Market Overview:
The global aesthetics market Trends, during the forecast period, will register growth at a CAGR of 10.08%.
Growth Boosters and Deterrents:
Medical aesthetics is a fast-emerging trend among baby boomers worldwide. It is now almost a crucial aspect of regular health treatment for people desiring a healthier and more natural appearance. Laser-based solutions are gaining immense traction, as these are non-invasive and cause absolutely no pain post-surgery, giving a natural look. Research activities based on development of new technologies and the rising use of a combination of light technologies, ultrasound, endermology, and cryolipolysis or reducing fat and cellulite, would favor the global industry in the ensuing years.
Significant awareness levels among people about the latest products available and the soaring popularity of minimally invasive procedures have raised the demand for cost-effective cosmetic surgeries and aesthetic medicines. The escalating spending power of consumers and surgical interventions gaining high prevalence among the working population will also facilitate growth of the medical aesthetics industry in the future.
Market Segmentation
Medical Aesthetics Market, with respect to product, caters to skin aesthetic devices, body contouring devices, hair removal devices, facial aesthetic, tattoo removal devices, cosmetic implants, and others.
Various technologies covered in the report are non-invasive, invasive, along with minimally invasive.
Major end-users of medical aesthetics are hospitals & clinics, dermatology & cosmetic centers, and others.
Regional Overview:
The key regions considered in the MRFR study of the medical aesthetics marketing include Europe, the Middle East & Africa or MEA, Asia Pacific or APAC, and the Americas.
The Americas can be split into North America as well as Latin America, while North America can be considered for Canada and the US. The American market is in the lead and is expected to retain its leadership all through the appraisal timeline. The presence of a modern healthcare infrastructure coupled with the surging cases of skin disorders favor the regional market.
The European market for medical aesthetics has been segmented into Western Europe as well as Eastern Europe. Western Europe has developed nations such as Germany, France, the UK, Spain, and Italy, all of which have a robust healthcare infrastructure. With a supportive government, surge in research and development activities and companies’ rising focus on business expansion, Europe is touted to capture a higher share in the global market over the next couple of years.
With India, Japan, Australia, South Korea, and China standing at the vanguard, the Asia Pacific market is presumed to witness the fastest growth between 2020 and 2027. The massive pool of skilled and certified cosmetic surgeons, emergence of modern technologies and availability of cheaper priced treatments also benefit the APAC market.
Top Firms
The well-known manufacturers in the global market are L.P (US), Galderma Laboratories, Allergan plc (Ireland), Lumenis (Israel), Merz Pharmaceuticals GmbH (Germany), Bausch Health (US), to mention a few.
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