The Argentina Aesthetic Devices Market is expected to register a CAGR of 5.5% during the forecast period, 2020-2025. This is attributing the increasing obese population, increasing awareness regarding aesthetic procedures, and rising adoption of minimally invasive devices, technological advancement in devices. The concern of people about their appearance is gradually on the increase. There is an increasing rate procedure in developed countries like chile due to the fact that people are getting more concerned with their appearance, especially with the high standard of living. With the advent of the internet, information became accessible to everyone and people started becoming more aware of the aesthetic procedures. Furthermore, Increasing R&D expenditure by innovators and generic players and rising aging population will also fuel the Argentina Aesthetic Devices Market.
Key Market Trends
Hair Removal is Expected to Hold Significant Market Share in the Application Segment
Getting rid of unwanted body hair is one such problem that everyone had faced at some point in their lives. For more than two decades, such people have been turning to several processes of hair removal to help them mitigate this common issue that virtually everyone faces. Since the introduction of laser light and energy-based devices for the removal of unwanted hair, aesthetic physicians and dermatologists have been able to offer effective treatments to patients that have withstood the test of time, leading to the high growth of medical aesthetics devices market. Hence, with the rising number of surgical procedures performed globally, the market is expected to witness rapid growth.
Moreover, as per ISAPS International Study on Aesthetic/Cosmetic Procedures Performed in 2018, Argentina comes under the top 10 countries for the cosmetic procedures to perform with around 608,960 procedures. Thus, the prevalence of cosmetic procedures likely positively impacts segment growth.
The Argentina Aesthetic Devices Market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are AbbVie Inc. (Allergan Inc.), Alma Lasers Ltd. (Sisram Med), Bausch Health Companies Inc. (Solta Medical, Inc.), Cutera Inc., Johnson & Johnson, Hologic Inc., Lumenis Inc., Sciton Inc., CANDELA CORPORATION and Venus Concept.
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