Middle East and North Africa Medical Aesthetic Devices Market: Snapshot
The market for medical aesthetic devices in the Middle East and North Africa has witnessed substantial growth since its inception. In the recent times, there has been a noticeable rise in adoption of aesthetic procedure among consumers in these regions, which has reflected greatly on this market. The introduction of new aesthetics products and the technological advancement in current offerings, improving their efficacy and reducing their downtime for busy patients seeking to avoid long recovery periods are also expected to drive the growth of this market in the years to come.
In 2015, the Middle East and North Africa market for medical aesthetic devices was worth US$275.0 bn. The opportunity in this market is expected to rise at a CAGR of 12.20% between 2016 and 2024 and reach US$755.8 mn by the end of 2024. The future of this market looks thriving; however, unfavorable reimbursement policies may hinder the market’s progress to some extent in the near future.
Facial and Body Contouring to Emerge as Leading Application Area
Facial and body contouring, breast enhancement, facial and skin rejuvenation, scar treatment, congenital defect repair, reconstructive surgery, tattoo removal, hair removal, and vaginal rejuvenation and tightening are the main application areas for medical aesthetic devices in the Middle East and North Africa. The facial and body contouring segment has been leading the overall market and is expected to continue in this position over the forthcoming years.
Various factors, such as the increasing obese population, rising consumer awareness, and the escalating disposable income of consumers are likely to contribute to the rise of this segment as the dominant application area of medical aesthetic devices in the Middle East and North Africa in the near future.
Middle East to Continue at Top Spot
The Middle East and North Africa are the two main geographical segments of this market. The Middle East market for medical aesthetic devices is a bit bigger than the North Africa one. In 2015, the former led the overall market with a share of more than 58%. The scenario is likely to remain so over the next few years. The Middle East market for medical aesthetic devices is further classified into Saudi Arabia, the UAE, Qatar, Oman, Kuwait, Bahrain, Iraq, Lebanon, Syria, Jordan, and the Rest of the Middle East. Saudi Arabia has emerged as the leading domestic market in this regional market, thanks to the high disposable income of consumers, increasing government initiatives to promote these devices, and the considerable growth of the medical tourism industry.
The UAE is also anticipated to grow at a significantly high pace over the next few years. The increasing initiatives by the government to facilitate the health care industry, thriving medical tourism, and the augmenting geriatric population in the region are the key driving force behind the rise of the medical aesthetic devices market in the UAE. Along with this, the surge in the foreign investments will also propel this domestic market substantially in the near future. However, the late uptake of medical technology may limit the progress of the UAE medical aesthetic devices market to some extent over the years to come.
Allergan Plc, Alma Lasers, Aptos Medical Aesthetics Inc., Aptos Medical Aesthetics Inc., Cynosure Inc., Cutera Inc., Galderma S.A., Mentor Worldwide LLC, Lumenis Ltd., Merz Inc., Promoitalia Group SpA, Solta Medical Inc., Syneron Medical Ltd., Teoxane Laboratories, Viveve Medical Inc., and ZELTIQ Aesthetics Inc. are some of the prominent vendors of medical aesthetic devices across the middle East and North Africa.
Middle East and North Africa Medical Aesthetic Devices Market: Overview
Medical aesthetic devices are used in body contouring, dermal resurfacing, dermal tightening, acne prevention, hair removal, reduction of age related dermal or vascular lesions and reduction of skin pigmentation and blemishes. A wide range of devices are available for addressing these conditions such as dermal lasers, microdermal abraders, intense pulsed light devices, light emitting diodes (LEDs), infrared devices, radio frequency-based devices, dermal fillers, and implants. Factors prompting the adoption of medical aesthetic devices include the aging of the large baby boomer population that continues to demand anti-aging medical techniques, increasing disposable income and developing health and wellness sector.
This report on the Middle East and North Africa medical aesthetic devices market analyzes the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments. The research is a combination of primary and secondary research. Detailed qualitative analysis of factors responsible for driving and restraining market growth and opportunities has been provided in the market overview section. Market revenue in terms of US$ Mn for the period between 2014 and 2024 along with the compound annual growth rate (CAGR %) from 2016 to 2024 are provided for all the segments, considering 2015 as the base year.
Market related factors such as technological developments, product innovation, expansion of healthcare infrastructure facilities in Middle East and North African countries, and historical year-on-year growth have been taken into consideration while estimating the market size. Growth rates for each segment within the Middle East and North Africa medical aesthetic devices market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, product development life cycle, and regulatory requirements. These factors would help the market players to take strategic decisions in order to strengthen their positions and expand their share in the global market.
Middle East and North Africa Medical Aesthetic Devices Market: Segmentation
In terms of application, Middle East and North Africa medical aesthetic devices market is segmented into facial and body contouring, facial & skin rejuvenation, breast enhancement, scar treatment, congenital defect repair, reconstructive surgery, tattoo removal, hair removal and vaginal rejuvenation and tightening.
In terms of products, Middle East and North Africa medical aesthetic devices market is segmented into aesthetic laser and energy devices, skin tightening and body contouring devices, aesthetic implants and facial aesthetic devices. The aesthetic laser and energy devices segment is further categorized into ablative skin resurfacing devices and non-ablative skin resurfacing devices. Skin tightening and body contouring devices are segmented into liposuction devices, skin tightening devices and cellulite reduction devices. Aesthetic implants are categorized into breast implants, soft tissue implants, aesthetic dental implants and others. Facial aesthetic devices segment is further divided into microdermabrasion devices, botulinum toxin, dermal fillers and threads. In terms of end users, the Middle East and North Africa medical aesthetic devices market is segmented into hospitals, dermatology clinics and cosmetic centers
Geographically, the Middle East and North Africa medical aesthetic devices market has been segmented into two regions: Middle East and North Africa. The regions have been further segmented by major countries. An overview of Middle East and North Africa has been provided, and the Middle East and North Africa region has been analyzed in depth at country as well as application, product and end-user segment level. The countries in Middle East include Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain, Iraq, Lebanon, Syria, Jordan and Rest of Middle East. The countries in North Africa include Egypt, Algeria, Morocco, Tunisia and Rest of Africa. The competition matrix section included in the report is likely to assist the existing players to increase their market shares and new companies to establish their presence in the Middle East and North Africa medical aesthetic devices market.
Companies Mentioned in the Report
The report also profiles major players in the Middle East and North Africa medical aesthetic devices market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include Allergan plc., Mentor Worldwide LLC, Merz, Inc., ZELTIQ Aesthetic, Inc., Fosun Pharmaceutical Co., Ltd (Alma Lasers), Aptos Medical Aesthetics, Inc., Cynosure, Inc., Galderma S.A. (Nestle), Lumenis Ltd., Promoitalia, Solta Medical, Inc., Syneron Candela, TEOXANE Laboratories and Viveve Medical, Inc.
The Middle East and North Africa medical aesthetic device market is segmented into:
- Aesthetic Laser and Energy Devices
- Ablative Skin Resurfacing Devices
- Non-Ablative Skin Resurfacing Devices
- Skin Tightening and Body Contouring Devices
- Liposuction Devices
- Skin Tightening Devices
- Cellulite Reduction devices
- Aesthetic Implants
- Breast Implants
- Soft Tissue Implants
- Aesthetic Dental Implants
- Facial Aesthetic Devices
- Microdermabrasion Devices
- Botulinum Toxin
- Dermal Fillers (e.g. Teoxane fillers, etc.)
- Threads (e.g. Normal, PDO, etc.)
- Facial and Body Contouring
- Facial & Skin Rejuvenation
- Breast Enhancement
- Scar Treatment
- Congenital Defect Repair
- Reconstructive Surgery
- Tattoo Removal
- Hair Removal
- Vaginal Rejuvenation and Tightening
By End User
- Dermatology Clinics
- Cosmetic Centers
- Middle East
- Saudi Arabia
- United Arab Emirates (UAE)
- Rest of Middle East
- North Africa
- Rest of Africa