U.S (New York)-This Medical Aesthetic Devices Market Report gives evaluation and insights primarily based on authentic consultations with necessary gamers such as CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors etc.
The global medical aesthetic devices market was valued at $9,235 million in 2016, and is expected to reach at $17,992 million by 2023, growing at a CAGR of 10.0% from 2017 to 2023. Medical aesthetic devices are used to treat and enhance the aesthetic appearance of a person by treatment of various conditions, such as skin laxity, excessive fat, cellulite, scars, moles, wrinkles, unwanted hair, liver spots, spider veins, and skin discoloration. Aesthetic medicine comprises surgical and non-surgical procedures, and a combination of both can be used to enhance the physical appearance of an individual.
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In addition, deformities caused due to accidents, trauma, and other congenital disorders are rectified by use of aesthetic devices (particularly implants) The market is driven by high demand for minimally invasive and non-invasive reconstruction surgeries, technological advancements, growth in incidence of congenital face and tooth deformities, and increase in awareness about aesthetic appearance. However, high treatment cost, low reimbursements, and risk of malfunctions linked to implants hamper the market growth. Growth opportunities that are expected to lead to market expansion comprise growth of medical tourism, increase in preference for a better quality of life, and adoption of aesthetic procedures to enhance physical appearance.
The report segments the market based on product, application, end user, and region. The product category includes devices and aesthetic implants. Medical aesthetic devices are applicable in both surgical as well as non-surgical cosmetic procedures in hospitals & clinics and medical spas & beauty centers. Based on region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Colombia, Saudi Arabia, and rest of LAMEA).
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
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Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the market, with current trends and future estimations to elucidate the imminent investment pockets.
It offers a quantitative analysis and comprehensive analysis of all geographical regions from 2016 to 2023 to enable the stakeholders to capitalize on the prevailing market opportunities.
Analysis based on product type assists in understanding the various types of devices used during a cosmetic procedure.
Key players are profiled and their strategies are analyzed thoroughly to understand competitive outlook of the global market.
LIST OF KEY PLAYERS PROFILED IN THE REPORT
Allergan PLC
Solta Medical Inc. (a division of Valeant Pharmaceuticals International Inc.)
Syneron Medical Ltd.
Cynosure Inc. (a division of Hologic, Inc.)
Lumenis Ltd.
Johnson & Johnson
Merz Pharma GmbH & Co. KGaA
Alma Lasers Ltd. (acquired by Shanghai Fosun Pharmaceutical (Group) Co. Ltd.)
GC Aesthetics plc
Sientra Inc.
Zimmer Biomet Holdings, Inc.
Dentsply Sirona Inc. (formerly DENTSPLY International Inc.)
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request)
Zeltiq Aesthetics Inc.
Danaher Corporation
Institut Straumann AG
3M Company
Polytech Health & Aesthetics GmbH
KEY MARKET SEGMENTS
BY PRODUCT
Devices
Aesthetic Lasers
Ablative Lasers
Non-ablative Lasers
Skin Tightening & Body Contouring Devices
Liposuction Devices
Skin Tightening Devices
Cellulite Reduction devices
Aesthetic Implants
Dental Implants
Root Form Dental Implants
Plate Form Dental Implants
Breast Implants
Saline Filled
Silicone Gel Filled
Facial Implants
Other Implants
BY APPLICATION
Surgical
Face & Head
Brow Lift
Ear Surgery
Eyelid Surgery
Facelift
Facial Bone Contouring
Facial Fat Grafting
Neck Lift
Hair Transplantation
Rhinoplasty
Breast
Breast Augmentation
Breast Lift
Body & Extremities
Abdominoplasty
Buttock Augmentation
Buttock Lift
Liposuction
Lower Body Lift
Penile Enlargement
Thigh Lift
Upper Arm Lift
Upper Body Lift
Labiaplasty
Vaginal Rejuvenation
Non-surgical
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BY END USER
Hospitals & Clinics
Medical Spas & Beauty Centers
BY REGION
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Colombia
Saudi Arabia
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
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