The market for medical aesthetic devices presently accounts for a relatively small share in the global market for medical devices. However, the rising cultural acceptance of aesthetic procedures, increasing consciousness about appearance among the global population, and rising disposable incomes are driving the increased demand for aesthetic procedures globally. The mounting global population of geriatrics is also driving the increased demand for aesthetic procedures across the globe.
Browse the full Global Medical Aesthetic Devices Market Report:http://www.mrrse.com/medical-aesthetics
These factors are collectively stimulating the demand for medical aesthetic devices. The excellent growth prospects of the global medical aesthetic devices have compelled many medical devices companies to invest in this niche sector and the market is seeing the increased influx of a host of innovative and highly effective products. According to a recent report to have featured in the market research report portfolio of Market Research Reports Search Engine (MRRSE), the global medical aesthetic devices market will exhibit a promising 9.9% CAGR from 2016 through 2024. The market is expected to rise from a valuation of US$6.5 bn in 2015 to US$15.1 bn by 2024.
Aesthetic Laser and Energy Devices to Account for Massive Chunk in Global Market’s Revenue
The global market for medical aesthetic devices holds skin tightening and body contouring devices, aesthetic laser and energy devices, facial aesthetic devices, and aesthetic implants as the key segments in terms of the product varieties commonly available in the global market presently. Of these, the segment of aesthetic laser and energy devices presently dominates, chiefly owing to the vast scope of applications of these devices across a number of aesthetic procedures and their higher level of effectiveness as compared to other product varieties. The segment accounted for a massive 30.6% of the overall market in 2015 and is expected to remain one of the key contributors to the revenue of the global market throughout the forecast period.
The rising demand for non-invasive procedures has significantly fueled the global demand for laser and energy devices. Owing to this trend, companies in the aesthetic devices market are seeing laser and energy devices as a crucial addition to their offerings and are fueling research and development activities in the area. To further the rate of adoption of these devices, a number of companies are also offering deals such as vendor financing and leasing to help end-use sectors adopt these devices with limited upfront investment.
North America to Retain Dominance in Near Future
In terms of geography, the global medical aesthetic devices market is presently dominated by North America, which accounted for a massive 43% in the global market in 2015. The region is expected to retain its position as one of the key contributors to the revenue of the global market over the report’s forecast period as well. The regional market will be chiefly driven by the presence of a large number of some of the global market’s leading manufacturers of medical aesthetic devices.
Browse the full Press Release of Global Medical Aesthetic Devices Market at :http://www.mrrse.com/medical-aesthetics-market
The region has also remained at the forefront of innovation in aesthetic procedures and enjoys a huge consumer base. With its youth-oriented culture and open acceptance of anti-ageing and skin rejuvenation products and procedures, North America will continue to account for a massive chunk in the revenue of the global medical aesthetic devices market over the next few years as well.