The global aesthetic medical device market, valued at USD 13.73 billion in 2024, is set for steady growth over the next decade. The market is projected to reach an estimated valuation of USD 18.82 billion by 2034, registering a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period.
The rising demand for aesthetic treatments, including non-invasive procedures such as laser treatments, skin tightening, and body contouring, is driving the expansion of this market. As more individuals seek solutions to enhance their appearance, advancements in medical technology have led to the development of safer and more effective aesthetic devices. This has led to an increased adoption of procedures across a wide demographic, further fueling market growth.
With the growing importance of aesthetics in both medical and non-medical settings, the market for aesthetic medical devices is expected to witness sustained demand in the coming years.
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.
Key Takeaways from the Market Study
- FMI projects the global aesthetic medical devices market to expand at a 9.6% value CAGR by 2032
- The global aesthetic medical devices market is expected to garner a market value of US$ 35,000 Million
- 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 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
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.
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 unrivalled 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.
Key Segments Profiled in the Aesthetic Medical Devices Market Industry Survey
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
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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