The global medical aesthetics market growth is primarily steered by the increased public awareness about cosmetic procedures, rising adoption among the geriatric population, the availability of user-friendly and technologically advanced products, increasing demand for aesthetic procedures amongst men and increasing adoption of non-invasive and minimally invasive aesthetic procedures.
Facial Aesthetics Segment is Predicted to Proliferate Significantly Over the Forecast Period
Based on the type of products, the medical aesthetics market is bifurcated into body contouring devices (nonsurgical fat reduction devices, liposuction devices and cellulite reduction devices); skin aesthetic devices (micro-needling products, laser resurfacing devices, light therapy devices and nonsurgical skin tightening devices,); facial aesthetic products (chemical peels, botulinum toxin, dermal fillers and microdermabrasion); hair removal devices (IPL hair removal devices and laser hair removal devices); cosmetic implants [facial implants, breast implants (saline implants and silicone implants) and other cosmetic implants];physician-dispensed cosmeceuticals and skin lighteners; thread lift products; nail treatment laser devices; tattoo removal devices and physician-dispensed eyelash products.
The facial aesthetic products held the largest global medical aesthetics market share in 2018. The large market share is credited to the willingness to undergo facial aesthetic treatments and growing patient demand, rising ageing population across the world and increasing spending capabilities and disposable incomes.
Based on the end user, the market is categorized into hospitals, medical spas and clinics; home care and beauty centres. The clinics, medical spas and hospitals segment are projected to account the largest market share over the forecast period. Furthermore, this segment is predicted to be the fastest-growing segment over the forecast period with a CAGR of over 10%, due to the high availability of infrastructural and financial provisions with hospitals like skilled professionals, trained staff and technologically advanced devices to perform medical aesthetic operations and a rising number of medical clinics.
Regionally, the market is bifurcated into Europe, Asia Pacific, North America, Latin America and the Middle East and Africa. North America is predicted to proliferate at a substantial CAGR over the forecast period. This augmentation can be credited to the high rate of adoption of novel technologies and the rising procedural volume of procedures for aesthetic operations in the region.
The Asia Pacific region is anticipated to record a high CAGR of over 10% in the next five years. The integral factors affecting the proliferation of the market in the region include willingness for aesthetic surgeries and rising consumer awareness, increase in medical tourism and aggressive marketing by the European and American companies.
Key players included in the global medical aesthetics market industry are Allergan, Alma Lasers Ltd., Anika Therapeutics Inc., Cutera Inc., Cynosure, El.En S.P.A, Fotona D.O.O, Galderma, Johnson & Johnson, Merz Aesthetics Inc., Medytox Inc., Sientra Inc., Sinclair Pharma PLC, Solta Medical, Syneron Medical Ltd.
Allergan with their facial aesthetics section offers facial wrinkle products, wrinkle relaxation products, lip and fold re-volumizing. Furthermore, through their breast aesthetics section, Allergan offers a wide range of breast implants specially designed to restore complement and enhance the unique body need and shapes of each individual.
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Global Medical Aesthetics Market Segmentation:
By Product
· Facial Aesthetic Products
o Botulinum Toxin
o Dermal Filters
§ Natural Dermal Filters
§ Synthetic Dermal Filters
o Chemical Peels
o Microdermabrasion Devices
· Body Contouring Devices
o Non-Surgical Fat Reduction Devices
o Cellulite Reduction Devices
o Liposuction Devices
· Cosmetic Implants
o Breast Implants
§ Silicone Breast Implants
§ Saline Breast Implants
o Facial Implants
o Other
· Physician-Dispensed Cosmeceuticals and Skin Lighteners
· Skin Aesthetic Devices
o Laser Skin Resurfacing Devices
o Non-Surgical Skin Tightening Devices
o Micro-Needling Products
· Physician-Dispensed Eyelash Products
· Hair Removal Devices
o Laser hair Removal Devices
o IPL Hair Removal Devices
· Tattoo Removal Devices
· Thread Lift Products
· Nail Treatment Laser Devices
By End User
· Clinics, Hospitals and Medical S.P.A. s
· Beauty Centres
· Home Care Settings
By Region
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
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FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global medical aesthetics market by product, by end user and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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