Brocair Partners recently published its latest research report on the aesthetic medical device market. This report contains a matrix of technologies provided by companies that compete in this market, an overview of the participants in the industry, short company profiles of selected companies, a market and valuation analysis, and an overview of recent corporate transactions. To view the full report, click here.
The report contained the following market overview of the aesthetic device space:
• According to the American Society for Aesthetic Plastic Surgery (ASAPS), Americans spent $13.2 billion on aesthetic treatments in 2007.
• The market for energy-based aesthetic devices is estimated to exceed $1 billion by 2011, and it has been growing by 20% annually, although the slump in retail spending is likely to reduce that rate in the short/medium term.
• Clustering: There are three important geographic areas where innovation has been occurring in this industry – the Boston, Massachusetts, region, the Silicon Valley region in Northern California, and Israel.
• The fastest growing segments are skin resurfacing and skin tightening, which together account for 36.6% of sales.
• Aesthetic medical devices are used in body contouring, dermal tightening, dermal resurfacing, acne prevention, the reduction of skin pigmentation blemishes, and age-related vascular/dermal lesions as well as hair removal.
• There are a wide range of devices and tools for addressing the above conditions, including: microdermal abraders, dermal lasers, light emitting diodes (LEDs), intense pulsed light devices, infrared devices, radio frequency-based devices, dermal fi llers, and implants.
• Factors influencing the adoption of aesthetic medical devices include the aging of the large Baby Boomer population which continues to demand anti-aging medical techniques. Cosmetic procedures are also gaining acceptance as a respected subsector within the large and quickly developing health and wellness sector.