Aesthetic Medicine Market Valuation to Excel $11.9 Billion by 2022: Grand View Research, Inc.

April 12 13:12 2019
Aesthetic Medicine Market Valuation to Excel $11.9 Billion by 2022: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, some key drivers of the aesthetic medicine market include growth in aging population, increasing disposable income, and increasing awareness about the efficacy of aesthetic treatments.

According to a report,“Aesthetic Medicine Market Size & Forecast by Product Type (Energy Based Devices (Aesthetic Lasers, Body Contouring Devices, Microdermabrasion Devices and Ultrasound Devices), Implants and Anti-wrinkle (Botulinum toxin/BOTOX, Dermal Fillers and Chemical Peel)), by End-use (Clinics & Beauty Centers & Home Use) And Trend Analysis From 2012 To 2022”, published by Grand View Research, Inc., The global aesthetic medicine market is expected to reach USD 11.9 billion by 2022. Some key drivers of the market include growth in aging population, increasing disposable income, and increasing awareness about the efficacy of aesthetic treatments. 

Key Takeaways from the report:

  • Anti-wrinkle products accounted for the largest market share of 50.2% in 2014 owing to high consumer awareness levels regarding product availability, affordable cost, and high efficacy rates

  • The segment is expected to maintain its dominance throughout the forecast period. Minimally invasive technique, lesser side effects, and better results are some factors that are expected to drive the anti-wrinkle market towards expedited growth

  • Botulinum toxin is one of the oldest anti-wrinkle products available in the market. Therefore, awareness about the effectiveness of this product is high as compared to other products, resulting in the segment dominating in terms of revenue share.

  • Hyaluronic acid owing to, low side effects and high efficacy rates also accounted for a large market share in 2014

  • Clinics and beauty centers, was the largest end-use segment in 2014 as majority of the techniques demand skilled professionals to perform the procedure. Moreover, stringent regulatory guidelines limit the use of high-risk devices and treatments to professionals. As a result, the clinics and beauty center segment is expected to maintain its market position throughout the forecast period.

  • Asia pacific accounted for the largest market share of around 32.5% in 2014. Growing penetration of the technologically advanced products, cheaper treatment cost, and presence of skilled professionals are some factors driving regional growth. Moreover, growing popularity of the emerging Asia Pacific countries as medical tourism hubs will boost demand over the forecast period.

  • The presence of a large target population pool in China and India between 25 to 65 years coupled with rapidly increasing disposable income and improving standards of living is spurring the demand for aesthetic medicine in this region.

  • Some key players operating in the global market include Allergan, Inc., Alma Laser, Cynosure, Galderma S.A., Lumenis, Johnson and Johnson, Solta Medical, Inc. and Syneron Medical Ltd. 

Global Aesthetic Medicine Market, By Product, 2012 – 2022 (USD Billion)

 Global Aesthetic Medicine Market, By Product, 2012 - 2022 (USD Billion)

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People aged between 25 to 65 years have prominent aging signs such as wrinkles, fine lines, and dark spots. For instance, according to the CIA World Fact Book, approximately 47.2% of the total population of China was aged between 25 to 54 years in 2014. Growth in geriatric population is likely to boost demand via widening the consumer base. 

Moreover, the need for improved aesthetics in the growing working class population is likely to boost usage rates over the forecast period. For instance, according to sources, the U.S. alone had a working population of 139.206 million in 2011. With improving employment rates especially in the emerging markets, the demand for aesthetic medicine is going to advance over the forecast period. 

However, the presence of stringent regulatory framework to ensure product safety and efficacy is one of the prime factors limiting the growth of the global aesthetic medicine market. Moreover, surgical and minimally invasive procedures require skilled professionals. This coupled with the growing overall treatment cost, is expected to restraint market growth.

Grand View Research has segmented the aesthetic medicine market on the basis of product type, end-use, and region:

Global Aesthetic Medicine Product Outlook, 2012 – 2022 (USD Million)

  • Energy Based Devices

    • Aesthetic Laser Devices

    • Body Contouring Devices

    • Microdermabrasion

    • Ultrasound

  • Implants

  • Anti-wrinkle products

    • Botulinum toxin

    • Dermal Fillers

    • Chemical Peel

Global Aesthetic Medicine End-use Outlook, 2012 – 2022 (USD Million)

  • Clinics and Beauty Centers

  • Home Use

Aesthetic Medicine Regional Outlook, 2012 – 2022 (USD Million)

  • North America

    • U.S. Aesthetic Medicine Marketby Product Type

    • Canada Aesthetic Medicine Marketby Product Type

    • U.S. Aesthetic Medicine Marketby End-use

    • Canada Aesthetic Medicine Marketby End-use

  • Europe

    • Germany Aesthetic Medicine Marketby Product Type

    • France Aesthetic Medicine Marketby Product Type

    • Germany Aesthetic Medicine Marketby End-use

    • France Aesthetic Medicine Marketby End-use

  • Asia Pacific

    • South Korea Aesthetic Medicine Marketby Product Type

    • Japan Aesthetic Medicine Marketby Product Type

    • South Korea Aesthetic Medicine Marketby End-use

    • Japan Aesthetic Medicine Marketby End-use

  • Latin America

    • Brazil Aesthetic Medicine Marketby Product Type

    • Mexico Aesthetic Medicine Marketby Product Type

    • Brazil Aesthetic Medicine Marketby End-use

    • Mexico Aesthetic Medicine Marketby End-use

  • MEA

    • South Africa Aesthetic Medicine Marketby Product Type

    • South Africa Aesthetic Medicine Marketby End-use

Explore aesthetic medicine market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

 

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