There is a growing knack of people indulging in a perfect and healthy body stature. Several high-end companies produce competitive prices for medical aesthetics products across the region. With the presence of these players at regional and international levels, suppliers and manufacturers provide products with multiple specifications and characteristics in all budgets. The increasing technological advancements are enhancing market growth. Moreover, several market players are involved in strategic developments expected to drive market growth.
Data Bridge Market Research shows that the Middle East and Africa Medical Aesthetics Market is expected to reach USD 1,119.06 million by 2030, at a CAGR of 11.1% during 2023-2030.
"Increasing Technological Advancements by Market Players Boost the Market Growth"
The growing awareness among prospective customers about medical aesthetic opportunities causes market growth. The desire to possess the perfect figure and shape humans paces the aesthetics market with innovative technological advancements. With the immense increase in technological advancements, there is a decrease in side effects and better quality treatments. This, combined with growing awareness among people, enhances the market growth. These are the major factors that increase the market growth rate.
What restraints the growth of the Middle East and Africa Medical Aesthetics Market?
"Increased Regulatory Measures Will Challenge The Growth Rate"
Every medical aesthetics company must follow the regulatory requirements. Medical aesthetics is under stringent government regulations. All the manufacturers of medical aesthetic devices and products undergo numerous testing levels before the final validation. Compliance with the FDA's standards needs specialized skill sets, resources, time, and money. Medical aesthetics are subjected to pre-market approval application (PMA) per the Federal Food, Drug, and Cosmetic Act (FFDC) and its regulations. Therefore, this factor impedes market growth.
Segmentation: Middle East and Africa Medical Aesthetics Market
The medical aesthetics market is segmented on the basis of product type, application, end user, and distribution channel.
- Based on product type, the market is segmented into aesthetic laser devices, energy devices, body contouring devices, facial aesthetic devices, aesthetic implants, and skin aesthetic devices.
- Based on application, the market is segmented into anti-aging and wrinkles, facial and skin rejuvenation, breast enhancement, body shaping and cellulite, tattoo removal, vascular lesions, sears, pigment lesions, reconstructive, psoriasis and vitiligo and others.
- Based on end user, the market is segmented into cosmetic centers, dermatology clinics, hospitals, medical spas and beauty centers.
- Based on distribution channel, the market is segmented into direct tender and retail, sales.
Regional Insights: South Africa is expected to dominate the Middle East and Africa Medical Aesthetics Market
South Africa dominates the medical aesthetics market because of major market players such as Bausch Health Companies Inc., Allergan, and Lumenis. Also, several strategic initiatives by major market players and the penetration of advanced technologies are expected to boost market growth during the forecast period in this region.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/middle-east-and-africa-medical-aesthetics-market
Recent Developments in Middle East and Africa Medical Aesthetics Market
- In 2022, Mentor Worldwide LLC, a subsidiary of the Johnson & Johnson Medical Devices Companies, announced that the FDA had approved the MENTOR MemoryGel BOOST breast implant for breast augmentation and reconstruction. This product has assisted the company in extending its product portfolio of aesthetics in the U.S. market.
- In 2022, Allergan, a subsidiary of AbbVie Inc., announced the FDA approval of JUVÉDERM VOLBELLA XC to enhance infraorbital hollows in adults above 21 years. This helped the company to extend its product portfolio of aesthetics in the U.S. market.
The Prominent Key Players Operating in the Middle East and Africa Medical Aesthetics Market Include:
- Abbvie, Inc (U.S.)
- Bausch Health Companies Inc. (Canada)
- Cynosure (U.S.)
- A.R.C. Laser GmbH (Germany)
- ASCLEPION (Germany)
- Cutera (U.S.)
- LUTRONIC (U.S.)
- Merz Pharma (Germany)
- Sciton (U.S.)
- Candela Corporation (U.S.)
- Venus Concept (Canada)
Above are the key players covered in the report, to know about more and exhaustive list of Middle East and Africa medical aesthetics market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Middle East and Africa Medical Aesthetics Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. 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, Middle East and Africa vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
