Aesthetic Devices Market To 2017
By: GBI Research
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The global market for medical aesthetic devices is forecast to reach $3.5 billion in 2017 at a CAGR of 7%. The growth is primarily driven by factors such as competition between the non-core and core physicians that have reduced the overall cost of the aesthetic procedures and the inception of minimally invasive and non-invasive aesthetic procedures. The significant growth of medical aesthetic devices in 2010 is led by the recovery of some of the developed economies after the slowdown experienced in 2009 due to the recession. The market is on an upward trend, due to an increasing desire to look youthful. Lack of reimbursements for aesthetic devices is perceived as a major drawback as this can have a significant effect on the overall growth.
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