Medical Aesthetics Market Outlook to 2025 With Top Key Players Allergan, Lumenis, Cynosure, Inc., BTL Industries, Merz Pharma, Suneva Medical, Venus Concept, Alma Lasers North America, Cutera, Inc. & More Forecast Analysis
According to American Society of Plastic Surgeons, there were 68,106 aesthetic breast reduction surgeries in the United States in 2015, and for the first time, men accounted for more than 40% of those procedures.
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The market is further segmented into:
• Usage Pattern
• Mode Administration
• End User
• 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.
• Based on 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.
• Based on 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.
• Based on distribution channel, the market is segmented into direct tenders and retail.
Increase In Number Of Cosmetic Surgeries
In recent years, the number of cosmetics surgeries across the globe has increased considerably over a period of time. The rapidly increasing aging population and the subsequent rise in the number of surgeries are major factors driving the demand for aesthetic devices and cost of healthcare.
Technological Advancements And Innovations In Medical Aesthetics Market
The medical aesthetics technology market is expected to show significant growth in the coming years due to various technological advancements and new product launches in order to improve the convenience and ease of administration of parenteral therapeutics.
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The global medical aesthetics market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Allergan dominated the medical aesthetics market, accounting for the highest market share in 2016, followed by Lumenis, Cynosure Inc. Other players in this market include BTL Industries, Ltd., Merz Pharma, Suneva Medical, Inc., Venus Concept, Alma Lasers, Cutera, Sciton Inc, Smith & Nephew PLC, Solta Medical (a division of Valeant Aesthetics), and Syneron Medical Ltd., among others held 55.3% of the global medical aesthetics market in 2016.
1. In April 2017, Allergan acquired ZELTIQ Aesthetics, Inc (U.S.), benefitting Allergan to become the sales leader in body contouring segment.
2. In January 2017, Allergan introduced its first injectable product, Juvederm Volite to improve the facial skin quality which lasts for nine months with one application/treatment.
In April 2017, Lumenis announced the launch of PiQo4, powerful technology for the treatment of pigmentation and tattoo removal.
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The global medical aesthetics market report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
Based on geography the market is segmented into 5 geographical regions such as North America, Europe, Asia-Pacific, South America and Middle East and Africa. The report of this market covers data points for 24 major countries which are U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, and South Africa. The report includes company share data for different geographies including Global, North America, Europe and APAC.
Key questions answered in this report
1. What will be the market size in 2024 and what will the growth rate?
2. What are the key market trends?
3. What is driving this market?
4. What are the challenges to market growth?
5. Who are the key vendors in this market space?
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