Significant Growth Opportunities in Medical Aesthetics Market

Drivers


                1 Growing Adoption of Minimally Invasive and Noninvasive Aesthetic Procedures
                2 Rising Adoption Among Geriatric Individuals
                3 Increasing Public Awareness About Cosmetic Procedures
                4 Availability of Technologically Advanced and User-Friendly Products
                5 Increasing Demand for Aesthetic Treatments Among Men

Restraints

  1 Clinical Risks and Complications Associated With Medical Aesthetic Procedures
                 2 Increasing Availability and Adoption of Alternative Beauty and Cosmetic products

Opportunities

1 Emerging Markets
                 2 Development of Low-Cost Medical Aesthetic Devices
                 3 Growing Adoption of Home-Use Aesthetic Devices
                4 Increasing Disposable Incomes and the Expanding Middle-Class
Populations.


Challenges

        Social and Ethical Issues Associated With Cosmetic Treatments

   

The global medical aesthetics market is projected to reach USD 17.07 billion by 2023 from USD 9.42billion in 2017, at a CAGR of 10.6% during the forecast period

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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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