Press release
Medical Aesthetic Devices Market is Exepcted to Grow at a CAGR of 10.7% During the Forecast Period 2023-2030
Medical Aesthetic Devices Market
The medical aesthetic devices market has grown rapidly in recent years due to an increasing demand for non-surgical cosmetic procedures and a growing acceptance of aesthetic treatments among consumers. Factors driving this growth include rising disposable incomes, an aging population seeking to maintain a youthful appearance, and a growing awareness of the benefits of cosmetic treatments.
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Top Medical Aesthetic Devices Companies:
Johnson & Johnson
LUMENIS LTD
MERZ PHARMA GMBH & CO. KGAA
Hologic, Inc.
Zimmer Biomet Holdings, Inc.
Allergan plc
Sientra Inc
Dentsply Sirona Inc.
SYNERON MEDICAL LTD
VALEANT PHARMACEUTICAL INTERNATIONAL, INC
Medical Aesthetic Devices Market Segmentations
By Product Type:
Laser-based Devices
Energy-based Devices
Aesthetic Implants
Injectables
Others
By Technology:
Laser
Intense Pulsed Light (IPL)
Radiofrequency (RF)
Ultrasound
Cryolipolysis
Others
By Application:
Hair Removal
Skin Resurfacing
Skin Tightening
Body Contouring
Others
By End-User:
Hospitals
Clinics
Medical Spas
Home-Use
By Region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, India, South Korea, Australia, Rest of Asia-Pacific)
LAMEA (Brazil, Colombia, Saudi Arabia, Rest of LAMEA)
North America dominated in 2020, garnering nearly two-fifths of the global medical aesthetic devices market, owing to increased adoption of medial aesthetics, enhanced technological advancements, and development of novel products by the key players in the province. The market across Asia-Pacific, simultaneously, is expected to cite the fastest CAGR of 11.7% throughout the forecast period. Improvement in R&D facilities, increase in medical tourism, and rise in awareness about medical aesthetics drive the market growth in the region.
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The medical aesthetic devices market offers several key benefits for stakeholders, including:
Revenue growth: The market provides a significant revenue growth opportunity for companies operating in the medical aesthetic devices industry. As the demand for non-surgical cosmetic procedures continues to rise, companies can capitalize on this trend by developing new and innovative products to meet customer needs.
Improved patient outcomes: Medical aesthetic devices can improve patient outcomes by providing non-invasive or minimally invasive procedures that reduce the risks associated with traditional surgical procedures. This allows patients to achieve their desired aesthetic results with fewer complications and a shorter recovery time.
Increased access to cosmetic treatments: Medical aesthetic devices have made cosmetic treatments more accessible to a wider range of patients. Non-invasive procedures and less-invasive treatments mean that more people can benefit from cosmetic treatments without the need for general anesthesia or extensive recovery times.
Improved patient satisfaction: Medical aesthetic devices can provide patients with more predictable and consistent results than traditional cosmetic procedures. This can lead to higher levels of patient satisfaction and better outcomes.
Competitive advantage: Companies that develop and market innovative medical aesthetic devices can gain a competitive advantage over their rivals. This can help them to differentiate their products in a crowded market and increase their market share.
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