Medical Aesthetics Market is Estimated to reach USD 24.84 billion by 2029 – Analysis, Leading Players, Future Growth, Business Prospects Research Report

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Global Medical Aesthetics Market report is a brilliant guide to achieve an information or key data about market, emerging trends, product usage, motivating factors for customers, competitor strategies, brand positioning, customer preferences, and customer behaviour. The report surely presents a great motivation to businesses to seek new business ventures and evolve better. While generating market research report, customer satisfaction is always kept on the utmost priority which makes clients rely confidently. Businesses can efficiently bring into play the data, statistics, research, and insights about the market included in the winning  market report to make decisions about business strategies and to attain maximum return on investment (ROI).

Market research analysis data included in this report lend a hand to businesses for planning of strategies related to investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. The competitive analysis carried out in the world class  report include strategic profiling of key market players, their core competencies, their strong and weak points, and competitive landscape of the market which supports businesses illustrate their individual strategies. With a full devotion and commitment,  

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Non-invasive body fat removal was among the top 5 non-invasive operations in the United States in 2020, according to the Aesthetic Society (US), with 140,314 procedures performed. Surgical and non-surgical cosmetic procedures are both available. Liposuction, breast implants, facelifts, radiofrequency, and other operations are all part of the surgical procedure. Chemical peels, non-surgical liposuction, and skin tightening procedures are among the non-surgical techniques available.

The facial aesthetic devices segment is expected to hold the largest share due to the patient demand for facial aesthetic treatments is increasing, as is disposable income and spending power, as well as the global elderly population. Data Bridge Market Research analyses that the medical aesthetics market was valued at USD 10.47 billion in 2021 and is further estimated to reach USD 24.84 billion by 2029, and is expected to grow at a CAGR of 11.4% during the forecast period of 2022 to 2029.

Report Scope and Market Segmentation

Report Metric Details
Forecast Period 2022 to 2029
Base Year 2021
Historic Years 2020 (Customizable to 2019 – 2014)
Quantitative Units Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered Product Type (Aesthetic Lasers, Energy Devices, Body Contouring Devices, Facial Aesthetic Devices, Aesthetic Implants, Skin Aesthetic Devices), Application (Anti-Aging and Wrinkles, Facial and Skin Rejuvenation, Breast Enhancement, Body Shaping and Cellulite, Tattoo Removal, Vascular Lesions, Psoriasis and Vitiligo, Others), End User (Cosmetic Centers, Dermatology Clinics, Hospitals, Medical Spas and Beauty Centers), Distribution Channel (Direct Tender, Retail)-
Countries Covered U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered Lumenis (Israel), Shanghai Fosun Pharmaceutical Group Co. Ltd. (China), Cynosure (US), Candela Medical (US), Aerolase Corp. (US), A.R.C. Laser Gmbh (Germany), Asclepion Laser Technologies Gmbh (Germany), Cutera. (US), Eclipse (US), Lutronic (South Korea), Medical Device Business Services, Inc. (US), Merz Pharma (Germany), Quanta System. (Italy), Sciton. (US), SharpLight Technologies Inc. (Canada), Syneron Medical Ltd. (US), Venus Concept. (Canada), Allergan, Inc. (Ireland) and Bausch Health Companies Inc. (Canada)
Market Opportunities Rise in the adoption of home-use aesthetic devices

Growing disposable incomes

Market Definition

Aesthetic medicine is a broad word for specialisations that focus on improving the appearance of cosmetic products by treating scars, skin laxity, wrinkles, moles, and liver spots. Dermatology, dental and maxillofacial surgery, reconstructive surgery, and plastic surgery are all traditionally included. Procedures in aesthetic medicine are typically sufficient. The demand for healthcare services has increased around the world as technology and equipment have advanced,

Medical Aesthetics Market Dynamics                                             

Drivers

Rise in the adoption of minimally invasive

The preference for minimally invasive and non-invasive aesthetic therapies over traditional surgical procedures has risen significantly. Minimally invasive/nonsurgical techniques have a number of advantages over typical surgical procedures, including less discomfort, scars, and recovery time.

Growing adoption of aesthetic procedures

In rising countries, there is a growing desire to seem fit and young, which has increased demand for aesthetic treatments. Consumers are becoming more interested in cosmetic operations such as nose reshaping, liposuction, and botox injections.

Accessibility of technologically advanced and user friendly products

The introduction of technologically improved technologies, such as non-invasive fat freezing body contouring systems.

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Opportunities

In addition, the rise in the adoption of home-use aesthetic devices and growing disposable incomes are further estimated to provide potential opportunities for the growth of the medical aesthetics market in the coming years.

Restraints/Challenges

On the other hand, the clinical risks and complications regarding the medical aesthetic procedures is further projected to impede the growth of the medical aesthetics market in the targeted period. However, the social and ethical issues related to the cosmetic treatments might further challenge the growth of the medical aesthetics market in the near future.

This medical aesthetics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical aesthetics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 Impact on Medical Aesthetics Market

The pandemic of COVID-19 has had a huge impact on the medical aesthetics market. Due to the lockdown, the market experienced a period of short-term negative growth, which can be attributed to factors such as a drop in product demand from major end users, limited operations in most industries, temporary closure of major end-user facilities (including beauty centres and spas), disrupted supply chain, and challenges in providing essential/post-sales services. However, in the post-COVID scenario, medical aesthetics market is projected to be significantly impacted.

Recent Development

In November 2020, AbbVie had acquired Allergan so as to form a global segment—Allergan Aesthetics to improve its medical aesthetics product line.

Global Medical Aesthetics Market Scope and Market Size

The medical aesthetics market is segmented on the basis of product type, application, end user and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

Aesthetic Lasers

Energy Devices

Body Contouring Devices

Facial Aesthetic Devices

Aesthetic Implants

Skin Aesthetic Devices

On the basis of product type, the medical aesthetics market is segmented into aesthetic lasers, energy devices, body contouring devices, facial aesthetic devices, aesthetic implants, and skin aesthetic devices. Facial aesthetic products are further sub segmented into dermal fillers, botulinum toxin, microdermabrasion and chemical peels. Body contouring devices are further sub segmented into nonsurgical fat reduction devices, cellulite reduction devices and liposuction devices. Cosmetic implants are further sub segmented into breast implants, facial implants and gluteal implants. Hair removal devices are further sub segmented into laser hair removal devices and IPL hair removal devices. Skin aesthetic devices are further sub segmented into laser resurfacing devices, nonsurgical skin tightening devices, micro-needling products and light therapy devices.

Application

Anti-Aging and Wrinkles

Facial and Skin Rejuvenation

Breast Enhancement

Body Shaping and Cellulite

Tattoo Removal

Vascular Lesions

Psoriasis and Vitiligo

Others

On the basis application, the medical aesthetics market is segmented into anti-aging and wrinkles, facial and skin rejuvenation, breast enhancement, body shaping and cellulite, tattoo removal, vascular lesions, psoriasis and vitiligo and others.

End User

Cosmetic Centers

Dermatology Clinics

Hospitals

Medical Spas and Beauty Centers

On the basis of end user, the medical aesthetics market is segmented into cosmetic centers, dermatology clinics, hospitals, and medical spas and beauty centers.

Distribution Channel

Direct Tender

Retail

On the basis of distribution channel, the medical aesthetics market is segmented into direct tender, and retail.

Medical Aesthetics Market Regional Analysis/Insights

The medical aesthetics market is analysed and market size insights and trends are provided by country, product type, application, end user and distribution channel as referenced above.

The countries covered in the medical aesthetics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the medical aesthetics market due to the rise in the adoption of cosmetic procedures. Furthermore, the increase in the incidence of skin disorders will further boost the growth of the medical aesthetics market in the region during the forecast period.

Asia-Pacific is projected to observe significant amount of growth during the forecast period of 2022 to 2029 of the medical aesthetics market due to the accessibility of technologically advanced products. Moreover, the increase in the attention towards physical appearance is further anticipated to propel the growth of the medical aesthetics market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The medical aesthetics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical aesthetics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical aesthetics market. The data is available for historic period 2010-2020.

Competitive Landscape and Medical Aesthetics Market Share Analysis

The medical aesthetics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical aesthetics market.

Some of the major players operating in the medical aesthetics market are

Lumenis (Israel), Shanghai Fosun Pharmaceutical Group Co. Ltd. (China), Cynosure (US), Candela Medical (US), Aerolase Corp. (US), A.R.C. Laser Gmbh (Germany), Asclepion Laser Technologies Gmbh (Germany), Cutera. (US), Eclipse (US), Lutronic (South Korea), Medical Device Business Services, Inc. (US), Merz Pharma (Germany), Quanta System. (Italy), Sciton. (US), SharpLight Technologies Inc. (Canada), Syneron Medical Ltd. (US), Venus Concept. (Canada), Allergan, Inc. (Ireland) and Bausch Health Companies Inc. (Canada) among others.

Research Methodology: Global Medical Aesthetics Market                      

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

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