Global Medical Aesthetics Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023
The global medical Aesthetics market is valued to be $7.96 million in 2016. It is further estimated to outstretch to $16.32 million by the year 2023. The global medical aesthetics market is expected to grow with CAGR of 10.8% during 2016-2023. The major factors that are augmenting the growth of the market are; increasing adoption of minimally invasive and non-invasive process, growing demand of aesthetic treatment among male, rising aging population, growing awareness of cosmetics procedures, availability of users friendly aesthetic devices etc. However, low focus on medical aesthetics for the dermatological conditions, stringent regulation on aesthetics procedure, low survival rate due to high intensity of competition among the market players and increasing adoption of branded beauty and cosmetics product are factors that are hindering the growth of the market. Except these challenges, global medical aesthetics market is yet to explore its full potential across the globe. Development of low cost medical aesthetic devices and growing adoption of home use aesthetics devices are the major factors that are developing numerous expansion opportunities for the growth of the market.
Global medical Aesthetics market is analyzed on the basis of its end-users, product and geography. On the basis of the end-users the market is segmented into hospitals, dermatology clinics and cosmetics center. Cosmetics center are estimated to be the leading end-user of the medical aesthetics market. On the basis of the product the global medical aesthetics market is further bifurcated into facial aesthetics, energy based devices, laser resurfacing devices, laser resurfacing devices, laser hair removal, tattoo removal devices, physician dispensed eyelash product, physicians dispensed cosmeceuticals and skin lighteners, thread lift product and breast implants. Facial aesthetics devices are further divided into dermal fillers, botulinum toxin, microdermabrasion, and chemical peels. Energy based products are also further divided into non-surgical fat reduction devices, non-surgical skin tightening devices, liposuction, and cellulite reduction devices. Breast implants are also segmented into saline based implants, silicon based implants and cohesive semisolid gel breast implants. Facial aesthetics are estimated to account for major share in the global medical aesthetics market owing to high demand increasing demand for facial aesthetics and increasing trend of noninvasive surgeries. Energy based devices are estimated to be the fastest growing segment in the market. And on the basis of the geography the global market is segmented into Europe, North America, Asia Pacific and Rest of the World. North America is estimated to be the leading region in the global medical aesthetics market. Asia Pacific region is estimated to be the fastest growing region in the global medical aesthetics market.
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Key market players of the global medical aesthetics market are Alma Lasers Ltd etc. , Straumann, Allergan, Mentor, Merz Aestehtics, Nobel Biocare, Cynosure, Zeltiq Aesthetics Inc Galderma, Syneron, Solta Medical Inc., Johnson & Johnson, Photomedex, Lumenis Ltd.