LATAM Aesthetic Devices Market is Expected to Grow at 6.8% in the Forecast Period of 2021 to 2028

Aesthetic Devices Market is growing with factors such as rising demand for aesthetic appearance, increasing incidence of breast cancer and obesity, and growing awareness of procedures such as liposuction, body contouring and breast reconstruction.

However, the high cost of treatment along with the post–surgical complications may obstruct the growth of the market in the given forecast period.

LATAM Aesthetic Devices Market Scenario                             

According to Data Bridge Market Research, the market for LATAM aesthetic devices in Brazil has the highest market share followed by Mexico and Argentina. Market leader is AbbVie Inc., Inc. which accounts an estimated market share of approximately 35% to 40%. The company has gained outstanding sale through providing aesthetic devices products.

  • In March 2019, Johnson & Johnson Services, Inc.’s brand Mentor received Food and Drug Administration (FDA) approval for the MemoryShape device under Premarket Approval (PMA) Application. This has helped the company in expanding their portfolio in the breast reconstruction implant market.

LATAM Aesthetic Devices Market

Trends Impacting the Market

Now the question is which other countries AbbVie, Inc., Johnson & Johnson Services, Inc. and Alma Lasers (a subsidiary of Sisram Medical Ltd) are targeting? Data Bridge Market Research has estimated a large growth in Brazil in LATAM aesthetic devices market and the market leaders targeting Mexico, and Argentina to be their next revenue pockets for 2021.

The aesthetic devices market is becoming more competitive with companies such as AbbVie, Inc., Johnson & Johnson Services, Inc. and Alma Lasers (a subsidiary of Sisram Medical Ltd) as they are the market leaders for aesthetic devices market. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the LATAM aesthetic devices market.     

For more analysis on the LATAM aesthetic devices market request for a briefing with our analysts

LATAM Aesthetic Devices Market Development

  • In May 2020, AbbVie Inc. underwent an acquisition of Allergan leading to merging of the product portfolio of the two companies. This strategic inititive done by the company have helped AbbVie Inc. to increase its market and demand for its product in future as the acquisition has combined the product portfolio of both the companies thereby strengthening their business.

Scope of the LATAM Aesthetic Devices Market

LATAM aesthetic devices market is segmented on the basis of countries into the Brazil, Mexico, Argentina, Colombia, Venezuela, Peru, Chile and Rest of Latin America.

  • On the basis of products, the market segmented into facial aesthetic products, body contouring devices, cosmetic implants, hair removal devices, skin aesthetic devices and others. On the basis of end user, the market is segmented into dermatology clinics, cosmetic centers, hospitals, homecare, medical spas and beauty centers and academic and private research institutes. On the basis of distribution channel, the market is segmented into direct tender and retail.

To know more about the study

Key Pointers Covered in LATAM Aesthetic Devices Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries

Key Market Competitors Covered in the Report

  • Johnson & Johnson Services, Inc.
  • Sientra, Inc.
  • DPS Technology Development Ltd
  • AbbVie Inc.
  • Solta Medical (A Subsidiary of Bausch Health Companies Inc.)
  • Merz Pharma
  • Candela Medical
  • Alma Laser (A Subsidiary of Sisram Medical Ltd)
  • Venus Concept
  • Fotona
  • Genesis Biosystems, Inc.

Above are the key players covered in the report, to know about more and exhaustive list of aesthetic devices companies’, contact us

Research Methodology: LATAM Aesthetic Devices Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Dermatologists, Surgeons, Cosmetic Surgeons, Rehabilitation Centers, clinicians and technicians, Academic Professionals and Researchers
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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