What is Medical Aesthetic Devices Market?
Over the past few decades, Breast Augmentation continued to be the world’s most popular cosmetic procedure at 1,677,320 procedures, followed by Liposuction at 1,573,680 procedures and Eyelid Surgery at 1,346,886 procedures. Medical aesthetic devices refer to all medical devices that are used for various cosmetic procedures, which include plastic surgery, unwanted hair removal, excess fat removal, anti-ageing, aesthetic implants, skin fixing, and so forth, that are utilized for beautification, adjustment, and improvement of the body. Aesthetic procedures include both surgical and non-surgical procedures According to statistics provided by the International Society of Aesthetic Plastic Surgery (ISAPA), showed that the total number of Aesthetic procedures grew by 9% from 2015 to 2016. Furthermore, the demand for the medical aesthetic devices is booming owing to the Women continue to drive the demand for cosmetic procedures, accounting for 86.4%, or 20,207,190 cosmetic procedures worldwide
The market study is being classified by Type (Energy-based Aesthetic Device(Radiofrequency (RF)-based Aesthetic Device, Light-based Aesthetic Device, Ultrasound Aesthetic Device) and Non-energy-based Aesthetic Device (Botulinum Toxin, Dermal Fillers and Aesthetic Threads, Microdermabrasion)), by Application (Beautification, Correction, Breast implants and Improvement of the body) and major geographies with country level break-up.
ZELTIQ Aesthetics, Inc (United States), Johnson & Johnson (United States), Allergan plc (Ireland), Cynosure, Inc. (United States), Solta Medical (United States), Merz, Inc. (Germany), Lumenis Ltd. (Israel), Alma Lasers (United States), Syneron Medical and Cutera, Inc (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Galderma S.A. (Switzerland).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Medical Aesthetic Devices market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Medical Aesthetic Devices market by Type, Application and Region.
On the basis of geography, the market of Medical Aesthetic Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising adoption of aesthetic procedures among geriatric individuals
- The demand for aesthetic surgery has increased significantly in recent years.
- Rising disposable income in the country will support the adoption of aesthetics procedure
- High-risk devices, such as dermal fills, breast implants, and laser equipment, are regulated as medical devices (MDs)
- The increasing number of medical technologies is being applied to the development of home-use aesthetic products
- High cost associated with the aesthetic surgeries
In August 2020, Lumenis Israel medical device company for aesthetic has introduced its latest innovation the NuEra Tight with FocalRF technology. The platform introduces a breakthrough in personalized non-invasive RF body treatments to match the unique needs of every patient.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Medical Aesthetic Devices Manufacturer, Government Regulatory and Research Organizations and End-Use Industry
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