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Analysis of Medical Aesthetic Devices Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

Medical

The “Medical Aesthetic Devices Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Medical Aesthetic Devices industry. The information available in the Medical Aesthetic Devices market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Medical Aesthetic Devices market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Medical Aesthetic Devices Market:

  • Allergan Inc.
  • Alma Lasers
  • Galderma S.A. (Nestle)
  • Johnson & Johnson
  • Lumenis Inc.
  • Sciton Inc.
  • Solta Medical Inc. (Valeant)
  • Sanuwave Health Inc.
  • Syneron Candela
  • Cynosure Inc. (Hologic Inc.)

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    Market Overview:

  • The medical aesthetic devices market was valued at USD 8704.25 million in 2018 and is expected to register a CAGR of about 9.8% during the forecast period, 2019-2024. Medical aesthetic devices refer to all medical devices that are used for various cosmetic procedures, which include plastic surgery, unwanted hair removal, excess fat removal, anti-aging, aesthetic implants, skin tightening, etc., that are used for beautification, correction, and improvement of the body. Technological advancement in devices, increasing awareness regarding aesthetic procedures and rising adoption of minimally invasive devices, and rising obese population are the major factors leading to the growth of the market. However, social stigma concerns and poor reimbursement scenario are hindering the market growth.
  • With the advent of the internet and the growing trend of social media, information is becoming more accessible to everyone, and people are becoming more aware of aesthetic procedures. An increasing number of social media users and raising awareness among the masses about the medical aesthetic procedures are likely to pose a positive impact on the sales of medical aesthetic devices, resulting in considerable growth in the market size. For instance, in 2005, 5.4 million medical aesthetic procedures were performed worldwide. This number increased to 12 million by 2014 and is expected to reach 21.9 million by 2020. Along with the increased awareness in the potential benefits of aesthetic procedures, people are inclined toward the use of minimal or non-invasive procedures in aesthetic treatments. It is estimated that out of the 23 million cosmetic/aesthetic procedures that have taken place globally, the majority of them turned out to be minimally invasive.

    Scope of the Report:

  • The market is segmented by the product and end user. The product type segmentation comprises of aesthetic lasers and energy devices, non-surgical skin tightening devices, aesthetic ophthalmology devices, laser hair removal devices, aesthetic implants, facial aesthetics devices. Aesthetic implants include breast implants and other implants. Whereas facial aesthetics devices further include dermal fillers and microdermabrasion. The end user segmentation includes hospitals, clinics and beauty centers, home settings.

    Reasons for Buying Medical Aesthetic Devices Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    The Aesthetic Lasers and Energy Devices Segment Contributed To Highest Revenues.

    The aesthetic lasers and energy devices segment held the largest market share in 2017. The laser resurfacing is the treatment that helps to reduce facial wrinkles, blemishes, acne scars, and skin irregularities. These treatments can be performed on the face, neck, chest, arms, and hands. There are two types of laser surfacing devices, ablative skin resurfacing devices and non-ablative skin resurfacing devices. According to the estimates of the American Society of Plastic Surgeons in 2017, the average cost of laser skin resurfacing was USD 2,124 for ablative and USD 1,114 for non-ablative.

    On the basis of end users, the hospitals accounted for the largest market value in 2018. A large number of aesthetics procedures are performed in hospitals, particularly for breast procedures, blepharoplasty, lipoplasty, rhinoplasty, and other minimally invasive procedures. With the global rise in obesity and the issue of being overweight as well as a large section of the high-income population in the developed market opting for better overall looks, there is a rising demand for the aesthetics industry in hospitals.

    North America to Dominate the Market by Value and the Asia-Pacific is Poised to Grow at the Fastest Rate.

    North America is the biggest market for aesthetic devices owing to the growing investment from key players in the development of innovative devices and the rising demand for aesthetic procedures in the region. According to the American Society of Plastic Surgeons, there were 15.6 million cosmetic procedures recorded in 2014, an increase of 3% from that previously reported in 2013, which includes around 1.7 million cosmetic surgical and 13.9 million cosmetic minimally invasive procedures. Breast augmentation continues to be the top cosmetic surgical procedure and has been since 2006. It was observed that in 2014, silicone implants were highly used when compared to saline implants, which were 77%, and 23% respectively.

    Asia-Pacific is the fastest growing region. Factors, such as the huge population base and rising disposable income, are anticipated to drive the market for aesthetic devices in the region.

    Medical Aesthetic Devices Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Medical Aesthetic Devices Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Technological Advancement in Devices
    4.2.2 Increasing Awareness Regarding Aesthetic Procedures
    4.2.3 Rising Adoption of Minimally Invasive Devices
    4.2.4 Increasing Obese Population
    4.3 Market Restraints
    4.3.1 Social Stigma
    4.3.2 Poor Reimbursement Scenario
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product
    5.1.1 Aesthetic Lasers and Energy Devices
    5.1.2 Non-Surgical Skin Tightening Devices
    5.1.3 Aesthetic Ophthalmology Devices
    5.1.4 Laser Hair Removal Devices
    5.1.5 Aesthetic Implants
    5.1.5.1 Breast Implants
    5.1.5.2 Other Implants
    5.1.6 Facial Aesthetics Devices
    5.1.6.1 Dermal Fillers
    5.1.6.2 Microdermabrasion
    5.2 By End Users
    5.2.1 Hospitals
    5.2.2 Clinics and Beauty Centers
    5.2.3 Home Settings
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 UK
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Spain
    5.3.2.6 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 South Korea
    5.3.3.6 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 GCC
    5.3.4.2 South Africa
    5.3.4.3 Rest of Middle East & Africa
    5.3.5 South America
    5.3.5.1 Brazil
    5.3.5.2 Argentina
    5.3.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Allergan Inc.
    6.1.2 Alma Lasers
    6.1.3 Galderma S.A. (Nestle)
    6.1.4 Johnson & Johnson
    6.1.5 Lumenis Inc.
    6.1.6 Sciton Inc.
    6.1.7 Solta Medical Inc. (Valeant)
    6.1.8 Sanuwave Health Inc.
    6.1.9 Syneron Candela
    6.1.10 Cynosure Inc. (Hologic Inc.)

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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