Global medical aesthetics market is projected to register a healthy CAGR of 12.1% in the forecast period of 2019 to 2026.
The Global Medical Aesthetics market report gives an analytical estimation of the most important challenges that may appear in the market with respect to sales, export/import, or revenue. The market analysis explained in the report offers an examination of a mixture of segments that are relied upon to witness the quickest development amid the estimated forecast frame. This report displays market segmentation in the most-detailed pattern as well as carries out thorough analysis of patents and major market players to provide a competitive landscape. Data collection modules with large sample sizes have been utilized in this Global Medical Aesthetics report to pull together data and execute base year analysis.
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Major Players profiled in this report:
Some of the major players operating in this global medical aesthetics market are Allergan, Bausch Health Companies Inc., Lumenis, Shanghai Fosun Pharmaceutical Group Co. Ltd., Cynosure, Syneron Medical Ltd, Aerolase Corp., A.R.C. Laser Gmbh, Asclepion Laser Technologies Gmbh, Btl, Cutera, Eclipse, Lutronic, Mentor Worldwide Llc, Merz Pharma, Quanta System, Sciton Inc., Sharplight Technologies Inc, Syneron Medical Ltd., Venus Concept.
AGING POPULATION GLOBALLY
Aging is one of the factors which are driving the global medical aesthetics market globally. The obsession of having a youthful appearance has become a common struggle in the modern society and has resulted in an increase in cosmetic procedures with the key emphasis on reducing the ageing process. The ways in which mass media has been portraying the body has a major factor contributing to this obsession.
Every medical aesthetics company no matter how big or small or which market it is covering must adhere to the regulatory requirements. The medical aesthetics is under the stringent government regulations. The manufacturers of the medical aesthetics devices and products need to go through various levels of testing before the final validation.
IMMINENT HEALTH REVOLUTION:
Standard of living in developing countries such as India, Brazil, South Africa, Thailand and many others have improved in the past one decade. People are opting different aesthetics surgeries to maintain themselves, which give them better results without any stressful physical efforts.
As per ISAPS survey, India and South Korea underwent 2,091,721 aesthetics surgeries in 2015, which is 9.65% of total surgeries done in 2015.
GROWING MEDICAL TOURISM IN ASIA:
Asia is one of the hot destinations for the medical tourist. This growth is supported by public healthcare reforms along with the demand for private medical services which have been growing in Asian countries with rising income. Thailand, India and Singapore account for almost 90.0% of medical tourism in Asia. The share represents 40-55% of the revenue of private hospitals in countries such as Malaysia, Singapore and especially Thailand. In India, medical tourism generates 25.0% of revenue, and the markets for Philippines, South Korea and Taiwan, is responsible for 10-15% of revenue. The emergence of foreign patients for the treatments is the reason for revenue generation for this region.
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