In recent years, the medical aesthetics industry has grown at an astonishing rate. Today, it is a billion dollar industry consisting of advanced products and technologies used by skilled medical professionals or aesthetic specialists for improving physical appearance of patients. The global medical aesthetic industry has witness high growth in recent years owing to growing aging population coupled with high demand for cosmetic procedures worldwide. Furthermore, increasing per capita income in developing countries such as, China, India and Brazil, is expected to further boost the market growth. Over the last few years, rapid growth in aesthetic services has offered market players the opportunity to launch new products.
The global pandemic of Coronavirus (COVID-19) has triggered stock market unpredictability, tight border controls, and worldwide lockdown, leading the aesthetic industry, as well as large companies and governments, to restock supply chains. The whole world is experiencing severe impact on social and financial sectors, and all global industries are facing challenges during the COVID-19 pandemic. The exclusive COVID-19 Impact Analysis report by Axiom MRC explores the outbreak of COVID-19, its impact on the global and regional economies, and its implications on the cosmetic sector. The report studies the effect of the pandemic on the global economy by evaluating factors like consumption, GDP, business investment, key players marketing strategies, key supply and demand-side factors, epidemiological swing factors, inventory, and governmental policies & decisions.
Medical Aesthetic Devices Market Segmental Highlights
The global medical aesthetic devices industry is analysed based on device type, application and geography. Various device type of the market are segmented into energy-based aesthetic device (laser-based aesthetic device, radiofrequency (RF) based aesthetic device, light-based aesthetic device and ultrasound aesthetic device) and non-energy-based aesthetic device. Non-energy-based aesthetic device is sub segmented into injectable (botulinum toxin, hyaluronic acid, particle & polymer fillers (PPF) and collagen), aesthetic threads, chemical peels, microdermabrasion, implants (facial implants, breast implants and other implants) and other aesthetic devices. They find applications for facial & body contouring, facial & skin rejuvenation, breast enhancement, scar treatment, reconstructive surgery, tattoo removal and hair removal. The global medical aesthetic devices market is studied across various key countries of regions such as North America, Europe, Asia Pacific and Rest of the World. North America was a lucrative region for the medical aesthetic devices market in 2019. The factor driving the North American market growth during the forecast period is the high demand for aesthetic products in the US and Canada.
The key competitors of this market include Aerolase Corp., Allergan, Plc, Alma Laser, Anika Therapeutics, Inc., BTL Aesthetics, Cutera, Inc., Cynosure Inc. (Hologic Inc.), DEKA Laser, El.En Group, Fotona, Galderma S.A. (A Nestle Company), GC Aesthetics, HansBiomed Co., Ltd, Hironic Co., Ltd., INMODE, Lumenis Ltd., Lutronic, Mentor Worldwide LLC (Johnson & Johnson Services, Inc.), Merz Pharma GmbH & Co. KGaA, Polytech Health & Aesthetics GmbH, Quanta System SpA, Sciton, Inc., SharpLight Technologies Inc, Sientra, Inc, Solta Medical, STRATA Skin Sciences, Suneva Medical, Inc., Syneron, ThermiGen, LLC, VenusConcept, Viora, and Viveve Medical among others.
Impact on Global Medical Tourism Market
Economic Impact on Raw Material/ Components Suppliers (Supply Side Analysis)
Economic Impact on End users/ Consumer (Demand Side Analysis)
The repercussion of the COVID-19 necessitates a speculative future for economies and industries. Amongst continuous and constant developments, Axiom team of experts will bring to you timely updates about the Global Economic Impact of COVID-19.
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