Medical Aesthetics Market to Reach $19.4 Billion by 2023: P&S Market Research

| Source: P&S Market Research

NEW YORK, July 19, 2017 (GLOBE NEWSWIRE) -- According to a new market research report “Global Medical Aesthetics Market Size, Share, Development, Growth and Demand Forecast to 2023 - Industry Insight by Product (Injectables, Topicals, Energy-Based Aesthetics, Breast Implants, Others), by End User (Beauty Clinics & Centers, Spas & Salons, Hospitals, Others)” published by P&S Market Research, the global medical aesthetics market is projected to reach $19,419.7 million by 2023, growing at a CAGR of 12.2% during 2017 - 2023.

Browse Detailed Information on Medical Aesthetics Market:

According to the study, the global medical aesthetics market is likely to grow from $8.6 billion in 2016 to $19.4 billion by 2023. Advancement in laser technology, growing awareness among consumers, and health benefits of medical aesthetics procedures have been driving the global medical aesthetics market. The market is further expected to gain revenue due to shift in the preference from surgical to non-surgical procedures. There has been a significant growth in non-surgical medical spa procedures in the recent years, resulting from better technologies, such as intense pulsed light and advanced laser based aesthetics equipment.

Geographically, North America has been the largest market for medical aesthetics, with the U.S. being the largest contributor to the regional market. North America is considered as the platform for innovation in aesthetics procedures, since a majority of established and upcoming market players are either headquartered or have a significant geographical presence in the region. The emerging economies of Asia-Pacific, especially China and India, are expected to grow tremendously in future, which will make Asia-Pacific the second largest market in the coming years. Asia-Pacific is expected to outpace Europe in in terms of medical aesthetics market size by 2020.

Request for Report Sample at:

The medical aesthetics market has witnessed number of mergers and acquisitions and strategic alliances recently. In December 2016, Allergan Plc. acquired LifeCell, a medicine company of Acelity L.P. Inc., for a cash consideration of $2.9 billion. The acquisition is expected to combine LifeCell’s business of regenerative medicines with Allergan’s medical aesthetics business. Allergan aims to strengthen its presence in regenerative medicine business with this acquisition. In April 2016, the company also acquired Topokine Therapeutics, a private company developing topical medicines for fat reduction, for a total consideration of $85.0 million. Topokine Therapeutics’ XAF5 is in late-stage development for the treatment of steatoblepharon.

Some of the other key players in the market include Allergan Plc, Valeant Pharmaceuticals International, Inc., ZELTIQ Aesthetics, Inc., Johnson & Johnson, Cutera Inc., Alma Lasers Ltd., Merz GmbH & Co. KGaA, Galderma S.A., Syneron Medical Ltd., Cynosure, Inc., Photomedex, Inc. and Lumenis Ltd.

Browse Related Research

Diagnostic Imaging Market

The global diagnostic imaging market is growing at a significant rate, due to growing geriatric population, increasing prevalence of chronic diseases, such as cancer, and lung diseases, increasing awareness about early diagnosis, and increasing healthcare expenditure and increasing government funds and grants. In addition, the improving healthcare infrastructure in developing countries, and technological advancement and widespread application of diagnostic imaging devices are also driving the growth of the global diagnostic imaging market.

Patient Handling Equipment Market

The global patient handling equipment market is growing at a significant rate due to growing geriatric population, increasing prevalence of chronic diseases and increasing healthcare expenditure. The advancement in technology has further led to the development of easy to handle and powered patient handling equipment. In addition, the improving healthcare infrastructure in developing countries such as China and India, and increasing risk of injuries to caregivers during patient handling are also driving the growth of the global patient handling equipment market.

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Kundan Kumar
Manager – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-Free: +1-888-778-7886 (USA/Canada)

Connect with us: LinkedIn | Twitter | Google + | Facebook