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Market research analysts at Technavio predict that the aesthetic market in the US will grow steadily over the next four years and post a CAGR of more than 8% by 2021. The recent years have witnessed tremendous growth in interest towards plastic surgery, especially among the male population. The general perception among the consumers that plastic surgery can promise better aesthetic appearance is further contributing to the growth of the market. It has also been observed that almost 70% of men had shown a positive interest toward plastic surgery. Also, additional requirements such as to look young and youthful are also compeling the male population toward the acceptance of plastic surgery as an ideal option. According to this market research and analysis, this increasing importance given to physical appearance among men will be one of the key growth factors for the aesthetic market in the US.
In addition to the growing preference among the male population, the rising demand for tattoo removal due to strict corporate culture will also contribute to the growth of the market. The growing negative stereotypes associated with tattoo are compeling employees to remove tattoos from visible body parts. Moreover, the introduction of stringent restrictions that demand the need for the removal of tattoos by the corporates will also contribute to the growth of the aesthetic market in the US over the next few years.
The aesthetic market in the US is highly characterized by the presence of diversified international and regional vendors. The international vendors are increasing their footprint in the market, which is affecting the growth of the regional vendors. The market is witnessing robust competition based on factors such as quality, pricing, market reach, and financial resources. Moreover, the competition in the market is expected to intensify through M&A. Also, to expand their market shares, the international vendors will start acquiring regional or local players.
The leading vendors in the market are ?
The other prominent vendors in the market are Alma Lasers, AQTIS Medical, AART, Andrew Technologies, Body BeneFits, BTL Industries, Deka Laser Technologies, Erchonia, Energist North America, Ellman International, Ellipse, ENDYMED MEDICAL, Fotona, Lumenis, Lutronic, Genesis Biosystems, GC Aesthetics, HCBeauty, Hangzhou Techderm Biological Products, Human med, Invasix Aesthetic Solutions, Medytox, Mentor Worldwide, Revitacare, Sciton, Sharplight Technologies, Sharplight Technologies, Syneron Medical, Ulthera, VCA Laser, YOLO Medicals, and ZELTIQ Aesthetics.
During 2016, the facial aesthetics segment accounted for the major shares and dominated the aesthetic market in the US. Botox accounted for the major shares in the facial aesthetics segment. Factors such as the shift in cultural thinking, the growing spending on beauty products, and the increased brand popularity are spurring the growth of this market segment.
The dermatology clinics segment accounted for the major share of the aesthetic market in the US during 2016. The growth in this segment attributed to the personalized and customized services provided by dermatology clinics. Additionally, the rising demand for combination treatment will also fuel the growth of this market segment.
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Aesthetic or cosmetic procedures include all medical procedures that are aimed at improving the physical appearance of the patient. Aesthetic procedures are conducted using invasive, non-invasive, or minimally invasive methods. These procedures are not only performed by dermatologists and plastic surgeons as doctors of all specialties aim to offer cosmetic services to address their patient's aesthetic needs and desires. Technavio's insightful reports for the new research areas industry cover a wide range of product markets including health and wellness and category spend intelligence. Besides offering valuable information on various parameters, such as the shift in consumer behavior and the factors that will affect the rise of the vendors in the health and wellness industry, Technavio's reports also present an extensive competitive analysis of the prominent vendors in the new research areas industry.
Our market research specialists follow an exhaustive research approach of primary and secondary methods and conduct an extensive analysis of the demand-supply shifts for markets in different geographical regions to successfully forecast the health and wellness industry's growth prospects. With an aim to help clients to formulate new policies for development, our upcoming industry research report on the aesthetics market in the US for the forecasted years of 2017 to 2021 gives out relevant insights deduced from the data gathered from market sources such as manufacturers, channel partners, regulatory bodies, and decision makers.
This upcoming industry research report on the aesthetics market in the US also considers the growth of related markets such as energy-based aesthetic devices and male aesthetics, which are expected to grow at a CAGR of close to 8% and about 7% by 2021. This upcoming industry research report on the aesthetics market in the US also identifies the key market drivers, emerging market trends, and the difficulties currently experienced by the new research areas industry and presents insights into markets of lab equipment and outdoor gear.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Product segmentation
PART 07: End-user segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
Tags: facial aesthetics, dermatology clinic, lab equipment, lab supplies, aesthetic market research, health and wellness industry trends,
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