Pune, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a global pharmaceutical market research firm published a report on "Medical Aesthetics Market”.
Medical Aesthetics Market Scope and Research Methodology:
A quantitative analysis of the market's drivers, restraints, trends, and projections is provided by the research on Medical Aesthetics. Porter's five forces analysis shows how buyers and suppliers can develop their supplier-buyer networks and make decisions that are motivated by profit. With the use of extensive analysis, market size, and segmentation, the current medical aesthetics market potential can be determined. Investors will gain a thorough understanding of the industry's future from the study, which also includes the factors expected to affect the company either favorably or unfavorably. The research offers a complete understanding of the medical aesthetics market for those investors wishing to invest.
The report includes scenarios for the medical aesthetics market from the past and present, along with projected market numbers. Analysis of leading competitors such as market leaders, followers, and new entrants, covers every aspect of the medical aesthetics market. The research contains strategic profiles of the top market participants, a full examination of their key competencies, and their company-specific plans for the introduction of new products, growth, partnerships, joint ventures, and acquisitions. The research acts as an investor's guide with its clear portrayal of competitive analysis of significant companies by product, pricing, financial condition, product portfolio, growth strategies, and regional presence in the domestic and local markets.
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Medical Aesthetics Market Overview
Medical aesthetics is used to cure and improve a person's aesthetic appearance by addressing issues such as skin laxity, excess fat, cellulite, scars, moles, wrinkles, unwanted hair, liver spots, spider veins, and skin discoloration. Traditionally, dermatology, dental and maxillofacial surgery, reconstructive surgery, and plastic surgery are all considered. Aesthetic medicine includes both surgical and non-surgical procedures, and a combination of the two can be used to enhance a person's physical appearance.
Medical Aesthetics Market Dynamics
Factors such as increased public awareness about cosmetic products, rising cases of congenital facial and teeth deformities, and rising acceptance of aesthetic operations among the senior population to improve physical appearance are fueling the medical aesthetics sales growth. Manufacturers' introduction of innovative products, such as non-invasive body contouring systems is expected to provide lucrative opportunities in the medical aesthetics market throughout the forecast period. Adults' increasing desire to improve their physical appearance has increased the demand for cosmetic surgeries, which is likely to fuel the industry's growth.
A surge in medical tourism, rising disposable incomes, and increased awareness of aesthetic specialties are boosting market growth. Another factor driving the market growth is an increase in consumer spending on cosmetic pharmaceuticals throughout the world. Furthermore, increased incidences of trauma and traffic accidents, as well as rising cases of breast cancer, are expected to boost the growth of the medical aesthetics industry.
The clinics, hospitals, and medical spaces segment produced the consideration of medical aesthetics market share in 2021. This growth might be attributed to factors such as greater availability of financial and physical resources at clinics and hospitals. In addition, medical aesthetic procedures provide convenient and deliverable developments in clinics and hospitals, which support market segment growth.
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Medical Aesthetics Market Regional Insights
Asia Pacific region is expected to grow at an 8.5% CAGR. China, India, and South Korea all support regional growth. The availability of technologically advanced products, a growing emphasis on physical appearance, and South Korea's role as a cosmetic surgery hub are some of the major factors likely to drive regional market growth. Major regional competitors are adopting some tactics to maximize consumer penetration on the continent. For example, in December 2020, L'Oréal SA decided to purchase Takami Co, a Japanese company that develops and manufactures the Takami skincare brand, which includes Takami Whitening Cream SPF45, which may be applied to certain parts of the body. This merger aims to improve both firms' customer base, product penetration, and consumer exposure. Such growth initiatives by industry leaders will boost the region's market growth during the forecast period.
| Market Size in 2021 | USD 10.41 billion |
| Market Size in 2029 | USD 23.48 billion |
| CAGR | 10.7% (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 213 |
| No. of Tables | 110 |
| No. of Charts and Figures | 112 |
| Segment Covered | Product, End-User, and Region. |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
Global Medical Aesthetics Market Segmentation
By Product:
- Facial Aesthetic Products
- Body Contouring Devices
- Cosmetic Implants
- Hair Removal Devices
- Skin Aesthetic Devices
- Tattoo Removal Devices
- Thread Lift Products
- Physician-dispensed Cosmeceuticals and Skin Lighteners
- Physician-dispensed Eyelash Products
- Nail Treatment Laser Devices
By End-User:
- Clinics, Hospitals, and Medical Spas
- Beauty Centers
- Home Care
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Global Medical Aesthetics Market Key Competitors:
- Anika Therapeutics, Inc. (US)
- Cutera, Inc. (US)
- Sientra, Inc. (US)
- Candela Corporation (US)
- PhotoMedex, Inc. (US)
- Solta Medical, Inc. (US)
- Zimmer Biomet Holdings, Inc. (US)
- Dentsply Sirona Inc. (US)
- AbbVie (US)
- Cynosure Inc. (US)
- 3M (US)
- Merz Pharmaceuticals GmbH (Germany)
- Sinclair Pharma (UK)
- DEKA M.E.L.A (Italy)
- El.En. S.p.A. (Italy)
- Bausch Health Companies Inc. (Canada)
- YOLO Medical (Canada)
- Venus Concept (Canada)
- Galderma S.A. (Switzerland)
- GymnaUniphy (Belgium)
- Fotona D.O.O. (Slovenia-Balkans)
- Medytox (South Korea)
- Lutronic (South Korea)
- ADIN Dental Implant Systems (Israel)
- Lumenis (Israel)
- Inmode (Israel)
Key questions answered in the Global Medical Aesthetics Market are:
- What is the growth rate of the Global Medical Aesthetics Market during the forecast period?
- What is the nature of competition in the Global Medical Aesthetics industry in developed economies and developing economies?
- Which are the top five key market leaders in the Medical Aesthetics Market?
- What will be the future innovation in the Medical Aesthetics market in the upcoming six years?
- Which End-User Industry will lead the largest share of the Market?
- What are the growth drivers, restraints, and challenges of the Medical Aesthetics industry?
- What will be the CAGR and size of the Medical Aesthetics Market for the base year and forecast period?
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Key Offerings:
- Market Share, market size, its growth rates & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Product, End-User, and Region.
- Competitive Landscape – Top Key players and Other Prominent Vendors
Maximize Market Research is leading research firm, has also published the following reports:
Breast Aesthetics Market – The market size is expected to reach USD 4.36 billion by 2029, at a CAGR of 7.24 % during the forecast period. The rising number of breast surgeries across the world is the driving factor for the global breast aesthetics market growth.
Facial Aesthetics Market - The market size was valued at US$ 11.73 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 10 % during the forecast period. The Customers' increasing preference for minimally invasive and non-invasive procedures is expected to be the key driver of the facial aesthetics market during the forecast period.
Cosmetic Surgery Market - The market size was at USD 48.27 billion in 2021 and the total revenue is expected to grow at 4.50 % of CAGR during the forecast period. The Rising Disposable Income Favoring the Growth of the Cosmetic Surgery Industry is driving the market growth during the forecast period.
Nucleating and Clarifying Agents Market - The market is expected to reach USD 578.05 Million by 2029. The rising demand for nucleating and clarifying agents in the pharmaceutical sector creates a massive business potential for the main players in the market during the forecast period.
Aesthetic Medical Devices Market - The market size was valued at USD 16.82 Billion in 2021 and the total revenue is expected to grow at 12.8 % during the forecast period. The rise in the prevalence of congenital facial and dental deformities, as well as the increased awareness of aesthetic appearance, boosts the aesthetic medical devices market growth during the forecast period.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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