Medical Aesthetics Market
Medical aesthetics use minimal invasive treatments for enhancing a person’s physical appearance. The emphasis on external appearances has created the market for medical aesthetics. It uses lasers and other devices in conjunction with healthcare and beauty services for removing scars, moles, cellulite, and treatment of other skin conditions. The global medical aesthetics market report provides ample information in a digestible format by outlining drivers, restraints, trends, and opportunities for the period between 2019 and 2025 (forecast period).
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Medical Aesthetics Market Scope
The global medical aesthetics market is poised to touch a value of USD 23,544.18 million by 2025. It can exhibit a CAGR of 12.97% from 2019 to 2025. Large number of aesthetic procedures conducted globally is evident of the large potential of the market. Aesthetic procedures such as liposuction and hair transplantation and their heavy demand among customers can bode well for the market.
Increasing cases of skin diseases, heavy capital spent on aesthetic procedures, and a variety of techniques for hair removal, acne treatment, and others can be lucrative for the market. According to the International Society for Aesthetic Plastic Surgery, nearly 18,447 liposuction procedures have been performed in Taiwan accounting for 1.3% of the global numbers. Availability of technologically advanced and user-friendly products for the population at large can be the required tailwind for pushing the market growth.
However, adverse effects with these procedures can limit the market growth.
Medical Aesthetics Market Segmentation
The global Medical Aesthetics Market is segmented by propulsion type, range, and end-user.
On the basis of product, the global medical aesthetics market is segmented into hair removal devices, facial aesthetics, aesthetic skin devices, body contouring devices, cosmetic implants, tattoo removal devices, and others. Facial aesthetic products are likely to hold a maximum market share of 30.3% during the forecast period.
By end-user, the market has been classified as hospitals & clinics, dermatology & cosmetic centers, and others.
Medical Aesthetics Market Regional Analysis
The Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA) are regions the center of discussion in the global Medical Aesthetics Market.
The Americas can dominate the global market due to a large self-aware population, demand for advanced beauty treatments, anti-aging cosmetic procedures, and a developed healthcare sector. Massive demand for minimally invasive treatments as well as the large volume of aesthetic surgeries conducted can bode well for the regional medial aesthetics market growth. According to the American Society of Plastic Surgeons in 2016, close to 17.5 million cosmetic procedures were conducted. Large disposable income levels of consumers and demand for treatments can spur market demand.
Europe accounted for the second position in the global medical aesthetics market due to a well-developed healthcare sector and support from government.
APAC can exhibit a CAGR of 13.31% during the forecast period due to catering to large patient pool. Adoption of the latest technology and vast growth opportunities are factors expected to drive the demand for medical aesthetic devices. Government funded schemes which can be availed by customers can work favorably for the market.
Medical Aesthetics Market Competitive Outlook
Cutera, Merz Pharma GmbH & Co. KGaA, Alma Lasers, Anika Therapeutics Inc., Galderma SA, Bausch Health/Valeant Pharmaceuticals, Hologic Inc., Lumenis, Syneron Medical Ltd, and Allergan are prominent players of the global medical aesthetics market.
MJH LifeSciences has decided to launch Aesthetic Authority, a platform dedicated to delivering content on the dermatology sector. The platform can serve as a trustworthy source of content for aesthetic practitioners.
Cynosure, a US medical aesthetics company, has received approval from the U.S. FDA for its latest microneedling device. The device uses radiofrequency for haemostasis and electrocoagulation of soft tissues.
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