London, Aug. 14, 2019 (GLOBE NEWSWIRE) — According to a new market research report “Medical Aesthetics Market by Product (Facial Aesthetics, Cosmetic Implants, Skin Aesthetic Devices, Thread Lift Products, Body Contouring Devices, Hair Removal Devices), End User (Hospitals, Medical Spas, Home Care Settings)–Global Forecast to 2025”, published by Meticulous Research®, the global medical aesthetics market is expected to grow at a CAGR of 11.5% from 2019 to reach $22.2 billion by 2025.
Medical aesthetics market comprises advanced products and technologies used by skilled medical professionals or aesthetic specialists for improving physical appearance of patients. Various invasive and noninvasive procedures are primarily designed for the significant enhancement and cosmetic change in patient’s appearance, and these are collectively termed as medical aesthetics procedures. Currently, there is an increasing demand of cosmetic procedures among the millennials and younger generation with increasing influence of social media, which is driving the growth of the medical aesthetics products market. Growing technological advancements and wider acceptance of cosmetic procedures among the diversified geographies across the globe is also contributing to the growth of the medical aesthetics market. The innovation in this market is primarily focused towards developing convenient, faster, and low risk products and procedures for patients. Furthermore, the growth of the medical tourism industry in APAC and Latin America region focused towards cosmetic procedures is also expected to create a greater demand for technologically advanced medical aesthetic products in these regions, thereby supporting the growth of the global medical aesthetics market over the forecast period.
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The overall medical aesthetics market is mainly segmented by product (facial aesthetics, cosmetic implants, skin aesthetic devices, physician-dispensed cosmeceuticals and skin lighteners, thread lift products, body contouring devices, hair removal devices, tattoo removal devices, and nail treatment laser devices), end user (hospitals, clinics, and medical spas, beauty centers, and home care settings), and geography.
The facial aesthetics segment is estimated to hold the largest share of the overall medical aesthetics market in 2019. The largest share of this market segment is primarily attributed to the increasing geriatric population across the globe coupled with the rising demand of aesthetic procedures, rapid growth of technologically advanced products by companies to perform facial aesthetic treatments, and increasing availability of certain facial aesthetic products.
Based on end user, the hospitals, clinics, and medical spas segment is estimated to hold the largest share of the overall medical aesthetics market in 2019. This is primarily attributed to increasing demand of cosmetic procedures to enhance self-esteem and uptake of technologically advanced devices in hospitals and clinics for aesthetic procedures.
Geographically, North America commanded the largest share of global market, mainly attributed to the factors such as increasing awareness and adoption of aesthetic procedures among the population; rising incidences of skin diseases; greater availability and adoption of advanced medical devices, and growing consciousness among the population about improving their physical appearances. While, North America will continue to dominate the global medical aesthetics market by 2025, the APAC region is expected to grow at the highest CAGR during the forecast period of 2019 to 2025.
The major players operating in the fragmented global medical aesthetics market are Allergan plc (Ireland), Alma Lasers (Israel), Anika Therapeutics, Inc. (US), Cutera, Inc. (US), Cynosure Inc. (US), El.En. S.P.A. (Italy), Fotona D.O.O (Solvenia& US), Galderma Laboratories, L.P. (US), Mentor Worldwide LLC (US), and Merz Aesthetics (Germany) among others.
Browse key industry insights spread across 195 pages with 185 market data tables & 18 figures & charts from the report: https://www.meticulousresearch.com/product/medical-aesthetics-market-5028/
Scope of the Report:
Medical Aesthetics Market, by Product
- Facial Aesthetics
- Botulinum Toxin
- Dermal Fillers
- Chemical Peels
- Microdermabrasion Devices
- Cosmetic Implants
- Breast Implants
- Other Implants
- Facial Implants
- Skin Aesthetic Devices
- Nonsurgical Skin Tightening Devices
- Laser Skin Resurfacing Devices
- Light Therapy Devices
- Micro-Needling Products
- Physician-Dispensed Cosmeceuticals and Skin Lighteners
- Thread Lift Products
- Body Contouring Devices
- Nonsurgical Fat Reduction Devices
- Liposuction Devices
- Cellulite Reduction Devices
- Hair Removal Devices
- Tattoo Removal Devices
- Nail Treatment Laser Devices
Medical Aesthetics Market, by End User
- Hospitals, Clinics, and Medical Spas
- Beauty Centers
- Home Care Settings
Medical Aesthetics Market, by Region
- North America
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- Latin America
- Middle East & Africa
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