Medical Aesthetics Market By Product (Facial Aesthetic, Body Contouring Devices, Cosmetic Implants, Hair Removal Devices, Skin Aesthetic Devices, Tattoo Removal Devices), Technology (Invasive, Non-Invasive, Minimally Invasive), End User, Forecast till 2027
Medical Aesthetics Market Outlook
The medical aesthetics market is projected to acquire a size of over USD 38,850.89 Mn by 2027. The report further suggests that the market is projected to exhibit a robust CAGR of approximately 8.30% during the review timeframe, says Market Research Future (MRFR).
The medical aesthetics products available today are both technically advanced and comprehensible that will assist market players in growing and benefiting the target audience across the global medical aesthetics market. The global medical aesthetics market has recorded massive growth in recent years. The market’s growth is driven by the increasing number of cosmetics and plastic products. Furthermore, the rise in the number of service providers like surgeons and doctors is also likely to catalyze the growth of the medical aesthetics market over the forecasted era. On the other hand, the side effects coupled with these medical aesthetic procedures are one of the primary restraining factors for the growth of the medical aesthetics market.
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Medical Aesthetics Market Segment Analysis
The global medical aesthetics market has been split into several segments based on product, technology, end-users, and region.
Based on product, the medical aesthetics market is fragmented into skin aesthetics, hair removal devices, body contouring devices, cosmetic implants, fat reduction and cellular reduction devices, facial aesthetic products, and others.
The medical aesthetics market is split into minimally invasive, non-invasive, invasive, and others based on technology.
By end-users, the medical aesthetics market is divided into care centers, home care centers, hospitals, cosmetic & beauty centers, clinics, medical spas, etc.
Medical Aesthetics Market Regional Insights
The global market for medical aesthetics is studied across five major regions, including South America, the Middle East & Africa, Asia-Pacific, North America, and Europe.
The MRFR report suggests that the North American region led the global medical aesthetics market in 2019. The region is projected to maintain the top position globally over the review timeframe ending in 2028.
The Asia-Pacific regional medical aesthetics market is likely to register the fastest growth over the forecasted timeframe. The primary aspect driving the regional market’s growth is the rising interest in procedures coupled with the efforts to bolster the regional economies and the growing consumer awareness. Furthermore, the growing tourism investments across the region are also projected to catalyze the regional medical aesthetics market’s growth.
Medical Aesthetics Market Competitive Outloo
The medical aesthetics market has a wide number of players spread worldwide. The participants in the global market are making heavy investments in R&D activities to launch new and advanced products to the market. The list of prominent leaders in the global medical aesthetics market includes Medytox, Inc. (South Korea), Cynosure (U.S.), Cutera, Inc. (the U.S.), Galderma (Switzerland), Fotona d.o.o. (Slovenia), En. S.p.A. (Italy), Alma Lasers, Ltd. (Israel), Anika Therapeutics (U.S.), Allergan-AbbVie (U.S.), Merz Pharma GmbH & Co. KGaA (Germany), Johnson & Johnson (U.S.), and several others.
A leading medical spa operating in Wisconsin, Renew Medical Aesthetics WI, has introduced the latest lip filler aesthetic treatments. With an already deep-rooted list of services, including facials, microneedling, Kybella treatments, dermal fillers, Botox alternatives, and lip fillers, the launch of advanced lip filler solutions further strengthens their clients’ treatment options. Lip fillers are gaining massive traction in recent times, and developments in the field of non-surgical injectable fillers are offering better results than ever before.
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A specialty pharmaceutical company, Osmotica Pharmaceuticals plc, has announced the company has rebranded its name to RVL Pharmaceuticals plc. This rebranding suggests RVL’s strategy to be a growth company in medical aesthetics and eye care, and as an element of this change, RVL has introduced the latest corporate website
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