Spain Aesthetic Devices Market Forecasts to 2028 - Global Analysis By Type (Energy-based Aesthetic Device and Non-energy-based Aesthetic Device), Application (Hair Removal, Breast Augmentation, Skin Resurfacing and Tightening, Tattoo Removal and Other App

Spain Aesthetic Devices Market Forecasts to 2028 - Global Analysis By Type (Energy-based Aesthetic Device and Non-energy-based Aesthetic Device), Application (Hair Removal, Breast Augmentation, Skin Resurfacing and Tightening, Tattoo Removal and Other Applications), End User (Clinics, Hospitals and Home Settings) and Geography

According to Stratistics MRC, the Global Spain Aesthetic Devices Market is growing at a CAGR of 7.9% during the forecast period. Due to the rise in cosmetic surgery procedures and people's growing concern with appearance and aesthetics, the Spanish medical aesthetic devices market has gathered significant momentum in recent years. Similarly, knowledge became more commonly accessible with the development of the internet, due to public awareness of aesthetic operations. Because of all of these causes, there is now a better understanding of medical aesthetic procedures, which has boosted sales of medical aesthetic equipment.

According to the article titled “Plastic Surgery in Spain” published in June 2021, the cost of plastic surgery in Spain may range from USD 200 to USD 8,000, depending on the type of procedure and other factors.

Market Dynamics:

Driver:

Increase in adoption of minimally invasive devices

Devices and instruments have become more effective and safe as a result of the field's increasing adoption of minimally invasive technologies. Due to their higher purchasing power and highly qualified workforce, hospitals and specialist clinics use minimally invasive surgical tools more commonly. As a result, each of these factors has boosted market expansion.

Restraint:

High cost of aesthetic surgical procedures

A person with ordinary income have difficulty affording the cost of longer-term treatment. Worldwide demand for critical care and intensive care services is rising, and the current healthcare system is highly worried about their high cost. Energy-based device costs vary based on the brand, quality, and durability of the equipment in consideration. The medical facility or clinic utilised for the procedure, the technology used, and the complexity of the surgery are the variables that affect cosmetic procedures' costs.

Opportunity:

Increasing awareness towards aesthetic surgeries

Information dissemination to target users is promoted through digital platforms. In order to facilitate cosmetic surgeries, these platforms have a significant role to play. Cosmetic surgery is indeed the phrase for surgeries that enhance the appearance of the face and physique. These procedures rose in acceptance. Traditionally, surgeons used their websites to raise public awareness, but today's surgeons are gradually increasing their use of Instagram, LinkedIn, Snapchat, Twitter, and other social media platforms to raise awareness about the detection and treatment of a body part's aesthetic appeal and symmetry that is destined to combat ageing signs and rejuvenate and refresh skin.

Threat:

Clinical risks and complications associated with medical aesthetic procedures

Various side effects are correlated to medical aesthetic treatments. Patients undergoing cosmetic procedures incur the possibility of a variety of complications and issues either during or after the surgery. It also depends on the patients' ability for recovery. Infection, heavy bleeding, and anesthetic problems are the risks associated with reconstructive cosmetic surgery. When the treatments are performed in salons, spas, and by untrained individuals, the incidence of consequences tends to be higher.

Covid-19 Impact

In view of the COVID-19 outbreak, the perspectives on the current and future state of the economy are still negative. During the pandemic, healthcare had a significant impact and negatively affected its process and flow. On the Spanish market, this was anticipated to have a huge impact. In Spain, 95% of hospitals lament the shortage of nurses, while 58% of private hospitals lament the shortage of doctors. The other surgeries had to tackle this problem, therefore the cosmetic procedures were pushed off.

The laser-based aesthetic device segment is expected to be the largest during the forecast period

Due to the increased aesthetic uses of lasers, including skin contouring, hair reduction, and fat reduction, laser-based aesthetic devices are considered to be the largest. Additionally, the global demand for the manufacture of these devices is strengthened by the ageing population and the growing occurrence of issues related to excessive sun exposure, including photoaging.

The skin resurfacing and tightening segment is expected to have the highest CAGR during the forecast period

By using an infrared light source to heat the collagen under the skin's surface and induce this to contract, skin tightening is a minimally invasive, non-surgical technique. It is allowed to use laser skin tightening to get eliminate wrinkles, and excess skin. Patients can benefit from moderate outcomes with no downtime, even though laser skin tightening effects might not be as significant as those of a facelift. The safe and effective restoration of a more firm, youthful appearance to skin all over the body is another benefit of laser skin tightening.

Region with largest share:

Dental implants are in high demand on the market as a result of Europe's economic recovery. Spain was not particularly impacted by the recession, so there has been a significant demand for dental implants. Furthermore, it is anticipated that the Spanish aesthetics market would witness massive development during the period of forecasting.

Region with highest CAGR:

Due to increased medical aesthetics adoption, better technological advancements, and the invention of novel products by major companies in the North American region, the market is projected to expand. In addition, it is estimated that the ageing population, favourable reimbursement rates, the prevalence of congenital dental and face defects, and enhanced medical infrastructure will propel the aesthetics industry.

Key players in the market

Some of the key players in Spain Aesthetic Devices market include Bausch & Lomb Incorporated, Alma Lasers, Venus Concept, Hologic Inc., Allergan PLC, Lutronic, Cutera Inc., Lumenis Inc., Galderma SA (Nestle), Syneron Medical Ltd, Polytech Health & Aesthetics GmbH, Boston Scientific Corp and Merz Aesthetics and Candela Corporation

Key Developments:

In January 2021, Merz Aesthetics and Candela Corporation launch commercial collaboration creating broad medical aesthetics portfolio. The new solution is designed to meet the emerging patient demand for a full-spectrum approach to self-care and optimal skin.

Types Covered:
• Energy-based Aesthetic Device
• Non-energy-based Aesthetic Device

Applications Covered:
• Hair Removal
• Breast Augmentation
• Skin Resurfacing and Tightening
• Tattoo Removal
• Other Applications

End-users Covered:
• Clinics
• Hospitals
• Home Settings

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements