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Global Medical Aesthetics Market business report endows with complete market analysis and forecasting, market definition, market drivers and market restraints, market share, market segmentation and analysis of key players in the market. Emerging product trends, major drivers, challenges and opportunities in the market are identified and analysed apparently while generating this marketing document. Clients accomplish unparalleled insights and acquaintance of the best market opportunities into their respective markets from this market report. The credible A market report offers wide-ranging statistical analysis of the market’s continuous positive developments, capacity, production, production value, cost/profit, supply/demand and import/export about industry.
A market research report is one of the key factors used in maintaining competitiveness over competitors. The industry report also comprises of reviews about key players, major collaborations, merger & acquisitions along with trending innovation and business policies. For market segmentation study conducted in this report, a market of potential customers is divided into groups or segments based on different characteristics such as application of product, deployment model, end user and geographical region etc.
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.
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Report Scope and Market SegmentationMarket 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.
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.
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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
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.
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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.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
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