Market snapshot 2019 on Aesthetic Medicine Market| Key Players: Allergan, Alma Lasers North America, Johnson & Johnson, Cynosure, Inc.
India aesthetic medicine market will witness 14.0% CAGR over the analysis timeframe. The growth is attributable to factors such as rising prevalence of obesity coupled with growing geriatric patient pool. As per the study conducted by the International Journal of Community Medicine and Public Health, more than a 100 million people in India, are obese. This will augment the demand for surgical as well as non-surgical fat reduction procedures in the region thereby augmenting the industry growth. Moreover, growing investments in healthcare infrastructure, rising disposable income leading to increased affordability as well as growing patient awareness pertaining to aesthetic procedures will drive the regional growth in the coming years.
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Alma Lasers North America
• Johnson & Johnson
• Cynosure, Inc.
• Merz Pharma
• Syneron Candela
• Valeant Pharmaceuticals
• ZELTIQ Aesthetics, Inc.
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.
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.
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.
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Aesthetic Medicine Market, by Type, 2013-2024 (USD Million)
Aesthetic Medicine Market, by Product, 2013-2024 (USD Million)
Body contouring devices
Hair removal devices
Tattoo removal devices
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