The global medical aesthetics market is forecast to grow at a compound annual growth rate (CAGR) of more than 9% during the forecast period from 2021-2030.
Anesthetic medicine specialist focuses on modifying cosmetic products’ appearance by treating scars, skin laxity, wrinkles, moles, and liver spots. As is traditional, plastic surgery including dermatology, oral and maxillofacial surgery, reconstructive surgery, and reconstruction. Esthetic medicine is usually sufficient for these procedures. Technological advancements and advancements in equipment have increased the demand for healthcare services across the globe. Medical aesthetics technologies are being used not only in developed but also in developing countries.
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Factors Affecting
- Growing market awareness of aesthetic medicine and cosmetic surgery and increasing demand are the main factors for companies to predict their market segment.
- There is an increase in consumer spending on aesthetic drugs worldwide and a growing demand for surgical products primarily among the working population, resulting in a higher need for aesthetic medicine in various countries.
- Growing medical tourism, the increase of the adult population, the increase in incomes, and increased awareness of aesthetic specialties have contributed to the increased demand for medical aesthetic instruments. These countries have many specialists who contribute to the growth of the Medical Aesthetics market.
- Several clinical hazards and complications associated with medical aesthetic procedures limit the market’s growth.
Impact Analysis of COVID-19
The COVID-19 has restricted the growth of the medical aesthetics market. As a result of COVID-19, some parts of the medical industry have seen profits, but the medical aesthetics industry has seen significant declines. As a result of the Coronavirus-induced lockdown, the medical aesthetics industry faced challenges with its supply chain, logistics, and delivery of products and services to hospitals and end-users. Also, the market suffered from lower demand due to end users’ fear of contracting the virus, which discouraged them from visiting hospitals and surgeons.
In the immediate aftermath of the pandemic, the market is likely to grow substantially due to the advent of advanced AI-equipped robots that will assist doctors in maintaining a safe distance from patients.
Regional Analysis
The North American medical aesthetics market dominates the global market. Growing film and entertainment industries can be attributed to the increase in such medical aesthetics treatments, as people associated with these industries are more likely to undergo them. Also, the growing medical tourism industry in this region has boosted the market for medical aesthetics worldwide.
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Leading Competitors
The prominent leading competitors in the global medical aesthetic market are:
- AbbVie-Allergan (Europe)
- Alma Lasers, Ltd (Middle East)
- Anika Therapeutics Inc. (United States)
- Bausch Health Companies Inc. (North America)
- Cutera, Inc. (United States)
- Cynosure (United States)
- El En SpA (Europe)
- Fotona d.o.o. (Europe)
- Galderma (Europe)
- Johnson & Johnson (United States)
- Merz Pharma GmbH & Co. KGaA (Europe)
- Others Prominent Players
Scope of the Report
The global medical aesthetic market segmentation focuses on Product, End-User, and Region.
Segmentation based on Product
- Facial Aesthetic Products
- Dermal Fillers
- Botulinum Toxin
- Microdermabrasion
- Chemical Peels
- Body Contouring Devices
- Nonsurgical Fat Reduction Devices
- Cellulite Reduction Devices
- Liposuction Devices
- Cosmetic Implants
- Breast Implants
- Silicone Implants
- Saline Implants
- Facial Implants
- Gluteal Implants
- Breast Implants
- Hair Removal Devices
- Laser Hair Removal Devices
- IPL Hair Removal Devices
- Skin Aesthetic Devices
- Laser Resurfacing Devices
- Nonsurgical Skin Tightening Devices
- Micro-needling Products
- Light Therapy Devices
- Tattoo Removal Devices
- Thread Lift Products
- Physician-dispensed Cosmeceuticals and Skin Lighteners
- Physician-dispensed Eyelash Products
- Nail Treatment Laser Devices
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Segmentation based on End-User
- Clinics, Hospitals, and Medical Spas
- Beauty Centers
- Home Care
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Aim of the Report
- This study aims to determine the market size of various segments and countries with forecast values for next ten years.
- Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
- It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
- The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.
What is the goal of the report?
-The market report presents the estimated size of the Healthcare market at the end of the forecast -period.
-The report also examines historical and current market sizes.
-During the forecast period, the report analyzes the growth rate, market size, and market valuation.
-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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