Rising demand for minimal invasive procedures creates huge opportunities in the Cosmetic market. Here's your chance to get an extensive understanding of this market.
The Global cosmetic market was valued at US$ 260.5 Bn in 2020, and is expected to reach US$ 372.6 Bn by 2027, expanding at a CAGR of 5.3% during the forecast period.
The market for medical aesthetic is driven by expanding public awareness medical aesthetic devices are used to treat impairments associated with a person's aesthetic appearance or to enhance the same. In addition, these devices (particularly implants) rectify the malformations caused due to accidents, trauma, and other congenital disorders. The medical aesthetics devices market is driven by an increase in technological advancements, high demand for minimally invasive & non-invasive reconstruction surgeries, rise in the incidence of congenital face & tooth deformities, and growth in awareness for aesthetic appearance.
Growth of the medical tourism industry, emergence of tourism medical spas, and adoption of aesthetic procedures to enhance physical appearance are expected to provide several opportunities for key market players. Key players operating in the industry are Merz Pharma, Anika Therapeutics, Inc., AbbVie, Lumenis, Solta Medical, Johnson & Johnson, Syneron Candela, Alma Lasers, Hologic, Cutera, Inc., Cynosure, Galderma, and Sisram Medical.