Published On:June 5, 2017, 2:21 pm
In the modern medicine, one of the latest trends and an equally exciting field is aesthetic medicines and cosmetic surgery. Presently, many individuals not just demand to be healthy, but also want to live life to their fullest by reducing the signs of aging and look completely fit.
This industry is an emerging clinical field and sub-specialty in scientific research which consists of every kind of medical methods with the intention to enhance the physical appearance and overall satisfaction of the patients and that would consist of all minimally invasive and non-invasive cosmetic procedures.
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This market industry is aiming towards fine-tuning cosmetic appearance with the help of the treatment of various conditions such as scars, skin discoloration, skin laxity, excess fat, liver spots, moles, spider veins and unwanted hair. Such procedures are not mandatory and are employed on individuals who do not suffer from any other sickness.Aesthetic medicine and cosmetic surgery could be performed in areas of neck, head and several other parts of the body. An international survey was conducted by the International Society of Aesthetic Plastic Surgery (ISAPS), which states that across the world, 10,591,506 non-surgical techniques were carried out and 9,645,395 surgical techniques were performed in 2014.
In 2014, the global aesthetic medicine and cosmetic surgery market was valued at USD 5.9 billion in 2014 and is estimated to grow lucratively in during the forecast period while registering at a considerable CAGR during the forecast period. Factors accountable for the lucrative growth of this market are cost-effective methods and growing awareness pertaining to the accessibility of minimally invasive methods and products.
Owing to the escalating aging population, anti-wrinkle products section is predicted to witness considerable growth during the forecast period. A few factors such as rise in healthcare expenditure, reduced level of side effects, and improved results are anticipated to positively drive this market industry on a global level. But, underprivileged structures of reimbursement and possible health risks linked with the methods can hinder the overall growth of the aesthetic medicine and cosmetic surgery market.
A few of the prime market players of the global aesthetic medicine and cosmetic surgery market are Galderma S.A., Solta Medical,Allergan, Inc.,Syneron Medical Ltd., Alma Laser,Johnson and Johnson, Inc., Cynosure,Syneron Medical Ltd., and Lumenis.Geographically, this industry’s market has been segmented into regions such as Eastern Europe (Poland, Russia), Western Europe (Germany, Italy, France, U.K, and Spain), and Latin America (Mexico. Brazil), North America (U.S., Canada), The Middle East and Africa (GCC Countries, S. Africa, Northern Africa), Asia-Pacific (China, India, ASEAN, Australia & New Zealand), and Japan.Based on the procedure type, this market is segmented into non-surgical procedures - Hair removal, Botulinum Toxin, Laser Skin Resurfacing, Hyaluronic Acid, Chemical Peel, and Others; Surgical Procedures - Liposuction, Fat Grafting, Rhinoplasty, Eye Lid Surgery, Breast Augmentation, and others. Lastly, the end-user application of the global market of the industry is split into ambulatory surgical clinics, hospitals, and dermatology clinics.
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