Medical Aesthetics Market Segmentation, Growth, Trend, Opportunity and Demand Forecast to 2023
Developments in the laser technology and rising awareness on the same among consumers are two of the major factors contributing to the growth of the medical aesthetics market.
By: P&S Intelligence
On the basis of product, the medical aesthetics market (http://bit.ly/
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Based on end user, the medical aesthetics market is mainly classified into spas & salons, beauty clinics & centers, and hospitals. Among these, during 2013–2015, beauty clinics & centers led the market in terms of revenue, and these are expected to continue leading it during the forecast period. This is ascribed to the fact that the majority of aesthetic treatments are done at these centers. They provide various treatments, including wrinkle treatment, scar removal, and body enhancements, wherein medical aesthetics products, particularly dermal filters and neurotoxins, are required.
According to the American Society for Aesthetic Plastic Surgery, in 2012, approximately 43.0% of the population aged between 31 and 45 years went for one or more cosmetic surgeries to retain the youth and overcome the natural aging process's impacts. In addition, factors such as the growing acceptance of cosmetic surgeries and desire to look younger are encouraging even the male population to go for such treatments. The surging awareness on newly launched and existing aesthetics devices is boosting the demand for these products, leading to the growth of the market.
Thus, the increasing awareness on medical aesthetics products and developments in the laser technology are augmenting the market advance further.