Four primary studies have been undertaken to size the medical aesthetics market. Secondary research has been used to obtain preliminary data for the medical aesthetics market and peer and parent markets. Data were collected from 3-5 secondary sources, and validated by primary sources for assumptions and market sizing. Through top-down and bottom-up approaches, the overall market size was informed and further broken down, and data was triangulated for segment and subsegment sizing.
Secondary Research
These included directories, Factiva, white papers, Bloomberg Businessweek, annual reports, SEC filings, business filings, and investor presentations, among others Through these souces, one can gain critical data about market leaders, how the industry is divided into sectors, and how technology varies from one industry level to another within medical aesthetics.
Primary Research
Primary research consisted of interviewing people from the supply side of the business and the demand side to get quantitative and qualitative insights. On the demand side, primary sources involved in the study included physicians, researchers, department heads, staff from diagnostic centers, hospital staff, and those attached to the research institutes, while on the supply side, it involved CEOs, area sales managers, territory and regional sales managers, and various other top executives of relevant companies. These direct meetings with people in key leadership positions helped validate assumptions arising from secondary research and bring them face-to-face so that any assumptions could also be directly
A breakdown of the primary respondents is provided below:
*Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.
Note: Companies are classified into tiers based on their total revenue. As of 2023, Tier 1 = >USD 1 billion, Tier 2 = < USD 500 million, and Tier 3 = < USD 100 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The revenue share analysis of major companies was used in this report to determine the size of the global medical aesthetics market. This was accomplished by identifying the major market participants and calculating their medical aesthetics business revenues using a variety of information acquired throughout the primary and secondary research stages. Examining the annual and financial reports of the leading market participants was one aspect of secondary research. On the other hand, primary research involved in-depth interviews with important thought leaders, including directors, CEOs, and important marketing executives.
Segmental revenues were computed using the revenue mapping of the leading solution/service providers to determine the worldwide market value. The following steps were engaged in this process:
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Making a list of the leading international companies in the medical aesthetics industry
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Charting the annual profits made by the leading companies in the medical aesthetics sector (or the closest stated business unit/product category)
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As of 2023, revenue mapping of leading companies to cover a significant portion of the global market
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Calculating the medical aesthetics industry's global value
Global Medical aesthetics Market: Bottom-up and Top-down approach
Data Triangulation
After determining the overall market size through the process of estimation as discussed above, the global medical aesthetics market has been segmented and subsegmented. Data triangulation and market breakdown methods have been used to refine the accuracy of these estimates. This process is based on the analysis of multiple factors and trends from both the demand and supply perspectives. The medical aesthetics market has been validated through both the top-down and bottom-up approaches, ensuring the accuracy of the segment and subsegment statistics.
Market Definition
The medical aesthetics market comprises a broad scope of nonsurgical and minimally invasive treatments and products to improve the aesthetic appearance of an individual. Such procedures are usually aimed at issues concerning skin, body, and dental appearance and are specifically customized to meet individual needs. The use of advanced technologies makes it possible to rejuvenate, contour the body, and enhance dental aesthetics.
Applications under this medical aesthetics market include facial aesthetics, body shaping, skin rejuvenation, hair removal, scar reduction, and pigmentation correction. The market has several end customers, including dermatology and cosmetic clinics, hospitals, beauty centers, medical spas, and even home device consumers.
Stakeholders
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Medical Aesthetic Clinics
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Cosmetic Product Manufacturers
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Aesthetic Device Manufacturers
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Pharmaceutical Companies
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Hospitals and Surgical Centers
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Aesthetic Product Retailers
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Medical Spas and Beauty Spas
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Cosmetologists and Plastic Surgeons
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Media and Influencers
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Medical Aesthetics Device Distributors and Suppliers
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Market Research and Consulting Firms
Report Objectives
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To define, describe, and forecast the medical aesthetics market based on product, device type, procedure, end user, and region
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To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
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To analyze the micro markets for individual growth trends, prospects, and contributions to the overall medical aesthetics market
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To analyze the opportunities for stakeholders and provide details of the competitive landscape for market leaders
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To forecast the size of the market segments for five regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
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To profile the key players and analyze their market shares and core competencies
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To track and analyze competitive developments, such as product launches, funding and grants, partnerships, agreements, collaborations, expansions, strategic alliances, and acquisitions
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To benchmark players within the market using the proprietary “Company Evaluation Matrix” framework to analyze players on various parameters within the broad categories of business and product excellence strategy.
HIGHEST CAGR MARKET IN 2024-2030
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Growth opportunities and latent adjacency in Medical Aesthetics Market