United Kingdom Aesthetic Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

United Kingdom Aesthetic Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The United Kingdom aesthetic devices market is expected to witness a CAGR of 7.5% during the forecast period.

The cosmetic and aesthetic device manufacturers within the country had to shut down their production and supply units due to the lockdown that was imposed at the beginning of the COVID-19 outbreak. Also, due to the imposition of the lockdown, many aesthetic surgeries and visits got canceled. For instance, According to a survey by Hamilton Fraser Cosmetic Insurance, conducted in March 2020 with 1,360 cosmetic practitioners in the United Kingdom to assess the impact of the pandemic on cosmetic procedures, stated that 99.78% of practitioners revealed that their practice was affected during the initial period of the pandemic. However, with the relaxation of the lockdown, the market is regaining its pace. For instance, As per the January 2022 article published by the Derma Institute, United Kingdom, 82.61% of beauty clinics reopened after the United Kingdom's first national lockdown restrictions were relaxed, while 88.18% of doctors continued to work at the National Health Services. Also, regarding customers, 83.92% reported the return of existing customers and 33.67% reported the return of customers. Thus, the studied market had initially impacted by COVID-19 but is regaining its growth and is expected to show significant growth over time.

Furthermore, factors such as the increasing geriatric and obese population coupled with rising awareness about aesthetic procedures and advancements in technology are expected to propel the growth of the market.

The rising obese population drives the growth of the market as, with increasing obesity, the number of aesthetic procedures such as fat reduction and liposuction may increase, which correlates to the demand for aesthetic procedures. For instance, according to the Active Lives Adult Survey released in July 2022 estimates that 25.3% of adults in the United Kingdom over the age of 18 years and over were living with obesity in November 2020 to November 2021. Such increasing obesity among the adults contributes in increasing demand for number of aesthetic procedures such as fat reduction, lipposuction and others and hence drives the growth of the market.

Moreover, the advancement in technology is another major factor driving the growth of the market in the United Kingdom. For instance, in April 2022, BTL Group of Companies launched aesthetic devices including Emsculpt, Emtone, and Exilis Ultra360 into the United Kingdom beauty sector. Additionally, in March 2022, aesthetic device company Lumenis launched the Splendor X device in the country. The new device is CE-cleared for hair removal, vascular treatments, pigmented lesions, and the treatment of wrinkles. Such launches are expected to boost the growth of the market.

Thus, owing to the abovementioned factors, the market is expected to project growth over the forecast period. However, stringent regulations for aesthetic procedures and reimbursement issues may hinder the growth of the market.

Key Market TrendsHair Removal Segment is Expected to Hold a Significant Share Over the Forecast Period

People with unwanted body hair have been turning to several hair removal procedures to help them mitigate this common issue. Since the introduction of laser light and energy-based devices for the removal of unwanted hair, aesthetic physicians and dermatologists have been able to offer effective treatments to patients that have withstood the test of time, leading to the high growth of the medical aesthetics devices market in the country. Factors such as the launch of new products, the establishment of facilities offering hair removal procedures, and the launch of hair removal devices are driving the growth of the market segment.

The establishment of new facilities offering hair removal procedures is likely to propel the segment’s growth. For instance, in March 2022, Cornwall, a laser hair removal company opened a new clinic in St Austell town center, United Kingdom. Cornwall Laser is one of only two clinics in the South-West to offer laser hair removal using the award-winning Alma Soprano Titanium. The establishment of new facilities will increase the accessibility of the procedure and thus increase the demand for the devices over the forecast period.

Additionally, the launch of hair removal devices based on advanced technology in the country is also contributing to the growth of the segment. For instance, in January 2022, Lumenis launched the Splendor X device into the United Kingdom market. The device has already received a CE mark for hair removal, vascular treatments, pigmented lesions, and the treatment of wrinkles. The system is powered by BLEND X technology, which emits a binary laser at synchronized and controllable ratios of Nd: YAG (1064 nm) and Alexandrite (755 nm) wavelengths. Such launches are expected to propel the growth of the market segment.

Thus, owing to the abovementioned factors, the market segment is expected to project growth over the forecast period.

Competitive Landscape

The United Kingdom aesthetic market is moderately competitive consititing of a number of key players. The existing market players are competing with the new entrants in terms of sustainability on various fronts, such as capital requirements, marketing strategies, distribution channels, and the availability of resources. This is leading to numerous acquisitions in the market. On the other hand, some of the major players from the other developed regions are entering the United Kingdom market with their advanced technologies, creating a hurdle for the existing regional players. Some of the key players operating in the market include Cynosure Inc. (Clayton, Dubilier & Rice), Sisram Medical Ltd (Alma Lasers), Boston Scientific Corporation(Lumenis Inc.), Syneron Medical Ltd (Syneron Candela), and Sciton Inc., among others.

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