Predicted to Have A Promising Growth at A Favorable 11.0% CAGR Over the Estimated Years (2018-2023).
Medical Aesthetics Market Analysis
Medical aesthetics is a method that utilizes minimal invasive treatments that aid to improve the physical appearance of a person with the use of beauty services and healthcare along with laser or any other energy-based device. It comprises of a wide array of treatments and solutions which fulfil the aesthetic requirements of a person for skin tightening, botulinum toxin, body contours & firming, skin rejuvenation and oxygenation, scar treatment, stretch marks, fat reduction, wrinkle and fine lines reduction
These factors as per the MRFR (Market Research Future) report include laser technology advancements, numerous health benefits related to medical aesthetic procedures, preference for non-surgical procedures over surgical, growing awareness amid consumers, growing aging population, availability of user-friendly and technologically advanced products, increasing need for aesthetic treatments amid men and favorable government policies especially for startup companies.
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On the contrary, high treatment cost, lack of reimbursements, complications and clinical risks related to medical aesthetic procedures, hindrances and societal stigmas associated with such procedures and increasing adoption and availability of other cosmetic and beauty products are factors that may restrict medical aesthetics market growth.
Medical Aesthetics Market 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.
- 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.
In 2019– Leading global aesthetic healthcare player, Novena Global Lifecare has joined hands with Elite Dental Group and Calvin Chan Aesthetic and Laser Clinic. This partnership will help in the creation of novel concepts for cost-effective aesthetics and turbocharging the global footprint of the group in the dental and medical space.
Medical Aesthetics Market Segmentation
MRFR report offers a broad segmental analysis of the Medical Aesthetics Market on the basis of products and end users.
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
Based on end user, the medical aesthetics market is segmented into home care settings, beauty centers, clinics, hospitals & medical spas. Of these, clinics, hospitals & medical spas are expected to lead the market and grow at the fastest pace. Factors leading to the growth include high accessibility of infrastructural and financial resources with hospitals such as skilled professionals and trained staff performing aesthetic procedures and growing number of medical spas and clinics.
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Medical Aesthetics Market Regional Analysis
By region, the medical aesthetics market covers growth opportunities and latest trends across Americas, Europe, Asia Pacific and Middle East and Africa.
The Americas will have a mammoth share in the market over the estimated years owing to medical tourism, advancement in technology and increasing health awareness. The US is the key contributor here owing to the growing prevalence of skin diseases, highly developed healthcare infrastructure, increasing use of advanced technologies and soaring demand for quality healthcare.
The medical aesthetics market in Europe will have the second major share owing to growing elderly population, changing lifestyle and rising patient population.
In the APAC region, the medical aesthetics market is expected to grow at the fastest pace over the predicted years owing to favorable healthcare schemes created by government agencies, growing healthcare expenditure, healthcare reforms for development of infrastructure, rising demand for high-end and advanced technologies and growing elderly population. Quality assurance of diagnostic techniques and awareness programs have added significance in developing economies of India, Sri Lanka, China, Taiwan and Korea.
On the other hand, the medical aesthetics market in the Middle East and Africa will have a minimal share in the market owing to low per-capita income and stringent government policies.
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