Medical Aesthetic Devices Market Studies Research 2024 Detailed Analysis of Restrain and Growth Factors

The global market for medical aesthetic devices is characterized by a highly consolidated competitive landscape, wherein the top two vendors, Mentor Worldwide LLC and Allergan Plc., collectively held a nearly 60% of the market in 2015, observes a recent report by Transparency Market Research. Mentor Worldwide LLC, the market leader with a 32% share in the global market, stayed ahead of the competition with the help of strategic collaborations and a strong emphasis on aesthetic products such as breast implants and body contouring.

In September 2016, the company announced its plans for a new collaboration with Galderma, a medical solutions firm with strong operations in skin health. Under the collaboration, the companies plan to partner with Canadian surgeons to improve patient experience across innovative aesthetic procedures and solutions, broadening consumers' access to and awareness of aesthetic treatment options.

View the report @www.transparencymarketresearch.com/medical-aesthetics.html

Transparency Market Research estimates that the global medical aesthetic devices market will rise from a valuation of US$6.5 bn in 2015 to US$15.1 bn in 2024. This reflects a 9.0% CAGR from 2016 through 2024. In terms of product types, the segment of laser and energy devices presently leads. The segment held a nearly 30% share in the global market in 2015 and is expected to remain one of the most promising product segments over the forecast period as well. From a geographic perspective, the market earns a significant share of its revenues from sales across developed regions such as North America and Europe. North America dominated in 2015, accounting for a 43% of the global market.

Increased Usage of Lasers for Medical Aesthetic Procedures to Stimulate Market Growth
In the past few years, the global consumer has become more open to aesthetic procedures owing to a vast reduction in cultural prohibitions and social taboos. The resultant rise in surgical procedures for enhancing personal appearance is the key driver of the global medical aesthetic devices market.

Other key trends positively influencing the overall development of the market include the increased adoption of laser-based devices, heightened demand for minimally invasive and non-invasive equipment, and the high demand for augmentation and reconstructive surgeries. The global adoption of laser-based devices has increased owing to the widening utility of laser devices.

Cost-effectiveness and versatility of laser devices are also the key factors increasing adoption and usage of laser procedures in the aesthetics market.

Increased adoption of minimally invasive surgeries, owing to the fewer post-surgery complications and side effects, and shorter recovery spans, have driven innovations and technological developments, bringing about a huge change in the quality and effectiveness of surgeries. As a result, the number of minimally invasive procedures in dermatological applications has significantly increased lately. The American Society of Plastic Surgeons estimated that the number of minimally invasive aesthetic procedures performed in the U.S. increased to 15.9 mn 2015, a rise of 2% over 2014.

Competitively Priced Equipment and Services from Domestic Vendors to Limit Market Growth

The global medical aesthetic devices market is characterized by intense competition wherein local manufacturers and service providers offer devices/services at affordable costs. The resultant need to reduce costs of equipment to stay ahead of competition can severely hamper the overall profitability of international vendors, especially across cost-sensitive emerging economies.

Continuous technological developments in the aesthetic devices market with respect to product design and efficiency require manufacturers to provide up-to-date solutions to the customers. Such upgrades could be highly cost-intensive and lead to erosion of investment and not many service providers may be open to adopting them on a regular basis. The scenario is expected to have a negative impact on the overall development of the market in the long run.

This review of the market is based on a recent market research report by Transparency Market Research, titled “Medical Aesthetic Devices Market (Product - Aesthetic Laser and Energy Devices, Skin Tightening and Body Contouring Devices, Aesthetic Implants, and Facial Aesthetic Devices; Application - Facial and Body Contouring, Facial and Skin Rejuvenation, Breast Enhancement, Scar Treatment, Reconstructive Surgery, Tattoo Removal, and Hair Removal) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

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For the study, the global medical aesthetic devices market is segmented as follows:

Global Medical Aesthetic Devices Market Revenue, by Product
View the report @www.transparencymarketresearch.com/medical-aesthetics.html

Aesthetic Laser and Energy Devices
Ablative Skin Resurfacing Devices
Non-ablative Skin Resurfacing Devices
Skin Tightening and Body Contouring Devices
Liposuction Devices
Skin Tightening Devices
Cellulite Reduction devices
Aesthetic Implants
Breast Implants
Soft Tissue Implants
Aesthetic Dental Implants
Others
Facial Aesthetic Devices
Microdermabrasion Devices
Botulinum Toxin
Dermal Fillers
Global Medical Aesthetic Devices Market Revenue, by Application

Facial and Body Contouring
Facial & Skin Rejuvenation
Breast Enhancement
Scar Treatment
Congenital Defect Repair
Reconstructive Surgery
Tattoo Removal
Hair Removal
Global Medical Aesthetic Devices Market Revenue, by End-user

Hospitals
Dermatology Clinics
Cosmetic Centers
Global Medical Aesthetic Devices Market Revenue, by Geography

North America
U.S.
Canada
Europe
Germany
France
Italy
Spain
U.K.
Rest of Europe
Asia Pacific
China
Japan
India
Australia
New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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