Press release
Medical Aesthetic Devices Market Share Growing At a 10.7% CAGR to Hit $38.9 Billion by 2030 | Johnson & Johnson, Allergan plc, Zimmer Biomet Holdings, Inc., LUMENIS LTD, VALEANT PHARMACEUTICAL
Key Takeaways:
The aesthetic implants segment to retain the lion's share
The surgical segment to dominate by 2030
The market across Asia-Pacific, simultaneously, is expected to cite the fastest CAGR of 11.7% throughout the forecast period.
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Rise in demand for minimally invasive & noninvasive reconstruction surgeries drives the growth of the global medical aesthetic devices market. On the other hand, high costs of treatment, low reimbursements, and risk of malfunctions associated with implants impede the growth to some extent. However, development of the medical tourism industry, emergence of tourism medical spas, and adoption of aesthetic procedures to enhance physical appearance are anticipated to pave the way for lucrative opportunities in the industry.
Major Factors Driving the Growth of Medical Aesthetic Devices Market:
Increasing demand for minimally invasive and non-invasive cosmetic procedures: Patients are increasingly demanding minimally invasive and non-invasive cosmetic procedures, as these procedures are associated with less downtime and fewer risks than traditional surgical procedures. Medical aesthetic devices offer a variety of minimally invasive and non-invasive options for cosmetic treatments, such as laser hair removal, skin tightening, and wrinkle reduction.
Growing awareness of the benefits of medical aesthetic devices: Public awareness of the benefits of medical aesthetic devices is growing, thanks to the increasing popularity of cosmetic procedures and the growing availability of information about these devices online and in the media. This increased awareness is driving demand for medical aesthetic devices.
Technological advancements: Technological advancements are leading to the development of new and more effective medical aesthetic devices. For example, new laser technologies are being developed that can provide more precise and effective treatment for a wider range of skin conditions.
Rising disposable incomes: Rising disposable incomes in developing countries are increasing the affordability of medical aesthetic devices, which is driving demand for these devices in these markets.
Market Segmentation:
Product type:
Devices
Aesthetic Implants
Application:
Surgical
Non Surgical
End User:
Hospitals And Clinics
Medical Spas And Beauty Centers
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)
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Recent developments in Medical Aesthetic Devices:
AI-powered medical aesthetic devices: AI-powered medical aesthetic devices are being developed that can automatically detect and analyze skin conditions, and recommend personalized treatment plans. This can improve the accuracy and efficiency of medical aesthetic treatments.
Competitive Landscape:
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
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Key Questions Answered in the Intelligent Study
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
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