Medical Aesthetics Market: Outlook
Rapid increase in the geriatric populace along with goal of healthcare service providers to focus on minimally invasive as well as non-invasive aesthetic procedures has added to the growing popularity of the medical aesthetics in the recent years. In addition to this, massive awareness pertaining to cosmetic procedures and easy access to technologically advanced healthcare products will culminate into steep rise in the demand for medical aesthetics in the upcoming years.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Furthermore, players are focusing on rebuilding liquidity along with working closely with doctors and medical spas as well as finding ways to interact with the customers located remotely. This will further boost the market penetration across nook & corner of the globe.
Medical Aesthetics Market: Growth Dynamics
The escalating demand for aesthetic procedures along with the growing need of the consumers to resume personal care regimes will prompt the business growth over the forecast timespan. The untapped growth potential has attracted the pharma as well as beauty firms towards the market in the recent years. In addition to this, players in fashion industry as well as personal care & cosmetics sector are well-aware of the pros and cons of direct to consumer marketing activities as well as sales of medical aesthetics items and this will help the market transcend to towering heights in the next decade. With firms offering differentiated products and services, there is ample of avenues for delivering significant value to market over the forecast timeframe.
The innovations in medical aesthetics and launching of new products by the entrants for forming a strong customer base are likely to provide a robust platform for the market over the forthcoming years. Product innovation by the established as well as new players has been successful in transforming the customer preferences, addressing their unmet requirements, and generates immense interest in medical aesthetics. Citing an instance, body contouring has become highly popular among the millennial population base. All these aforementioned factors will steer the business space in the foreseeable future.
Medical Aesthetics Market: Segmentation
The global Medical Aesthetics market can be classified based on product, technology, end-user, and region. Product wise, the Medical Aesthetics industry is segmented into Skin Aesthetic Devices, Cosmetic Implants, Facial Aesthetic, Tattoo Removal Equipment, Hair Removal Devices, Body Contouring Devices, and others. Technology-wise, the market is sectored into Non-Invasive, Invasive, and Minimally Invasive. Based on the end-user, the market is divided into Clinics & Hospitals, Dermatology & Cosmetic Centers, and others. Region-wise, the market can be divided into the Middle East and Africa, North America, Latin America Asia Pacific, and Europe.
Medical Aesthetics Market: Regional Analysis
North America to make notable contributions towards overall market proceeds over the forecasting timeline. With giant players in the countries focusing on launching differentiated products & services and increasing customer engagement is likely to result in growth of medical aesthetics industry over the estimated timeline. In addition to this, adoption of flexible pricing models and offering of customer loyalty programs as well as physician loyalty programs will play a pivotal role in influencing the expansion of the medical aesthetics industry in North America over the forecasting timespan. Apart from this, untapped market potential in the region along with large-scale sales of injectable in the sub-continent will further enlarge the market scope in the region over the assessment period
Key players influencing the business growth include El.En. S.p.A., Cutera, Inc., Anika Therapeutics, Sinclair Pharma PLC, Ltd., Medytox, Inc., Johnson & Johnson,Syneron Medical, Allergan-AbbVie, Sientra, Inc., Alma Lasers, Ltd., Fotona d.o.o., Cynosure, Galderma, Merz Pharma GmbH & Co. KGaA, and Bausch Health.
Global Medical Aesthetics Market: Regional Segment Analysis
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