India Medical Aesthetics Devices Market To Grow With Impressive CAGR Until FY2027
Increasing prevalence of aesthetic
medical procedures is driving the growth of India medical aesthetics devices
market through FY2027.
According
to TechSci report on, “India Medical Aesthetics Devices Market By Type of Device
(Energy-Based Aesthetic Device v/s Non-Energy-Based Aesthetic Device) By
Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite
Reduction, Hair Removal, Facial Aesthetic Procedures, Others) By End User
(Hospitals & Clinics, Home Care Settings, Others) By Region, Competition
Forecast & Opportunities, FY2027”, India medical aesthetics devices market
has shown promising growth in historical years until FY2020 and is expected to
continue its growth in upcoming forecast years FY2023 to FY2027. India medical
aesthetics devices market owes its growth to the factors like surge in the
demand for cosmetic procedures and aesthetic surgeries like botox, skin
grafting, etc. The market is also growing on the grounds of celebrity demands
for enhancing their facial characteristics and other cosmetic surgeries. Medical
aesthetic devices are used to treat impairments associated with a person’s
aesthetic appearance, such as skin laxity, excessive fat, cellulite, scars,
moles, wrinkles, unwanted hair, liver spots, spider veins, and skin
discoloration. Convenient replacement of dysfunctional/missing body parts
caused due to accidents, trauma, and other congenital disorders is also
possible by use of aesthetic implants.
Moreover, the
rising demand of minimally invasive reconstruction surgeries, rising cases of
road accidents, and trauma cases, tooth deformities are majorly driving the
growth of India medical aesthetics devices market in the forecast period.
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India medical
aesthetics devices market segmentations is based on type of
device, application, end user, competitional landscape,
and regional distribution. Based on application, the market is further segmented
into skin resurfacing and tightening, body contouring and cellulite reduction,
hair removal, facial aesthetic procedures, and others. Skin resurfacing and
tightening is anticipated to assert its dominance over the market on the
account of changing beauty standards as well as the surge in the demand of the
cosmetic procedures to satisfy camera consciousness. Moreover, body contouring
and cellulite reduction is also expected to hold a significant amount of the
market on account of increased demand of aesthetic procedures.
Based on end
user, the market is further fragmented into hospitals & clinics, home care
settings, and others. Hospitals & clinics are expected to hold the largest
share of the market on the account of the availability of the medical
aesthetics devices. These devices and the aesthetic cosmetic procedures are
in-expensive and are not easily available for the common population. Therefore,
hospitals and clinics with the ample amount of financial support are able to
afford the expensive medical aesthetic devices and thus drive the growth of the
market in the future five years.
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“Medical aesthetics
devices are in-expensive devices that are not feasible or affordable for the
smaller surgical clinics or other end user institutions. Government funding has
played a major role in the availability and funding for research and
development of these medical devices in the past years. The financial support
from the government is anticipated to drive the market in future and thus
happens to be a promising healthcare sector for the new investments. New market
players can focus on the partnerships and research and developments of the
technologically advanced devices, creating an expansion of market share in the
near future,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Medical Aesthetics
Devices Market By Technology (16-Slice, 32-Slice, 8-Slice, 64-Slice, 128 &
Above Slice) By Modality (Fixed v/s Mobile) By Device Architecture (C-arm v/s
O-arm) By Application (Cardiology, Oncology, Neurology, Others) By End Users
(Diagnostic Centers, Hospitals, Others) By Region, Competition Forecast &
Opportunities, FY2027”
has evaluated the future growth potential of India medical aesthetics devices
market and provides statistics and information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in India medical aesthetics
devices market.
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