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.
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Asia-Pacific and Latin America is an attractive destination for companies offering medical esthetic products. In addition, the presence of a large number of surgeons in 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).
A combination of bottom-up and top-down approaches is used to calculate the market 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. Extensive detail, verified by primary research, and analyzed by the final report. Primary interviews with key opinion leaders were thus used to determine the percentage of shares across the globe. The report provides qualitative insights about growth rates and market drivers for all subsegments.
The product segments in the medical aesthetics market are dominated by various players, depending on their core competencies. In 2015, Syneron Medical Ltd., Cynosure Inc., and Solta Medical, Inc. were the top three companies in the global energy-based devices market. Moreover, Allergan, Inc., Galderma SA, and Merz Aesthetics, Inc. were the leading players in the global facial aesthetics market, in 2015. The breast implants market was dominated by Allergan, Inc. and Mentor Corporation in 2015.
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