As per this study the Global Medical Aesthetics Device Market was valued USD 13.05 BN (by revenue) in 2022 and is anticipated to reach USD 22.26 BN by 2030 with a CAGR of 6.9%.
The medical aesthetic devices are used to perform therapies and treatment to enhance the body aesthetics. It involves advanced technique that is a blend of healthcare and beauty services to get rid off skin laxity, cellulite, scars, wrinkles, and other related issues. It also involves implantation of artificial body parts and surgeries to enhance the beauty of the patient.
Market Dynamics
Rising cases of road accidents, trauma injuries have generated high demand for reconstructive surgeries. Emergence of technologically advanced products with growing demand for minimally invasive surgeries is further fueling the growth of this market. Moreover, rise in disposable income is generating high demand for cosmetic surgeries. This is also favoring the market growth. Despite of this, high cost of the procedure with higher risk of malfunction is likely to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of medical aesthetics device.
Market Segmentation
The broad medical aesthetics device market has been sub-grouped into product, application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Application
- Facial & Skin Rejuvenation
- Facial & Body Contouring
- Breast Enhancement
- Scar Treatment
- Reconstructive Surgery
- Tattoo Removal
- Hair Removal
By Product
- Aesthetic Skin Tightening & Body Contouring Devices
- Laser & Energy Devices
- Aesthetic Implants
- Facial Aesthetic Devices
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for medical aesthetics device in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Medical Aesthetics Device Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Medical Aesthetics Device market include Lumenis Ltd, Mentor Worldwide LLC, Merz Inc, Alma Lasers, Allergan plc, Cutera Inc, Galderma S.A., Cynosure Inc, Syneron Medical Ltd, Solta Medical Inc, ZELTIQ Aesthetics Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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