Plummeting Investments in Medical Aesthetic Market - Johnson & Johnson, Allergan and Galderma Pharma Remain Industry Leaders

11 Aug, 2016, 10:30 ET from Mordor Intelligence

HYDERABAD, India, August 11, 2016 /PRNewswire/ --

Mordor Intelligence announces the publication of their research report on the sleep apnea devices market. The report titled, "Global Medical Aesthetic Device Market - Growth, Trends and Forecast (2016-2021)" discusses the current landscape and outlook of the said market.

The global medical aesthetic device market is estimated to be USD 8.38 billion in 2016 and is expected to reach USD 13.81 billion by 2021, growing at a CAGR of 10.5% during the forecast period. The report is an amalgamation of the current market scenario, its prospects and forces driving and restraining the market growth. The report highlights the North American, European, Asia-Pacific, Latin American and Middle East & African markets.

In 2005, 5.4 million medical aesthetic procedures were performed worldwide. The number of procedures increased to 12 million by 2014 and is expected to reach 21.9 million by 2020.

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The market for medical aesthetic device can be segmented based on products (aesthetic lasers & energy devices, aesthetic implants, Facial Aesthetics), by procedure (cosmetic and reconstruction), by end-user (beauty and home settings) and by geography (North America, Europe, Asia-Pacific and Rest of the World).

Unlike other lifesaving medical procedures, which are performed irrespective of the economic conditions in a country, aesthetic procedures are performed more so during good economic conditions. North America is currently the largest aesthetic medical devices market globally, followed by Europe. Countries in the Asia-Pacific region are one of those places where this market is rapidly growing due to the increasing income of people living in these countries.

The leading companies that dominate the sleep apnea device market are Allergan, Cynosure, Johnson & Johnson, LCA Pharmaceutical, Galderma Pharma, Solta Medical, Alma Lasers and others.

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SOURCE Mordor Intelligence