BUSINESS: Aesthetic Medicine Market Report Up To 2031 Visiongain Research Inc

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Visiongain has published a new report on Aesthetic Medicine Market Report to 2031: Forecasts By Product (Invasive Procedures (Breast augmentation, Liposuction, Nose reshaping, Eyelid Surgery, Tummy tuck, and others) Non-invasive Procedures (Botox injections, Soft tissue fillers, Chemical peel, Laser hair removal, Microdermabrasion, and Others) PLUS COVID-19 Recovery Scenarios.

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COVID-19 Impact on Aesthetic Medicine Market
COVID-19 pandemic has affected more than 200 countries worldwide. Similarly, the aesthetic medicine market is anticipated to take a hit. Target industry now faces challenges in managing the interruptions in demand and supply. The industry’s growth will be affected by disruptions to its supply chain and unavailability in human resources. Hence, the overall COVID-19 impact is expected to continue to moderate for the global key players operating in the industry.

Market Drivers

Rising Acceptance of Minimally Invasive and Noninvasive Aesthetic Procedures
In the past few years, there has been a growing inclination towards minimally invasive and non-invasive aesthetic procedures over conventional surgical procedures. Nonsurgical/minimally invasive alternatives offer many advantages over traditional surgical procedures. These include reduced blemishes and pain relief, as well as faster recovery. These procedures also come at a lower cost than traditional surgical procedures. As per the International Society of Aesthetic Plastic Surgery (ISAPS), between 2017 and 2018, there was a total upsurge of around 5.4% in the number of cosmetic and plastic procedures. The increasing importance of physical appearance is driving people to opt for minimally invasive treatments such as skin tightening and removal of skin imperfections, scarring, skin cancers, and skin wrinkles. In turn, it is likely to rise the need for aesthetic lasers and energy devices therefore fueling the target industry growth.

Growing Obese Population and Incidence of Skin Conditions to Fuel the Target Industry Growth
The growing obesity among people owing to inactive lifestyles in developed and developing nations is persuading people to undergo body reformation treatments. Lasers are able to quickly and minimally intrude on patients’ desires to have many cosmetic procedures. According to the CDC, in the U.S., nearly 93.3 million (estimated 38.9%) people suffered from obesity in 2015-2016. In turn, it is projected to boost the demand for aesthetic medicine.

The increasing incidence of skin conditions such as rosacea has led the rise in aesthetic medicine. It is likely that aesthetic medicine will be in demand. According to the British Journal of Dermatology , people suffering from rosacea accounted for approximately 5. 46% in the overall population and around 2. 39% among dermatology patients worldwide.

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The Growing Potential of Developing Economies
Developing nations such as China, India offers lucrative opportunities for the global key players operating in the target industry. These countries are poised for huge growth due to their growing disposable incomes, changing lifestyles and increasing concern about appearance. The target industry in India is experiencing rapid growth, mainly across the megacities. Indian cosmetic laser market is also growing due to the acceptance of new technologies by the population. Other factors that are highly influential include the high level of competition, the arrival of new businesses, funding from local players, and foreign players seeking a large base.

Competitive Landscape
A major player in the global Aesthetic Medicine market is Johnson & Johnson, Allergan-AbbVie, Cutera, Inc., Galderma, Cynosure, Anika Therapeutics, El.En. S.p.A., Alma Lasers, Ltd., Fotona D.o.o., Merz Pharma. The key players have used new product development, product launches and product approvals as their key business development strategies in order to tap into the global Aesthetic medicine market. For instance, on 5th November 2020, Aesthetic Innovations partnered with Merz Aesthetics to launch a national Xeomin(r) (incobotulinumtoxinA) product line, a new generation neurotoxin.

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About Visiongain

Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain has a wide range of vertical markets that can be influenced by each other. These markets include automotive and aviation, chemicals, defense, cyber, energy, food & beverage, materials, packaging, pharmaceutical, and utilities. You can get a customized market report or a syndicated one from Visiongain.


Catherine Walker
PR at Visiongain Inc.
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