The global medical aesthetic devices market size is expected to reach USD 34.54 Billion in 2030 and register a revenue CAGR of 11.08% over the forecast period, according to latest report by Reports and Data. Continuously increasing Research & Development (R&D) of more advanced, safer, and cost-effective medical aesthetic devices is driving market revenue growth.
Medical aesthetic devices consist of all medical equipment used for improving patient’s physical appearance and features by using non-invasive or minimally invasive cosmetic procedures. Medical aesthetic devices are not limited to dentists, dermatologists, and plastic surgeons, since doctors of different specialties aim to address their patients’ aesthetic needs and preferences. These devices are used for body beautification, correction, and improvement procedures, such as plastic surgeries, unwanted hair removal, excess fat removal, anti-aging, aesthetic implants, and skin tightening, among others. Some applications are conducted under local anesthesia, while others are performed without any anesthetics.
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Negative perceptions of aesthetic procedures, as well as religious and ethical concerns about some aesthetic treatments, such as alterations, augmentations, erasures, and fillings, contribute to social stigmas associated with medical aesthetic treatments. Invasive anti-aging treatments, such as BOTOX or cosmetic surgery, are still not accepted by some people. The aforementioned factors are limiting revenue growth of the global medical aesthetic devices market to some extent.
Some Key Highlights from the Report:
- In November 2019, Evonik and BellaSeno GmbH signed a long-term agreement to use a RESOMER bioresorbable polymer in a new breast implant technology. RESOMER polymer has mechanical properties and a degradation profile that allows scaffold to safely absorb at a rate that corresponds to the formation of patient’s tissue. It is intended for use after breast reconstruction, augmentation, or revision surgery.
- Facial aesthetic procedures segment accounted for a significant revenue share in 2021. One of the popular procedures is carbon laser peel. It is painless and shows immediate effects with little to no downtime. Carbon in liquid form is applied to face during this treatment. The skin is treated with a Q-Switched Nd: YAG Laser, which is absorbed by carbon particles. This acts as an exfoliant, removing dirt and debris from skin. Collagen production is boosted as a result of this.
- Hospitals segment accounted for a significant revenue share in 2021. A large number of aesthetic procedures, particularly breast procedures, blepharoplasty, lipoplasty, rhinoplasty, and other minimally invasive procedures, are performed in hospitals. With the global rise in obesity and issue of being overweight, as well as a large segment of developed market’s high-income population opting for better overall looks, increase in overall medical aesthetic procedures is boosting the growth of the hospital segment.
- Market in Latin America accounted for a moderate revenue share in 2021, as a result of increased awareness and information regarding medical aesthetic procedures. Leading market players are focusing on making significant investments in LATAM in order to supply cost-effective technologies and grow their market share. LATAM has emerged as a popular destination for medical tourism.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, and product & service portfolio. The Medical Aesthetic Devices market is extremely competitive and consists of several key players at the regional and global levels. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures, and collaborations to strengthen their market position and enhance their product portfolio.
Leading companies operating in the market are:
- Allergan Aesthetics
- Alma Lasers
- Anika Therapeutics, Inc.
- Cutera
- Cynosure
- El.En. S.p.A
- Mentor Worldwide LLC
- Merz Pharmaceuticals, LLC
- Fontona
- GALDERMA Laboratories, L.P
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Medical Aesthetic Devices Market Segmentation:
Type Outlook:
- Energy-based
- Laser-based
- Radiofrequency-based
- Light-based
- Ultrasound
- Others
- Non-energy Based
- Botulinum Toxin
- Dermal Fillers and Aesthetic Threads
- Microdermabrasion
- Implants
- Others
Application Outlook:
- Skin Resurfacing and Tightening
- Body Contouring
- Cellulite Reduction
- Hair Removal
- Facial Aesthetic Procedures
- Breast Augmentation
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)
Some essential purposes of the Medical Aesthetic Devices market research report:
- Vital Developments: Custom investigation provides critical improvements to the Medical Aesthetic Devices market, including R&D, new item shipment, coordinated efforts, development rate, partnerships, joint efforts, and local development of rivals working in the market on a global scale and regional.
- Market Characteristics: The report contains Medical Aesthetic Devices market highlights, income, limit, limit utilization rate, value, net, creation rate, generation, utilization, import, trade, supply, demand, cost, part of the industry in general, CAGR, and gross margin. Likewise, the market report offers an exhaustive investigation of the elements and their most recent patterns, along with Service market fragments and subsections.
- Investigative Tools: This market report incorporates the accurately considered and evaluated information of the major established players and their extension into the Medical Aesthetic Devices market by methods. Systematic tools and methodologies, for example, Porter’s Five Powers Investigation, Possibilities Study, and numerous other statistical investigation methods have been used to analyze the development of the key players working in the Medical Aesthetic Devices market.
- Convincingly, the Medical Aesthetic Devices report will give you an unmistakable perspective on every single market reality without the need to allude to some other research report or source of information. This report will provide all of you with the realities about the past, present, and eventual fate of the Medical Aesthetic Devices market.
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