(Australia-NewsWire.Com, February 09, 2018 ) The Asia-Pacific region is likely to witness highest CAGR from 2016 to 2021. This is mainly due to increasing middle class disposable income.Aesthetic medical devices is focuses on recovering cosmetic appearance through the treatment of situation including skin discoloration, liver spots, wrinkles, moles, cellulite, unwanted hair, skin laxity, excess fat, scars and spider veins.
The escalation of the Asia-Pacific medical aesthetics devices market is mostly driven by the increasing acceptance of minimally invasive and non invasive aesthetic procedures, elderly population, rising awareness among consumers, technological developments in energy-based devices, increasing amount of aesthetic procedures, and rising demand for aesthetic treatment amongst the male population. Conversely, a rigid safety regulation for aesthetic procedures is a major factor limiting the growth of this market.
The Asia-Pacific Medical Aesthetics Devices market is segmented on the basis of product type into Energy based devices, implants and anti-wrinkle products. Energy based devices are further sub-segmented into Aesthetic Laser Devices, Body Contouring Devices, Microdermabrasion and Ultrasound. Also, anti-wrinkle sector is further divided into Botulinum toxin, Dermal Fillers and Chemical Peel.
Based on procedures the market is segmented into cosmetic procedures and reconstruction procedures. Cosmetic procedures are of two kinds minimally invasive and surgical procedures. On the basis of end users the market is bifurcated into home use and clinics and beauty centres. The anti-wrinkle products section is estimated to show considerable growth during the forecast period due to wide accessibility of these products, immediate and continual results and deteriorating costs.
Based on geography the market is analysed under various regions namely, India, China, Japan, South Korea and Australia. China is leading the market in Asia-pacific region owing to high aging population.
The market for aesthetic medicine is highly fragmented with many local players competing with international players. Some of the key players in the global medical aesthetic market are Allergan, Cynosure, Johnson & Johnson, LCA Pharmaceutical, Galderma Pharma, Solta Medical, Cutera, Focus Medical, Human Med Ag, Genzyme Corporation, Alcon Inc. and Alma Lasers.
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