Medical Aesthetic Market Business Overview to 2024 are dominated by key players : Allergan, Inc., Alma Lasers, Galderma S.A. (Nestle), Lumenis, Inc., Sciton, Inc., Solta Medical, Inc. (Valeant), Sanuwave Health Inc and Syneron Candela.
Medical Aesthetic Market was valued at USD 10.12 billion in 2016 and projected to reach USD 26.53 billion by 2024 growing at a CAGR of 12.8% during the forecast period 2017 to 2024.
Medical Aesthetic Market Overview:
The medical aesthetic market is deemed to have steady pace throughout the forecast period. Aesthetic is a medical device used in the cosmetic surgeries which includes unwanted hair removal, skin tightening, moles removal, anti aging, excess fat removal and scars treatment. Surgical and non-surgical procedures are the two methods included in the medical aesthetic for the treatments.
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Medical Aesthetic Market Growth Drivers and Restraints:
Medical aesthetic improves the psychological wellbeing of a person along with quality of life. Dermatological and surgical conditions are the traditional way of approaches for any cosmetic surgeries. It is very important to a person getting treatment to check the complete process and to reduce the adverse effects after the surgery.
The growing prevalence for the beauty conscious and to have well shaped body among the people is particularly accelerating the growth of the medical aesthetic market. The change in lifestyle and increased utilization of internet of things is likely to boost up the demand for this market.
However, the cosmetic surgeries have adverse effects in case of negligence, which quietly restrains the growth of the market. Lack of investments on these medical devices by the government is also a factor hampering the growth of the market.
The increasing awareness of the cosmetic treatments and lowering cost for the surgeries is surging the growth opportunities for the market. The rapidly increasing geriatric population and their interests towards the treatment for wrinkles are propelling the demand of the medical aesthetic market.
Geographic Insights of Medical Aesthetic Market:
North America is holding the highest shares of the market. By owing to adoption of quick advanced technology and implementing latest technique in the procedures is majorly fueling the growth of the market in this region. Asia Pacific is anticipated to lead the highest shares of the market with the rapid increasing population and noticed high incidences of obesity problems among the people. Europe is witnessed to dominate the largest shares of the market with the increased awareness to look beauty and also launch of advanced cosmetic surgeries equipments. Middle East and Africa are taking step forward to raise the growth of the market in the near future.
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Key Market Players of Medical Aesthetic Market:
The significant players in the medical aesthetic market are Allergan, Inc., Alma Lasers, Galderma S.A. (Nestle), Johnson & Johnson, Lumenis, Inc., Sciton, Inc., Solta Medical, Inc. (Valeant), Sanuwave Health Inc and Syneron Candela.
Medical Aesthetic Market Key Segmentation:
• Dermatology clinics
• Cosmetic centers
• Medical spas and beauty centers
By Distribution Channel:
• Direct tender
• Anti-aging and wrinkles
• Facial and skin rejuvenation
• Vascular lesions
• Body shaping and cellulite
• Breast enhancement
• Sears, pigment lesions, reconstructive
• Tattoo removal
• Psoriasis and vitiligo
• North America
• Asia Pacific
• Latin America
• Middle-East & Africa
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