Medical Aesthetics Market Size, Share and Global Trend By Product (Facial Aesthetic Products, Body Contouring Devices, Cosmetic Implants, Skin Aesthetic Devices, Physician-Dispensed Eyelash Products, Hair Removal Devices, Tattoo Removal Devices, Thread Lift Products, Nail Treatment Laser Devices), By End User (Hospitals, Specialty Clinics , Others), and Geography Forecast till 2021-2028

Medical aesthetics is an inclusive term for specialties that focus on the improvement cosmetic appearance through the treatment of conditions such as skin laxity, scars, moles, excess fat wrinkles, moles, liver spots, cellulite, unwanted hair, skin discoloration, and spider veins. Medical aesthetics include medical specialties such as dermatology, reconstructive surgery, and plastic surgery. Medical aesthetics includes both surgical procedures and non-surgical procedures, and professionals may use a combination of both. Some of the procedures of medical aesthetics include plastic surgery, unwanted hair removal, excess fat removal, anti-aging, aesthetic implants, skin tightening. Most of the procedures of the medical aesthetics are elective in nature but can improve and promote quality of life, psychological wellbeing, and social engagement. American Society of Plastic Surgeons (ASPS) reported that a record high of US$ 16.0 billion was spent on cosmetic procedures in 2016. These factors are expected to contribute to the considerable and rapid growth of the medical aesthetics market.

One of the key drivers of the growth in the market is the increasing awareness and the increasing demand for aesthetic beauty which is anticipated to create increasing demand for these procedures. Some of the factors that are expected to contribute to the significant growth of the market are the minimally invasive nature of these procedures, the lifting of taboos regarding such medical aesthetic procedures and the increasing disposable incomes, especially in the emerging markets.

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The factor that is expected to inhibit the growth of the market is the associated complication of the medical aesthetic procedures which involve surgeries. Some of the associated complications of procedures such as liposuction include bleeding, pain, infections, bruising and scarring and even death in extreme scenarios. Another limiting factor is the lack of reimbursement in medical aesthetic procedures.

Key Players Covered

Some of the major companies that are present in the global Medical Aesthetics market are ALLERGAN, Solta Medical, Nestlé Skin Health, Johnson & Johnson Services, Inc., Cynosure (Hologic, Inc.), Alma Lasers and MERZ PHARMACEUTICALS and other players.

SEGMENTATION

At present, body contouring accounts for the largest proportion of the market and this is because this segment also includes the most popular form of medical aesthetic, liposuction and also a number of other medical aesthetics offerings.

Key Insights

• Overview of Opportunity Assessment in Emerging Markets
• Overview on Technological Development of Low-Cost Medical Aesthetic Devices
• Overview of Growing Adoption of Home-Use Aesthetic Devices
• New Product Launches
• Social and Ethical Issues Associated with Cosmetic Treatments

Regional Analysis

The global medical aesthetics market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America followed by Europe are the two largest markets for medical aesthetics at present and they are expected to account for a large proportion of the market in the forecast period as well. North America accounts for the largest share in the global medical aesthetics market owing to a number of factors such as growing investment from the key players in the market leading to the innovation of minimally invasive and non-invasive devices; and increasing demand for aesthetic procedures. The Asia Pacific region is the fastest growing emerging market due to the increasing disposable income, huge population base and the need and concern for aesthetic beauty are expected to positively drive the market. The Middle East and Africa region are also considered to be the emerging markets and have shown increasing adoption of the medical aesthetic procedures since its inception.

Key Industry Developments

• In September 2018, Cutera launched its new product offering of TruSculpt iD, a 15-minute body contouring treatment for the individuals with higher Body Mass Index (BMI)
• In September 2017, Lumenis launched the tattoo removal solution called PiQo4 in India, to be utilized for the common color tattoos
• In September 2017, Alma Lasers launched its product offering of multi-modality liposuction platform called the LipoLife 3G