Press release
Aesthetic Medicine Market Growth Dynamics| Top Players: Allergan, Alma Lasers North America, Johnson & Johnson, Cynosure, Inc.
Aesthetic Medicine Market
Developments in surgical as well as non-surgical aesthetic procedures will be the key factor that will drive the global aesthetic medicine market during the forecast period. Availability of advanced aesthetic devices that offer effective, time-saving and minimally invasive treatments will increase the adoption of such devices. Huge investments in R&D will lead to innovations in aesthetic medicines thereby augmenting the aesthetic medicine industry growth. For instance, Ideal Implants Inc. developed ideal implant, a structured breast implant that combines benefits of saline implants and silicone implants.
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Surgical procedures segment is estimated to show 10.2% CAGR during the analysis period owing to increasing adoption of facial surgeries such as eyelid surgery, nose surgery, neck lift and facelift across the globe. Increasing prevalence of obesity will upsurge the need for fat reduction surgeries such as liposuction, labiaplasty and surgeries of other body extremities. Moreover, awareness among people regarding aesthetic procedures coupled with increasing affordability and advanced healthcare infrastructure will stimulate the segmental growth in the coming years.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Allergan
• Alma Lasers North America
• Johnson & Johnson
• Cynosure, Inc.
• Galderma
• Lumenis
• Merz Pharma
• PhotoMedex
• Syneron Candela
• Valeant Pharmaceuticals
• ZELTIQ Aesthetics, Inc.
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.
Ambulatory surgical centers segment is expected to witness 11.1% CAGR over the forecast period owing to increasing preference of people towards minimally invasive procedures performed at the ambulatory centers. Benefits offered by these centers such as short stay, cost-effective procedures as well as adoption of less invasive procedures will fuel the segmental growth. Growing inclination of patients towards day surgeries in order to minimize hospital expenses will augment ambulatory surgical centres segment growth over the forecast period.
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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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