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The Mexican Aesthetic Devices Market is segmented by Type of Devices, Application, and End User
The Mexican aesthetic devices market is anticipated to record a CAGR of 8.33%, during the forecast period. The major factors attributing to the growth of the Mexican aesthetic devices market are increasing obese population, increasing awareness regarding aesthetic procedures, rising adoption of minimally invasive devices, and technological advancement in devices. The growing aesthetic consciousness among people, especially the elderly population, is creating the demand for various devices being utilized in aesthetic procedures. The increasing trend of fashion and growing consciousness of self-beauty and personal care and the increase in disposable income are some of the opportunities for market players. Mexico, being a member of the North America Free Trade Association (NAFTA), has a friendlier regulatory climate, without import duties (for American and Canadian companies). The other factor helping the growth of the aesthetic devices market is the increase in the number of cosmetic surgeries performed annually. Even though the rate of increase is not high in the country, the fact still remains that people are getting more concerned with their appearance, especially with the increasing standard of living, which may boost market growth during the forecast period.
Aesthetic devices refer to all medical devices that are used for various cosmetic procedures, which include plastic surgery, unwanted hair removal, excess fat removal, anti-aging, aesthetic implants, skin tightening that are used for beautification, correction, and improvement of the body.
|By Type of Devices|
|Other Aesthetic Devices|
|Skin Resurfacing and Tightening|
|Body Contouring and Cellulite Reduction|
|By End User|
|Other End Users|
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Getting rid of unnecessary body hair is one of those challenges that everyone has faced in their lives at some point. These people have been turning to several hair removal methods for more than two decades to help them overcome this common problem that nearly everyone faces. Since the development of energy-based devices and laser light for the removal of unwanted hair, aesthetic clinicians and plastic surgeons have been able to offer patients withstanding the test of time effective treatments. So, owing to these factors, the demand for these devices is increasing, which is boosting the market growth.
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The Mexican aesthetic devices market is competitive and consists of several players. In terms of market share, few of the major players are currently dominating the market and some prominent players are vigorously making acquisitions and joint ventures with the other companies to consolidate their market positions in the country. Some of the companies which are currently dominating the market are Allergan Inc., Lumenis Inc., Johnson & Johnson, Alma Lasers, and Galderma Pharmaceuticals.
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 Obese Population
4.2.2 Increasing Awareness Regarding Aesthetic Procedures
4.3 Market Restraints
4.3.1 Poor Reimbursement Scenario
4.3.2 Cost of Aesthetic Procedures
4.4 Porter's Five Forces 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 of Devices
5.1.1 Energy-based Aesthetic Device
22.214.171.124 Laser-based Aesthetic Device
126.96.36.199 Radiofrequency (RF) Based Aesthetic Device
188.8.131.52 Light-based Aesthetic Device
184.108.40.206 Ultrasound Aesthetic Device
5.1.2 Non-energy-based Aesthetic Device
220.127.116.11 Botulinum Toxin
18.104.22.168 Dermal Fillers and Aesthetic Threads
22.214.171.124 Chemical Peels
5.1.3 Other Aesthetic Devices
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 Tattoo Removal
5.2.5 Breast Augmentation
5.2.6 Other Applications
5.3 By End User
5.3.3 Other End Users
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Allergan Inc.
6.1.2 Lumenis Inc.
6.1.3 Johnson & Johnson
6.1.4 Alma Lasers
6.1.5 Galderma Pharmaceuticals
6.1.6 Syneron Medical Ltd
6.1.7 Venus Concept
6.1.8 Hologic Inc.
6.1.9 Merz Pharma
6.1.10 Bausch Health Companies Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies and Recent Developments