The Aesthetic Medical Devices Market is experiencing a significant surge in demand as individuals around the world increasingly seek non-invasive and minimally invasive cosmetic procedures to enhance their appearance. Aesthetic medical devices encompass a wide range of technologies and tools, including laser and energy-based devices, dermal fillers, and skin rejuvenation equipment, among others. This market’s growth can be attributed to several factors, including the rising awareness of aesthetic treatments, a growing aging population, and the desire for a youthful appearance. Technological advancements have led to safer and more effective devices, reducing downtime and side effects, which has further fueled the adoption of these procedures. Moreover, the COVID-19 pandemic has reshaped the industry, with a shift towards at-home and non-surgical treatments, such as telemedicine consultations and home-use aesthetic devices.
The Aesthetic Medical Devices Market’s future appears promising, with continuous innovation in the field, expanding applications beyond facial treatments to body contouring and hair restoration, and increasing acceptance of these procedures among men. Additionally, the market is witnessing a surge in demand from emerging economies where disposable income and beauty-consciousness are on the rise. However, stringent regulatory requirements and the need for skilled practitioners remain challenges for market growth. Nevertheless, the relentless pursuit of beauty and the advancement of technology in the aesthetic medical devices sector are likely to continue driving substantial growth in the years to come.
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According to a recent FMI study, the global Aesthetic Medical Devices Market will grow at a 9.6% CAGR from 2022 to 2032. The market is expected to be valued at US$ 35000 Million by the end of the assessment period. The rise can be attributed primarily to the increased development of technologically advanced and user-friendly devices, as well as individuals’ growing desire for cosmetic treatments.
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.
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 on the basis of 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 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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