Medical Aesthetics Market By Product (Facial Aesthetic, Body Contouring Devices, Cosmetic Implants, Hair Removal Devices, Skin Aesthetic Devices, Tattoo Removal Devices), Technology (Invasive, Non-Invasive, Minimally Invasive), End User (Hospitals & Clinics, Dermatology & Cosmetic Centers) - Forecast till 2027
Market Overview
The global medical aesthetics market, during the forecast period 2020 to 2027, will register growth at a CAGR of 8.30%. The market for medical aesthetics is set to reach US$38,850.89 million by 2027. As per medical aesthetics market analysts, the global market is anticipated to witness growth owing to the factors such as the growing obese and geriatric population as well as increased demand for aesthetic procedures. However, the medical aesthetics market will face challenges and restraints due to health concerns and high cost of treatment during the forecast period 2020 to 2027.
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The growing demand for liposuction and hair transplantation procedures in the medical aesthetics market is set to play a key role in determining the growth potential during 2020 to 2027 years. Analysts have also studied the medical aesthetics market to understand potential threats and challenges the medical aesthetics market companies could face. Although the medical aesthetics market is poised to grow at a fast pace across end user, technology, and product segments, factors such as expensive treatment procedures could slow down the Medical Aesthetics Market growth worldwide.
Competitive Landscape
Medical aesthetics has seen increased demand over the years, due to the rising need to appear younger and visible positive effects of these treatments . Companies functioning in the global medical aesthetics market are also being challenged due to the lack of awareness and shortage of skilled professionals. Mergers and acquisitions by medical aesthetics market companies are anticipated to help the market during the forecast period 2020 to 2027. As the medical aesthetics market is set to register a high CAGR of 8.30% and is also anticipated to reach a US$38,850.89 million by 2027, the report highlights key areas companies need to focus on. The report suggests that the medical aesthetics market will see a healthy growth in the long run till 2027. Based on SWOT analysis and medical aesthetics market’s analysis based on Porters’ Five Force Model presented in the medical aesthetics market report. Mergers and acquisitions by medical aesthetics market companies are anticipated to help the market during the forecast period 2020 to 2027.
Industry News
Allergan Aesthetics, a subsidiary of AbbVie, has announced that it has signed a warrant arrangement with Cypris Medical, a privately owned medical technology corporation headquartered in Chicago. Allergan Aesthetics will have the option to purchase Cypris Medical, including the company's Xact product, after the conclusion of a clinical trial set to begin in 2021. The proposed clinical trial would assess Xact's safety and efficacy in the treatment of midface decline and neck lifts.
Market Segmentation
The medical aesthetics market has been segmented into end user, technology, and product. Based on the segment which is the end user, the market is categorized on the basis of dermatology & cosmetic centers, hospitals & clinics, others. The global market for medical aesthetics is further segmented based on technology into invasive, minimally invasive, and non-invasive. Furthermore, the market, on the basis of product, is segmented into body contouring devices, cosmetic implants, facial aesthetic, hair removal devices, skin aesthetic devices, tattoo removal devices, others.
The global medical aesthetics market research report covers all the aspects of the medical aesthetics market based on the segmental analysis of these end users, technology, and product segments. Analysts have also studied the global medical aesthetics market's regional markets spread across many continents and countries. The end user, technology, and product segments along with their sub-segments have been analyzed and companies functioning in the medical aesthetics market across these segments are profiled and analyzed based on input and feedback from medical aesthetics market based decision makers as well as primary and secondary sources. The medical aesthetics market research report presents analysis based information for companies functioning in the medical aesthetics market.
Regional Overview
The growing concerns regarding side effects may hinder the medical aesthetics market growth. The market research report suggests that companies in the medical aesthetics market could be supported by the growing demand for beauty treatments as well as anti-aging-related cosmetic procedures during the forecast period. The medical aesthetics market is set to register growth at a high CAGR owing to these key factors. The medical aesthetics market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global medical aesthetics market research report reveals that APAC, North America, and Europe regional medical aesthetics markets will dominate the global market for medical aesthetics during the forecast period 2020 to 2027. As per medical aesthetics market analysts, the market is set to witness tremendous growth across invasive and dermatology & cosmetic centers segments across North America which covers medical aesthetics markets across the United States, Canada, Mexico and several other regional markets. Companies active in the medical aesthetics market are also analyzed and studied in the medical aesthetics market research report.
The medical aesthetics market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the medical aesthetics market research report covers the Asia-Pacific region covering medical aesthetics markets from India, China, Japan, Australia, and others. The medical aesthetics market is also spread across the rest of the world. The medical aesthetics market report covers all such regions including the Middle East, Africa, Brazil, and others.
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