Press release
Medical Aesthetic Devices Market Is Expected to Witness Around 16 Billion During the Forecast Period 2018-2025 with Key Players Syneron Medical Ltd., Cynosure Inc., Solta Medical, Inc., Allergan, Inc., Galderma S.A., Merz Aesthetics
Medical aesthetic devices market is estimated to be around16 billion by 2025. This growth can be attributed to number of factors such asincreasing demand for minimally invasive procedures, rise in geriatric population, and increasing demand for aesthetic procedures among male population. Furthermore, rise in number of consumers as well as medical aesthetic treatment providers is expected to drive the global market. However, strict regulations related to aesthetic procedures and social stigmais expected to slow down the market growth.Product Outlook and Trend Analysis
Aesthetic lasers segment dominated the global market in 2016. This can be attributed to the rising preference for these devices by dermatologists and ability to provide efficient treatment by using combination of energy based devices. Skin tightening and body contouring segment is projected to experience significant growth during the forecast period owing to rise in demand for skin tightening and body shaping aesthetic procedures. Dental implant segment will witness lucrative growth over the forecast periodowing to improved denture retention (preserving natural structure of teeth).
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Application Outlook and Trend Analysis
Based on application, body and extremities segment is expected to witness high growth during the forecast period owing to rise in obese population base, rising disposable income of the people and advancements in surgical techniques are expected to drive the market. Head and face segment is projected to grow at favorable CAGR during the forecast period owing to increase in awareness about head and face aesthetic procedurescoupled with extensive advertisement of cosmetic treatments.
End User Outlook and Trend Analysis
Medical spas and beauty centers market will witness lucrative growth over the forecast period. This can be attributed to number of factors such as increasing number of medical spacenters across the globe, availability of skilled professionals to perform cosmetic procedures, and rise in desire for aesthetic looks in developing countries.
Regional Outlook and Trend Analysis
North America dominated the global market in 2016, owing to increase in obese population andincreasing demand for aestheticprocedures among male population. Asia-Pacific is expected to witness fastest growth during the forecast period, due to rising consumer interest in aesthetic procedures and rise in disposable income of people.
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Competitive Insights
Strategic acquisitions and collaborations are the major strategies adopted by the major players in medical aesthetic devices market. For instance, in March 2017, Hologic acquired Cynosure Inc., a leader in medical aesthetic systems and technologies to strengthen their existing portfolio. Similarly, in January 2017, Valeant Pharmaceuticals acquired aesthetic device maker, Solta Medical, to expand its existing line of aesthetic products.
Some of the major players in medical aesthetic devices market are Syneron Medical Ltd., Cynosure Inc., Solta Medical, Inc., Allergan, Inc., Galderma S.A., Merz Aesthetics, and Mentor Corporation.
Market Opportunities
The demand for medical aestheticprocedures and devices is expected to increase during the forecast period owing to increase in tooth deformities, technological advancements, increasing adoption rate of aesthetic devices by large number of healthcare providers, and rise in number of approvals for aesthetic devices. For instance, in May 2016, Cynosure obtained FDA clearance to launch their new product PicoSure energy delivery system for tattoo removal and skin revitalization.
Medical Aesthetic Devices Market Segmentation
By Product:
Devices
Aesthetic Lasers
Ablative Lasers
Non-ablative Lasers
Skin Tightening & Body Contouring Devices
Liposuction Devices
Skin Tightening Devices
Cellulite Reduction Devices
Aesthetic Implants
Dental Implants
Root from Dental Implants
Plate from Dental Implants
Breast Implants
Saline Filled
Silicone Gel Filled
Facial Implants
Other Implants
By Application:
Surgical
Face and Head
Brow Lift
Ear Surgery
Eyelid Surgery
Facelift
Facial Bone Contouring
Facial Fat Grafting
Neck Lift
Hair Transplantation
Rhinoplasty
Breast
Breast Augmentation
Breast Lift
Body and Extremities
Abdominoplasty
Buttock Augmentation
Buttock Lift
Liposuction
Lower Body Lift
Penile Enlargement
Thigh Lift
Upper Arm Lift
Upper Body Lift
Labiaplasty
Vaginal Rejuvenation
Non-Surgical
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By End User:
Hospitals & Clinics
Medical Spas & Beauty Centers
By Region:
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
Turkey
United Arab Emirates
Others
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Some of the key questions answered by the report are:
What was the market size in 2016 and forecast from 2017 to 2025?
What will be the industry market growth from 2017 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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