Medical Aesthetics Market Overview
As per the research reports by MRFR, the global market for medical aesthetics is likely to record a healthy CAGR of over 8.30% during the review timeframe from 2021-2027. The Medical Aesthetics Market was valued at USD 9.4 billion in 2019 and is projected to acquire a size of over USD 38,850.89 Mn by the end of 2027.
Today’s medical aesthetics available in the global market are both technologically advanced and user-friendly. The global market for medical aesthetics has witnessed massive growth over recent years. Rapid technological innovation is driving the market’s growth in the field. Furthermore, the growing number of service providers such as surgeons and doctors are helping by choosing non-invasive or minimally invasive aesthetic procedures over the conventional methods is likely to accelerate the market’s growth over coming years. However, the growth of the medical aesthetics market is likely to be restricted by the many possible side effects of using medical aesthetic procedures and a variety of risks and complications.
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The global market for medical aesthetics is split into several segments based on product, technology, end-users, and region.
Based on product type, the global market for medical aesthetics is split into skin aesthetics, hair removal devices, cosmetic implants, fat reduction and cellular reduction devices, body contouring devices, and facial aesthetic products.
The global medical aesthetics market is divided into Minimally Invasive, Non-Invasive, Invasive, and others based on technology.
End-users bifurcate the medical aesthetics market into home care centers, cosmetic and beauty centers, medical spas, clinics, care centers, and hospitals.
The global medical aesthetics market is studied across five major regions: North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.
As per the research reports by MRFR, the global medical aesthetics market was dominated by the North American region in 2019. The regional market will likely maintain the top position over the review timeframe to end in 2028. Plenty of major market leaders is the primary aspect causing an upsurge in the regional market’s growth.
The Asia-Pacific regional market for medical aesthetics is likely to register the highest growth rate over the review timeframe from 2021 to 2028. The regional market’s growth is being driven by the marketing steps commenced by recognized market players, growing support by governments to strengthen the local economies, and rising consumer knowledge. Additionally, the growth in investment in tourism is likely to accelerate the regional market’s growth over the coming years.
The global market for medical aesthetics has an intensely competitive landscape. The players in the market worldwide are adopting new strategies and making heavy investments in R&D to strengthen their global market footprint. The list of leading players in the global market for medical aesthetics includes companies such as En. S.p.A. (Italy), Johnson & Johnson (US), Fotona d.o.o. (Slovenia), Merz Pharma GmbH & Co. KGaA (Germany), Galderma (Switzerland), Allergan-AbbVie (US), Cutera, Inc. (the US), Anika Therapeutics (US), Cynosure (US), Alma Lasers, Ltd. (Israel), Medytox, Inc. (South Korea), and several others.
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- January 2022- A company that sells beauty and anti-aging products to doctors’ offices, Suneva Medical Inc., is rumored to go public via a merger with blank-check company Viveon Health Acquisition Corp. The deal is likely to value San Diego-based Suneva over USD511 million, including debt.
- January 2022 – a medical aesthetics company concentrated on improving lives by progressing the art of plastic surgery, Sientra, Inc., has announced the signing of a definitive agreement on December 31, 2021, for the acquisition of substantially all of the assets associated with the AuraGen 1-2-3™, AuraGen Aesthetic, LLC’s latest fat grafting technology with AuraClens™. The AuraGen system built by prominent researchers and plastic surgeons at Massachusetts General Hospital is FDA 510k-approved for processing a patient’s fat.
Table of Content
1 EXECUTIVE SUMMARY
1.1 MARKET SYNOPSIS 19
2 MARKET INTRODUCTION
2.1 DEFINITION 21
2.2 SCOPE OF THE STUDY 21
2.3 RESEARCH OBJECTIVE 21
2.4 MARKET STRUCTURE 22
2.5 ASSUMPTIONS & LIMITATIONS 22
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
4.1 OVERVIEW 31
4.2 DRIVERS 32
4.2.1 HIGH DEMAND FOR LIPOSUCTION, HAIR TRANSPLANTATION, AND THE RISING OBESE AND GERIATRIC POPULATION 32
4.2.2 GROWING EXPENDITURE ON COSMETIC SURGERIES 32
4.2.3 PREVALENCE OF SKIN DISEASES 33
4.2.4 TECHNOLOGICAL ADVANCEMENTS IN THE AESTHETIC INDUSTRY 33
4.2.5 INCREASING ACCEPTANCE OF FACIAL AESTHETICS 33
4.3 RESTRAINTS 34
4.3.1 HIGH PROCEDURAL COSTS 34
4.3.2 LACK OF TRAINING FOR AESTHETIC PROCEDURES 35
4.3.3 SIDE-EFFECTS ASSOCIATED WITH AESTHETICS PROCEDURES 35
4.4 OPPORTUNITIES 36
4.4.1 RISING DEMAND FOR MINIMALLY INVASIVE PROCEDURES 36
5 MARKET FACTOR ANALYSIS
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