Medical Aesthetics Market Industry SWOT Analysis, Outlook and Top Key Venders Analysis 2018: Cynosure, Inc., Lumenis, Allergan, Merz Pharma, Venus Concept, Suneva Medical, BTL Industries, Alma Lasers North America & more
Global Medical Aesthetics Market is expected to reach USD 26.53 billion by 2024 from USD 10.12 billion in 2016, at a CAGR of 12.8% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Energy Devices market has the largest market segment in medical aesthetics market.
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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.
Incorporated in 2013 and headquartered in New Jersey, U.S., Allergan is focused on developing, manufacturing and commercialising branded pharmaceuticals, devices and biologic products for patients around the globe. The company operates through seven business segments: central nervous system, eye care, medical aesthetics and dermatology, gastroenterology, women’s health, urology and anti-infective therapeutic categories.
In April 2017, Allergan acquired ZELTIQ Aesthetics, Inc (U.S.), benefitting Allergan to become the sales leader in body contouring segment.
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.
Incorporated in 1991 and headquartered in Yokeneam, Israel, Lumenis is the world’s largest energy-based medical device company for developing surgical, aesthetic, and ophthalmic applications. The aesthetic segments offers treatment for ablative skin resurfacing, acne scars treatment, blepharoplasty, laser hair removal, pigmentation, rosacea, scar revision, skin toning, tattoo removal, vascular leg vein, non ablative skin resurfacing, and women’s health. Technology used for production of such devices are- Ablative Lasers CO2, IPL – Intense Pulsed Light, Long Pulsed – Nd:YAG, and Diode Lasers as Non Ablative Laser.
In April 2017, Lumenis announced the launch of PiQo4, powerful technology for the treatment of pigmentation and tattoo removal.
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Cynosure Inc :
Founded in 1991 and headquartered in Westford, Massachusetts, U.S., Cynosure is a leading provider of laser and light-based energy systems used for aesthetic treatment procedures. The company’s aesthetic devices product deals in three business segments which include non-invasive and minimally invasive laser, light-based aesthetic treatment applications, and RF energy based surgical and aesthetic applications solutions.
In March 2016, Cynosure received FDA clearance for its product, PicoSure Energy Delivery system for tattoo removal and treatment of pigmented lesions.
Global Medical Aesthetics Market is expected to reach USD 26.53 billion by 2024 from USD 10.12 billion in 2016, at a CAGR of 12.8% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The key market players for Global Medical Aesthetics Market are listed below:
• Lumenis, Cynosure, Inc.
• Syneron Medical ltd,
• Cutera Inc,
• Venus Concept,
• Aerolase Corp,
• BTL Industries Inc,
• Sciton Inc, Suneva Medical, Inc.
• Mentor Worldwide llc,
Based on geography the market is segmented into five geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and others. In 2017, North America is expected to dominate the medical aesthetic market with 58.4 percent market share followed by Europe and APAC. However, the APAC region is expected to grow at the highest CAGR of 16.2 percent in the forecast period 2017 to 2024.
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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.
Key Players Are Taking Strategic Decisions To Gain Market Share
Companies dealing in the medical aesthetics market have been leveraging mergers and acquisitions, internal R&D and new partnership to expand their business in other regions, especially in promising emerging market.
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.
Reasons to Purchase this Report
• Current and future of global medical aesthetics market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report
• The report includes the complete segmentation displayed above across all above mentioned countries
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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