ALISO VIEJO, Calif., Aug. 4 Over the next five years, newbody shaping and skin tightening technologies will drive double-digit growthin the global aesthetic industry, according to the just-released GlobalAesthetic Market V research report from Medical Insight, Inc.
The GAM V study, which is the only published report providingcomprehensive and in-depth global analysis of the entire $5.2 billionaesthetic industry, describes in detail how these relatively new categorieswill play prominent roles in escalating industry sales, projected to reach$8.9 billion by 2012. Among highlights in the fifth edition of thissemi-annual forecast:
-- Body Shaping, the larger of the two businesses, will grow from $384.5million in global supplier sales to $809.6 million by 2012, for 22.7% annualgrowth;
-- Skin Tightening will expand from $110.7 million in equipment revenuesto $206 million in 2012, reflecting 18.9% annual growth;
-- Energy-based devices will earn manufacturers more than $1.6 billion in2012, growing by 6.3% per year from $1.1 billion in 2008 after a slightdecline in early 2008.
"Although the aesthetic device industry experienced a contraction in thefirst two quarters of 2008 due to a weaker U.S. economy with reduced spending,the body shaping and skin tightening sectors will drive overall growth of 13%per year in the aesthetic market," said Michael Moretti, president of MedicalInsight, Inc. and editor of the GAM V study. "These two sets of technologiesaddress a major problem associated with aging that until now, has not beensolved. Combined, these two segments will represent more than $9 billion inphysician fees and over $1 billion in device sales revenues by 2012."
Public companies detailed in GAM V include Allergan, Bioform, Candela,Cutera, Cynosure, Medicis, Mentor, Obagi, Palomar, Syneron, Thermage and morethan three dozen others, including the leading startup players.
GAM V provides critical information on every product and procedure segmentof the medical aesthetic industry. For more information and to preview atable of contents and Executive Summary, visit http://www.miinews.com.
About Medical Insight, Inc.
Medical Insight, Inc. is the industry leader in syndicated and customresearch for the aesthetic market. Under the leadership of Michael Moretti,Medical Insight Inc. has collected data for over 20 years on procedure volume,revenues, product sales, new product introductions, market forecasts andtrends, delivering detailed analyses that are used by many of the industry'stop decision makers.
Contact: Medical Insight, Inc.
Michael Moretti, 949/830-5409
Email: [email protected]
SOURCE Medical Insight, Inc.