The world at present is gearing for the latest discoveries and innovations in medicine, which are poised to have a profound impact on health care. From robots being touted as the future of surgery to developments in aesthetic procedures, the industry showcases immense potential for the world to embrace. Besides investment in aggressive research and development, the developments are a product of the increasing willingness among people to spend on advanced healthcare. Deriving growth from this trend is the global medical aesthetic devices market. The fascination of aging population towards ensuring longevity of their youthful radiance has been creating lucrative opportunities for the market.
What Opportunities does the Market see in Aesthetic Medical Procedures?
Despite aesthetics holding a relatively small share in the global medical devices market, the increasing demand for aesthetic procedures is expected to boost the global medical aesthetic device market in the next few years. The growing aging population is the primary factor fuelling the demand for aesthetic procedures subsequently giving impetus to the medical aesthetic devices market. Other factors contributing to the market’s growth include the considerably rising expendable incomes of consumers across emerging nations, cultural acceptance of aesthetic procedures, and product innovation.
Considering the robust growth opportunities that the market offers, several companies in the skincare devices segment have started venturing into the field. Based on the recent developments, Transparency Market Research (TMR) forecasts the global medical aesthetic devices market to report a 9.9% CAGR between 2016 and 2024. Expanding at this pace, the market is poised to reach US$15.1 bn in 2024 from a valuation of US$6.5 bn in 2015.
How the Market is to Gain from Use of Laser Technology in Medical Aesthetics?
With cultural taboos and social dogmas associated with aesthetic procedures withering away, the medical aesthetic devices market hold robust opportunities for growth. The consequent increase in surgical procedures conducted to enhance personal appearance is a chief driver of the market. The market is also expected to gain considerable impetus from the adoption of laser-based devices. Experts project the laser technology is here to stay. Globally rising demand for minimally invasive surgical devices and augmentation and reconstruction surgeries provides the market with lucrative opportunities.
Browse Full Press Release on Medical Aesthetic Devices Market: http://www.transparencymarketresearch.com/pressrelease/medical-aesthetics.htm
The use of laser technology is no longer limited to precision cutting and endoscopic guidance required during surgeries. It is commonly used in tattoo, tumor, birthmark, and hair removal processes. Besides these, the laser technology is also used to treat benign warts, urethral strictures, enlarged prostrates, bladder obstructions, and urinary stones.
Recently, Dr. Ran Y. Rubinstein announced that his practice ‘Rubinstein Laser and Cosmetic Surgery Specialists’ has been approved by the Food and Drug Administration (FDA) as safe to be used for restoring facial tissues. The innovation is one of the first ones to bring the latest laser genesis model closer to patients. Laser genesis are touted as cutting-edge aesthetic tool manufactured by Cutera. Treatments using laser genesis will take less than 30 minutes with no downtime or anesthesia.
The development of such procedures considered safe across skin types will not only stimulate the use of the laser technology in medical aesthetic tools, but will give impetus to the global medical aesthetic devices market as well.