Aesthetic Medicine Market: Rising number of minimally invasive and noninvasive procedures is expected to drive the market
Aesthetic Medicine Market - Introduction
Aesthetics has become more important in all aspects of everyday life in the past few years. It is the most innovative branch of medicine. The aim of aesthetic medicine is to improve physical appearance and satisfaction of a patient by using minimally invasive or non-invasive procedures. Aesthetic medicine is recommended to healthy individuals who are dissatisfied with some minor deficiencies. Aesthetic medicine is also used to treat conditions such as eczema, allergies, and acne. Moreover, aesthetic treatment includes dermal fillers, microdermabrasion, venous treatment, body countering, cellulite treatment, and chemical peels.
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Aesthetic Medicine Market – Competitive Landscape
Key development by market players such as product launch, acquisition and collaboration likely to augment the global market. AGR Medical is a wholesale supplier of aesthetic products offered by Allergan, Galderma Laboratories, and Merz Pharmaceuticals.
Founded in 1981, Galderma Laboratories is one of the player operating in the aesthetics market. The company offers the wide range of products for dermatological condition. The company have geographical presence in over 100 countries. The company have partnership with healthcare practitioners to fulfil the skin health needs. Galdema Laboratories have significant research and development to develop solution for hair, nails and skin. Smiths Distributors distributes Galderma Laboratories’ products in more than 100 countries. In December 2018, Galderma Laboratories expanded collaboration with REVISION SKINCARE, ALASTIN Skincare, and SENTÉ skincare brands in the U.S. This enabled the company to offer a range of skincare products along with facial injectable treatments
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Incorporated in 1983, headquarter in Dublin, Ireland. Allergen is one of the leading player engaged in developing, manufacturing and commercializing branded pharmaceutical, biological, regenerative and surgical medicine and devices. The company offers the product for eye care, gastroenterology, central nervous system and medical aesthetics. In March 2019, Allergan acquired Envy Medical, Inc. This acquisition enabled the company to strengthen its medical aesthetic product portfolio. Additionally, this enhanced the company’s customer reach.
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Established in 1908, headquarter in Frankfurt, Germany. In 1953 the company create first anti - wrinkle moisturizing cream. The company offers the products including botulinum neurotoxin, dermal fillers, revolutionary cellulite treatment, and skin lifting and tightening devices. The company have significant research and development. Merz North America, Inc. distributes Merz’s aesthetic products in 50 states across the U.S. AMP MEDICAL PRODUCTS is global distributor of aesthetic products to aesthetic professionals, large beauty spa retailers, and physicians.
In April 2018, Merz Pharmaceuticals launched Belotero lip dermal filler products. This has enabled physicians to offer unique complementary approach to lip enhancement.
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Skin Tech Pharma Group, S.
Skin Tech Pharma Group, S.is a privately held company offers the products for dermatology and gynecology. The company have mainly focused on research and development of new innovative technologies and manufacture a new products.
BIOXIS pharmaceuticals is engaged in developing, manufacturing and commercialization of innovative regenerative medical products. The company offers the products for dermatology and transform aesthetic medicine.
The global aesthetic medicine market is highly fragmented, with presence of large number of leading players. A number of manufacturers hold significant shares in their respective regions.
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Aesthetic Medicine Market – Dynamics
Inclination towards minimally invasive and non-invasive procedures
Rising number of minimally invasive and noninvasive procedures is factor expected to drive the growth of the segment. For instance, According to the International Society of Aesthetic Plastic Surgery, 4,189,830 facial and head procedures were performed across the globe in 2017. Advancements in topical drug delivery and development of new aesthetic agents such as retinoid, alpha hydroxyl acids and naturally resourced materials is driving key players to introduce new topical aesthetic medicines in the market.
Increase in demand of aesthetic care for skin rejuvenation and skin repair is a latest trend in skin care market. Awareness or socio-economic wellness and demand for aesthetics to treat ageing and other skin related conditions is likely to surge the demand for aesthetic medicines in near future. Rising geriatric population in developed and emerging markets and their demand for anti-wrinkle and skin volume increasing aesthetic medicines is another key factor to drive growth for aesthetic medicines market.
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