Medical Aesthetics Market 2020 : Global Analysis by Top Leaders - Galderma Laboratories, L.P., Allergan, Merz Pharma, Lumenis LTD, Bausch Health, etc

Medical Aesthetics Market Analysis

The medical aesthetics market is projected to touch USD 23,544.18 million at a 12.97% CAGR between 2019-2025, states the new Market Research Future (MRFR) report. Medical aesthetics comprises advanced technologies and products that are used by aesthetic specialists or skilled medical professionals to improve a patient’s physical appearance. Various non-invasive and invasive procedures are designed for significant cosmetic changes and enhancements in a patient’s appearance and are collectively referred as medical aesthetic procedures.

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Numerous factors are adding to the growth of the global medical aesthetics market. These factors, according to the latest Market Research Future report, include growing demand for aesthetic treatments among men, availability of products that are user-friendly and technologically advanced, growing awareness about cosmetic procedures, increasing adoption among the geriatric population, and growing use of non-invasive and minimally invasive aesthetic procedures. Additional factors adding to the growth of the medical aesthetics market include rising acceptance of facial aesthetics, technological advances in the aesthetics industry, increasing incidence of skin diseases, increasing expenditure on cosmetic and aesthetic procedures, and increasing demand for hair transplantation, liposuction, and other aesthetic procedures.

On the contrary, increasing adoption and availability of alternative cosmetic and beauty products and clinical complications & risks are factors that may impede the global medical aesthetics market growth during the forecast period.

Market Segmentation

The Market Research Future report provides a complete segmental analysis of the global medical aesthetics market based on product and end user.

By product, the global medical aesthetics market is segmented into tattoo removal devices, aesthetic skin devices, hair removal devices, cosmetic implants, body contouring devices, facial aesthetics, and others. Of these, facial aesthetics will have the maximum share in the market during the forecast period for the growing demand for facial aesthetic treatments, rising geriatric population, and increasing disposable income as well as spending capabilities.

By end user, the global medical aesthetics market is segmented into dermatology and cosmetic centers, hospitals, and others. Of these, hospitals will command the largest share in the market during the forecast period for the increasing number of hospitals and the wide availability of infrastructural and financial resources with hospitals, including skilled professionals for performing aesthetic procedures, trained staff, and technologically advanced devices.

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Regional Analysis

By region, the global medical aesthetics market report covers the latest trends and growth opportunities across the Americas, Asia Pacific (APAC), Europe, and the Middle East and Africa (MEA). Of these, the Americas will lead the market during the forecast period. Numerous factors are adding to the growth of the market in the region, such as growing demand for anti-aging and beauty treatments, presence of a highly developed healthcare sector, and strategic acquisitions by key players for enhancing product portfolio.

The global medical aesthetics market will hold the second-largest share in the market during the forecast period for its increasing use, rising expenditure on healthcare, and the presence of a huge geriatric population.

The global medical aesthetics market in the APAC region will grow at the fastest pace during the forecast period for the constant developments in China and India, the presence of huge patient population, and increasing investments by key players.

The global medical aesthetics market in the MEA will have steady growth during the forecast period for the increasing awareness about medical aesthetic, increasing demand in the UAE and Saudi Arabia, and developing healthcare infrastructure.

Key Players

Notable players profiled in the global medical aesthetics market report include Alma Lasers, Anika Therapeutics Inc., Bausch Health/ Valeant Pharmaceuticals, Cutera, Hologic Inc., Syneron Medical Ltd, Galderma SA, Merz Pharma GmbH & Co. KGaA, Allergan, and Lumenis. Key players have incorporated different strategies to stay ahead in the competition, such as expansions, acquisitions, collaborations, partnerships, agreements, product approvals, enhancements, product launches, and others.

Industry News

January 2020: AbbVie, a leading name in medical aesthetics that mostly includes cosmetic Botox, will soon operate a separate aesthetics unit called Allergen Aesthetics. It will function with its own R&D functions.

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