Medical Aesthetics Market Overview and Introduction

Medical Aesthetics Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030. The global medical aesthetics market is estimated to be over US$ 9.0 Bn in 2017. It is anticipated to grow at a CAGR of 10.8% from 2019 to 2030.

Medical Aesthetics or Aesthetics products and devices are used in improving physical appearance of a an individual. This includes treatment with lasers, undergoing a surgery, treatment of a condition like scars, wrinkles and moles. The most prominent medical aesthetic procedure is use of botulinum toxin or botox for facial skin treatment. Medical aesthetics are now prominently used in hair removal, tattoo removal and excess skin removal after fat loss.

The global Medical Aesthetics market is driven by awareness about aesthetic and acceptance of medical aesthetic procedure, rise in minimally invasive procedure for surgeries, rise in medical tourism for aesthetics and advancement & introduction of new cost effective products in the market. However, high cost related to medical aesthetics products and surgeries and complications & risk associated with various medical aesthetic procedures is likely to restrain the market to certain extent.

Medical Aesthetics Market by Product

On the basis of product, the medical aesthetics market is segmented implants, body contouring devices, lasers and energy devices, aesthetic products and accessories. The aesthetic product market is estimated to account for the largest share of the market. The large share of the market can be attributed to rising demand for boltox procedure and acceptance for facial aesthetic treatment by patients.

Medical Aesthetics Market by End Users

Based on the end users, the market is segmented into hospitals, dermatology clinics and cosmetic centers. The hospitals segment is estimated to account for the largest share of the global medical aesthetics market. The large share of this segment can be attributed to presence of advance facilities and aesthetic surgeons for surgeries and rise in acceptance for minimally invasive procedure for facial aesthetics are likely to drive the growth of the segment.

Medical Aesthetics Market by Regions

The global Medical Aesthetics market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of medical aesthetics, followed by Europe and Asia Pacific. North America will continue to dominate the global medical aesthetics market in the forecast period owing to factors such as increasing focus of population on its appearance and acceptance of aesthetic surgeries to improve overall physical appearance. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, India, and Japan. Factors such as rise in medical tourism and low cost of aesthetic procedure and highly advance hospital infrastructure are likely to attract patient from different parts of the world. The high cost of Medical Aesthetics products, reimbursement policies & regulation related to Medical Aesthetics products & implants and complication and health risk associated after aesthetic procedure may restrain market growth to a certain extent.

Medical Aesthetics Market Prominent Players

The prominent players in the global Medical Aesthetics market are Cutera, Inc., Cynosure (Hologic ), Alma Lasers, Ltd. (Fosun Pharmaceutical Co., Ltd.), Galderma, Mentor Worldwide LLC (Johnson & Johnson), Syneron Medical Ltd., Merz Pharma GmbH & Co. KGaA., Solta Medical, Inc., Lumenis Ltd., and El.En. S.P.A, among others.