The global medical aesthetics market is projected to reach USD 17.07 billion by 2023 from USD 10.30 billion in 2018, at a CAGR of 10.6% from 2018 to 2023.
Factors such as the growing adoption of minimally invasive and noninvasive aesthetic procedures, rising adoption among geriatric individuals, increasing public awareness about cosmetic procedures, the availability of technologically advanced & user-friendly products, and the increasing demand for aesthetic treatments among men are driving the growth of this market. However, factors such as the clinical risks and complications associated with medical aesthetic procedures and the increasing availability and adoption of alternative beauty and cosmetic products are restraining the growth of this market to a certain extent.
By product, the medical aesthetics market is segmented into facial aesthetic products (dermal fillers, botulinum toxin, microdermabrasion, and chemical peels); body contouring devices (nonsurgical fat reduction devices, cellulite reduction devices, and liposuction devices); cosmetic implants [breast implants (silicone implants and saline implants), facial implants, and other cosmetic implants]; hair removal devices (laser hair removal devices and IPL hair removal devices); skin aesthetic devices (laser resurfacing devices, nonsurgical skin tightening devices, micro-needling products, and light therapy devices); tattoo removal devices; thread lift products; physician-dispensed cosmeceuticals and skin lighteners; physician-dispensed eyelash products; and nail treatment laser devices.
The facial aesthetics products segment is expected to account for the largest market share in 2018, while the thread lift products segment is expected to register the highest growth rate during the forecast period. The high growth of this segment is primarily attributed to the growing focus on aesthetics and increasing consumer willingness to pay for aesthetic treatments.
North America is expected to hold the largest share of the global medical aesthetics market in 2018, and this trend is expected to continue during the forecast period. The medical aesthetics market in the Asia Pacific, on the other hand, is projected to witness the highest growth rate during the forecast period. Factors such as rising consumer knowledge and interest in procedures, strong local economies, aggressive marketing by leading US and European companies in Asia, rising medical tourism, and an increase in awareness about aesthetics are supporting the growth of the medical aesthetics market in the Asia Pacific.
This report studies the medical aesthetics market based on product, end user, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) which affect market growth. It analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for key players. The medical aesthetics market report profiles key players who are involved in the manufacturing and commercialization of medical aesthetic products/devices and analyzes their core competencies. The report also tracks and analyzes competitive developments in the market such as product launches, enhancements, and approvals; acquisitions; partnerships and collaborations; and expansions.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Medical Aesthetics Market Overview 4.2 Medical Aesthetics Market, By Product 4.3 Regional Analysis: Medical Aesthetics Market, By End Users 4.4 Geographic Snapshot of the Medical Aesthetics Market
5 Market Overview
5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 126.96.36.199 Growing Adoption of Minimally Invasive and Noninvasive Aesthetic Procedures 188.8.131.52 Rising Adoption Among Geriatric Individuals 184.108.40.206 Increasing Public Awareness About Cosmetic Procedures 220.127.116.11 Availability of Technologically Advanced and User-Friendly Products 18.104.22.168 Increasing Demand for Aesthetic Treatments Among Men 5.2.2 Restraints 22.214.171.124 Clinical Risks and Complications Associated With Medical Aesthetic Procedures 126.96.36.199 Increasing Availability and Adoption of Alternative Beauty and Cosmetic Products 5.2.3 Opportunities 188.8.131.52 Emerging Markets 184.108.40.206 Development of Low-Cost Medical Aesthetic Devices 220.127.116.11 Growing Adoption of Home-Use Aesthetic Devices 18.104.22.168 Increasing Disposable Incomes and the Expanding Middle-Class Population 5.2.4 Challenges 22.214.171.124 Social and Ethical Issues Associated With Cosmetic Treatments
7.1 Introduction 7.2 Clinics, Hospitals, and Medical Spas 7.3 Beauty Centers 7.4 Home Care
8 Medical Aesthetics Market, By Region
8.1 Introduction 8.2 North America 8.2.1 Launch and Approvals for Aesthetic Devices 8.2.2 Rapidly Increasing Aging and Obese Population in the US and Canada 8.2.3 Rich Research Pipeline 8.2.4 Lack of Reimbursement and High Cost of Aesthetic Procedures 8.2.5 US 8.2.6 Canada 8.3 Europe 8.3.1 Launch of Novel Aesthetic Products 8.3.2 High Use of Dermal Fillers in Europe 8.3.3 Conferences and Training Programs 8.3.4 Growing Focus of Market Companies on the European Market 8.3.5 Dearth of Pertinent Regulatory Guidelines 8.3.6 Slow Market Growth Due to Reimbursement Issues 8.3.7 Germany 8.3.8 France 8.3.9 UK 8.3.10 Rest of Europe 8.4 Asia Pacific 8.4.1 Growing Middle-Class Population and Purchasing Power in the Region 8.4.2 Growing Preference for Aesthetic Surgery in South Korea 8.4.3 Growing Uses of Neurotoxins 8.4.4 Lack of Reimbursements 8.4.5 Japan 8.4.6 China 8.4.7 India 8.4.8 South Korea 8.4.9 Rest of APAC 8.5 Rest of the World 8.5.1 Rise in Medical Tourism 8.5.2 Increasing Number of Aesthetic Procedures in the Region 8.5.3 Weak Economy and Low Consumer Buying Power in Latam and African Countries 8.5.4 Shortage of Plastic Surgeons in the Middle East and Africa 8.5.5 Latin America 8.5.6 Middle East 8.5.7 Africa
9 Competitive Landscape
9.1 Introduction 9.2 Global Medical Aesthetics Market Share Analysis (2017) 9.2.1 Global Facial Aesthetics Market Share Analysis 9.2.2 Global Medical Aesthetics Market Share Analysis for Energy & Light Based Devices 9.2.3 Global Medical Aesthetics Market Share Analysis for Cosmetic Implants 9.3 Competitive Scenario 9.3.1 Key Product Launches and Approvals (2015-2018) 9.3.2 Agreements, Partnerships, and Collaborations (2015-2018) 9.3.3 Acquisitions (2015-2018) 9.3.4 Expansions (2015-2018) 9.3.5 Investments and Divestments (2015-2018)
10 Company Profiles
10.1 Allergan 10.2 Solta Medical (A Division of Valeant Pharmaceuticals International, Inc.) 10.3 Cynosure (A Wholly Owned Subsidiary of Hologic Inc.) 10.4 Johnson & Johnson 10.5 Merz Aesthetics, Inc. (A Division of Merz Pharma GmbH & Co. KGaA) 10.6 Galderma (A Subsidiary of Nestl) 10.7 Alma Lasers, Ltd. (A Division of Sisram Medical Ltd.) 10.8 Syneron Medical, Ltd. (A Part of APAX Partners) 10.9 El.En. S.P.A. 10.10 Sientra, Inc. 10.11 Anika Therapeutics, Inc. 10.12 Sinclair Pharma PLC 10.13 Medytox, Inc. 10.14 Cutera, Inc. 10.15 Fotona D.O.O.
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