Global Medical Aesthetic Devices Industry Outlook
The global medical aesthetic devices market size is expected to reach USD 34.54 Billion in 2030 and register a revenue CAGR of 11.08% over the forecast period, according to latest report by Reports and Data. Continuously increasing Research & Development (R&D) of more advanced, safer, and cost-effective medical aesthetic devices is driving market revenue growth.
Medical aesthetic devices consist of all medical equipment used for improving patient's physical appearance and features by using non-invasive or minimally invasive cosmetic procedures. Medical aesthetic devices are not limited to dentists, dermatologists, and plastic surgeons, since doctors of different specialties aim to address their patients' aesthetic needs and preferences. These devices are used for body beautification, correction, and improvement procedures, such as plastic surgeries, unwanted hair removal, excess fat removal, anti-aging, aesthetic implants, and skin tightening, among others. Some applications are conducted under local anesthesia, while others are performed without any anesthetics.
The global pharma & healthcare market report points out the key trends and developments taking place in this business space in the ongoing COVID-19 times. According to market experts, the pandemic has turned this industry upside down, with an unprecedented rise in demand and acute supply shortage. The report clearly depicts the current global economic landscape and the considerable situation of the healthcare industry. A substantial increase in demand for healthcare services worldwide, rising cases of the SARS-CoV-2 infection, increasing pharmaceutical research & development activities, and new drug pipelines are among the key factors that have driven the global pharma & healthcare industry growth in the recent past. Growing acceptance of telehealth and telemedicine services, rise in government initiatives for COVID-19 vaccine development, and escalating demand for advanced point-of-care diagnostics and home healthcare products have further bolstered the industry growth.
In-depth Study of the Competitive Landscape:
The global Medical Aesthetic Devices market consists of various market players, which make this business sphere highly competitive. In this section of the report, the authors have provided authentic information on product portfolios, new product innovations, technological capabilities, and product pricing strategies of each of these players. Moreover, it discusses the key strategies implemented by these players, such as mergers & acquisitions, joint ventures, collaborations, partnerships and agreements, to build on their market presence.
Top companies profiled in the report include:
Allergan Aesthetics, Alma Lasers, Anika Therapeutics, Inc. Cutera, Cynosure, El.En. S.p.A, Mentor Worldwide LLC, Merz Pharmaceuticals, LLC, Fontona, and GALDERMA Laboratories, L.P.
Key Market Regions Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Application Outlook (Revenue, USD Billion; 2019–2030)
- Skin Resurfacing and Tightening
- Body Contouring
- Cellulite Reduction
- Hair Removal
- Facial Aesthetic Procedures
- Breast Augmentation
- Others
End-use Outlook (Revenue, USD Billion; 2019–2030)
- Clinics
- Hospitals
- Home Settings
Frequently asked questions addressed in the report:
- What is the revenue growth rate of the global Medical Aesthetic Devices market over the forecast period?
- What are the major factors driving the growth of the Global Medical Aesthetic Devices Market?
- What are the key challenges impacting the global Medical Aesthetic Devices market growth?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?
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