An Analytical View of Global Medical Aesthetic Devices Market

Medical Aesthetic Devices Market – Overview

Aesthetic medicine is a specialty in medical science that focuses on improving the cosmetics appearance of a person through treatment for conditions such as scars, the skin laxity, moles, wrinkles, excess fat, liver spots, cellulite, unwanted hair, and pigmentation of skin, spider veins and other cosmetic treatments. Aesthetic medicine includes medical specialties such as dermatology, reconstructive surgery, and plastic surgery.

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Aesthetic medicine includes both surgical procedures (liposuction, facelifts, breast implants) and non-surgical procedures (Botox, dermal fillers) to enhance the physical appearance of the person or patient. Advances in the medical science, especially in the field of laser-based treatments have led to the growth of the global aesthetics market in the mid 1990’s. In 2013 alone, more than 23 million aesthetic procedures were performed globally. The main aim of aesthetic medicine is to use minimally invasive or non-invasive cosmetic treatment or procedures leading to the speedy recovery of the person undergoing such aesthetic treatment.

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Medical Aesthetic Devices Market Global Industry Analysis –An Outline

Aesthetics medicine requires using different types of medical aesthetic devices and as such the aesthetic laser devices, body countering devices, energy based devices such as lasers, radiofrequency and intense pulsed light (IPL) and products like chemical peel, dermal fillers etc. According to a reputed medical aesthetics market report, the global medical aesthetics devices market was valued worth $5.8 billion in 2016 with an estimated CAGR of 10.6% that may reach $9.6 billion by 2021.

The global medical aesthetic devices market is undergoing drastic changes due to technological advancements as per the materials and products used. The awareness among the people about denying cultural taboos on fashion and beauty, rising disposable incomes are some of the major factors that are expanding the medical aesthetic devices market reach. The rising global population of geriatrics is also driving the increased demand for aesthetic procedures across the globe. Within the medical aesthetics market size, the facial aesthetics market is showing technological advancements in the terms of materials and products used.

Aesthetic market trends – A brief overview

Manufacturers and sellers are coming up with advanced collagen based materials such as the bovine collagen and bioengineered human collagen that reduces the risk of bruising especially in terms of facial aesthetic products. Recently, energy based aesthetic medication is now accessible to treat skin based defects such as skin damage due to the sun, scars, vascular lesions, pigmentation, tattoo removal etc. The invasive aesthetic procedures are set to grow at a CAGR of 4.3% while the non-invasive aesthetic market size is expected to grow at a CAGR of 4.5% over the next five years.

There are stringent safety regulations for aesthetic procedures that are slowing down the growth of the market. The medical aesthetics devices market industry report states that the presence of a large number of surgeons especially in developed economies like the United States of America is contributing to the growth of the medical aesthetics market.

In addition, the emergence of the Asia-Pacific region as the growing hub of medical aesthetics devices market is the key factor that is creating a consumer awareness and interest in the aesthetic procedures in addition to aggressive marketing by leading Multinational companies. The rising medical tourism is also contributing to the demand for medical aesthetic devices. In the past few decades, consumers have become more open to aesthetic procedures due to the vast reduction in cultural prohibitions and taboos.

Segmentation of global medical aesthetics devices – A summary

The global medical aesthetics devices market is segmented based on products, procedures, end users and geography. Under the product category, the market is divided into facial aesthetic devices, aesthetics implants, skin tightening and body contouring devices and aesthetic laser and energy devices. Based on procedures, the market is categorized as cosmetic procedures and reconstruction procedures. Based on end users, the global medical aesthetic devices are bifurcated into home use, clinics and beauty centers.

Based on geographic regions, the global medical aesthetics market is analyzed under the various regions such as North America, Europe, Asia-Pacific, Middle East and Africa. North America dominates the medical aesthetic market with 58.4% market share followed by Europe and Asia-Pacific Region.  The major players in this market include – Allergen Plc, GC Aesthetics, Syneron Medical Ltd, Johnson & Johnson, Galderma Pharma etc are playing a key role in creating demand for aesthetics products in developing and developing economies across the globe.

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