The Global Medical Aesthetics Market is expected to reach USD 26.53 billion by 2024 from USD 10.12 billion in 2016, at a CAGR of 12.8% in the forecast period 2017 to 2024.
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“Global Medical Aesthetics Market”, By Product Type (Aesthetic Laser Devices, Energy Devices, Skin Tightening & Body Contouring Devices, Aesthetic Implants, Facial Aesthetic Devices), Applications (Anti-Aging & Wrinkles, Facial & Skin Rejuvenation, Vascular Lesions, Body Shaping & Cellulite, Breast Enhancement, Sears, Pigment Lesions, Reconstructive Surgery, Tattoo Removal, Psoriasis &Vitiligo), End Users, Distribution Channel, Geography
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The major factors driving the growth of this market are the growing aging population worldwide and technological advancements. These factors increase the demand for medical aesthetics products.
On the other hand, stringent regulations imposed by international and local authorities and high cost of treatment may hinder the growth of the market.
Market Segmentation: Global Medical Aesthetics Market
The Global Medical Aesthetics Market is segmented on the basis of product type, application, end user, distribution channel, and geography.
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The global medical aesthetics market is segmented into 5 types, such as aesthetic laser devices, energy devices, skin tightening and body contouring devices, aesthetic implants, and facial aesthetic devices.
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Medical aesthetics device Market is segmented into aesthetic laser devices, energy devices, skin tightening and body contouring devices, aesthetic implants and facial aesthetic devices. Medical aesthetic devices are segmented into carbon dioxide laser surfacing, ablative skin resurfacing devices and non ablative skin fractional laser surfacing devices.
Energy devices are segmented into electrocautery devices, electrosurgery devices, cryosurgery devices, laser surgery devices, microwave devices, and harmonic scalpel. Skin tightening and body contouring devices are segmented into liposuction devices, cellulite reduction devices and skin tightening devices.
Aesthetic implants are segmented into breast augmentation, aesthetic implants, soft tissue implants, buttock augmentation, and transdermal implants.
Facial aesthetic devices are further segmented into botox injections, chemical peels, collagen injections, cosmetic acupuncture, dermal filler injections, electrotherapy, facial toning, fraxel, microdermabasion, and permanent makeup.
On the basis of application, the market is segmented into anti-aging and wrinkles, facial and skin rejuvenation, vascular lesions, body shaping and cellulite, breast enhancement, sears, pigment lesions, reconstructive surgery, tattoo removal, and psoriasis and vitiligo.
On the basis of end users, the market is classified into dermatology clinics, hospitals, cosmetic centers, medical spas and beauty centers. In 2017, the cosmetic centers segment is expected to dominate the market and is expected to continue this trend till 2024.
On the basis of distribution channel, the market is segmented into direct tenders and retail.
Global Medical Aesthetics Market Key Drivers:
Some of the major factors driving the market for medical aesthetics market are growing aging population, key players are taking strategic decisions to gain market share. These factors increase the demand for medical aesthetic devices.
Rising demand for medical aesthetics devices and technological advancements are the major factors driving the growth of the medical aesthetics market.
Regulatory scenario and high cost of treatment are the factors which may hinder the growth of this market.
Many companies are increasingly focusing on laser devices and skin tightening and body contouring in order to strengthen their product portfolios in the medical aesthetics market.
Development of self-injection devices is changing the trend for the administration of injections in the healthcare sector.
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Allergan is going to dominate the medical aesthetics market following with Lumenis, Cynosure, Inc. along with others such as Syneron Medical ltd, CuteraInc, Venus Concept, Aerolase Corp, BTL Industries Inc, ScitonInc, Suneva Medical, Inc.
Mentor Worldwide llc, and Lutronic
Skin tightening and body contouring devices market is growing with the highest CAGR.
Globally energy devices are driving the market with highest market share. However, skin tightening and body contouring devices is growing with highest CAGR.
Ablative skin resurfacing devices is dominating the medical aesthetics laser devices market.
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