A research study
titled, “Medical
Aesthetic Devices Market by Product, Application, and End User - Global Industry
Analysis and Forecast to 2025” published by ASA Market Research, states that
the medical aesthetic devices market is projected to be around $16 billion by
2025.
Medical aesthetics is a comprehensive term used for
enhancing cosmetic appearance through use of various surgical and non-surgical
procedures. Medical aesthetic devices are used to treat impairments associated
with individual aesthetic appearance such as scars, skin discoloration,
wrinkles, hair loss and excessive fat. According to study conducted by
International Society of Aesthetic Plastic Surgery (ISPAS),
in 2015, around 38,097,209 aesthetic/cosmetic procedures were performed
worldwide. Although aesthetic devices accounts for relatively smaller share in
global medical device market, it is expected to witness high growth during
forecast period. This can be attributed to number of factors such as high
prevalence of face and dental deformities, increasing elderly population opting
for various aesthetic procedures and increasing number of cosmetology centers
serving large pool of people. Furthermore, increase in prevalence of breast
cancer worldwide will further contribute to the market growth. According to
Breast Cancer Research Foundation, in 2015, an estimated 231,840 new cases of
breast cancer were diagnosed in the U.S. Thus, increasing incidence of breast
cancer is expected to drive the market growth.
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Aesthetic laser device segment dominated the global
market in 2016 owing to their ability to provide efficient treatment by
utilizing combination of energy types, rise in elderly population opting for
more aesthetic procedures and high adoption rate by dermatologist. Skin
tightening and body contouring devices segment is expected to witness high
growth during forecast period due to increase in demand for skin tightening and
body shaping aesthetic procedures. Dental implant segment will witness
favorable growth during the forecast period owing to increase tooth
deformities, rise in elderly population requiring tooth replacements and
improved denture retention using dental implants.
Based on application, body and extremities segment is
expected to witness lucrative growth during forecast period owing to rise in
obese population, rise in demand for minimal invasive surgical techniques and
rise in disposable income of people. Medical spas market will experience
lucrative growth over the forecast period owing to increase in the number
medical spa centers across the globe and growing demand for cosmetic procedures
globally.
U.S. held the largest share of the North American medical
aesthetic devices market due to increasing adoption of cosmetic procedures in
the country as a result of high disposable income. According to a survey
conducted by the American Society for Aesthetic Plastic Surgery, Americans
spent more than $15 billion on surgical and non-surgical aesthetic procedures
in 2016. France dominated the European medical aesthetic devices market in 2016
owing to increase rate of aesthetic surgical procedures such as lipoplasty and
rhinoplasty.
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Research Report @ http://www.crystalmarketresearch.com/report-sample/HC0519
Major players operating in the medical aesthetic devices
market are Syneron Medical Ltd., Cynosure Inc., Solta Medical, 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., and Dentsply Sirona Inc.
Key
Findings of the Research Study:
·
Aesthetic laser devices segment accounted for
over one-fourth share of the global market, primarily due to increase
utilization of these devices in wide range of aesthetic procedures such as skin
rejuvenation, tattoo removal, and removal of pigmented lesions.
·
Medical spas and beauty centers market will
witness lucrative growth over the forecast period due to availability of large
number of skilled professionals to perform cosmetic procedures and rising
consumer interest in aesthetic appeal.
·
North America accounted for two-fifth share
of the global market in 2016, owing to continuous technological advancements
and high adoption rate of aesthetic devices among consumers.
·
Asia-Pacific is expected to witness fastest
growth during forecast period due to growing awareness about aesthetic
procedures, rise in disposable income of people and increase in aging
population.
About Crystal
Market Research
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research, business intelligence, and consulting services to help clients make
more informed decisions. It provides both syndicated as well as customized research
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intelligence reports across a broad range of industries including healthcare,
chemicals & materials, technology, automotive, and energy.
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