BEAUTY DERMABRASION EQUIPMENT MARKET ANALYSIS
North America is expected to hold dominant position in the market, owing to large healthcare industry in the region and adoption of acquisition and collaboration strategies by the market players in the region. For instance, in December 2018, HydraFacial Company entered into a collaboration with SENTÉ, a privately held specialty aesthetics designer. This collaboration aimed to launch SENTÉ Dermal Repair, a patented sulfated glycosaminoglycan (SuGAG) equivalent technology that is clinically proven to offer rapid skin rejuvenation. The SENTÉ Dermal Repair a booster, when combined with HydraFacial’s treatments offers increased superficial and deep hydration and reduces the appearance of fine lines, wrinkles & redness.
Moreover, in February 2014, PhotoMedex, Inc. signed an agreement to acquire LCA-Vision, a provider of laser vision correction services. The agreement was signed for US$ 106 million, which accounts for US$ 5.37 per share. This agreement is expected to grow with influential economic and profitable long-term growth in the market.
Moreover, Asia Pacific is expected to witness significant growth over the forecast period. For instance, in April 2013 Shanghai Fosun Pharma Group (Fosun Pharma) acquired Alma Lasers (Caesarea, Israel), a subsidiary of Alma Lasers Ltd. This acquisition was valued at US$ 240 million. With this acquisition Fosun Pharma gained a leading position in the international aesthetic medical device market.
Geographies covered
North America, Europe, Asia Pacific
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