Selbyville, Delaware, Aug. 03, 2020 (GLOBE NEWSWIRE) --
According to latest report “Aesthetic Medicine Market by Type (Surgical Procedures, Non-surgical Procedures), Product (Facial Aesthetic {Injectables, Skin Rejuvenation}, Breast Aesthetics, Body Contouring Devices, Hair Removal Devices, Tattoo Removal Devices), Gender (Male, Female), End-use (Hospitals, Ambulatory Surgical Centers, Beauty Centers & Medical Spas, Dermatology Clinics, Home Settings), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market valuation of aesthetic medicine will reach $24.3 billion by 2026.
Increasing adoption of non-invasive procedure or minimally invasive surgeries will propel the aesthetic medicine market growth. The use of facial injectables including botulinum toxin is one of the key factors influencing the business expansion. For instance, American Family of Physician Journal stated that botulinum toxin injection used for the facial wrinkle treatment is performed most frequently in the U.S.
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Surgical procedures segment accounted for about 28% of the total aesthetic medicine market share. Surgical procedures such as nose reshaping and liposuction among others are most common aesthetic procedures. The demand for liposuction procedures has been increased due to rising concerns among individual regarding their appearance. Growing emphasis on weight loss surgeries and body contouring procedures will augment the market size.
Body contouring devices in the market held for 32.1% of revenue share in 2019 due to increasing obese population across the globe. Moreover, increasing number of aesthetic procedures such as liposuctions and other surgeries related to body extremities will further spur the segment growth.
Female segment valuation in the aesthetic medicine market was over USD 9.7 billion in 2019 owing to growing trends in female to appear young at their middle-age. Furthermore, aging signs can be reduced with facial injectables and botulinum toxin procedures.
Beauty centers & medical spas end-use segment is expected to show a reasonable growth of 11.6% through 2026 led by rising number of aesthetic surgeries performed across the world coupled with the technological advancements. Additionally, various benefits offered by these centers and spas such as de-stress technique and relaxation, among others will contribute to the market expansion.
Europe aesthetic medicine market is projected to grow at a significant pace during the forecast timeframe driven by aging demographics that will result in higher adoption of aesthetic devices. Accessibility of latest technologies and products and growing social awareness are one of the key factors influencing the Europe market demand. In addition to that, the number of non-surgical procedures in Germany has increased in last few years. Also, availability of plastic surgeons in European region will increase in aesthetic surgeries and supplement the market growth.
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A few notable companies operating in the market include Alma Lasers, Allergan, Johnson & Johnson, Galderma, Lumenis, Cynosure and Cutera. Industry players are focusing on various strategies such as novel product launches, acquisition, and business expansion to consolidate their market presence.
Table of Contents (ToC) of the report:
Chapter 3. Aesthetic Medicine Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 - 2026
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.2. Industry pitfalls & challenges
3.4. Growth potential analysis
3.4.1. By type
3.4.2. By product
3.4.3. By gender
3.4.4. By end-use
3.5. COVID-19 impact analysis
3.6. Porter’s analysis
3.7. Competitive landscape
3.7.1. Strategy dashboard, 2019
3.8. PESTEL analysis
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.