Medical Aesthetics Market Demands and Growth Prediction, Outlook 2017-2022
Medical Aesthetics Market: Market Dynamics
Increasing surgical procedures for enhancing personal appearance is a major driver for the global medical aesthetics market growth. For instance, according to International Society of Aesthetic Plastic Surgery (ISAPS), in 2015, women had over 18 million non-surgical and surgical procedures performed, that is around 85.6% of the total aesthetic procedures performed worldwide. The top five surgical procedures performed on women in 2015 were: breast augmentation, liposuction, eyelid surgery, abdominoplasty, and rhinoplasty. Furthermore, men had over 3 million non-surgical and surgical procedures, comprising around 14.4% of the total. The top five surgical procedures performed on men were: eyelid surgery, liposuction, gynecomastia surgery, rhinoplasty, fat grafting, and ear surgery. Male patients are increasingly focusing on undergoing aesthetic procedures, owing to better results with reduced downtime and discomfort.
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According to another ISAPS report, Botulinum Toxin continues to be the most common form of procedure, women and men undergo. A total number of over 4.6 million procedures are conducted on both the sexes of Botulinum Toxin. Procedures of Hyaluronic acid increased 6.5% from 2014 to 2015, whereas breast augmentation continues to be the most common surgical procedure among women with a 10.4% rise from 2014 and eyelid surgery is prevalent among men.
Furthermore, increased demand for minimally invasive and non-invasive procedures, high demand for reconstructive and augmentation surgeries, and increased adoption of laser-based devices is expected to drive growth of the medical aesthetics market during the forecast period. For instance, number for Liposuction surgery increased by 5% in 2016 as compared to previous year. In the recent past, dermatologists frequently recommend minimally invasive surgeries, due to more effectiveness, fewer post-surgery side effects and complications coupled with shorter recovery spans, eventually fueling growth of the medical aesthetics market.
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