ALISO VIEJO, Calif., Aug. 4 /PRNewswire/ -- Over the next five years, new body shaping and skin tightening technologies will drive double-digit growth in the global aesthetic industry, according to the just-released Global Aesthetic Market V research report from Medical Insight, Inc.
The GAM V study, which is the only published report providing comprehensive and in-depth global analysis of the entire $5.2 billion aesthetic industry, describes in detail how these relatively new categories will play prominent roles in escalating industry sales, projected to reach $8.9 billion by 2012. Among highlights in the fifth edition of this semi-annual forecast:
-- Body Shaping, the larger of the two businesses, will grow from $384.5 million in global supplier sales to $809.6 million by 2012, for 22.7% annual growth;
-- Skin Tightening will expand from $110.7 million in equipment revenues to $206 million in 2012, reflecting 18.9% annual growth;
-- Energy-based devices will earn manufacturers more than $1.6 billion in 2012, growing by 6.3% per year from $1.1 billion in 2008 after a slight decline in early 2008.
"Although the aesthetic device industry experienced a contraction in the first two quarters of 2008 due to a weaker U.S. economy with reduced spending, the body shaping and skin tightening sectors will drive overall growth of 13% per year in the aesthetic market," said Michael Moretti, president of Medical Insight, Inc. and editor of the GAM V study. "These two sets of technologies address a major problem associated with aging that until now, has not been solved. Combined, these two segments will represent more than $9 billion in physician fees and over $1 billion in device sales revenues by 2012."
Public companies detailed in GAM V include Allergan, Bioform, Candela, Cutera, Cynosure, Medicis, Mentor, Obagi, Palomar, Syneron, Thermage and more than three dozen others, including the leading startup players.
GAM V provides critical information on every product and procedure segment of the medical aesthetic industry. For more information and to preview a table of contents and Executive Summary, visit http://www.miinews.com.
About Medical Insight, Inc.
Medical Insight, Inc. is the industry leader in syndicated and custom research for the aesthetic market. Under the leadership of Michael Moretti, Medical Insight Inc. has collected data for over 20 years on procedure volume, revenues, product sales, new product introductions, market forecasts and trends, delivering detailed analyses that are used by many of the industry's top decision makers.
Contact: Medical Insight, Inc.
Michael Moretti, 949/830-5409
|SOURCE Medical Insight, Inc.|
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