The desire to look and feel our best is driving a growing market! The aesthetic medical device industry is experiencing steady growth, with a projected value of USD 18.82 billion by 2034. This translates to a consistent increase of 3.20% CAGR (Compound Annual Growth Rate). This trend highlights the increasing popularity of non-surgical and minimally invasive procedures for achieving aesthetic goals.
In addition to that, the popularity of minimally invasive and non-invasive aesthetic operations is expanding internationally as a result of loose facial skin, particularly around the eyes, jowls, and cheeks; and dry or roughened skin, among other important changes that occur as a person ages.
Furthermore, the demand for aesthetic devices is rising due to the growing popularity of cosmetic operations among those seeking to improve their looks and stand out from the crowd.
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Key Takeaways from the Aesthetic Medical Devices Market Study
- FMI projects the global aesthetic medical devices market to expand at a 3.2% value CAGR by 2034
- The global aesthetic medical devices market is expected to garner a market value of US$ 18.82 Billion
- North America is expected to grow at a CAGR of 9.5% during the assessment period 2022-2032.
- As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 8.7% during the assessment period 2022-2032.
- Europe’s Aesthetic Medical Devices Market is expected to at a CAGR of 9% during the forecast period 2022-2032.
- The hospitals and clinics segment is expected to hold the largest market share for aesthetic medical devices in the forecast period 2022-2032.
“During the projection period, the United States market is anticipated to lead the market in North America. This is owing to the excellent healthcare system, technological developments, and strong government financial backing. Furthermore, the growing senior population, peer pressure to seem younger, and the expanding obese or overweight population are fuelling the country’s market growth,” says an analyst at FMI
Aesthetic Medical Devices Market Competition
Key players in the aesthetic medical devices market are Alma Lasers, Merz Pharma, Bausch Health Companies Inc., Lumenis Be Ltd., Venus Concept, Candela Corporation, Cutera Inc., Fotona, and Asclepion Laser Technologies GmbH.
Aesthetic Medical Devices Market Recent Developments
- In December 2021CUTERA, INC. will debut the next generation of truSculpt flex, a quick treatment mode based on Cutera’s unique Multi-Directional Stimulation. It achieves the same toning, firming, and strengthening effects in a fraction of the time.
- Alma Lasers will debut the new Alma PrimeX platform during a worldwide LIVE launch event in April 2021. Alma PrimeX, the category’s top performer, produced unrivaled results in circumference reduction and skin tightening in the belly, waist, thighs, and buttocks.
- Candela announced the launch of the Frax Pro system in January 2021. The FDA-approved, non-ablative fractional device is the first to offer dual-depth skin resurfacing with the Frax 1550 and Frax 1940 applicators. The two modalities work on distinct levels of the skin, promoting new collagen formation and displaying smoother, brighter skin.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the global aesthetic medical devices market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022 to 2032.
The study reveals essential insights based on By Technology {Laser-Based, Electromagnetic Energy-Based, Ultrasound-Based, Cryolipolysis, Suction-Based, and Plasma Energy-Based), Application (Facial Skin Resurfacing, Photorejuvenation, Hair Removal, Fat Reduction and Body Contouring, Skin Tightening, Cellulite Reduction, Feminine Rejuvenation, Tattoos and Pigmentation, Acne and Acne Scars, Vascular Lesions, and Others), and End User (Dermatology and Cosmetic Clinics, Hospitals and Clinics, Medical Spas, and Home Use) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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Key Segments
Aesthetic Medical Devices Market by Technology:
- Laser-Based
- Alexandrite
- Diode
- ND: YAG
- CO2
- ER: YAG
- PDL
- Others
- Light-Based
- IPL
- LED
- Electromagnetic Energy-Based
- Infrared-Based
- Radiofrequency-Based
- Non-Laser
- Others
- Ultrasound-Based
- Cryolipolysis
- Suction-Based
- Plasma Energy-Based
Aesthetic Medical Devices Market by Application:
- Facial Skin Resurfacing
- Photorejuvenation
- Hair Removal
- Fat Reduction and Body Contouring
- Skin Tightening
- Cellulite Reduction
- Feminine Rejuvenation
- Tattoos and Pigmentation
- Acne and Acne Scars
- Vascular Lesions
- Others
Aesthetic Medical Devices Market by End User:
- Dermatology and Cosmetic Clinics
- Hospitals and Clinics
- Medical Spas
- Home Use
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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