Medical Aesthetic Devices Market worth US$15.1 Billion by 2024; Low-cost Products and Services could Hamper Growth across Emerging Economies

Looking at the excellent growth prospects offered by the market for aesthetic medical devices market, an increased number of companies in the skincare devices market have also ventured in this field in the past few years. Transparency Market Research projects that the global medical aesthetic devices market will exhibit a 9.9% CAGR over the period between 2016 and 2024. If the number holds true, the market will rise to US$15.1 bn in 2024 from US$6.5 bn in 2015.

Based on the variety of medical aesthetic devices available globally, the market is segmented into aesthetic laser and energy devices, skin tightening and body contouring devices, aesthetic implants, and facial aesthetic devices. Of these, the segment of aesthetic laser and energy devices presently leads, accounting for a share of 30.6% 2015, chiefly owing to the exhaustive usage of these devices as compared to other devices by dermatologists. These devices often use a combination of energy types in order to provide the most effective therapy.

Get Exclusive Sample Research Insights – http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1039

Laser and energy devices are most commonly used for skin and hair treatments such as removal of pigmented lesions, tattoo removal, and skin rejuvenation. As patients increasingly demand noninvasive treatment options, aesthetic device providers are seeing these products as an essential addition to their suite of offerings. Further enabling their adoption, a number of manufacturers offer leasing and vendor financing that help limit the upfront capital costs associated with the adoption of these equipment. The segment of lasers and energy devices is also expected to witness expansion at a healthy pace in the next few years, emerging as one with highly promising growth over the period between 2016 and 2024.

North America to Remain Center of Development in Near Future

North America, driven by the flourishing medical aesthetics market in the U.S., was the leading regional market for medical aesthetic devices globally, accounting for 43% share in 2015. The region is expected to contribute significantly during the forecast period from 2016 to 2024 as well. The presence of a large base of key device manufacturers in North America coupled with the high purchasing power of both the buyers as well as consumers is expected to help the region sustain its leadership in the global market during the forecast period. North America is also at the forefront of aesthetic innovation, with the majority of both established and emerging aesthetic companies either headquartered in or having a significant aesthetic corporate presence in the region.

Place an Order for this Report – http://www.transparencymarketresearch.com/checkout.php?rep_id=1039

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact:
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

This release was published on openPR.