Medical Aesthetics Market Explores New Growth Opportunities

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Global Medical Aesthetics Market to Witness 12.2
CAGR during 2017 2023
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Medical Aesthetics Market
According to a new market research report Global
Medical Aesthetics Market Size, Share,
Development, Growth and Demand Forecast to 2023 -
Industry Insight by Product (Injectables,
Topicals, Energy-Based Aesthetics, Breast
Implants, Others), by End User (Beauty Clinics
Centers, Spas Salons, Hospitals, Others)
published by PS Market Research, the global
medical aesthetics market is projected to reach
19,419.7 million by 2023, growing at a CAGR of
12.2 during 2017 - 2023. Access Report Overview
https//www.psmarketresearch.com/market-analysis/m
edical-aesthetics-market
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Medical Aesthetics Market
Global medical aesthetics market worth 8,629.9
million in 2016
According to the study, the global medical
aesthetics market is likely to grow from 8.6
billion in 2016 to 19.4 billion by 2023.
Advancement in laser technology, growing
awareness among consumers, and health benefits of
medical aesthetics procedures have been driving
the global medical aesthetics market. The market
is further expected to gain revenue due to shift
in the preference from surgical to non-surgical
procedures. There has been a significant growth
in non-surgical medical spa procedures in the
recent years, resulting from better technologies,
such as intense pulsed light and advanced laser
based aesthetics equipment.
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Medical Aesthetics Market
Insights on market segments
As per the findings of research, injectables held
the largest share in the global market in 2016,
primarily due to high sales of botulinum toxin.
Topicals, the second largest medical aesthetics
product segment, witnessed the highest growth
during 2013 2016. The highest growth of
topicals is attributed to their ability to treat
several skin conditions without any usage of
uncomfortable procedures. Beauty clinics and
centers was the largest end user of the global
medical aesthetics market in 2016., followed by
spas and salons.
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Medical Aesthetics Market
North America stands as the largest medical
aesthetics market
Geographically, North America has been the
largest market for medical aesthetics, with the
U.S. being the largest contributor to the
regional market. North America is considered as
the platform for innovation in aesthetics
procedures, since a majority of established and
upcoming market players are either headquartered
or have a significant geographical presence in
the region. The emerging economies of
Asia-Pacific, especially China and India, are
expected to grow tremendously in future, which
will make Asia-Pacific the second largest market
in the coming years. Asia-Pacific is expected to
outpace Europe in in terms of medical aesthetics
market size by 2020.
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Medical Aesthetics Market
Advancement in laser technology expected to have
high impact on the medical aesthetics market
There have been many technological innovations
and advancements taking place in the medical
aesthetics market. The latest advancements in the
laser technology have led to an increased number
of its applications in medical aesthetics. These
advancements in laser provide benefits such as,
small incisions, decrease in the intensity of
pain and fast recovery after the procedure. There
has been a notable increase in the application of
laser technology for various aesthetic
treatments, such as hair removal, skin
rejuvenation and body contouring, which is
bolstering the global medical aesthetics market.
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Medical Aesthetics Market
Key players in the medical aesthetics market
actively seeking acquisitions
The medical aesthetics market has witnessed
number of mergers and acquisitions and strategic
alliances recently. In December 2016, Allergan
Plc. acquired LifeCell, a medicine company of
Acelity L.P. Inc., for a cash consideration of
2.9 billion. The acquisition is expected to
combine LifeCells business of regenerative
medicines with Allergans medical aesthetics
business. Allergan aims to strengthen its
presence in regenerative medicine business with
this acquisition. In April 2016, the company also
acquired Topokine Therapeutics, a private company
developing topical medicines for fat reduction,
for a total consideration of 85.0 million.
Topokine Therapeutics XAF5 is in late-stage
development for the treatment of
steatoblepharon. Some of the other key players in
the market include Allergan Plc, Valeant
Pharmaceuticals International, Inc., ZELTIQ
Aesthetics, Inc., Johnson Johnson, Cutera Inc.,
Alma Lasers Ltd., Merz GmbH Co. KGaA, Galderma
S.A., Syneron Medical Ltd., Cynosure, Inc.,
Photomedex, Inc. and Lumenis Ltd.
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Medical Aesthetics Market
Download report sample at
https//www.psmarketresearch.com/market-analysis/m
edical-aesthetics-market/report-sample
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