Inkwood Research estimates that the Global Medical Aesthetics Market is evaluated to project a CAGR of 22.68% in terms of revenue during the forecasting years of 2019-2028.
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Forecast 2019-2028.”
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Medical aesthetic devices are used for
correctional and impairment surgeries related to the aesthetic appearance of a
person. These devices also aid in tackling the malformations due to trauma,
accidents, congenital disorders, etc. The increasing advancements in
technologies, growing demands for minimally invasive surgeries, and increasing
awareness of aesthetic appearance, have increased the preference and demands
for medical aesthetics in the market.
Technological
Advancements are Boosting Market Growth
The implant market has benefited by rising
developments and innovations in the field of cosmetic surgery. Another such
development is the endoscope, which is a device inserted through an incision in
the skin. This aids in transmitting the view of underlying tissues to a TV
screen. The results procured are improved and better, but the recovery time is
said to be a bit longer in comparison to common facelifts due to swelling.
Technological advancements in the case of
aesthetic lasers have made available safe alternatives for treating several
skin-related problems. The latest development is the low-level laser, which is
utilized for non-invasive fat reduction and fat reduction procedures. In terms
of breast augmentation, recent innovations include cohesive gel implants or
gummy bear implants. This has been developed for presenting a natural-looking
augmentation, along with long-term results.
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Non-Surgical
Segment is set to register the highest CAGR
The non-surgical cosmetic procedures are
gaining traction due to its affordability and accessibility in comparison to
surgical procedures. These surgeries are thus being increasingly preferred by
common people, apart from celebrities. The commonly performed procedures are
laser hair removal, dermal fillers, microdermabrasion, and botulinum toxin
injections. Non-surgical liposuction is slowly becoming an ideal treatment for
its efficiency, since it does not entail complications of surgery.
The Asia Pacific is evaluated to record Substantial Growth Rate by 2028
The major countries contributing to the market growth of the Asia
Pacific region are India, Japan, Indonesia, Thailand, China, South Korea, etc.
The vast population base, growing patient awareness in terms of looking young
and beautiful, and increasing disposable income, are among the factors impacting
the growth rate of the region. Moreover, technological advancements and stable
medical tourism make the region a lucrative market environment. India is
considered as one of the advanced countries, when it comes to cosmetic surgical
procedures.
The market has the presence of suppliers that provide vendors with raw
materials. With many global vendors offering a varied portfolio of branded
products, the market is evaluated to be fragmented in terms of competitive
rivalry. Some of the eminent companies with an established position in the
market are Johnson & Johnson, Ipsen, Merz Pharma GmbH & Co
KGaA, Zimmer Biomet Holdings Inc, Allergan Plc, etc.
About Inkwood Research
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studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises of North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
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