Competitive Analysis on Aesthetic Medicine Market with Top Players: Allergan, Alma Lasers North America, Johnson & Johnson, Cynosure, Inc., Galderma, Lumenis, Merz Pharma, PhotoMedex

Rising demand for aesthetic procedures among the rapidly growing geriatric population base will serve to be another positive impact rendering factor in the market growth. According to the American Society of Plastic Surgeons report, in 2016, around 85,000 facelift procedures were performed in the U.S. population aged 55 years and above. Moreover, increasing prevalence of obesity in developed as well as developing countries will spur the demand for body contouring procedures thereby accelerating the market growth. However, strict regulations for designing and manufacturing aesthetic devices may hamper the aesthetic medicine market growth in the foreseeable future. Furthermore, high cost of aesthetic procedures coupled with poor reimbursement scenario will hinder the aesthetic medicine industry growth.

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Facial aesthetics segment dominated the global aesthetic medicine market with USD 4.1 billion in 2017. Increasing signs of facial ageing among women aged 40 years and above will foster the need for surgical as well as non-surgical facial aesthetic procedures. Demand for eyelid surgery, nose surgery and other facial procedures is increasing in recent years. According to the Westlake Dermatology & Cosmetic Surgery, in 2016, over 31,000 rhinoplasty procedures and nearly 90,000 blepharoplasty procedures were performed in women between 15-55 years of age. Increasing adoption of such procedures will boost the industry growth during the forthcoming years.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Lumenis
• Merz Pharma
• PhotoMedex
• Syneron Candela
• Valeant Pharmaceuticals
• ZELTIQ Aesthetics, Inc.
• Allergan
• Alma Lasers North America
• Johnson & Johnson
• Cynosure, Inc.
• Galderma

North America aesthetic medicine market dominated the global industry with USD 3.9 billion in 2017 and is estimated to witness lucrative growth during the analysis period. Growing awareness regarding importance of aesthetic appearance, availability of technologically advanced procedures and growing inclination of people towards less invasive procedures are the key factors that will boost the regional growth. Furthermore, sedentary lifestyle, smoking and alcohol consumption as well as other environmental factors leading to obesity will accelerate the demand for body contouring procedures. Presence of major industry players in the region as well as huge investment in R&D leading to technological advancement will further accelerate the regional growth.
Breast aesthetics segment accounted for 12.7% revenue share in 2017 and is expected to show lucrative CAGR during the analysis period. The growth is attributable to factors such as increasing prevalence of breast cancer and growing demand for surgical procedure. As per the Westlake Dermatology & Cosmetic Surgery, number of breast augmentation procedures performed in the age group between 20-29 years accounted for 82,000 in 2016. Growing concerns among youth regarding appearance of the breast, especially after pregnancy or considerable weight fluctuations will further augment the demand for such procedures and spur the aesthetic medicine market size.

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Hospitals segment accounted for USD 3.1 billion in 2017 and is estimated to show robust growth during the analysis timeframe. Affordability of hospitals to purchase high-cost instruments, availability of trained healthcare professionals in hospitals for operating large devices as well as well-developed healthcare infrastructure will lead to increased number of hospital procedures. Furthermore, increasing patient affordability due to growing disposable income will upsurge the segmental growth throughout the forecast period.

Aesthetic Medicine Market, by Type, 2013-2024 (USD Million)
• Surgical procedures
• Non-surgical procedures

Aesthetic Medicine Market, by Product, 2013-2024 (USD Million)
• Facial aesthetics
o Injectables
o Skin rejuvenation
o Others
• Breast aesthetics
• Body contouring devices
• Hair removal devices
• Tattoo removal devices

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