Medical
aesthetics is an area of medicine, dealing with aesthetics,
well-being, external appearance, visible skin changes, and image of
the patient. Medical aesthetics involve high-technology skin care
procedures that represents the fusion of beauty and healthcare
services. Procedures for these involves use of advanced technologies
to enhance aesthetics of the person. Demand for anti-aging products
and procedures is increasing significantly, owing to increasing focus
of patients to look young and improve their appearance, especially by
people aged 50 years and above.
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Medical
Aesthetics Market: Market Dynamics
Increasing
surgical procedures for enhancing personal appearance is a major
driver for the global medical aesthetics market growth. For instance,
according to International Society of Aesthetic Plastic Surgery
(ISAPS), in 2015, women had over 18 million non-surgical and surgical
procedures performed, that is around 85.6% of the total aesthetic
procedures performed worldwide. The top five surgical procedures
performed on women in 2015 were: breast augmentation, liposuction,
eyelid surgery, abdominoplasty, and rhinoplasty. Furthermore, men had
over 3 million non-surgical and surgical procedures, comprising
around 14.4% of the total. The top five surgical procedures performed
on men were: eyelid surgery, liposuction, gynecomastia surgery,
rhinoplasty, fat grafting, and ear surgery. Male patients are
increasingly focusing on undergoing aesthetic procedures, owing to
better results with reduced downtime and discomfort. According to
another ISAPS report, Botulinum Toxin continues to be the most common
form of procedure, women and men undergo. A total number of over 4.6
million procedures are conducted on both the sexes of Botulinum
Toxin. Procedures of Hyaluronic acid increased 6.5% from 2014 to
2015, whereas breast augmentation continues to be the most common
surgical procedure among women with a 10.4% rise from 2014 and eyelid
surgery is prevalent among men.
Medical
Aesthetics Market: Regional Insights
Regional
segmentation of medical aesthetics market by Coherent Market
Insights, includes North America, Latin America, Europe, Asia
Pacific, Middle East, and Africa. North America medical aesthetics
market is expected to hold a dominant position, due to increasing
aesthetic procedures in the region. According to American Society for
Aesthetic Plastic Surgery, the number of medical aesthetics
procedures performed in the U.S. has significantly increased. In
2016, people in the U.S. invested over US$ 15 billion on combined
non-surgical and surgical procedures, with non-surgical accounting
for 44% of all the procedures.
Medical
Aesthetics Market: Competitive Analysis
Major
players operating in the medical aesthetics market include Cynosure,
Inc., Allergan, Inc., Alma Lasers, Ltd., Mentor Worldwide LLC,
Lumenis Ltd., ZELTIQ Aesthetics, Inc., PhotoMedex, Inc., Galderma
S.A., Syneron Medical, Ltd., and Solta Medical, Inc. The industry is
fragmented and highly competitive in nature with many local players
competing with international players.
Medical
Aesthetics Market: Market Taxonomy
On
the basis of products, the medical aesthetics market is segmented
into:
•
Breast Implants
•
Facial Aesthetics
•
Laser Hair Removal Devices
•
Physician-Dispensed Cosmeceuticals and Skin Lighteners
•
Tattoo Removal Devices
•
Physician-Dispensed Eyelash Products
•
Laser Resurfacing Devices
•
Thread Lift Products
•
Fat Reduction Devices
On
the basis of end user, the medical aesthetics market is segmented
into:
•
Beauty Centers
•
Clinics and Medical Spas
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