Medical Aesthetics Market - Trends Forecast Till 2028

Market Overview

The global medical aesthetics market is anticipated to reach USD 11.2 billion by 2020 growing at a CAGR of 10.9% during the forecasting period, 2020-2028. Medical aesthetics major focus is to improvise the cosmetic appearance by treating various conditions such as wrinkles scars, skin laxity, liver spots, cellulite, moles, unwanted hair, spider veins, excess fat, and skin discoloration. Laser and energy devices are usually used for skin and hair treatment that includes applications such as skin rejuvenation, tattoo removal, and skin tightening.

Key Findings

The global medical aesthetics market is segmented into product, end-user, and geography.

The product segment is segmented into Facial Aesthetic Products, Body Contouring Devices, Hair Removal Devices, Cosmetic Implants, Skin Aesthetic Devices, Tattoo Removal Devices, Nail Treatment, Physician-Dispensed Cosmeceuticals, and Skin Lighteners, Physician-Dispensed Eyelash Products. 

On the basis of product, the facial aesthetic products segment is expected to dominate the market for medical aesthetics market during the forecast period 2020-2028

The end-Users segment is segmented into clinics, beauty centers, hospitals, medical spas, and home care

Geographically, the global medical aesthetics market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Regional Analysis

North America region is the largest contributor to the medical aesthetics market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028.

Competitive Landscape

Key players in the global medical aesthetics market are Allergan, Alma Lasers, Cutera, Cynosure, EL.EN.S.P.A., Fotona D.O.O., Galderma, Merz Pharma, Medytox Inc., Sinclair Pharma, Solta Medical, Candela Corporation among others.

Recent Developments

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

• In 2019, Allergan launched a website so as to support healthcare professionals working within medical aesthetics called Allergan Spark.
• In 2019, Alma Lasers has launched a new hair removal device, the Soprano Titanium. The device features the company’s new Quattro 3D applicator handpiece, which has a spot size of 4cm and delivers three laser wavelengths: 755 nm, 810 nm, and 1064 nm to treat all skin types. It also features a dual connector, enabling two different applicators to be connected to the platform at all times.
• In 2018, Cutera, Inc. launched aesthetic systems for practitioners worldwide, today introduces Juliet and Secret RF to its product offerings of laser and energy-based devices.
• In 2019, the Cynosure division launched two new products that expand the Company’s growing portfolio of innovative aesthetic treatments — the TempSure Firm handpiece and a petite mask for SculpSure submental treatments.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
• Gain authentic and granular data access for the medical aesthetics market so as to understand the trends and the factors involved in changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope