Medical Aesthetics Market Size By Product, By End User, By Geographical Analysis, By Company Profile And Forecast


Posted March 27, 2020 by jennysmith

Medical Aesthetics Market was valued at USD 10,445.2 Million in 2018 and is projected to reach USD 23,434.3 Million by 2026, growing at a CAGR of 10.88% from 2019 to 2026.

 
Medical Aesthetics Market Size And Forecast
According to Verified Market Research, The Global Medical Aesthetics Market was valued at USD 10,445.2 Million in 2018 and is projected to reach USD 23,434.3 Million by 2026, growing at a CAGR of 10.88% from 2019 to 2026. The Asia Pacific Market is expected to grow at the fastest pace due to rising disposable income, advancing technology, increasing awareness among patients about the appropriate procedures available in the marketplace in the region.

What is medical aesthetics?
The term medical aesthetics is referred to as a branch of medicine that mainly focuses on procedures and techniques to improve and enhance the appearance, texture, and contours of the skin, face, and body. This branch comprises of treatment processes of scars, moles, liver spots, excess fat, wrinkles, skin laxity, unwanted hair, cellulite, spider veins, and skin discoloration. It generally includes reconstructive surgery, oral and maxillofacial surgery, plastic surgery, dermatology, and many others. It is mainly concerned with the use of numerous aesthetic products for medical purposes and to enhance the overall appearance of patients.

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Medical Aesthetics Market Overview
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

There are various factors that are driving the growth of the market, which include factors such as the growing adoption of aesthetic medical among the geriatric population and the rising adoption of minimally invasive and noninvasive aesthetic procedures. Factors that are restraining the growth of the market include the growing threat of counterfeit products. Factors that are acting as an opportunity for the growth of the market include technological advancement in medical aesthetics.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Tahini Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Medical Aesthetics Market Segment Analysis
The Global Medical Aesthetics Market is segmented on the basis of Product and End User.

Medical Aesthetics Market By Product
The Product segment is further broken down into Facial Aesthetic Products, Thread Lift Products, Physician Dispensed Cosmeceuticals and Skin Lighteners, Laser Resurfacing Devices, Physician-Dispensed Eyelash Products, Laser Hair Removal Devices, Tattoo Removal Devices, Breast Implants, Energy-Based Devices, Nail Treatment Laser Devices, Mesotherapy devices. The Facial Aesthetic segment is expected to grow at the fastest rate while Physician-Dispensed Cosmeceuticals and Skin Lighteners has the largest share in the market. The growing female working population, increasing disposable income and their desire to be youthful, attractive and the optimized treatment outcomes remain a key factor for the growth of the facial aesthetic segment.

A thread lift is a convenient and safe alternative to facelift surgery. Increasing preference for minimally invasive treatment for anti-aging, face lifting, and face rejuvenation is driving the growth of the segment. The scope of physician-dispensed cosmeceuticals and skin lighteners segment includes skincare and hair care products.  New development in the realm of skin rejuvenation is at an increasing pace in the cosmeceuticals market. Laser skin resurfacing involves the removal of aged skin tissue through an application of thermal heat from high powered lasers, accelerating the surrounding tissue to recover through the natural wound healing process.

The scope of the Physician Dispensed Eyelash Products segment includes eyelash implants, and eyelash enhancing cosmetics. Laser-based hair removal includes complex photothermal reaction through an epidermis, dermis matrix, aimed to focus hair follicle damage while sparing the epidermis. Increasing consumer awareness regarding ease of treatment for tattoo removal lasers, faster recovery, less pain after an operation are key factors driving the tattoo removal devices segment growth. Breast implants refer to medical devices inserted under the chest muscle or breast tissue to increase the breast size or for the replacement of breast tissue which has been removed. Energy-based devices are approved by the Food and Drug Administration (FDA) for excision, incision, hemostasis, coagulation, vaporization of several soft tissues. Mesotherapy refers to minimally invasive or non-surgical procedures of drug delivery that comprises of multiple subcutaneous or intradermal injections of a compound mixture melange in minute measures by the means of fine needles, and directly near affected sites.

Medical Aesthetics Market By End User
On the basis of Solution, the Global Medical Aesthetics Market has been segmented into Beauty Centers, Clinics, Hospitals, and Medical S.P.A.s and Home Care Settings. The Clinics, Hospitals and Medical S.P.A segment has the largest share while Beauty Centers is expected to grow at the fastest rate.

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Beauty centers are expected to hold a significant share in the global medical aesthetic market due to factors including an increasing number of beauty centers along with rising consumer awareness regarding skin diseases. The clinics, hospitals, and medical spas accounted to witness the largest market share of the medical aesthetics market in 2018 and remain to continue the largest segment in terms of revenue during the forecast period. This share can be attributed to several factors including higher availability of infrastructural and financial resources with clinics and hospitals, including skilled surgeons and more. Home care settings are emerging trends in the healthcare industry over the last few decades due to several factors including higher adoption of technologically devices in-home care settings along with the integration of these devices with information technology (IT).

Global Medical Aesthetics Market Company Profile
Some of the major players involved in the Global Medical Aesthetics Market are Allergan plc, El.En. S.p.A., Cutera Inc., Anika Therapeutics, Inc., Johnson & Johnson, and Fotona d.o.o., These companies are profiled on the basis of their financials, their geographic and business segment breakdown, as well as product benchmarking. The competitive landscape section includes key development strategies and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Issued By vmr
Country United States
Categories Business
Tags medical aesthetics market
Last Updated March 27, 2020