The market for Medical Aesthetic Market was valued at a staggering 9 US$ billions in the year 2017 and was expected to grow at a double-digit CAGR in the forecast period of 2019 to the year 2030. The study conducted at MIR also contains industry analysis, share of the market, growth rate and the ongoing trends related to Medical Aesthetic market.
Major Players in the Medical Aesthetic Market
The prominent players in the global medical aesthetics market are Cutera, Inc., Cynosure (Hologic), Alma Lasers, Ltd. (Fosun Pharmaceutical Co., Ltd.), Galderma, Mentor Worldwide LLC (Johnson & Johnson), Syneron Medical Ltd., Merz Pharma GmbH & Co. KGaA., Solta Medical, Inc., Lumenis Ltd., and El.En. S.P.A. among others.
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Market Definition: Medical Aesthetic Market
Medical Aesthetic is comprehensive an term that specializes on improving the physical appearance by removing various defects such as scars, laxities, wrinkles, moles and excessive fats to include a few. The following feats are achieved by a range of medical procedures such as implants, liposuction, various kinds of fillers along with Hair and tattoo removal surgeries. Aesthetic medicines are procedures which are purely elective although some procedures may be necessary for regaining normalcy in the subject’s life.
The Medical aesthetic segment can be substituted into products, end users, regions, ongoing trends and the forecast. The aesthetic segment will dominate the market share in the product segment due to various reasons such as increasing demand for botox treatments as well as acceptance of aesthetic treatments by patients. The end user segment will be dominated by hospitals owing to various reasons such as presence of advance surgical facilities and rise of acceptance of for facial aesthetics.
Market drivers: Medical Aesthetic Market
Increasing awareness about aesthetics and acceptance of aesthetic procedures
Rise in minimally invasive procedures
Rise in medical tourism for aesthetics and introduction of cost effective products
Market Restraints: Medical Aesthetic Market
High cost and high risks associated with the procedure
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Key Developments: Medical Aesthetic Market
The rise of aesthetic appearance has grown so much in the last couple of years that the demand for pleasing facial and body aesthetics has grown out of opting form and turned into a necessity. Liposuction has had recent advancements ranging from assisted liposuction to ultrasound assisted liposuction to power assisted liposuction. While implants surrounding breast augmentation has ongoing trends such as quicker recovery times and fat transfer breast augmentation.
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Some key points for TOC
1. GLOBAL MEDICAL AESTHETICS MARKET - ANALYSIS & FORECAST, BY PRODUCT
1.1. Introduction & Definition
1.2.1. Face Implants
1.2.2. Breast Implants
1.2.3. Soft Tissue
1.2.4. Other Implants
1.3. Body Contouring Devices
1.3.1. Liposuction Devices
1.3.2. Cellulite Reduction Devices
1.4. Lasers & Energy Devices
1.4.1. Hair Removal
1.4.2. Tattoo Removal
1.4.4. Laser Skin resurfacing
1.5. Aesthetic Products
1.5.1. Botulinum Toxin
1.5.2. Dermal Fillers
2. GLOBAL MEDICAL AESTHETICS MARKET - ANALYSIS & FORECAST, BY END USERS
2.3. Dermatology Clinics
2.4. Cosmetic Centers
2.5. Other End Users
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