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Medical Aesthetics Market Report Provides Sizes Of Key Regional Markets Using Yardsticks Of Processe

By Author: Pramod
Total Articles: 12

Advancement in laser technology, growing awareness among consumers, and health benefits of medical aesthetics procedures have been driving the market. The market is further expected to gain revenue due to shift in the preference from surgical to non-surgical procedures. There has been a significant growth in non-surgical medical spa procedures in the recent years, resulting from better technologies, such as intense pulsed light and advanced laser-based aesthetics equipment.

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In terms of product, the medical aesthetics market is classified into injectables, topicals, energy-based aesthetics, breast implants and others. The other medical aesthetics products primarily include microdermabrasion devices, liposuction tools, tissue matrices, microneedles, fat transfer systems, and jet propulsion systems. Among different medical aesthetics products, injectables held the largest share in the market in 2016, primarily due to high sales of botulinum toxin. Injectables, which includes neurotoxin and dermal fillers, accounted 35.3% of the global medical aesthetic products sales. Topicals, the second largest medical aesthetics product segment, witnessed the highest growth during historical period. The highest growth of topicals is attributed to their ability to treat several skin conditions without any usage of uncomfortable procedures. However, during the forecast period, the global energy-based aesthetics market is expected to grow at the fastest rate due to the increasing adoption of laser and radio frequency devices in aesthetics.

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The Asia-Pacific medical aesthetics market size is set to cross $5.0 billion by 2023, growing at a CAGR of 16.3% between 2017-2023. The Asia-pacific countries are experiencing a significant increase in the use of cosmetic treatments driven by factors such as expanding middle class population with increasing disposable income, increasing awareness about skin treatments and aging population, decrease in social stigma and taboo attached with these treatments and rise in number of tourists in these regions opting for cosmetic procedures. Countries such as China are easily open for the players for further expansion due to lesser stringent regulations. Some of the most popular treatments in the region are skin brightening, skin resurfacing and hair removal procedures, with procedures such as body shaping and skin tightening gaining further popularity.

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Some of the key players operating in the medical aesthetics market include Allergan plc., Valeant Pharmaceuticals International, Inc., Johnson & Johnson, Cutera Inc., Alma Lasers Ltd, Merz GmbH & Co. KGaA, Hologic Inc., Fonon Corporation, Nestle Skin Health S.A., Lumenis ltd.

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