Medical Aesthetic Devices Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 27.09 Billion |
| Market Size (2029) | USD 44.27 Billion |
| CAGR (2024 - 2029) | 10.32 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Medical Aesthetic Devices Market Analysis
The Medical Aesthetic Devices Market size is estimated at USD 27.09 billion in 2024, and is expected to reach USD 44.27 billion by 2029, growing at a CAGR of 10.32% during the forecast period (2024-2029).
Major factors such as the increasing obese population, awareness regarding aesthetic procedures, rising adoption of minimally invasive devices, and technological advancement in aesthetic devices are propelling the growth of the market.
The increasing volume of aesthetic procedures worldwide also contributes to the market's growth. For instance, according to the International Society of Aesthetic Plastic Surgery (ISAPS) survey released in September 2023, around 14.9 million cosmetic surgical procedures and 18.8 million non-surgical cosmetic procedures were performed globally in 2022, an overall 11.2% increase from the previous year. Furthermore, in March 2023, according to the British Association of Aesthetic Plastic Surgeons (BAAPS), around 31,057 cosmetic surgical procedures were performed in the United Kingdom in 2022, an increase of 102% from the previous year. The increasing number of aesthetic procedures requires medical aesthetic devices. This creates the need for medical aesthetic devices, driving market growth.
The growing adoption of minimally invasive and non-invasive aesthetic procedures drives market growth. For instance, as per an article published in the Journal of Cureus in June 2023, awareness about dermal fillers increased among Saudi Arabia's population due to communication improvement. Physicians raise awareness by explaining to the patients how the procedure is performed, time involved in the procedure, the detection of adverse effcets and risks, and the influence of social media providing significant information about the procedures. With the advent of the internet, information became accessible to everyone, and people started becoming more aware of aesthetic procedures. Thus, the rise in awareness about medical aesthetic procedures will likely boost the sales of medical aesthetic devices, contributing to market growth.
The approval of products by various regulatory authorities is also boosting market growth. For instance, in June 2022, Cynosure launched the most advanced version of the PicoSure platform, the PicoSure Pro device, approved by the US FDA. The device is integrated with 755 nm picosecond lasers. Additionally, in January 2022, Lumenis received approval from Conformit茅 Europ茅enne (CE) for launching the Splendor X device in the United Kingdom, which can be used for wrinkles, vascular therapies, pigmented lesions, and hair removal. Thus, such product launches are expected to boost the adoption of medical aesthetic devices and contribute to market growth.
Thus, owing to the above-mentioned factors, such as increasing cosmetic procedures, rising awareness among the population, and adoption of minimally invasive procedures, the market is expected to grow during the forecast period. However, social stigma concerns related to aesthetic procedures and poor reimbursement scenarios for aesthetic procedures may hinder the market's growth.
Medical Aesthetic Devices Market Trends
Botulinum Toxin is Expected to Witness Significant Growth During the Forecast Period
Botulinum toxin is a neurotoxic protein produced by the bacterium Clostridium botulinum. Botulinum toxin injections tend to block the nerve signals in the muscle in which it is injected. The muscle cannot contract without a signal, so it diminishes or decreases unwanted facial wrinkles or appearance. As a result, highly diluted concentrations of botulinum toxin are used for cosmetic and non-cosmetic purposes, such as for treating frown lines between the eyebrows, dystonia, chronic migraine, and other purposes.
Factors like the popularity of botulinum toxin procedures among young adults, the rise in demand for minimally invasive cosmetic methods, a higher number of beauty-conscious populations, and the launch of products are propelling the growth of the segment.
The rising botulinum toxin procedures are contributing to market growth. For instance, in the global survey 2022 report published by the International Society of Aesthetic Plastic, there were 9,221,419 botulinum toxin procedures done worldwide in 2022, which increased by 26.1% compared to the previous year. It also reported that 47.9% of individuals globally aged 35-50 had botulinum toxin procedures done on them. Such a high adoption of botulinum toxin procedures creates more demand, thus driving the segment's growth.
The major players in the market are investing more in importing and exporting botulinum toxin products and keenly investing in technological advancements. For example, in September 2022, Revance Therapeutics Inc. received approval from the US Food and Drug Administration (US FDA) for its DAXXIFY (DaxibotulinumtoxinA-lanm) injection, which can used to improve moderate to severe frown lines (glabellar lines) in adults.
Thus, owing to the above-mentioned factors, such as increasing botulinum toxin procedures and product launches by market players, the botulinum toxin segment is expected to witness significant growth during the forecast period.
North America is Expected to Hold a Significant Market Share During the Forecast Period
North America's medical aesthetic devices market is expected to witness significant growth owing to the increasing volume of different aesthetic procedures, rising awareness about aesthetic and minimally invasive procedures, and technological advancement.
The region's large volume of aesthetic procedures creates the need for aesthetic devices, thus driving the market's growth. For instance, in February 2023, according to the American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS), among all the total procedures performed in 2022 in the United States, about 82% were minimally invasive, and the remaining 18% were surgical procedures. The most common treatments in 2022 were neurotoxins, fillers, and topicals, and surgical procedures were facelifts, blepharoplasties, and rhinoplasties. Additionally, according to the International Society of Aesthetic Plastic Surgeons (ISAPS) survey released in September 2023, around 1,693,325 aesthetic procedures were performed in Mexico in 2022, of which 938,096 were aesthetic surgical procedures, and 755,229 were non-surgical aesthetic procedures. Thus, the increasing number of cosmetic procedures among the population is anticipated to boost the market's growth during the forecast period.
Also, the high concentration of key players in the region and subsequent product launches play a vital role in the market鈥檚 growth. For instance, in July 2023, Alma introduced the commercial availability of Alma Veil in the United States. This device is incorporated with three technologies, including a 532 nm laser, a 1,064 nm laser, and MicroPulse mode, which are effective for addressing superficial vascular conditions and safe for darker skin types.
Market players use strategic initiatives to strengthen their position and boost the growth of the market. For instance, in July 2023, Health Canada authorized Clarion Medical Technologies Inc. to market the clinically demonstrated low complication rates and enhanced patient safety of the silicone gel breast implant Sientra. Additionally, in February 2022, Sinclair acquired Viora to enhance its product portfolio of energy-based devices used in skin tightening, body contouring, cellulite and circumferential reduction, scar and stretch mark revision, acne clearance, hair reduction, skin rejuvenation, wrinkle reduction, and maximizing the customer base in the United States.
Thus, the aforementioned factors, such as increasing cosmetic aesthetic procedures, product launches, and key initiatives adopted by market players, are expected to boost market growth during the forecast period in North America.
Medical Aesthetic Devices Industry Overview
The medical aesthetic devices market is semi-consolidated and consists of many players. Companies like Abbvie Inc. (Allergan PLC), Alma Lasers Ltd (Sisram Med), Bausch Health Companies Inc. (Solta Medical Inc.), Cutera Inc., El. En. (Asclepion Laser Technologies), Lumenis Inc., Sciton Inc., and Syneron Medical Ltd hold a substantial share of the market.
Medical Aesthetic Devices Market Leaders
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Cynosure
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Abbvie Inc.(Allergan plc)
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Alma Lasers (Sisram Med)
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Bausch Health Companies Inc. (Solta Medical Inc.)
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Johnson & Johnson Private Limited
*Disclaimer: Major Players sorted in no particular order
Medical Aesthetic Devices Market News
- April 2024: GC Aesthetics launched a micro-textured anatomical breast implant LUNA XT approved by the European Medical Device Regulation (MDR). This breast implant comprises a microtextured surface, cohesive silicone gel, and a high-performance shell, which women can use for breast augmentation procedures.
- March 2024: Abbvie received approval from the US Food and Drug Administration for its hyaluronic acid dermal filler JUVEDERM VOLUMA XC injection, which can be used to improve moderate to severe temple hollowing in adults above 21 years.
Medical Aesthetics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Obese Population
4.2.2 Increasing Awareness Regarding Aesthetic Procedures and Rising Adoption of Minimally Invasive Devices
4.2.3 Technological Advancement in Aesthetics Devices
4.3 Market Restraints
4.3.1 Social Stigma Concerns
4.3.2 Poor Reimbursement Scenario
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Type of Device
5.1.1 Energy-based Aesthetic Device
5.1.1.1 Laser-based Aesthetic Device
5.1.1.2 Radiofrequency (RF)-based Aesthetic Device
5.1.1.3 Light-based Aesthetic Device
5.1.1.4 Ultrasound Aesthetic Device
5.1.2 Non-energy-based Aesthetic Device
5.1.2.1 Botulinum Toxin
5.1.2.2 Dermal Fillers and Aesthetic Threads
5.1.2.3 Microdermabrasion
5.1.2.4 Implants
5.1.2.4.1 Facial Implants
5.1.2.4.2 Breast Implants
5.1.2.4.3 Other Implants
5.1.2.5 Other Aesthetic Devices
5.2 By Application
5.2.1 Skin Resurfacing and Tightening
5.2.2 Body Contouring and Cellulite Reduction
5.2.3 Hair Removal
5.2.4 Facial Aesthetic Procedures
5.2.5 Breast Augmentation
5.2.6 Other Applications
5.3 By End User
5.3.1 Hospitals
5.3.2 Clinics
5.3.3 Home Settings
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPANY PROFILES AND COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Abbvie Inc. (Allergan PLC)
6.1.2 Alma Lasers (Sisram Med)
6.1.3 Bausch Health Companies Inc. (Solta Medical Inc.)
6.1.4 Cutera
6.1.5 El.En. S.p.A. (Asclepion Laser Technologies)
6.1.6 Cynosure
6.1.7 Boston Scientific Corporation (Lumenis Inc.)
6.1.8 Sciton Inc.
6.1.9 Candela Corporation
6.1.10 Venus Concept
6.1.11 Johnson & Johnson Private Limited
6.1.12 Merz Pharma
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Medical Aesthetic Devices Industry Segmentation
As per the scope of the report, medical aesthetic devices refer to all medical devices that are used for various cosmetic procedures, which include plastic surgery, unwanted hair removal, excess fat removal, anti-aging, aesthetic implants, skin tightening, etc., that are used for beautification, correction, and improvement of the body.
The medical aesthetic devices market is segmented by type of device, application, end user, and geography. By type of device, the market is segmented into energy-based aesthetic devices and non-energy-based aesthetic devices. For energy-based aesthetic devices, the market is sub-segmented into laser-based aesthetic devices, radiofrequency (RF)-based, light-based, and ultrasound aesthetic devices. By non-energy-based aesthetic devices, the market is sub-segmented into botulinum toxin, dermal fillers and aesthetic threads, chemical peels, microdermabrasion, implants, and other aesthetic devices. By implants, the market is sub-segmented into facial implants, breast implants, and other implants. By application, the market is segmented into skin resurfacing and tightening, body contouring and cellulite reduction, hair removal, facial aesthetic procedures, breast augmentation, and other applications. By end user, the market is segmented into hospitals, clinics, and home settings. For each segment, the market size is provided in terms of value (USD).
| By Type of Device | |||||||||||
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| By Application | |
| Skin Resurfacing and Tightening | |
| Body Contouring and Cellulite Reduction | |
| Hair Removal | |
| Facial Aesthetic Procedures | |
| Breast Augmentation | |
| Other Applications |
| By End User | |
| Hospitals | |
| Clinics | |
| Home Settings |
| Geography | ||||||||
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Medical Aesthetics Market Research FAQs
How big is the Medical Aesthetic Devices Market?
The Medical Aesthetic Devices Market size is expected to reach USD 27.09 billion in 2024 and grow at a CAGR of 10.32% to reach USD 44.27 billion by 2029.
What is the current Medical Aesthetic Devices Market size?
In 2024, the Medical Aesthetic Devices Market size is expected to reach USD 27.09 billion.
Who are the key players in Medical Aesthetic Devices Market?
Cynosure, Abbvie Inc.(Allergan plc), Alma Lasers (Sisram Med), Bausch Health Companies Inc. (Solta Medical Inc.) and Johnson & Johnson Private Limited are the major companies operating in the Medical Aesthetic Devices Market.
Which is the fastest growing region in Medical Aesthetic Devices Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Medical Aesthetic Devices Market?
In 2024, the North America accounts for the largest market share in Medical Aesthetic Devices Market.
What years does this Medical Aesthetic Devices Market cover, and what was the market size in 2023?
In 2023, the Medical Aesthetic Devices Market size was estimated at USD 24.29 billion. The report covers the Medical Aesthetic Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Aesthetic Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the latest trends in Medical Aesthetic Devices?
The latest trends in Medical Aesthetic Devices are a) Minimally invasive procedures b) Technological advancements c) Personalized treatments
Medical Aesthetics Industry Report
The medical aesthetic equipment market is segmented by type of device, application, end-user, and geography. The market is experiencing robust growth, driven by an increasing demand for non-invasive cosmetic procedures and substantial technological advancements. This market includes a variety of segments, notably energy-based and non-energy-based devices, focusing on body contouring, skin rejuvenation, and anti-aging treatments. Non-energy-based devices are favored for their minimally invasive nature, aligning with consumer preferences for low-downtime treatments.
Regionally, North America leads due to its advanced healthcare infrastructure and a culture that values aesthetic enhancement. The Asian markets are rapidly growing due to increased disposable incomes and greater consumer awareness of aesthetic options. Despite hurdles like high costs and strict regulations, ongoing innovation in the aesthetic technology space, including the development of portable and multifunctional devices, is set to drive further market expansion.
For an extensive medical aesthetic industry overview, including insights on aesthetic medical device companies and medical aesthetics market share, 糖心vlog传媒鈩� offers detailed reports and forecasts. The market forecast indicates a positive trend in market growth, driven by market leaders who continue to innovate. The industry outlook remains optimistic as market trends show a steady increase in demand for both energy-based and non-energy-based devices.
The industry analysis reveals that the market size is expanding, with significant contributions from various segments such as skin resurfacing and tightening, body contouring, and facial aesthetic procedures. The market report provides comprehensive market data and market value insights, helping stakeholders to understand market segmentation and market predictions better.
The industry reports and industry research highlight the growth rate and industry statistics, which are crucial for understanding the overall market dynamics. The market overview and market review sections of the report offer a detailed examination of the current market conditions and future prospects.
In summary, the medical aesthetic equipment market is poised for significant growth, driven by technological advancements and increasing consumer demand for aesthetic treatments. Detailed industry information and industry sales data are available in the report pdf, which serves as a valuable resource for research companies and stakeholders looking to capitalize on the market opportunities.
