According to a new market research report “Global Medical Aesthetics Market Size, Share, Development, Growth and Demand Forecast to 2023 - Industry Insight by Product (Injectables, Topicals, Energy-Based Aesthetics, Breast Implants, Others), by End User (Beauty Clinics & Centers, Spas & Salons, Hospitals, Others.
According to a new market research report “Global Medical Aesthetics Market Size, Share, Development, Growth and Demand Forecast to 2023 - Industry Insight by Product (Injectables, Topicals, Energy-Based Aesthetics, Breast Implants, Others), by End User (Beauty Clinics & Centers, Spas & Salons, Hospitals, Others)” published by P&S Market Research, the global medical aesthetics market is projected to reach $19,419.7 million by 2023, growing at a CAGR of 12.2% during 2017 - 2023.
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As per the findings of research, injectables held the largest share in the global market in 2016, primarily due to high sales of botulinum toxin. Topicals, the second largest medical aesthetics product segment, witnessed the highest growth during 2013 – 2016.
The highest growth of topicals is attributed to their ability to treat several skin conditions without any usage of uncomfortable procedures.
According to the study, the global medical aesthetics market is likely to grow from $8.6 billion in 2016 to $19.4 billion by 2023. Advancement in laser technology, growing awareness among consumers, and health benefits of medical aesthetics procedures have been driving the global medical aesthetics market.
The market is further expected to gain revenue due to shift in the preference from surgical to non-surgical procedures. There has been a significant growth in non-surgical medical spa procedures in the recent years, resulting from better technologies, such as intense pulsed light and advanced laser based aesthetics equipment.
Some of the other key players in the market include Allergan Plc, Valeant Pharmaceuticals International, Inc., ZELTIQ Aesthetics, Inc., Johnson & Johnson, Cutera Inc., Alma Lasers Ltd., Merz GmbH & Co. KGaA, Galderma S.A., Syneron Medical Ltd., Cynosure, Inc., Photomedex, Inc.
and Lumenis Ltd.
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