Canada Medical Aesthetic Devices Market to Grow With An Impressive CAGR until 2027
Canada Medical Aesthetic
Devices Market is expected to with increasing expenses in healthcare sector in
the forecast period, 2023-2027.
According to TechSci report on, “Canada Medical Aesthetic Devices Market - By Region, Competition
Forecast & Opportunities, 2027”. Canada
medical aesthetic devices market
has shown promising growth in historical years until 2021 and is expected to
continue its growth in upcoming forecast years 2023 to 2027. Canada medical
aesthetic devices market owes its growth to the factors like surge in the
demand for aesthetic surgeries and treatment. Increasing healthcare expenses is
further anticipated to drive the growth of the Canada medical aesthetic devices
market in the upcoming five years. Rapidly increasing investments in the
healthcare industry along with the government’s favorable actions of
regulations and inviting foreign investments are also expected to support the
growth of the Canada medical aesthetic devices market in the next five years. Additionally,
increasing research and product development through advanced technology is also
aiding to the growth of the Canada medical aesthetic devices market in the
future five years. Market players are involved and supporting the research and
product development segment to establish their brands in the future years.
Moreover,
increasing demand for the cosmetic surgeries is also substantiating the growth
of the Canada medical aesthetic devices market in the forecast years, until
2027. Furthermore, demand for the non-invasive or minimally invasive surgical
equipment and tools are further supporting the growth of the Canada medical
aesthetic devices market in the forecast period.
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The Canada
medical aesthetic devices market segmentation is based on type of devices,
application, end user, competitional landscape, and regional distribution.
Based on type of devices, the market is further fragmented into energy-based
aesthetic device and non-energy-based aesthetic device. Energy based aesthetic
devices are anticipated to register largest revenue shares of the market and
dominate the market segment in the upcoming five years on the account of
increasing demand for the non-invasive surgical devices. Increased utilization
of laser based devices is also aiding to the growth of the sub-segment growth
along with that of Canada medical aesthetic devices market in the next five
years. Energy based aesthetic devices are further bifurcated into laser-based
aesthetic device, radiofrequency-based aesthetic device, light-based aesthetic
device, and others. Laser based aesthetic devices may register higher growth
due to increased utilization of such devices in various facial surgeries.
Radiofrequency based aesthetic devices may grow on the account of increasing
instances of cancer therapies and advanced utilization of radiofrequency to
cure other chronic diseases.
Non-energy based
aesthetic devices are further bifurcated into aesthetic botulinum toxin,
microdermabrasion, implants, and others. Aesthetic botulinum toxin is
anticipated to register maximum growths due to increased inclination of the
consumer to perform Botox surgeries on their faces and other body parts.
Increasing social media influence is also indirectly responsible for the growth
of the Canada medical aesthetic devices market in the future five years.
Application
segment of 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 sub-segment
is anticipated to grow and register largest revenue shares of the market in the
upcoming five years on the account of surge in the demand of face uplift
treatments among consumers. Adults leaning into older ages are highly inclined
toward such treatments thus aiding to the growth of the Canada medical
aesthetic devices market in the next five years.
A partial list
of major market players of the Canada medical aesthetic devices market includes :
·
AbbVie, Inc.
·
Bausch Health Companies, Inc.
·
Cutera, Inc.
·
Johnson & Johnson
·
Zimmer Biomet Holdings, Inc.
·
Alcon Inc.
·
Anika Therapeutics Inc.
·
Hologic, Inc. (Cynosure)
·
Sientra, Inc.
·
Venus Concept USA
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“Increasing demand for the aesthetic medical procedures is supporting
the future market growth. Canada has one of best available healthcare
facilities and is one of the major economies that supports the growth of the
North America region in terms of healthcare sector. Increasing demand for the
aesthetic procedure to remove fat, remove scarring on body parts, tattoo
removal procedures, etc. are further supporting the growth of the Canada
medical aesthetic devices market in the upcoming five years,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Canada Medical Aesthetic
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, 2027” has
evaluated the future growth potential of Canada medical aesthetic devices market
and provides statistics & 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 Canada medical aesthetic devices market.
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