Published: Feb, 2018
The Middle East and North Africa medical aesthetic devices market is prognosticated to witness growth in coming years. The market is characterized by stiff competition between the players. Owing to increased number of firms, they are constantly competing among each other to set their foot, sustain and improve their market position within the forecast period from 2016 and 2024. Mentor Worldwide LLC, ZELTIQ Aesthetics Inc., Allergan Plc, Merz Inc., Fosun Pharmaceutical Co. Ltd., Alma Lasers, Aptos Medical Aesthetics Inc., Aptos Medical Aesthetics Inc., Cynosure Inc., Cutera Inc., Galderma S.A., Lumenis Ltd., Promoitalia Group SpA, Solta Medical Inc., Syneron Medical Ltd., Teoxane Laboratories, and Viveve Medical Inc. are some of the key organizations leading the medical aesthetic devices market in North America and the Middle East and Africa. Among these, the first five firms together held for 68.3% of the market share in year 2015. The key players are anticipated to emphasize on innovation and product differentiation to improve product marketability.
According to Transparency Market Research the market for medical aesthetic devices is foreseen to grow at a decent CAGR of 12.20% within the forecast period from 2016 to 2024. In 2015, the market’s evaluated valuation was US$275.0 bn. On the basis of application, the Middle East and Africa market is led by facial and body contouring segment. This segment is anticipated to sustain its leading position in coming years as well. Geographically, the Middle East and Africa segment dominated North America region and held 58% of the overall market shares.
Rise in Cosmetic Procedures to Boost Market Demand in Coming Years
Increase in demand for minimally intrusive surgeries, rise in number of trauma cases and road accidents, prevalence of inborn tooth and face disfigurements, industrial growth, development in awareness programs - for example, increased awareness about breast cancers (launched in the U.S.), and increase in number of cosmetology specialists are driving the medical aesthetic devices market. Moreover, development in medical tourism, increased inclination for a superior personal healthcare, and increasing influence of celebrities on youngsters, which motivates them to look presentable and appealing are expected to stoke market growth. Besides these factors, speedy technological advancements, significant increase in awareness about aesthetic systems, and an ascent in geriatric population are the major market drivers.
High Cost of Treatment to Hamper Market Growth
On the downside, high cost of treatment, low repayments, and danger of breakdowns, mostly with respect to implants, are obstructing the market’s development. Social disgrace concerns and absence of appropriate reimbursement policies are the primary limitations impeding the development of the market. Apart these, a social stigma about aesthetic beauty is also one of the contributing factor in hampering the overall market growth in the Middle East and Africa.
This review of the global 3D printing powder market is based on a recent market research report by “Medical Aesthetic Devices Market (Product - Aesthetic Laser and Energy Devices, Skin Tightening and Body Contouring Devices, Aesthetic Implants, and Facial Aesthetic Devices; Application - Facial and Body Contouring, Facial and Skin Rejuvenation, Breast Enhancement, Scar Treatment, Congenital Defect Repair, Reconstructive Surgery, Tattoo Removal, Hair Removal, and Vaginal Rejuvenation and Tightening; End User - Hospitals, Dermatology Clinics, and Cosmetic Centers) - Middle East and North Africa Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”
- Influence of the celebrities among the youngsters who encourage and motivate them to look presentable and appealing are expected to give various chances to market players to grow.
- Growth in medical tourism is likely to drive the medical aesthetic devices market development.
The Middle East and North Africa medical aesthetic device market is segmented into:
Middle East and North Africa Medical Aesthetic Devices Market : By Product
- 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.)
Middle East and North Africa Medical Aesthetic Devices Market : By Application
- Facial and Body Contouring
- Facial & Skin Rejuvenation
- Breast Enhancement
- Scar Treatment
- Congenital Defect Repair
- Reconstructive Surgery
- Tattoo Removal
- Hair Removal
- Vaginal Rejuvenation and Tightening
Middle East and North Africa Medical Aesthetic Devices Market : By End User
- Dermatology Clinics
- Cosmetic Centers
Middle East and North Africa Medical Aesthetic Devices Market : By Geography
- Middle East
- Saudi Arabia
- United Arab Emirates (UAE)
- Rest of Middle East
- North Africa
- Rest of Africa
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