The Medical Aesthetics Devices market is expected to reach USD 9.6 Billion by 2021 owing to increasing number of R&D Activities.
Hyderabad, India -- (SBWIRE) -- 01/22/2018 -- The report "Medical Aesthetics Devices Market by Product Type (Energy Based Devices (Aesthetic Laser Devices, Body Contouring Devices, Microdermabrasion and Ultrasound), Implants and Anti-Wrinkle Products (Botulinum toxin, Dermal Fillers and Chemical Peel)) by Procedures (Cosmetic Procedures (Minimally Invasive and Surgical Procedures) and Reconstruction Procedures) by End Users (Home Use and Clinics and Beauty Centres) - Forecast to 2021", The Medical Aesthetics Devices market is expected to reach USD 9.6 Billion by 2021 from an estimated USD 5.8 Billion in 2016, at a CAGR of 10.6%. The key factors such as growth in the number of R&D activities, advances in technology and rising awareness about signs of obesity and accessibility to these devices.
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By products, the energy based devices segment accounted for the largest share of the market in 2016
On the basis of products, the Medical Aesthetics Devices market has been segmented into Energy based devices, implants and anti-wrinkle products. Energy based devices are further sub-segmented into Aesthetic Laser Devices, Body Contouring Devices, Microdermabrasion and Ultrasound. Also, anti-wrinkle sector is further divided into Botulinum toxin, Dermal Fillers and Chemical Peel. In 2016, the energy based devices segment is expected to account for the largest share of the global Medical Aesthetics Devices market. The anti-wrinkle segment, on the other hand, is expected to be the fastest-growing segment during the forecast period. Growth in this segment is mainly driven by the increase in Medical Aesthetics Devices awareness among the populace.
By procedure, the cosmetic segment accounted for the largest share of the market in 2016
On the basis of procedure, the Medical Aesthetics Devices market has been segmented into cosmetic procedures and reconstruction procedures. Cosmetic procedures are of two kinds minimally invasive and surgical procedures. The minimally invasive segment holds the largest market share,
On the basis of end users the market is segmented into home use, clinics, and beauty centres, Clinics accounted for the largest market share in 2016 with home use expected to grow the fastest.
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Asia Pacific dominated the market in 2016
Asia Pacific accounted for the largest share of the Medical Aesthetics Devices market in 2016, followed by Europe. The large share of the Medical Aesthetics Devices market in Asia Pacific can be attributed to the growth in technology, growing disposable incomes, and the growing number of procedures being performed in the developing economies of India and China and also in seasoned markets like South Korea and Japan.
The various players in the Medical Aesthetics Devices market include Allergan, Cynosure, Johnson & Johnson, LCA Pharmaceutical, Galderma Pharma, Solta Medical, Cutera, Focus Medical, Human Med Ag, Genzyme Corporation, Alcon Inc. and Alma Lasers.
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