Medical Aesthetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Medical Aesthetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2020 | Medical Devices | PPT format

Report Digest


Global Medical Aesthetics Market: Snapshot

Aesthetic medicine is a term used mainly for specialty services that focus on improving cosmetic appearance through the treatment of various conditions such as excess fat, moles, scars, and others. This type of medicine involves both surgical procedures as well as non-surgical procedures. Many doctors might even use a combination of both. Thanks to an increasing demand of these procedures, a distinct medical aesthetics market exists from a global perspective.

Medical aesthetics is known to substantially improve quality of life, wellbeing, and social engagement. This is one of the primary factors driving growth in the market. Moreover, with an increase in medical tourism, the global medical aesthetics market is witnessing a notable surge. In countries such as United States, Japan, South Korea, Mexico, and Brazil, maximum number of aesthetic procedures were performed in 2014. This indicates a strong presence of the market in these economies.

The medical aesthetics market mainly involves specializing in improving cosmetic appearance. It has numerous applications for dermatological and surgical conditions. Aesthetic medicine also plays a role in the treatment of excess fat, cellulite, and obesity. Aesthetic medicines coupled with laser-based therapies can be effectively utilized for the treatment of scars, unwanted hair, skin discoloration, and spider veins.

While providing medical aesthetics, assessment of the overall health is very important through the hands of a qualified physician in the global medical aesthetics market. This mainly necessary to ensure that the existing issue is treated properly, and minimum or no side effects are caused. The aesthetician who oversees the entire process should provide a novel team approach while availing minimally invasive aesthetic procedures. Photorejuvenation, chemical peels, Cryolipolysis, mesotherapy injection, Injections of botulinum toxin, injection of dermal fillers, and Cellulite treatment, are some of the key processes being a part of the medical aesthetics market.

Global Medical Aesthetics Market: Overview

The global medical aesthetics market has significantly seen an uptake in regions such as North America and Middle East. In recent times it has been noticed that there is a whimsical surge in uptake of aesthetic procedure among the consumer residing in these regions, which has augmented the sales rate of the market. Advent of new line of aesthetic products along with aggressive technological advancement, which is helping in achieving better efficacy with reducing the time taken by busy patients who are avoiding longer recovery periods. These factors are anticipated to help the market to grow exponentially. Global medical aesthetic devices are generally used to treat aesthetically impaired skin, such as excessive fat, moles, scars, wrinkles, cellulite, skin laxity, skin discoloration, spider veins, lover spots, and unwanted hair.

Global Medical Aesthetics Market: Trends and Opportunities

Increase in demand for minimally invasive reconstruction surgeries has helped the market to grow stupendously. Incessant rise in road accidents along with trauma cases has kept the doctors busy. Increasing cases of tooth deformities and congenital face coupled with rising awareness by government of various countries like breast reconstructive awareness campaign which was launched in the U.S is helping the market to get momentum. Increasing number of breast cancer accompanied by surging cosmetology surgeons in anticipated to help the market to climb up. Rapid advancement in technology is acting as catalyst in helping the market to achieve great heights.

Rise of medical tourism, particularly in Asian countries has helped the market to grow rapidly in Asia Pacific region. Rising preference for a healthy lifestyle along with rise in disposable income stokes demand for product in market. Increase in popularity of celebrities among the young generation who tend to inspire them to look good and aesthetically appealing is anticipated to provide lucrative growth opportunities for the market to grow.

However, on the other hand it has been noticed that exorbitant price associated with treatment is likely to be rebuked by middle class family. This is anticipated to be the major restraint factor in the market.  Negligible compensations from any healthcare center is likely cause the market to go down. Another factor stalling the growth of the market is risk associated with the surgeries required for medical aesthetics market.


Global Medical Aesthetics Market: Market Potential

Recently idsMED Singapore hosted an Aesthetic Conference, where one of the major player in the market Cutera unveiled their new product in the market. Cutera exhibited live demo of their new products which included Cuteral trusculpt 3D, Lutronic enCurve, Classys Scizer, and Classys Clatuu Alpha.  Cutera trusculpt 3D is a nonsurgical radio frequency device which has the ability to contour and sculpt a body. Lutonic enCurve promises to descend fat cells in a most easy way according to the company. Classys Scizer contours the body in a minimally invasive way.

Global Medical Aesthetics Market: Regional Outlook

On the basis of geography, the global medical aesthetics market is present in Asia Pacific, Europe, North America, and Rest of World. Of these, North America holds the major share in the market and is expected to hold the lead during the forecast period. On the other hand, Asia Pacific is anticipated to become the fastest growing region as the demand for medical aesthetics increases. Increasing consumer knowledge along with strong local economies is likely to help Asia Pacific to lock horns with North America. Strong advertisement by Americana and European manufacturers in the region is likely to create growth opportunity for them.

Global Medical Aesthetics Market: Competitve Landscape

Some of the major players in the market are Anika Therapeutics, Cynosure, Cutera, Inc., Allergan, plc, Almers, Ltd, and Sinclair Pharma PLC.

Medical Aesthetics Market, by Product

  • Facial Aesthetic Products
    • Dermal Fillers
    • Botulinum Toxin
    • Microdermabrasion
    • Chemical Peels
  • Body Contouring Devices
    • Nonsurgical Fat Reduction Devices
    • Cellulite Reduction Devices
    • Liposuction Devices
  • Cosmetic Implants
    • Breast Implants
      • Silicone Implants
      • Saline Implants
    • Facial Implants
    • Other Cosmetic Implants
  • Hair Removal Devices
    • Laser Hair Removal Devices
    • IPL Hair Removal Devices
  • Skin Aesthetic Devices
    • Laser Resurfacing Devices
    • Nonsurgical Skin Tightening Devices
    • Micro-needling Products
    • Light Therapy Devices
  • Tattoo Removal Devices
  • Thread Lift Products
  • Physician-dispensed Cosmeceuticals and Skin Lighteners
  • Physician-dispensed Eyelash Products
  • Nail Treatment Laser Devices

Medical Aesthetics Market, by End User

  • Clinics, Hospitals, and Medical Spas
  • Beauty Centers
  • Home Care

Medical Aesthetics Market, by Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe (RoE)
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Rest of Asia Pacific (RoAPAC)
  • Rest of the World (RoW)
    • Latin America
    • Middle East
    • Africa

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.