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During our research, we identified over 200 medical aesthetic companies offering various medical aesthetic products and / or devices.
The global medical aesthetics marketsize is estimated to grow from USD 38
billion in 2024 to USD 102 billion by 2035, representing a CAGR of 9.5% during
the forecast period till 2035.
Maximum number of companies are engaged in offering facial
aesthetic products and / or devices. These products and devices are widely used
for treating various skin abnormalities, such as scars, laxity, wrinkles,
moles, pigmentation, and liver spots (age spots). This is followed by companies
offering body contouring devices that can help in redefining, recreating and
reshaping the body. Additionally, 38% of
the players are providing various laser hair removal and IPL hair removal
machines that can provide painless and long-lasting results compared to
traditional hair removal approaches, such as shaving, threading, and
waxing. This is followed by 24% and 15%
of firms which are offering tattoo removal and nail treatment devices,
respectively. Further, 14% of companies are providing breast augementation
solutions, including breast aesthetic devices and breast implants.
Majority of the companies are providing facial aesthetic
devices. It is worth highlighting that these facial aesthetic devices are non
invasive in nature and don’t involve any surgery, making them cost-effective as
well. Examples of firms offering facial aesthetic devices include (in
alphabetical order) Cynosure, InMode and Lutronic. In addition, 62 players are
engaged in offering dermal fillers, which are extensively used for eliminating
wrinkles, smoothening facial lines and volumizing the face. Moreover, the
treatment can be done in even less than 30 minutes with minimal recovery time.
This is followed by 25% of the firms that are manufacturing microneedling
devices that can help in boosting collagen production to achieve firm, smooth,
and even tone skin.
It is interesting to note that maximum number of medical
aesthetic companies were established during the time period, 2001-2020. This is
indicative of the continuous emergence of players into the medical aesthetics
market over the past decades, reflecting a stable and enticing industry
landscape.
Company Competitiveness Analysis – Evaluating the overall
potential of Medical Aesthetic Companies
This chapter provides a detailed competitiveness analysis of
various medical aesthetic companies identified during our research, which are
based in North America, Europe, Asia-Pacific, and the Rest of the World. The
companies considered in this analysis were scored based on several relevant
parameters, such as company strength of the company offering different products
and devices (in terms of number of years of experience of a company), and the
portfolio strength (in terms of type of offering, type of product and / or
device offered and type of procedure). Insights obtained from the analysis have
been presented in the form of three-dimensional bubble charts, with company
strength on the x-axis, portfolio strength on the y-axis and number of end user
served is indicated by the size of the bubble (z-axis).
The growth in partnership activity in recent years reflects
the rising interest in this sector. During our research, we came across several
partnerships and collaborations that have been established between several
stakeholders engaged in the field of medical aesthetics, during the time period
2018-2023.
As can be observed in the figure, the trend of partnerships
in this domain has remained consistent between 2020 and 2022. However, it is
interesting to note that partnerships have increased at a CAGR of 14%, during
the period, 2018-2022. The increase was mainly attributed to the increased
consciousness amongst people regarding their cosmetic appearance during the
COVID-19 pandemic. It is noteworthy that the majority of agreements signed in
2022 were focused on the distribution of various medical aesthetic products and
devices, across the globe. Additionally, in 2023 (till August) a total of seven
agreements were signed between the stakeholders, including acquisitions /
mergers, supply and product / technology integration, and supply agreements.
Players based in Asia-Pacific and rest of the world have
signed the maximum number of collaborations (35.9%), of which 20.5% are
intracontinental agreements and 15.4% are intercontinental agreements. In North
America, majority of the deals were inked with the intracontinental players; of
which players based in the US, emerged as the most active players having inked
most of the deals. Further, players in Europe account for approximately 31% of
the total medical aesthetic solution providers.
To view more
details on this report, click on the link
https://www.rootsanalysis.com/reports/medical-aesthetics-market.html
About Roots Analysis
Roots Analysis is a
global leader in the pharma / biotech market research. Having worked with over
750 clients worldwide, including Fortune 500 companies, start-ups, academia,
venture capitalists and strategic investors for more than a decade, we offer a
highly analytical / data-driven perspective to a network of over 450,000 senior
industry stakeholders looking for credible market insights.
We specialise in
analysing areas which have lacked quality research so far or require more
focused understanding within the broader industry. All our reports are
structured in a way to enable the reader develop a thorough perspective on the
given subject. Apart from writing reports on identified areas, we also provide
bespoke research / consulting services dedicated to serve our clients in the
best possible way.
The research
efforts are driven by a global team. The leadership team brings a wealth of
experience within the sector. Their collective experience in pharmaceutical /
affiliated domains allows us to tackle various areas of research in a
structured way. We also regularly leverage our global network of experts who
hold senior leadership positions in reputed firms and organisations worldwide.
Contact:
Roots Analysis
Gaurav Chaudhary
+1 (415) 800 3415
+44 (122) 391 1091
Website: https://www.rootsanalysis.com/
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