The global medical aesthetics market is estimated to grow at a CAGR of 10.8% during 2016 to 2021 and reach USD 13.29 Billion.
Growing adoption of minimally invasive and non-invasive aesthetic procedures, aging population, technological advancements in energy-based medical aesthetic devices, increasing demand for aesthetic treatments among the male population and availability of user friendly aesthetic devices are the key factors fuelling the growth of the medical aesthetics market. However, stringent safety regulations for aesthetic procedures and social stigma associated with these treatments are some of the key restraints hampering the growth of the market.
Asia-Pacific and Latin America represents attractive destinations for companies offering medical aesthetic products owing to growing medical tourism, rising middle class with increasing disposable income, and growing awareness about aesthetic specialties. In addition, the presence of a large number of surgeons in these emerging countries is contributing to the growth of the medical aesthetics market. For instance, Brazil ranked second (followed by China) in terms of the number of plastic surgeons in 2010 (Source: International Society of Aesthetic Plastic Surgeons).
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A combination of bottom-up and top-down approaches was used to calculate the market sizes and growth rates of the medical aesthetics market and its subsegments. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. Primary interviews with key opinion leaders were also used to determine the percentage shares of each product across the globe. The report provides qualitative insights about growth rates and market drivers for all subsegments. It maps market sizes and growth rates for each subsegment and identifies segments poised for rapid growth in each geographic segment.
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