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 device 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 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 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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