Market Research Future (MRFR) provide the insightful report furnished by the global medical aesthetics market is exhibited to display a stunning Double Digit CAGR of 11% during the forecast period (2018–2023).
Medical aesthetic devices are commonly used for the treatment of impairments related to a person’s aesthetic appearance, like excessive fat, skin discoloration, skin laxity, scars, cellulite, wrinkles, moles, spider veins, liver spots and unwanted hair. Other than this, aesthetic medicines available in the market include surgical as well as non-surgical procedures, and in some cases, a combination of both is prescribed to improve the patient’s physical appearance. Replacement of missing/dysfunctional body parts resulting from trauma, accidents, and various other congenital disorders is also a possibility with the use of aesthetic implants.
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Top 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., El.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.
The global medical aesthetics market has been segmented on the basis of products and end users.
- 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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Market Drivers and Top Barriers
The surge in the demand for minimally invasive reconstruction surgeries, alarming growth in road accidents as well as trauma cases, mounting prevalence of congenital face and tooth deformities, technological innovations are some of the compelling reasons behind the strong market growth. Besides, increasing awareness programs like breast reconstructive awareness campaign that was launched in the United States (U.S.), rising incidence of breast cancer, and the boost in the number of cosmetology surgeons are additional crucial factors backing the growth of the medical aesthetic market.
At the same time, the high cost of treatment associated with medical implants could potentially cripple the ongoing market growth. Having said that, the increasing medical tourism, growing preference for an improved quality of life, and the massive popularity of celebrities among the youth are slated to substantiate the market growth in the subsequent years.
Growth in the Demand for Holistic Treatment Options
World over, patients are focusing on looking their best, as a result of which aesthetic clinics are making continuous changes in terms of the kinds of services they offer. These aesthetic clinics now offer a wide range of solutions that address every concern of the patient. For instance, body contouring treatments are not the only medical aesthetic services provided but also consultations with a dietitian as well as a fitness expert are offered in order to lure in more customers.
Increase in Number of Non-Invasive Treatments
People across the globe are progressively opting for non-invasive treatments instead of surgical options. The main factors bringing about this change include cost effectiveness, lower treatment risks, and quicker results. Moreover, the growing acceptance as well as popularity of a vast range of corrective non-invasive treatments has resulted in the increasing penetration of this trend in the medical aesthetics market.
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Considering the geographical distribution of the global medical aesthetics market, Europe, Asia Pacific, North America and the Middle East and Africa are the regions where the market is expected to develop during the evaluation period.
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