The report “Medical Aesthetics Market by Products (Liposuction, Cellulite Reduction, Fat Reduction, Skin Tightening, Breast Implants, Botox, Dermal Fillers), Procedures (Cosmetic & Reconstructive), & End-Users (Beauty center and Home) - Global Forecast to 2020”, this report studies the global medical aesthetics market over the forecast period of 2015 to 2020. The market is expected to reach $12,581.9 Million by 2020, at a CAGR of 10.8% from 2015 to 2020.
Browse 135 market data tables and 47 figures spread through 216 pages and in-depth TOC on “Medical Aesthetics Market"
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The global medical aesthetics market is estimated to grow at a CAGR of 10.8% from 2015 to 2020. In this market, the demand for advanced energy-based devices for aesthetic procedures is increasing. This is because these devices are easy to use, and cosmetic and reconstructive procedures using these devices are less time-consuming. Manufacturers are investing heavily in R&D to develop advanced devices that are easy to operate, cost lower, and have enhanced functionalities compared to traditional devices. Such as, In April 2015, DEKA Medical (U.S.) received an additional FDA clearance for its ‘Synchro REPLA: Y’ laser system. This product offers high-speed, stable long-term, or permanent hair reduction, and treatment of pseudo folliculitis barbae (PFB). It also offers safe treatment for benign pigmented lesions, wrinkles, and photocoagulation of dermatological vascular lesions.
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Currently, home-use aesthetic products (Include devices marketed for hair removal, hair growth, acne, rejuvenation, wound healing, and scar treatment) are increasingly being adopted by customers in their day-to-day life because they provide substantial savings in terms of cost and time (as compared to visits to beauty clinics). With the development of home-use aesthetic devices, physician-driven treatments are now available to patients at their home. In addition, increasing awareness and improving safety of home-use aesthetic devices is further increasing their adoption across the globe.
Apart from this, the importance of social medical in the medical aesthetic industry is witnessed high. Through social media platforms such as Facebook, Twitter, Google Plus, and LinkedIn, most cosmetic surgery practices can easily reach out to a larger number of potential patients. Social media acts as a robust marketing platform for aesthetic product manufacturers and suppliers across all demographics. For aesthetics stakeholders, social media provides high visibility to a large number of people, personalized connectivity with potential consumers, and also helps in product promotion and building credibility with consumers.
Factors such as the increasing inclination towards minimally invasive and non-invasive aesthetic procedures, technological advancements in energy based devices and rapid growth in number of cosmetic procedures are driving the growth of the global medical aesthetics market. However, stringent safety regulations for aesthetic procedures and a social stigma associated with these treatments are restricting the growth of the global medical aesthetics market.
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As of 2015, North America holds the largest share of the global medical aesthetics market, followed by Europe. However, the Asia-Pacific region is expected to grow at the highest CAGR from 2015 to 2020. This is primarily due to growing middle class disposable income, aggressive marketing by leading U.S., and an increase in awareness about aesthetics in the region.
Allergan, Inc. (U.S.) – A division of Actavis plc (Ireland), Cynosure, Inc. (U.S.), Lumenis Ltd. (Israel), Mentor Worldwide LLC (U.S.) – A business unit of Johnson & Johnson, PhotoMedex, Inc. (U.S.), Solta Medical, Inc. (U.S.) - A division of Valeant Pharmaceuticals International, Inc. (Canada), Syneron Medical, Ltd. (Israel), Galderma S.A. (Switzerland) - a wholly owned subsidiary of Nestlé S.A. and ZELTIQ Aesthetics, Inc. (U.S.) are the main players in the global medical aesthetics market.
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