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Non-Tech : Trends Worth Watching

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From: Sam Citron8/24/2007 12:39:11 PM
   of 3363
 
BODY SHAPING AND SKIN TIGHTENING DRIVE GLOBAL AESTHETIC INDUSTRY TO $15 BILLION BY
2011

Global Aesthetic Market Study from Medical Insight, Inc. Charts Growth Path with
Comprehensive Data and Forecasts

ALISO VIEJO, Calif., July 30, 2007 /PRNewswire via COMTEX/ -- Over the next five
years, the emerging market segments of body shaping and skin tightening will be prime
catalysts behind unprecedented growth in the global aesthetic industry, according to
the just-released Global Aesthetic Market research report from Medical Insight, Inc.

This report, which provides in-depth analysis and a five-year forecast of the $8.4
billion global aesthetic industry, indicates these relatively new categories will
play prominent roles in record industry growth, projected to increase by 12.5%
annually and reach $15.3 billion by 2011. Among highlights in the newest edition of
this annual market study:

-- Total worldwide sales of aesthetic equipment, currently estimated at

$1.2 billion, will rise by 10.3% per year, reaching over $1.9 billion

in 2011. Total related fees will grow 16.1% annually, to $34.9 billion

during the same period.

-- Body shaping and skin tightening devices will drive aggressive

expansion in the device category, with CAGRs of 20.7% and 15.7%

respectively, escalating from $231.6 million in 2006 to $564.5 million

in global sales by 2011.

"Five years ago, skin tightening and body shaping were pipeline industries, embraced
by forward-looking companies seeking to expand market share," said Michael Moretti,
President of Medical Insight, Inc. and editor of the 400-page Global Aesthetic Market
Study. "The rapid emergence of energy- based technologies and innovative devices are
creating new sources of revenue for brands currently in the market and will pave the
way for others to enter the field. These modalities will also drive growth in the
lucrative non- physician aesthetic category, including medispas and corporate
franchises."

Body shaping encompasses a range of procedures that target size and weight
reduction, as well as toning, firming and cellulite treatment. Skin tightening
procedures address wrinkles and skin laxity on the face and body. In 2006, over 14
million procedures were performed in this category, generating in excess of $4
billion in practitioner fees.

"By 2011, we'll see more than 36 million procedures in these areas, producing over
$8 billion in professional fees," according to Moretti. "U.S. fee growth will
outpace that of the rest of the world as the U.S. continues to support strong demand
and high pricing."

Another important factor expanding manufacturer revenues in this space is sales of
disposable components for aesthetic devices. Over the next five years, sales of
disposables are expected to rise strongly by 39.7% per year to more than $400.6
million.

Public companies detailed in this report include Allergan , Candela , Cutera ,
Cynosure , Iridex , J&J , Medicis , Mentor , Obagi , Palomar , P&G , Syneron
and Thermage . Numerous private companies, including many new ventures, are also
profiled.

The Global Aesthetic Market Study provides critical information on every segment of
the aesthetic industry including skin tightening systems, body shaping devices,
dermal fillers, laser and light-based equipment, botulinum toxins, emerging skin
rejuvenation technologies, home-based aesthetic devices and anti-aging topicals.

For
more information and to preview a Table of Contents and Executive Summary, visit
www.miinews.com.

About Medical Insight, Inc.

Medical Insight, Inc. is the industry leader in sector and custom market research.
Led by founder Michael Moretti, Medical Insight, Inc. has reported data for over 20
years on procedure volume, revenues, product sales, new product introductions, market
forecasts and trend analysis.

SOURCE Medical Insight, Inc.
marketwatch.com
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