The global aesthetic medicine
market is
expected to reach USD 11.9 billion by 2022, according to a new
report by Grand View Research, Inc. Some key drivers of the market include
growth in aging population, increasing disposable income, and increasing
awareness about the efficacy of aesthetic treatments.
People aged between 25
to 65 years have prominent aging signs such as wrinkles, fine lines, and dark
spots. For instance, according to the CIA World Fact Book, approximately 47.2%
of the total population of China was aged between 25 to 54 years in 2014.
Growth in geriatric population is likely to boost demand via widening the
consumer base.
For instance, according
to sources, the U.S. alone had a working population of 139.206 million in 2011.
With improving employment rates especially in the emerging markets, the demand
for aesthetic medicine is going to advance over the forecast period.
View summary of this
report @ http://www.grandviewresearch.com/industry-analysis/medical-aesthetics-market
Global Aesthetic Medicine Market, By Product, 2012-2022 (USD
Billion)
Further key findings
from the study suggest:
·
Anti-wrinkle
products accounted for the largest market share of 50.2% in 2014 owing to high
consumer awareness levels regarding product availability, affordable cost, and
high efficacy rates
·
The
segment is expected to maintain its dominance throughout the forecast period.
Minimally invasive technique, lesser side effects, and better results are some
factors that are expected to drive the anti-wrinkle market towards expedited
growth
·
Botulinum
toxin is one of the oldest anti-wrinkle products available in the market.
Therefore, awareness about the effectiveness of this product is high as
compared to other products, resulting in the segment dominating in terms of
revenue share.
·
Hyaluronic
acid owing to, low side effects and high efficacy rates also accounted for a
large market share in 2014
·
Clinics
and beauty centers, was the largest end-use segment in 2014 as majority of the
techniques demand skilled professionals to perform the procedure. Moreover,
stringent regulatory guidelines limit the use of high-risk devices and
treatments to professionals. As a result, the clinics and beauty center segment
is expected to maintain its market position throughout the forecast period.
·
Asia
pacific accounted for the largest market share of around 32.5% in 2014. Growing
penetration of the technologically advanced products, cheaper treatment cost,
and presence of skilled professionals are some factors driving regional growth.
Moreover, growing popularity of the emerging Asia Pacific countries as medical
tourism hubs will boost demand over the forecast period.
·
The
presence of a large target population pool in China and India between 25 to 65
years coupled with rapidly increasing disposable income and improving standards
of living is spurring the demand for aesthetic medicine in this region.
·
Some
key players operating in the global market include Allergan, Inc., Alma Laser,
Cynosure, Galderma S.A., Lumenis, Johnson and Johnson, Solta Medical, Inc. and
Syneron Medical Ltd.
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of this report @
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