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Global Medical Aesthetic Devices Market Soars at CAGR of 9% 2016-2024 as Consumer Seek Anti-aging Solutions

Press release Description

Albany, New York, February 28, 2017: Market Research Reports Search Engine (MRRSE) has recently announced the addition of a new research report to its resourceful repository. The publication is titled “Medical Aesthetic Devices Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.” The study of the global medical aesthetic devices market presents a fair case of the market dynamics influencing its trajectory. It also includes an assessment of its segments and the factors that are impacting their growth.

According to Transparency Market Research, the global medical aesthetic devices market is expected to be worth US$15.1 bn in 2024 from US$6.5 bn in 2015. The market is projected to expand at a CAGR of 9.0% between 2016 and 2024. The market will be predominantly driven by the growing preference of consumers toward aesthetic procedures to avoid social stigmas and a blow to one’ self-confidence. The market is also being fueled by the increasing uptake of laser-based devices, increasing adoption of minimally invasive and non-invasive surgeries, and rising demand for reconstructive surgeries.

Out of the various products, the demand for aesthetic laser and energy devices is expected to significantly higher than the others. The tremendous scope of application of these devices is expected to drive the segment’s growth in the coming years. For instance, these devices are used for skin rejuvenation, tattoo removal, and pigmented lesions removal. Analysts anticipate that aesthetic laser and energy devices segment will lead the way during the forecast period as the demand for noninvasive treatments continues to be on the rise.

Geographically, the global medical aesthetic devices market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. Of these, North America medical aesthetic devices market is expected dominate the global market due to higher disposable income of patients and increasing expenditure on healthcare. Furthermore, strong presence of vendors in the regional market along with innovation in medical aesthetic devices are also expected to work in favor of this regional market. Higher awareness amongst patients about the anti-aging treatments has also created a considerable demand for medical aesthetic devices in North America.

Some of the leading players operating in the global medical aesthetic devices market are Allergan plc, Alma Lasers (Fosun Pharmaceutical Co., Ltd.), Cutera, Inc., Galderma S.A. (Nestle), Cynosure, Inc., Lumenis Ltd., Merz, Inc., Mentor Worldwide LLC (Johnson & Johnson), Solta Medical, Inc., ZELTIQ Aesthetics, Inc., and Syneron Medical Ltd. The research assesses these companies and provides a complete analysis of the competitive landscape present in the global market. Furthermore, it also presents a valuable insight on the financial outlook of these companies, their merger and acquisition strategies, and expansion plans for the near future. The report includes a Porter’s five forces analysis that highlights the intensity of the competitive rivalry present in the overall market.

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