Medical Aesthetics Market Overview and Scope with Leading Players Analysis 2017-2024: Merz Pharma, Allergan, Alma Lasers North America, Venus Concept, Cutera, Inc., Sciton, Smith & Nephew,Cynosure, Inc., Lumenis, BTL Industries, Suneva Medicalmarket sales by showing all the figures in the historic and base year while also showing what the approximate figures are going to be in the forecast years of 2017-2024.
The report also provides with a deep explanation on what the market definition, classifications, applications, and engagements are. By making it clear on how the key players and brands are moving in terms of their sales, import, export and revenue and what their actions are in terms of their recent product launches, their researches, their joint ventures, merges, and accusations.
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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.
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, By Product Type (Aesthetic Laser Devices, Energy Devices, Skin Tightening & Body Contouring Devices, Aesthetic Implants, Facial Aesthetic Devices), Applications (Anti-Aging & Wrinkles, Facial & Skin Rejuvenation, Vascular Lesions, Body Shaping & Cellulite, Breast Enhancement, Sears, Pigment Lesions, Reconstructive Surgery, Tattoo Removal, Psoriasis & Vitiligo), End Users, Distribution Channel, Geography– Industry Trends and Forecast to 2024
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Drivers: Global Medical Aesthetics Market
Some of the major factors driving the market for medical aesthetics market is growing aging population worldwide and key players taking strategic decisions to gain market share. These factors increase the demand for medical aesthetics products. Increasing consciousness among the individuals with respect to their physical appearance, increasing cosmetic surgeries and technological advancements are the other factors driving the growth of the medical aesthetics market.
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.
Some of the major players operating in this market are:
• BTL INDUSTRIES, LTD.,
• Merz Pharma,
• Suneva Medical, Inc.,
• Venus Concept,
• Cynosure Inc,
• Revance Therapeutics Inc,
• EternoGen Aesthetics,
• GC Aesthetics,
• Alma Lasers,
• Sciton Inc,
• Smith & Nephew PLC,
• Solta Medical (a division of Valeant Aesthetics),
• Luteron, and Syneron Medical Ltd.,
• among others.
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