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The Japan aesthetic devices market is segmented by Type (Energy-based Aesthetic Device, Non-energy-based Aesthetic Device and Other Devices), by Application and by End User.
2018 - 2026
Japan aesthetic devices market is primarily driven by the aging population and growing demand for minimally invasive aesthetic devices.
Japan has one of the highest percentages of the elderly population. According to World Health Organization, Japan was the world’s most aged population in 2017 with 33% of the population aged 60 or over, and it is projected to remain so through 2050 where 42% of the population will be aged 60 or over. Aging takes its toll on the skin as it starts to wrinkle with age. This is the major factor for the growth of the aesthetic devices market in Japan. Other factors like increasing awareness regarding aesthetic procedures, rising adoption of technologically advanced devices have also helped propel the growth of this market.
However, reimbursement issues and stringent safety regulations for aesthetic devices and procedures have dissuaded some companies from entering this market. This has, hence, acted as a restraining factor for the growth of this market.
The scope of the aesthetic devices market refers to all medical devices that are used for various cosmetic procedures, which include plastic surgery, unwanted hair removal, excess fat removal, anti-ageing, skin tightening, etc., that are used for beautification, correction, and improvement of the body. Aesthetic procedures include both surgical and non-surgical procedures.
|Skin Resurfacing and Tightening|
|Body Contouring and Cellulite Reduction|
|Facial Aesthetic Procedures|
|By End User|
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The Skin resurfacing and tightening procedures are expected to grow significantly over the forecast period, owing to the increasing demand of cosmetic procedures, increasing ageing population and technological advancements in the development of novel devices.
It is performed to remove the blotches, scars, wrinkles or lines on the skin, that had developed as a result of ageing, acne or due to excessive exposure to sun, thus provides a smoother and younger looking skin.
The skin tightening treatment also promotes the growth of new collagen in the treated areas and helps in the absorption of more collagen from surrounding , untreated areas.
As per Azabu Skin Clinic, In Japan, 60,000 people have recovered their youthfulness through Thermacool , a therapeutic device that uses Radio Frequency (RF) to improve sagging skin and wrinkles. Thus, in view of the aforementioned factors, the skin resurfacing and tightening segment is expected to witness a significant growth over the forecast period.
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Many global players hold substantial share Japan aesthetic devices market. Japan healthcare system is well established and hence companies find it easier to follow the documented guidelines. This encourages many companies to enter this market.
On May 8 2020, AbbVie has completed the acquisition of Allergan. AbbVie planning to launch Allergan Aesthetics, a global subsidiary under the umbrella of the AbbVie-Allergan merger.
The key market players operating in the market are AbbiVe (Allergan Inc), Cutera Inc., Lumenis Inc., Venus Concept and Bausch Health Companies Inc. among others
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Awareness Regarding Aesthetic Procedures and Rising Adoption of Minimally Invasive Devices
4.2.2 Rapidly Increasing Aging Population
4.2.3 Technological Advancements
4.3 Market Restraints
4.3.1 Stringent Safety Regulations and Reimbursement Issues for Aesthetic Procedures
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Energy-based Aesthetic Device
18.104.22.168 Laser-based Aesthetic Device
22.214.171.124 Radiofrequency (RF) Based Aesthetic Device
126.96.36.199 Light-based Aesthetic Device
188.8.131.52 Ultrasound-based Device
5.1.2 Non-energy-based Aesthetic Device
184.108.40.206 Botulinum Toxin
220.127.116.11 Dermal Fillers and Aesthetic Threads
18.104.22.168.1 Breast Implants
22.214.171.124.2 Other Implants
5.2 By Application
5.2.1 Skin Resurfacing and Tightening
5.2.2 Body Contouring and Cellulite Reduction
5.2.3 Hair Removal
5.2.4 Facial Aesthetic Procedures
5.2.5 Breast Augmentation
5.2.6 Other Applications
5.3 By End User
5.3.2 Aesthetic Centers
5.3.3 Home Settings
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 AbbVie (Allergan plc)
6.1.2 Bausch Health Companies Inc. (Solta Medical, Inc.)
6.1.3 Cutera Inc.
6.1.4 Cynosure Inc
6.1.5 Lumenis Inc
6.1.6 El En SpA
6.1.7 Sciton Inc
6.1.8 Venus Concept
6.1.9 Merz Pharma GmbH & Co, KGaA
6.1.10 Galderma S.A.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments