South & Central America Medical Aesthetics Market

Market Introduction

South and Central America region for the estimating the market for the Medical Aesthetics consist of countries such as Brazil, Argentina, and rest of South and Central America. The region held smallest portion of the market in the global analysis. Growth in this market is mainly driven by the growing adoption of minimally invasive and non-invasive aesthetic procedures, rising adoption among geriatric individuals, increasing public awareness about cosmetic procedures, the availability of technologically advanced & user-friendly products, and the increasing demand for aesthetic treatments. The market is likely to propel in the forecasted period owing to the recent technological developments which have made a direct impact on the economy of Brazil that has advanced to a large extent. The cost savings advantage and higher work efficiencies achieved are cited as the major attracting points for manufacturing companies to establish bases in South America. Brazil has around 200 million inhabitants and is marked as the fifth largest country in the world. Brazil comprises 26 states, spread over 876,599 km², and has regions with both high (southeast) and lower population density (north). However, Brazil has the sixth-largest GDP in the world, the fourth highest population among the countries listed, and a fairly high growth rate of the over 60s over the next 15 years, suggesting a huge market potential for healthcare IT products and services. After the USA, Brazil only ranks second for the most cosmetic procedures in 2017. The impressive number of Brazilian cosmetic procedures underscores a profitable market that attracts business opportunities in this area. Hence, there is a need to analyze the risk and consequences of cosmetic surgery to physical and mental health as a hidden cost to beauty in Brazil and recommend areas for improvement to the cosmetic surgery industry in Brazil to address the problems of surgical failure in Brazil Country. The Risk and Scoring Matrix was introduced to analyze the risks and consequences of cosmetic surgery to patients' physical and mental health, and the cause and effect model was finally used to identify the possible causes for Brazilians who lost their lives for the risk the beauty. Brazil has a high number of plastic surgeries. It is one of the countries where this type of procedure is most widely practiced. With a very open-minded customer base, cosmetic surgery is booming in Brazil. According to statistics recently published by the International Society of Aesthetic Plastic Surgery (ISAPS), Brazilian plastic surgeons performed almost 7 surgeries per 1,000 people in 2016. After the USA, the country only ranks second for the most cosmetic procedures in 2017 (ISAP, 2018). The impressive number of Brazilian cosmetic procedures underscores a profitable market that attracts business opportunities into this area. In Brazil, no plastic surgery specialist qualification is required by law to perform the procedure. Article 20 of the current legislation 23 only provides that the professional to promote operations in each medical field or specialty must be registered with the Regional Council of Medicine (CRM). Regarding the plastic surgery field, the Conselho Federal de Medicina (CFM) decisions recommend that the physicians require specific training to perform the procedure that includes a mandatory pre-qualification in general surgery, among other recommendations and provisions set out in corresponding resolutions that are established. The market for medical aesthetic devices in Brazil has grown rapidly in recent years. According to the 2018 International Society of Aesthetic Plastic Surgery report, Brazil has the maximum non-surgical procedures globally. Obesity is one of the key factors in the growth of the market. In addition, advances in technology in this area have made devices and instruments more precise and safer. Medical tourism in South American countries has also increased, which has also helped market growth in Brazil. Body contouring surgeries can include panniculectomy (removal of excess skin in the lower abdomen), tummy tuck (tummy tuck), liposuction, and excisional body lifts such as lower body lift arm lift (Brachioplasty), inner thigh lift, or buttock augmentation. According to 2018 reports from the International Society of Aesthetic Plastic Surgery, liposuction is the most commonly performed operation in Brazil, and it is steadily increasing. These factors have helped the market grow. However, concerns and social stigma of these operations and poor reimbursement scenarios have slowed market growth

 

The COVID-19 outbreak has severely impacted medical care in South and Central America. Also, the nations are famous for medical tourism, which is also affected by the pandemic. The second wave of the outbreak affected Brazil, Argentina, Uruguay, Chile, Peru, and Colombia. Among which Brazil recorded the majority of deaths. The region is expected to impose a second lockdown that will eventually hamper the region's healthcare industry. Market participants and end-users are losing their businesses due to the temporary closure of companies in different countries. In this situation, there was the discontinuation of physiotherapy and other related treatments. However, the COVID-19 outbreak has had a critical impact on the flow of medical care in the region. During the COVID-19 pandemic, South and Central America witnessed the shortage of hospital beds.

Due to the pandemic, measures such as social distancing and self-quarantine were imposed. Both approaches to security have shown that a person's interest in aesthetics, in general, has changed. As the pandemic progresses, these variables can, in the long run, contradict each other in shaping the changing public interest in aesthetic procedures. Many aesthetic procedures, such as lipoplasty, breast implantation, and cosmetic dental treatments, have been negatively impacted due to the COVID-19 crisis. As the focus on COVID-19 patients became critical, Several clinics have postponed or dropped numerous elective surgeries, especially those that are considered non-urgent. The markets associated with aesthetic procedures, such as implants, injections, bariatric medical procedures, and similar products, are severely affected. The number of aesthetic procedures is expected to gain momentum once there is a fall in the number of COVID-19 cases.

After the normal operation of aesthetic procedures has resumed, a mandatory COVID-19 test may be required in the future to receive any service. If patients need to be tested before the procedure, despite the diagnostic coronavirus test type, the location of sample collection and the logistics of safely and effectively sending samples to the laboratory are also important. Plastic surgery practices can either do smear tests on patients with the best tools possible or refer them to screening centers. Referring patients for preoperative screening tests requires coordination among the center, patient, and surgical plan. Additionally, most aesthetic surgery clients may be asymptomatic for COVID-19, and many walk-in centers may not conduct routine testing for asymptomatic patients. The referring doctor may then require a reference or request for an asymptomatic examination for the patient.

South & Central America Medical Aesthetics Strategic Insights

Strategic insights for the South & Central America Medical Aesthetics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South & Central America Medical Aesthetics Report Scope

South & Central America Medical Aesthetics Regional Insights

The geographic scope of the South & Central America Medical Aesthetics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Market Overview and Dynamics

The medical aesthetics market in SCAM is expected to grow from US$ 437.83 million in 2021 to US$ 814.57 million by 2028; it is estimated to grow at a CAGR of 9.3% from 2021 to 2028. Increasing use of dermal fillers and botulinum toxin for enhancing facial aesthetics; over the past two decades, there has been an unprecedented surge in the popularity of elective aesthetic procedures. Moreover, there is an increasing demand for less invasive aesthetic procedures such as dermal fillings and botulinum toxin A (BoNTA). The global statistics of the International Society of Aesthetic Plastic Surgery indicates the rise in the aesthetic applications of BoNTA and dermal filling implants by 7% and 18%, respectively, during 2015–2016. Nonsurgical facial rejuvenation using botulinum toxin and hyaluronic acid has become highly popular in the Middle East and other parts of the world in the last 10 years. The correction of facial rhythm and loss of volume is the basic principle of aesthetic rejuvenation of the face. Botulinum toxin injections are primarily indicated to correct dynamic rhytides, while dermal fillers aim to increase volume and improve static rhytides. Botulinum toxin, a powerful neurotoxin, causes chemodenervation of muscles. Dermal fillers is a non-energy-based procedure that adds volume and fullness to a person's skin. The cost efficiency and increasing aging population are the key factors driving the demand for dermal fillers. Further, surge in demand for superior materials and techniques required for dental aesthetics procedures has spurred research into the same. However, nonsurgical facial aesthetic procedures received less attention from the dental community until chemicals such as hyaluronic acid fillers and botulinum toxin were requested by patients, which led dental manufacturers to add these materials to their catalogs and advertisements. The increasing number of accredited basic and advanced hands-on training courses in the use of such materials has been advertised in most dental journals and journals that are currently available. Facial rejuvenation has become a major issue of psychosocial wellbeing in this era of fashion, beauty, and trends. Thus, the increasing use of dermal fillers and botulinum toxin for enhancing facial aesthetics is fueling the medical aesthetics market growth.

Key Market Segments

Based on product market is segmented into facial aesthetic products, body contouring devices, cosmetic implants, skin aesthetic devices, hair removal devices, tattoo removal devices and others. In 2020, the facial aesthetic products segment held the largest share of the market, by product. Based on the application market was segmented into facial and body contouring, facial and skin rejuvenation, breast augmentation, hair removal, reconstructive surgery, tattoo removal and others. In 2020, the facial and body contouring segment held the largest share of the market, by application. Based on the end user market was segmented into hospitals, dermatology clinics, medical spas and beauty centers and home care. In 2020, the hospitals segment held the largest share of the market, by end user.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the medical aesthetics market in SCAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Allergan Plc, Alma Lasers, Galderma, Hologic, Inc., and Mentor Worldwide, LLC among others.

 

 

Reasons to buy report

• To understand the SCAM medical aesthetics market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for SCAM medical aesthetics market
• Efficiently plan M&A and partnership deals in SCAM medical aesthetics market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SCAM medical aesthetics market
• Obtain market revenue forecast for market by various segments from 2021-2028 in SCAM region.

SCAM MEDICAL AESTHETICS MARKET SEGMENTATION

By Product

• Facial Aesthetic Products
  • Dermal Fillers
  • Botulinum Toxin
  • Microdermabrasion Devices
• Body Contouring Devices
  • Liposuction Devices
  • Nonsurgical Fat Reduction Devices
  • Cellulite Reduction Devices
• Cosmetic Implants
  • Breast Implants
  • Facial Implants
  • Others
• Skin Aesthetic Devices
  • Laser Skin Resurfacing Devices
  • Light Therapy Devices
  • Nonsurgical Skin Tightening Devices
  • Micro-Needling Products
• Hair Removal Devices
• Tattoo Removal Devices
• Others

 

By

Application

• Facial and Body Contouring
• Facial and Skin Rejuvenation
• Breast Augmentation
• Hair Removal
• Reconstructive Surgery
• Tattoo Removal
• Others

 

By

End User

• Hospitals
• Dermatology Clinics
• Medical Spas and Beauty Centers
• Home Care

By Country

• Brazil
• Argentina
• RoSCAM

Company Profiles

• Allergan Plc
• Alma Lasers
• Galderma
• Hologic, Inc.
• Mentor Worldwide, LLC