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New Procedures to Drive Growth of $5 Billion Global Medical Aesthetic Industry
Date:2/23/2009

Global Aesthetic Market Study from Medical Insight, Inc. Provides Comprehensive Insights, Data and Forecasts

ALISO VIEJO, Calif., Feb. 23 /PRNewswire/ -- Over the next five years, new skin tightening and body shaping devices, dermal fillers and neuromodulators will drive double-digit growth in the global aesthetic industry, according to the newest Global Aesthetic Market VI research report from Medical Insight, Inc.

The 500-page GAM VI study, which is the only published report providing comprehensive and in-depth global analysis of the entire $5 billion aesthetic industry, describes in detail how, despite a softening economy, advanced new aesthetic products will play prominent roles in boosting industry sales to $8.2 billion by 2012. Among highlights in the sixth edition of this semi-annual forecast:

  • Skin Tightening will expand by 21.3% per year from $79.3 million in 2008 equipment revenues to $171.4 million in 2012;
  • Body Shaping devices will rise from $361.9 million in global supplier sales to $752.9 million by 2012, for 20.1% annual growth;
  • Dermal Filler sales will expand by 15.6% per year from $822.6 million in 2008 to $1.4 billion in 2012;
  • Neuromodulators will grow by 14.8% annually from $898.6 million in 2008 to $1.5 billion in 2012 with the introduction of new products to compete with Botox.

"Although the aesthetic device industry contracted in 2008 due to a deepening global recession, consumer demand for cost effective treatments that address significant age-related problems represent a highly sustainable long-term market," said Michael Moretti, president of Medical Insight, Inc. and editor of the GAM VI study. "Skin tightening and body shaping are new technologies that meet this need, while popular facial injectables like Restylane and Botox continue to be utilized as a quick, afforda
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SOURCE Medical Insight, Inc
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