Medical Aesthetics Market Growth Analysis by Drivers, Restraints, Opportunities, and Challenges
Drivers
The growing adoption of minimally invasive and noninvasive aesthetic procedures, rising adoption among geriatric individuals, increasing public awareness about cosmetic procedures, the availability of technologically advanced & user-friendly products, and the increasing demand for aesthetic treatments among men are the key factors driving the growth of medical aesthetics market
Restraining Factor
On the other hand, market growth is limited to a certain extent by factors such as the clinical risks and complications associated with medical aesthetic procedures and the increasing availability and adoption of alternative beauty and cosmetic products.
Product launches, enhancements, and product approvals are the key growth strategies adopted by major players to strengthen their position in the global medical aesthetics market. In addition, strategies such as agreements, partnerships, and collaborations; acquisitions; and expansions were also adopted by several market players to remain competitive in the market.
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Top Key Players
Allergan, plc (Ireland), Alma Lasers, Ltd. (Israel), Anika Therapeutics (US), Cutera, Inc. (US), Cynosure (US), El.En. S.p.A. (Italy), Fotona d.o.o. (Slovenia), Nestlé S.A. (Switzerland), Johnson & Johnson (US), Merz Pharma GmbH & Co. KGaA (Germany), Medytox, Inc. (South Korea), Sientra, Inc. (US), Sinclair Pharma PLC (UK), Syneron Medical, Ltd. (US), and Valeant Pharmaceuticals International, Inc. (US) are some of the key players operating in the global medical aesthetics market
The global medical aesthetics market is projected to reach USD 17.07 billion by 2023 from USD 9.42 billion in 2017, at a CAGR of 10.6%
Objectives of the Study
To define, describe, and forecast the global medical aesthetics market, by product, end user, and region
To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, growth opportunities, and challenges)
To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for market leaders
To forecast the size of the market segments with respect to four main regions - North America (the US and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific), and the Rest of the World (Latin America, the Middle East, and Africa)
To profile key market players and comprehensively analyze their market shares and core competencies
To track and analyze competitive developments such as product developments, enhancements, and product approvals; acquisitions; partnerships, agreements, and collaborations; and expansions in the global medical aesthetics market
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