Global medical aesthetics market is estimated to grow at a CAGR of 10.8% from 2015 to 2020. North America held the largest share of the medical aesthetics market in 2015. However, the Asia-Pacific region is poised to grow at the highest CAGR of 12.6% in the next five years. Factors such as rising consumer awareness and interest in aesthetic procedures, strong local economies, aggressive marketing by leading U.S. and European companies in Asia, decreasing social taboos, and rising medical tourism are propelling its growth. The growth of the global medical aesthetics market is mainly driven by the growing adoption of minimally invasive and noninvasive aesthetic procedures, aging population, increasing awareness among customers, technological advancements in energy-based devices, rising number of aesthetic procedures, and increasing demand for aesthetic treatments among the male population. However, a stringent safety regulation for aesthetic procedures is a major factor restraining the growth of this market.
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Growing adoption of home use aesthetic device sand increasing demand for cosmetic treatments in emerging markets are creating opportunities for growth of the medical aesthetics market.
In this report, the global medical aesthetics market has been classified into many segments and sub segments on the basis of products, namely, aesthetic lasers and energy devices, aesthetic implants, and facial aesthetics. The aesthetic lasers and energy devices segment is categorized into laser resurfacing devices, body contouring devices, laser hair removal, and aesthetic ophthalmology devices. Laser resurfacing devices segment is further divided into ablative skin resurfacing devices, and non-ablative skin resurfacing devices. The market is expected to spur a further reduction in the prices of devices due to the increasing competition among core and non-core practitioners, mergers and acquisition among companies and new FDA approvals of novel devices.
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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. Top Player are 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) in global market.
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