Medical Aesthetics Market is projected to reach USD 25.6 billion by 2027 from USD 10.3 billion in 2018, at a CAGR of 10.6%
Driving Factors
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 and user-friendly products, and the increasing demand for aesthetic treatments among men are the key factors driving the growth of the medical aesthetics market during the forecast period.
Geographically, this market is divided into North America, Europe, Asia Pacific, and the RoW. North America is expected to account for the largest share of the global medical aesthetics market in 2018, and this trend is expected to continue during the forecast period. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period.
Target Audience
- Manufacturers, Suppliers, and Providers of Medical Aesthetic Products
- Academic and Private Research Institutes
- Medical Aesthetics Service Providers
- Hospitals and Clinics
- Beauty Centers and Spas
- Research Organizations
- Market Research and Consulting Firms
Strategic analysis of the market developments between 2015 and 2018 revealed that growth strategies such as product launches, enhancements, and approvals; acquisitions; agreements, partnerships, and collaborations; and expansions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the medical aesthetics market. Among these business strategies, product launches, enhancements, and approvals and agreements, partnerships, and collaborations were the two most-widely adopted growth strategies.
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