The medical aesthetics market stood at $8.6 billion in 2016, and it is projected to reach $19.4 billion by 2023, displaying a 12.2% CAGR during 2017–2023 (forecast period).
The growth is driven by the technological innovations in the industry and perceived health benefits of aesthetic products. Additionally, the shifting focus toward non-surgical treatments from surgical procedures, surging population of the elderly, and rising awareness among consumers about the numerous aesthetic treatments available are facilitating the market growth.
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Additionally, the medical aesthetics market growth is driven by the technological innovations in the industry. The latest development in the industry is the laser technology that offers benefits such as minute incisions, a short recovery period, and reduced intensity of pain. Due to these advantages, the technology is being applied in aesthetic treatments including body contouring, hair removal, and skin rejuvenation. Moreover, fat reduction and body contouring employ advanced laser technologies, such as low-level laser, transdermal focused ultrasound, cryolipolysis, monopolar radiofrequency (RF), and high-intensity focused ultrasound (HIFU).
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The product segment of the medical aesthetics market is categorized into injectables, topicals, energy-based aesthetics, and breast implants. Among these, the injectables category accounted for the largest share of the market in 2016 due to the high sales of botulinum toxin. Additionally, the topicals category demonstrated the highest growth rate during the historical period (2013–2016). This can be ascribed to the ability of topical creams and lotions to treat various skin conditions without the requirement for uncomfortable procedures.
Globally, the North American medical aesthetics market is generating the highest revenue, as the region is home to the majority of the established players that offer multiple innovations in aesthetic procedures. In recent years, the U.S. has been the largest contributor to the regional market growth. Further, the developing nations of the Asia-Pacific (APAC) region, especially India and China, are expected to grow substantially in the future. Due to this factor, APAC will emerge as the second-largest market by 2020
Various secondary sources such as directories, industry journals, and databases have been used to identify and collect information useful for this extensive commercial study of the market.
Primary and secondary research was used to for market estimation and forecast.Key Factors Driving Market Growth:Growing adoption of noninvasive procedures, changing lifestyles, rising incidence of skin damage, reduction in procedural costs, and rise in medical tourism devices are the major factors driving the growth of the aesthetic lasers market.
However, the rising adoption of energy-based devices and low focus of market players on aesthetic/cosmetic devices are restraining the growth of this market.Revenue Growth Analysis:The global aesthetic lasers market is estimated to grow at a CAGR of 10.2% during the forecast period, to reach USD 1,132.7 Million by 2021.Don’t miss out on business opportunities in Aesthetic/Cosmetic Lasers Market :For market engineering process both top-down and bottom-up approaches and several data triangulations were used for market estimation and market forecasting for the overall market segments and sub-segments of market.
All possible factors that affect the market included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
This data was combined and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.Browse in-depth TOC on ” Aesthetic/Cosmetic Lasers Market “88 – Tables43 – Figures147 – PagesDownload PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=94673613Based on type, the aesthetic/cosmetic lasers type market is segmented into standalone lasers and multiplatform lasers.
Factors such as multiplatform lasers provide clinicians the flexibility and versatility of several standalone systems in a single package, and provide combination therapy to synergistically treat a single indication or provide treatment addressing multiple elements of any indication is contributing to the high growth of this segment in the forecast period.Based on application, the aesthetic/cosmetic lasers type market is segmented into vascular lesions, acne & scars, pigmented lesions & tattoos, hair removal, skin rejuvenation, leg veins & varicose veins, and other applications (onychomycosis and gynecological conditions).
The global aesthetic lasers market is estimated to grow at a CAGR of 10.2% during the forecast period, to reach USD 1,132.7 Million by 2021.
Growing adoption of noninvasive procedures, changing lifestyles, rising incidence of skin damage, reduction in procedural costs, and rise in medical tourism devices are the major factors driving the growth of the aesthetic lasers market.
However, the rising adoption of energy-based devices and low focus of market players on aesthetic/cosmetic devices are restraining the growth of this market.Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=94673613Primary and secondary research was used to for market estimation and forecast.
Various secondary sources such as directories, industry journals, and databases have been used to identify and collect information useful for this extensive commercial study of the market.
Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess prospects of the market.Aesthetic/Cosmetic Lasers Market segmented into :Based on type, the aesthetic/cosmetic lasers type market is segmented into standalone lasers and multiplatform lasers.
Factors such as multiplatform lasers provide clinicians the flexibility and versatility of several standalone systems in a single package, and provide combination therapy to synergistically treat a single indication or provide treatment addressing multiple elements of any indication is contributing to the high growth of this segment in the forecast period.Based on application, the aesthetic/cosmetic lasers type market is segmented into vascular lesions, acne & scars, pigmented lesions & tattoos, hair removal, skin rejuvenation, leg veins & varicose veins, and other applications (onychomycosis and gynecological conditions).
The global dermatology devices market is expected to reach USD 14.17 Billion by 2021 from USD 8.22 Billion in 2016, at a CAGR of 11.50% during the forecast period.
The rising incidence of skin disorders, increasing awareness on aesthetic procedures, technological advancements, and increasing healthcare expenditure are the major factors driving the growth of this market.The global dermatology devices market is segmented into diagnostic devices (by type and application) and treatment devices (by type and application).
The large share of this segment can be attributed to technological advancements and increasing awareness about the available aesthetic procedures in the market.On the basis of the type of treatment devices, the dermatology devices market is segmented into light therapy devices, lasers, electrosurgical equipment, liposuction devices, microdermabrasion devices, and cryotherapy devices.
The other treatment applications segment is expected to account for the largest share of the market during the forecast period, primarily due to the increasing awareness about aesthetic procedures and technological advancements.Based on region, the global dermatology devices market is segmented into North America, Europe, Asia, and the Rest of the World (RoW).
Growth in this regional segment is driven by factors such as the rising incidence of skin diseases, increasing healthcare expenditure, and increasing awareness regarding aesthetic procedures.Some of the major players operating in the dermatology devices market are Alma Lasers, Ltd. (Israel), Cutera, Inc. (U.S.), Cynosure, Inc. (U.S.), Lumenis, Ltd. (Israel), and Valeant Pharmaceuticals International, Inc. (Canada).Read More@ https://www.marketsandmarkets.com/PressReleases/dermatology-devices-market.aspAbout MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
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