Published on : May 19, 2017
Albany, New York, May 19, 2017: As one of the fastest growing industries in the populace, the field of medical aesthetics has been and will continue to be subject to incredible change. Aesthetic medicine includes both surgical and non-surgical procedures, and physicians may opt for a combination of both to enhance the physical appearance of the patient. Recently, Market Research Hub (MRH) has been broadcasted a new study, focusing on the rapidly expanding market of medical aesthetic devices which is titled as “Medical Aesthetic Devices Market - the Middle East and North Africa Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024”. This forecast study analyzes the current and future prospects of the market within the forecast period. Additionally, the report also includes a discussion on the market dynamics which includes market drivers, opportunities and challenges contributing towards the growth of the market.
With a prime focus on Middle East and North Africa region, the research finds that in the recent times, there has been a noticeable rise in adoption of aesthetic procedure among consumers in these regions, which has reflected greatly on this market. As per the report findings, the Middle East and North Africa market for medical aesthetic devices will grow at a remarkable CAGR of12.20% during the period from 2016 to 2024. Rising at this pace, the market is expected to reach a valuation of US$755.8 million by the end of 2024 from US$275.0 billion in 2015. One of the prime factors responsible for this growth includes the increasing consciousness among consumers regarding their looks and personality.
Initially, the report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments. Medical aesthetic devices are used in body contouring, dermal resurfacing, dermal tightening, acne prevention, hair removal, reduction of age-related dermal or vascular abrasions and reduction of skin pigmentation and blotches. In terms of application, Middle East and North Africa medical aesthetic devices market is segmented into facial and body contouring, facial & skin rejuvenation, breast enhancement, scar treatment, congenital defect repair, reconstructive surgery, tattoo removal, hair removal and vaginal rejuvenation and tightening. Moreover, In terms of products, it covers aesthetic laser and energy devices, skin tightening and body contouring devices, aesthetic implants and facial aesthetic devices.
With the growing disposable income in the region, the purchasing power of customers has increased expressively, which has shifted their focus towards beauty and personal grooming, leading to a substantial surge in cosmetic surgical procedure fueling the demand for medical aesthetic devices in the region. Other market factors prompting the adoption of medical aesthetic devices include the aging of the large baby boomer population that continues to demand anti-aging medical techniques, increasing disposable income and developing health and wellness sector. End-users mentioned in the report includes hospitals, cosmetic centers and dermatology clinics.
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At the end, key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook. They are as follows: Lumenis Ltd., Mentor Worldwide LLC, Merz, Inc., Syneron Candela, ZELTIQ Aesthetic, Inc., Fosun Pharmaceutical Co., Ltd (Alma Lasers), Allergan plc., Aptos Medical Aesthetics, Inc., Cynosure, Inc., Galderma S.A. (Nestle), Promoitalia, Solta Medical, Inc., TEOXANE Laboratories and Viveve Medical, Inc.
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