Vendors to focus on strategically expanding their distribution channels
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global cosmetic surgery market in their latest research report. This report also lists 31 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated from the execution of the following types of cosmetic surgeries:
- Breast augmentation
- Breast implant
- Breast lift
- Breast reduction
- Brow lift
- Buttock augmentation
- Chin augmentation
- Ear surgery
- Eyelid surgery
- Facelift
- Liposuction
- Lower body lift
- Male breast reduction
- Neck lift
- Nose surgery
- Thigh lift
- Tummy tuck
- Upper arm lift
- Fat transfer (breast, buttocks, and face)
This Technavio report, under the health and wellness vertical, is based on the synthesis, analysis, and interpretation of information about the global cosmetic surgery market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global market for cosmetic surgeries is highly organized and fragmented in nature owing to the presence of several vendors. The market is currently showcasing significant growth and is expected to grow further in emerging markets during the forecast period. Vendors in the market compete for the top position, with occasional spurts of competition from local manufacturers in various countries. The key focus areas of vendors in the global market for cosmetic surgeries are expansion of network and distribution in different countries, by approaching dermatologists and hospitals, and investing in the development of innovative treatment options. The market is characterized by aggressive innovation, M&A, product extensions, and product launches. Larger companies enter into product segments through inorganic growth. The market is also witnessing the entry of many new and upcoming vendors who are aiming at capturing the rising demand for various aesthetics procedures.
“Cosmetic surgeries are becoming increasingly popular among men. There has been a dramatic increase in both surgical and nonsurgical procedures over the past five years and a 43% increase overall. According to ISAPS, men had more than 3 million surgical and nonsurgical procedures in 2015. This indicates that the interest among men toward cosmetic surgeries is on a rise with balanced nose, face rejuvenation, and a trimmer waistline being the most common goals,” says Amber Chourasia, a lead analyst at Technavio for research on health and wellness.
Top five vendors in the cosmetic surgery market space
Allergan
Allergan, formerly Actavis, is a multi-specialty healthcare company. The company develops and offers pharmaceuticals, medical devices, biologics, and OTC products across the US, Latin America, Europe, and APAC. The company focuses on various therapeutic areas, including men’s and women’s health, ophthalmology, neurology, urology, and dermatology. Allergan’s brand portfolio provides treatments that address unmet medical needs in various categories, including dermatology and aesthetics in the cosmetic surgery market.
Key products: BOTOX Cosmetic, JUVÉDERM fillers, Natrelle, and LATISSE.
Cynosure
Cynosure develops, manufactures, and markets a wide range of aesthetic treatment systems for plastic surgeons, dermatologists, and other medical practitioners. The company also manufactures and markets radiofrequency energy sourced medical devices for precision surgical applications including facial plastic and general surgery, gynecology, ear, nose, and throat (ENT) procedures, ophthalmology, oral and maxillofacial surgery, podiatry, and proctology. The company markets products through independent distributors in around 120 countries and has a strong customer base in more than 60 countries and serves through its subsidiaries and global distributors.
Key products: Elite MPX, MedLite C6, Icon Aesthetic System, Pellevé RF wrinkle reduction system, Smartskin+, Smartlipo Triplex, SculpSure Laser System, SculpSure hyperthermic, PrecisionTx system, SmartLipo system, and Cellulaze system.
Merz Pharma
Merz Pharma engages in the research, development, and distribution of various products in the fields of aesthetic medicine and neurologically induced movement disorders. The company is a pioneer therapeutic area such as hair loss, medical dermatology, Alzheimer’s disease, liver disease, and Parkinson’s disease. The company also offers a wide range of health, wellness, beauty, and healthcare products. The company has branch offices in Europe, the US, Canada, Mexico, Brazil, and APAC.
Key products: Anteis, ETERMIS, RADIESSE, and Belotero.
Galderma
Galderma provides therapeutic and aesthetic solutions for skin diseases. The company’s focus areas include R&D, manufacturing, and marketing of a wide range of drugs, biosimilars, pharmaceuticals, and dermatology. It has a strong operational presence with five R&D centers spread across France, Sweden, Switzerland, the US, and Japan; six manufacturing sites in France, Canada, Sweden, Switzerland, Germany and Brazil; and 35 affiliates. Galderma is a wholly-owned subsidiary of Nestlé.
Key products: Macrolane, Azzalure, Emervel, Pliaglis, Epiduo, Qilib, and Restylane.
Valeant Pharmaceuticals
Valeant Pharmaceuticals engages in the development, manufacture, and distribution of a wide range of branded, generic pharmaceutical, OTC products, and medical devices. It specializes in dermatology, eye health, consumer health, and neurology. The two key business segments of the company include developed markets and emerging markets.
Key products: CeraVe, VASERlipo System, Liposonix, Thermage, Fraxel, Clear + Brilliant, and Obagi.
Other prominent vendors in this market include Alma Lasers, AQTIS Medical, AART, Andrew Technologies, BTL Industries, Cutera, ColBar LifeScience, Erchonia, Genesis Biosystems, HCBeauty, Hangzhou Techderm, Human med, InMode, Invasix Aesthetic Solutions, Laboratory Obvieline, Lumenis, Medytox, Mentor Worldwide, Polymekon, Qufu Guanglong Biochem, Revitacare, Suneva Medical, SciVision Biotech, Speciality European Pharma, Sciton, Syneron Medical, VCA Laser, Visionmed, Wells Johnson Company, YOLO Medicals, and ZELTIQ Aesthetics.
A more detailed analysis is available in the Technavio report, ‘Global Cosmetic Surgery Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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Browse related reports:
- Global Plastic Surgery Products Market 2016-2020
- Global Facial Aesthetics Market 2016-2020
- Global Non-invasive Fat Reduction Market 2016-2020
- Global Cosmetic Serum Market 2016-2020
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