What's driving the Aesthetic Medicine Market Growth? Key Players: Allergan, Alma Lasers North America, Johnson & Johnson, Cynosure, Inc.

The Aesthetic Medicine Market is set to exceed USD 18.5 billion by 2024; according to a new research report by Global Market Insights. Increasing awareness among people regarding aesthetic improvements will drive the global aesthetic market during the forecast period. According to the International Society of Aesthetic Plastic Surgery, around 2.5 million facial rejuvenation procedures were recorded globally in 2016. Growing urge among people to look fit and youthful, high healthcare expenditure and availability of advanced healthcare facilities in developed economies will boost the demand for aesthetic procedures. Rising prevalence of obesity across the world will further drive the demand for fat reduction procedures thereby augmenting the aesthetic medicine market growth.

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Technological advancements in surgical and non-surgical aesthetic procedures to offer convenient, effective and less invasive treatments will serve to be another major driver that will surge the aesthetic medicine industry growth. Development of advanced devices such as miraDry system for hyperhidrosis, ideal implants for breast augmentation as well as nova threads for facelift procedures will increase the adoption of aesthetic procedures. Moreover, increasing investment in R&D to innovate novel technologies and products will accelerate the aesthetic medicine industry growth. However, excessive costs associated with medical aesthetic procedures and devices coupled with lack of reimbursement may impede the market growth over the analysis period. Stringent regulations regarding design, manufacture and import of medical aesthetic devices will further restrain the aesthetic medicine market growth.

Non-surgical procedures segment accounted for the highest revenue share in 2017 and is estimated to show 10.8% CAGR during the forecast period. As per the American Society for Aesthetic Plastic Surgery, in 2016, the number of surgical and non-surgical cosmetic procedures performed in the U.S. accounted for 2.0 million and 11.7 million respectively. Increasing adoption of minimally invasive or non-invasive procedures over surgical procedures coupled with technological developments will drive segmental growth in the coming years.

Facial aesthetics segment dominated the aesthetic medicine market with revenue USD 4.1 billion in 2017 and will continue to grow over the analysis period. Demand for facial aesthetic procedures such as facelift, nose surgery, eyelid surgery and various skin rejuvenation treatments is increasing among people across the globe. Moreover, availability of advanced products such as botulinum injections, dermal fillers, nova threads and other facial fat grafting devices will boost the adoption of such devices and foster the segmental growth in the foreseeable future.

Hospitals end user segment is estimated to witness 9.7% CAGR during the forecast timeframe. The segment growth is highly attributable to growing inclination of people towards aesthetic procedures, developments in healthcare infrastructure and rising disposable income in developed as well as developing economies. Furthermore, affordability of hospitals to buy high-cost instruments and availability of skilled healthcare professionals will further propel the segment growth in coming years.

U.S. aesthetic medicine market accounted for USD 3.5 billion in 2017 and is estimated to show lucrative growth over the forecast period. Increasing demand for aesthetic enhancement, high healthcare expenditure as well as availability of advanced healthcare infrastructure will spur industry growth. Key industry players in the aesthetic medicine market have strong foothold in the U.S. High demand for technologically advanced devices and less invasive procedures will further elevate the regional growth during the forthcoming years.

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Chapter 1. Methodology

1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary

2.1. Aesthetic medicine industry 360º synopsis, 2013 - 2024

2.1.1. Business trends
2.1.2. Type trends
2.1.3. Product trends
2.1.4. Gender trends
2.1.5. End-use trends
2.1.6. Regional trends

Chapter 3. Aesthetic Medicine Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry impact forces

3.3.1. Growth drivers
3.3.1.1. Increasing awareness regarding aesthetic procedures in developing countries
3.3.1.2. Technological advancements associated with medical aesthetic devices
3.3.1.3. Rising prevalence of obesity worldwide
3.3.1.4. Increasing adoption of less or non-invasive procedures

3.3.2. Industry pitfalls & challenges

3.3.2.1. High costs associated with aesthetic procedures
3.3.2.2. Lack of reimbursement and stringent regulatory scenario

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Data Tables

TABLE 1. Aesthetic medicine industry 360° synopsis, 2013 – 2024
TABLE 2. Global aesthetic medicine market, 2013 – 2024 (USD Million)
TABLE 3. Global aesthetic medicine market, by type, 2013 – 2024 (USD Million)
TABLE 4. Global aesthetic medicine market, by product, 2013 – 2024 (USD Million)
TABLE 5. Global aesthetic medicine market, by gender, 2013 – 2024 (USD Million)
TABLE 6. Global aesthetic medicine market, by end-use, 2013 – 2024 (USD Million)
TABLE 7. Global aesthetic medicine market, by region, 2013 – 2024 (USD Million)
TABLE 8. Surgical procedures market by region, 2013 – 2024 (USD Million)
TABLE 9. Non-surgical procedures market by region, 2013 – 2024 (USD Million)
TABLE 10. Facial aestehtics market by region, 2013 – 2024 (USD Million)

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