The medical aesthetic market implants segment is classified into breast implants (silicone breast implants, saline breast implants, and cohesive semi-solid gel implants), and other implants (aesthetic dental implants, and soft tissue implants). The facial aesthetics segment is also categorized botulinum toxin (BOTOX), chemical peels, microdermabrasion, and dermal fillers (absorbable dermal fillers, and non-absorbable dermal fillers).
The global medical aesthetics market is estimated to grow at a CAGR of 10.8% from 2016 to 2021, projected to reach USD 13.29 billion. Factors such as the increasing demand of 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 significant number of product recalls are restricting the growth of the global medical aesthetics 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.
- Medical aesthetics product manufacturers, suppliers, and providers
- Academic institutions and private research institutions
- Hospitals and clinics
- Beauty centres and spas
- Research organizations
- Market research companies and consultants
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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On the basis of regions, this market is classified into four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World. In 2014, the global medical aesthetics market was dominated by North America.
Factors such as the growing aging population, increasing number of aesthetics procedures, and technological advancements are driving the growth of the market in the North American region. The Asia-Pacific market is expected to grow at the highest CAGR from 2015 to 2020 due to the 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.
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.), Galderma S.A. (Switzerland), Solta Medical, Inc. (U.S.) - A division of Valeant Pharmaceuticals International, Inc.
(Canada), Syneron Medical, Ltd. (Israel), and ZELTIQ Aesthetics, Inc.
(U.S.) are the main players in the global medical aesthetics market.
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The product segments in the medical aesthetics market are dominated by various players, depending on their core competencies. In 2015, Syneron Medical Ltd., Cynosure Inc., and Solta Medical, Inc.
were the top three companies in the global energy-based devices market. Moreover, Allergan, Inc., Galderma S.A., and Merz Aesthetics, Inc.
were the leading players in the global facial aesthetics market, in 2015. The breast implants market was dominated by Allergan, Inc.
and Mentor Corporation in 2015.
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