The medical aesthetics market is growing significantly, with new products and services being developed and implemented to meet the ever-evolving needs of patients. The global market for medical aesthetics is estimated to reach 23.4 billion by 2027, with a compound annual growth rate (CAGR) of 11.0%.
The medical aesthetics market refers to the industry that produces and sells products and services related to the enhancement and rejuvenation of one's appearance. This can include cosmetic procedures such as Botox injections, dermal fillers, laser hair removal, and chemical peels, as well as devices such as microdermabrasion and ultrasound machines. The market is growing rapidly due to increasing demand for minimally invasive cosmetic procedures, advancements in technology, and the ability to target a wide range of concerns such as wrinkles, acne, and unwanted hair. The industry is expected to continue to grow in the future with the development of new treatments and technologies.
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The growth of the market can be attributed to the increasing demand for minimally invasive aesthetic procedures, growing awareness of the benefits of medical aesthetics and advances in technology. Moreover, the rising prevalence of skin-related disorders, increased aging population, and the growing acceptance of cosmetic interventions are driving the growth of the market.
The medical aesthetics market is segmented into products, treatments, and services. Products include lasers and energy-based devices, injectables, and topical products, among others. Treatments include skin tightening, body shaping, face sculpting, and fillers. Services include medical spas, aesthetic clinics, skin clinics, and online services.
The laser and energy-based devices segment is expected to witness the fastest growth over the forecast period, due to the increasing demand for minimally invasive procedures. Injectables are also expected to experience strong growth, driven by the rising demand for facial rejuvenation and other aesthetic procedures.
The medical aesthetics market is highly competitive, with a large number of players vying for market share. Key players in the market include Allergan, Merz, Johnson & Johnson, Galderma, Syneron Candela, Cutera, Lumenis, and Solta Medical, among others. These players are investing heavily in research and development to offer innovative products and services and gain a competitive edge.
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The medical aesthetics market is expected to experience strong growth over the forecast period due to the increasing demand for aesthetic procedures, advances in technology, and growing acceptance of cosmetic interventions. The growing aging population and increasing awareness of the benefits of medical aesthetics will further fuel the growth of the market.
Medical Aesthetics Market Report Segmentation
By Product
· Facial Aesthetic Products
o Botulinum toxin
o Derma Fillers
o Microdermabrasion products
o Chemical peels
· Cosmetic Implants
o Breast implants
o Gluteal implants
o Facial implants
· Skin Aesthetic Devices
o Nonsurgical skin tightening devices
o Laser skin resurfacing devices
o Microneedling products
o Light therapy devices
· Body Contouring Devices
o Nonsurgical fat reduction devices
o Cellulite reduction devices
o Liposuction devices
· Physician-Dispensed Cosmeceuticals & Skin Lighteners
· Hair Removal Devices
o LASER hair removal devices
o IPL hair removal devices
· Tattoo Removal Devices
· Thread Lift Products
· Physician-Dispensed Eyelash Products
· Nail Treatment laser Devices
By End User
· Clinics, Hospitals, And Medical Spas
· Beauty Centers
· Home Care Settings
By Region
· North America
o US
o Canada
· Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
· Asia Pacific
o Japan
o China
o India
o Australia
o South Korea
o Thailand
o Indonesia
o Rest of Asia Pacific
· Latin America
o Brazil
o Mexico
o Rest of Latin America
· Middle East & Africa
Recent Developments
· In June 2022, Cynosure launched PicoSure Pro, its latest upgrade to the PicoSure platform
· In October 2020, Cynosure Announced the US and Canadian launch of FlexSure.
· In June 2020, Cynosure launched the Elite iQ Aesthetic Workstation for laser hair removal and skin revitalization in the US, Europe, and Australia.
· In February 2021, Allergan acquired by AbbVie received FDA approval for Botox to treat detrusor hyperactivity in patients five and older.
· In August 2021, Bausch Health Companies Inc. and its Solta Medical business introduced Clear + Brilliant Touch laser in the US.
Related Research Study:
Minimally Invasive Surgical Instruments Market
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The Medical Aesthetics Device Market research report provides the newest industry data, growth, key segments and future trends on the idea of the detailed study.
This market report also allows you to spot the longer term opportunity and rate of growth of the leading segment supported regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the medical aesthetics device market include Allergan plc, Alma Lasers (Fosun Pharmaceutical Co., Ltd.), Cutera, Inc., Cynosure, Inc., Galderma S.A. (Nestle), Lumenis Ltd., Mentor Worldwide LLC (Johnson & Johnson), Merz, Inc., Solta Medical, Inc., Syneron Medical Ltd. and ZELTIQ Aesthetics, Inc. among others.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Medical Aesthetics Device Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/medical-aesthetics-device-market/download-sampleMarket DynamicsRising cases of road accidents, trauma injuries have generated high demand for reconstructive surgeries.
Emergence of technologically advanced products with growing demand for minimally invasive surgeries is further fueling the growth of this market.
Despite of this, high cost of the procedure with higher risk of malfunction is likely to hinder the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
