|Medical Aesthetic Devices Market by Product (Devices and Aesthetic Implants), Application (Surgical and Non-surgical), and End User (Hospitals & Clinics, and Medical Spas & Beauty Centers) – Global Opportunity Analysis and Industry Forecast, 2017-2023|
|Medical aesthetic devices are used to treat and enhance the aesthetic appearance of a person by treatment of various conditions, such as skin laxity, excessive fat, cellulite, scars, moles, wrinkles, unwanted hair, liver spots, spider veins, and skin discoloration. Aesthetic medicine comprises surgical and non-surgical procedures, and a combination of both can be used to enhance the physical appearance of an individual. In addition, deformities caused due to accidents, trauma, and other congenital disorders are rectified by use of aesthetic devices (particularly implants)
The global medical aesthetic devices market was valued at $9,235 million in 2016, and is expected to reach at $17,992 million by 2023, growing at a CAGR of 10.0% from 2017 to 2023. The market is driven by high demand for minimally invasive and non-invasive reconstruction surgeries, technological advancements, growth in incidence of congenital face and tooth deformities, and increase in awareness about aesthetic appearance. However, high treatment cost, low reimbursements, and risk of malfunctions linked to implants hamper the market growth. Growth opportunities that are expected to lead to market expansion comprise growth of medical tourism, increase in preference for a better quality of life, and adoption of aesthetic procedures to enhance physical appearance.
The report segments the market based on product, application, end user, and region. The product category includes devices and aesthetic implants. Medical aesthetic devices are applicable in both surgical as well as non-surgical cosmetic procedures in hospitals & clinics and medical spas & beauty centers. Based on region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Colombia, Saudi Arabia, and rest of LAMEA).
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The study provides an in-depth analysis of the market, with current trends and future estimations to elucidate the imminent investment pockets.
KEY MARKET SEGMENTS
BY END USER
Hospitals & Clinics
LIST OF KEY PLAYERS PROFILED IN THE REPORT
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request)
Zeltiq Aesthetics Inc.
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Kritarth Arun (Marketing & Sales)
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