What are the Key Factors Contributing to Surge of Medical Aesthetics Market?

1. Advancements in Laser Technology To Escalate Medical Aesthetics © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved Demand 1

2. Medical aesthetics refers to the branch of scientific research that uses minimally invasive treatment devices and procedures, which help improve the physical appearance of an individual. This branch encompasses a wide array of treatment procedures and devices that are used to reduce fine lines and wrinkles; treat scars; rejuvenate, oxygenate and, tighten the skin; minimize fat; and eliminate stretch marks. Thus, the rising public consciousness about physical appearance will accelerate the adoption of medical aesthetic products in the forthcoming years. In addition, increasing advancements in laser technology and growing preference for non-surgical procedures over surgical procedures will help the medical aesthetics market witness a notable CAGR of 12.2% during the forecast years (2017–2023). According to P&S Intelligence, the market revenue stood at $8.6 billion in 2016 and it will reach $19.4 billion by 2023. Advancements in laser technology facilitate the recovery process and reduce the intensity of pain, owing to which the technology is being used in several aesthetic treatments, such as body contouring, skin rejuvenation, and hair removal. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/medical- aesthetics-market/report-sample In the recent past, injectables, such as dermal fillers and neurotoxin, were used in the largest quantity due to the surging need for botulinum toxin worldwide. In the coming years, energy-based aesthetics will be consumed in extensive volume, due to the rising need for laser and radiofrequency devices. Additionally, customers are also using topicals, such as gels and creams, and breast implants, such as saline implants and silicone implants, to improve their physical appearance. The end user segment of the medical aesthetics market is classified into spas and salons, beauty clinics and centers, hospitals, and others. Under this segment, the beauty clinics and centers category accounted for the largest market share in 2016, owing to the mounting disposable income of people. For instance, the Reserve Bank of India (RBI) reveals that the gross national disposable income of India surged from INR 1,73,15,933 crore in the financial year (FY) 2017–2018 to INR 1,92,37,943 crore in the FY 2018–2019. Currently, the aforementioned end users are using medical aesthetic products manufactured by several players, such as Allergan plc., Merz GmbH & Co. KGaA, Lumenis ltd., Valeant Pharmaceuticals International Inc., Merz North America, Hologic Inc., Johnson & Johnson, Nestle Skin Health S.A., Cutera Inc., and Alma Lasers Ltd. At present, these companies are focusing on acquisition and collaboration to provide better medical aesthetics solutions for their existing and potential customers. For example, in December 2016, Allergan Plc. completed 2 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

3. the acquisition of LifeCell to combine its medical aesthetics business with the regenerative medicine business of the latter. Geographically, the North American region holds the largest share in the medical aesthetics market, wherein the U.S. accounts for a larger revenue share. The dominance of this region can be credited to the presence of established market players and the entry of numerous market players in the U.S. and Canada. New and established players in the region are constantly focusing on innovation in aesthetic procedures, owing to which the demand for medical aesthetic products is escalating exponentially in regional countries. Therefore, the rising public consciousness on physical appearance and the surging technological advancements in laser technology will amplify the usage of medical aesthetic products in the foreseeable future. The research offers historical market size of the global medical aesthetics marketfor the period 2013 – 2016 and market forecast for the period 2017 – 2023. GLOBAL MEDICAL AESTHETICS MARKET, BY PROUCT Injectables • oNeurotoxin oDermal fillers Topicals • oCreams oGels oOthers Energy-based aesthetics • oLaser oLight-based oRadiofrequency oUltrasound Breast implants • oSilicone implants oSaline implants Others GLOBAL MEDICAL AESTHETICS MARKET, BY END USER Beauty clinics & centres Spas & salons Hospitals Others • • • • • 3 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

4. GLOBAL North America Medical Aesthetics Market By Product By End User By Country - The U.S. and Canada Europe Medical Aesthetics Market By Product By End User By Country – Germany, France, the U.K., Italy, Spain and Rest of Europe Asia-Pacific Medical Aesthetics Market By Product By End User By Country –China, Japan, India and Rest of Asia-Pacific Latin America Medical Aesthetics Market By Product By End User By Country – Brazil, and Rest of Latin America Middle East & Africa Medical Aesthetics Market By Product By End User MEDICAL AESTHETICS MARKET, BY GEOGRAPHY • • • • • • • • • • • • • • 4 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

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