European medical aesthetics market growing at a compound annual growth rate of 6.3%
Data from Bridge Market Research has predicted that the European medical aesthetics market will reach a value of $4.04bn (£2.98bn) by 2024, growing at a compound annual growth rate (CAGR) of 6.3% from 2017.
The new market report “European Medical Aesthetics Market” sites the skin tightening and body contouring devices sectors as growing with the highest CAGR. Ablative skin resurfacing devices are dominating the medical aesthetics laser devices market. In terms of global players, Allergan is predicted to dominate the industry, followed by Lumenis and Cynosure.
Other key players named were Syneron Medical, Cutera, Venus Concept, Aerolase Corp, BTL Industries, Sciton, Suneva Medical, Mentor Worldwide and Lutronic. Some of the major factors driving the market are a growing ageing population and increasing awareness among customers about cosmetic procedures in Europe. Growing enterprise of medical spas and increasing emphasis on youth and beauty are the major factors driving the growth.
