Medical Health & Life Science Research News

New report: Medical Aesthetics market expected to reach $17.07 billion by 2023

3D Printing Medical Devices

Medical Aesthetics Market categories the global market by Product (Botox, Dermal Filler, Liposuction, Cellulite Reduction, Fat Reduction, Skin Tightening, Breast Implant, Tattoo Removal, Thread Lift), End User (Clinic, Medical Spa, Hospital, Beauty Center) & Geography"

The global medical aesthetics market is projected to reach USD 17.07 billion by 2023 from USD 9.42 billion in 2017, at a CAGR of 10.6% during the forecast period. 

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As of 2017, Allergan, plc (Ireland), Alma Lasers, Ltd. (Israel), Anika Therapeutics (US), Cutera, Inc.

(US), Cynosure (US), El.En. S.p.A. (Italy), Fotona d.o.o.

(Slovenia), Nestlé S.A. (Switzerland), Johnson & Johnson (US), Merz Pharma GmbH & Co. KGaA (Germany), Medytox, Inc. (South Korea), Sientra, Inc.

(US), Sinclair Pharma PLC (UK), Syneron Medical, Ltd. (US), and Valeant Pharmaceuticals International, Inc.

(US) were the key players in the global medical aesthetics market.

These companies adopted product launches, enhancements, and product approvals; acquisitions; partnerships and collaborations; and expansions as their key growth strategies in the past four years.

Stakeholders

  • Manufacturers, Suppliers, and Providers of Medical Aesthetic Products
  • Academic and Private Research Institutes
  • Medical Aesthetics Service Providers
  • Hospitals and Clinics
  • Beauty Centers and Spas
  • Research Organizations
  • Market Research and Consulting Firms

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The growing adoption of minimally invasive and noninvasive aesthetic procedures, rising adoption among geriatric individuals, increasing public awareness about cosmetic procedures, the availability of technologically advanced & user-friendly products, and the increasing demand for aesthetic treatments among men are the key factors driving the growth of this market.

On the other hand, market growth is limited to a certain extent by factors such as the clinical risks and complications associated with medical aesthetic procedures and the increasing availability and adoption of alternative beauty and cosmetic products.

Geographically, this market is divided into North America, Europe, Asia Pacific, and the RoW. North America is expected to account for the largest share of the global medical aesthetics market in 2018, and this trend is expected to continue during the forecast period.

However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period.

Rising consumer knowledge and interest in procedures, strong local economies, aggressive marketing by leading US and European companies in Asia, rising medical tourism, and increasing awareness about aesthetics are some of the key factors driving the growth of the medical aesthetics market in the Asia Pacific.

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