June 17, 2021
According to the research report titled ‘Global Medical Aesthetics Market 2019-2028’, available with Market Study Report, global medical aesthetics market is projected to register a y-o-y growth rate of 5.53% during 2019-2028.
Increasing adoption of home use aesthetic products coupled with growing popularity of medical aesthetic treatments & noninvasive techniques are the primary factors driving the global medical aesthetics market growth. Additionally, advancing technologies are generating lucrative prospects for the business sphere.
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However, concerns pertaining to the risk & side effects associated with medical aesthetic procedures, high costs of the implantable medical devices, and reimbursement issues are restraining the growth of the market development. Moreover, high availability of counterfeit products that are substandard and developed without following the guidelines laid by regulatory bodies are further hindering the market growth.
Based on application range, global medical aesthetics market is segmented into surgical and non-surgical. The surgical segment is further categorized into breast surgery, face & head surgery and body & extremities surgery.
Speaking of the product range, the industry is fragmented into devices and implants including others. The devices segment is further classified into aesthetic laser and skin tightening & body contouring devices, while implants segment is divided into dental implants, facial implant, breast implants and other implants.
Moving on to the end user spectrum, the marketplace is divided into hospitals & clinics and medical spas & beauty centers including others.
Considering the geographical analysis, the industry is fragmented into North America, Latin America, Middle East & Africa, Europe, and Asia-Pacific regions.
As stated in the report, Asia-Pacific market is likely to exhibit remunerative growth trends over the forecast period, owing to increasing population, rising income levels, and growing awareness among people regarding beauty & youth. Furthermore, booming medical tourism industry and advancing technology are positively swaying the market dynamics in the region.
Notable players in worldwide medical aesthetics industry sphere are InMode, Institut Straumann AG, Galderma S.A., Allergan Inc., Lumenis (UK) Ltd., Merz Pharma GmbH & Co. KGaA, Ipsen Pharma Biotech SAS, Sientra Inc., Johnson & Johnson, Candela Laser Corporation, Cynosure LLC., Zimmer Biomet Holdings N.V., Cutera Inc., and Bausch Health Companies Inc.