Global Aesthetic Devices Market Report and Forecast 2023-2031
Global Aesthetic Devices Market Outlook
The global aesthetic devices market size reached a value of USD 14.14 billion in 2022. The market is likely to grow at a CAGR of 11% in the forecast period of 2023-2031 to reach a market value of USD 34.74 billion by 2031, driven by factors such as the increasing demand for minimally invasive cosmetic procedures and technological advancements in aesthetic devices.
Aesthetic Devices Market: Introduction
The market refers to the market for medical devices used for cosmetic treatments and procedures. Aesthetic devices are used for non-invasive or minimally invasive cosmetic procedures that enhance the appearance of individuals. The market is being driven by factors such as the increasing demand for minimally invasive cosmetic procedures, technological advancements in aesthetic devices, and the rise in disposable income.
Moreover, the rising geriatric population and the increasing prevalence of skin diseases and disorders are further propelling the growth of the aesthetic devices market. Technological advancements in aesthetic devices, such as laser and energy-based devices, are also contributing to the growth of the market by offering more precise and effective treatment options.
Aesthetic Devices - Application and Usage
The aesthetic devices market is primarily used for cosmetic treatments and procedures. Aesthetic devices are used for non-invasive or minimally invasive cosmetic procedures that enhance the appearance of individuals. These procedures include skin rejuvenation, body contouring, hair removal, and tattoo removal, among others.
Laser and energy-based devices are the most used aesthetic devices, which work by using light or heat to stimulate collagen production or destroy unwanted tissue. Other types of aesthetic devices include injectables, such as botulinum toxin and dermal fillers, and other non-energy-based devices, such as microdermabrasion and chemical peels.
Aesthetic Devices Market Segmentations
The market can be categorised into product, surgery type, application, gender, and end user.
Market Breakup by Type of Product
- Medicines
- Botox
- Dermal Fillers
- Others
- Devices
- Energy-Based Devices
- Laser-Based Devices
- Non-Ablative
- Pulse Energy Laser
- Diode Laser
- Others
- Ablative
- Carbon Dioxide Laser
- ER: YAG Laser
- Combined CO2 ER: YAG Laser
- Radiofrequency-Based Devices
- Light-Based Devices
- Ultrasound-Based Devices
- Others
- Non-Energy Based Device
- Microdermabrasion Devices
- Threads
- Cryotherapy Device
- Others
Market Breakup by Surgery Type
- Minimally Invasive
- Non-Invasive
Market Breakup by Application
- Skin Rejuvenation
- Skin Resurfacing
- Skin Tightening
- Hair Removal
- Acne
- Scar
- Tattoo Removal
- Others
Market Breakup by Gender
Market Breakup by End-User
- Hospitals
- Clinics
- Surgical Centres
- Others
Aesthetic Devices Market Breakup by Region
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Aesthetic Devices Market Scenario
he global aesthetic devices market is expected to witness significant growth in the coming years. The market is being driven by factors such as the increasing demand for minimally invasive cosmetic procedures, technological advancements in aesthetic devices, and the rise in disposable income.
North America dominated the global aesthetic devices market in 2020, followed by Europe and the Asia Pacific. The high demand for minimally invasive cosmetic procedures, the presence of many key players in the region, and the availability of advanced healthcare facilities are driving the growth of the market in North America and Europe.
The Asia Pacific region is expected to witness the highest CAGR during the forecast period, owing to the rising disposable income, increasing demand for cosmetic procedures, and advancements in healthcare infrastructure in the region. Moreover, the growing popularity of medical tourism in countries such as India, Thailand, and South Korea is expected to boost the growth of the aesthetic devices market in the Asia Pacific region.
Key Players in the Global Aesthetic Devices Market
The report gives an in-depth analysis of the key players involved in the aesthetic devices market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals. The companies included in the market are as follows:
- Alma Lasers Ltd.
- Merz Pharma GmbH & Co. KGaA
- Lumenis Be Ltd
- Hologic, Inc.
- Solta Medical
- Allergan plc
- Dentsply Sirona Inc.
- Johnson & Johnson
- Sientra Inc
- Syneron Medical Ltd.
- Valeant Pharmaceuticals International, Inc. (Bausch Health)
- Zimmer Biomet Holdings, Inc.