Recent findings from Research and Markets indicate positive projections for growth in the medical aesthetic industry through the year 2020. According to a recent press release, “the market is expected to reach $12.58 billion by 2020, at a compound annual growth rate of 10.8% from 2015 to 2020.”
Factors that are driving this growth include the increasing demand for minimally invasive and non-invasive procedures, technological advancements in energy-based devices, and rapid growth in the overall number of cosmetic procedures. Consistent growth is expected for the global medical aesthetics market however, safety regulations and product recalls could possibly restrict this growth.
Research also found that North America (United States and Canada) comprised the largest share geographically at 49% of the global medical aesthetic market in 2015, followed by Europe. A rapidly aging and obese population, technological advancements, and an increasing number of FDA approved devices contribute to North America’s dominance in the industry. Increasing awareness among customers, the rising number of types of procedures, and increasing demand for aesthetic treatments among the male population, and the demand for at-home aesthetic devices are also driving market growth.
Opportunities for sustainable growth in the medical aesthetics market are abundant! Let us bring your vision to life and reap the reward of these market trends. To learn more, contact Colleen Acunzo, Managing Partner, 203-488-0028 x305 or email at cacunzo@acarapartners.com.
