High Demand for Minimally Invasive and Non-Invasive Aesthetic Procedures can Expected for Medical Aesthetic Devices Market Growth

The global medical aesthetic devices market size is expected to reach USD 34.54 Billion in 2030 and register a revenue CAGR of 11.08% over the forecast period, according to latest report by Reports and Data. Continuously increasing Research & Development (R&D) of more advanced, safer, and cost-effective medical aesthetic devices is driving market revenue growth.

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Medical aesthetic devices consist of all medical equipment used for improving patient's physical appearance and features by using non-invasive or minimally invasive cosmetic procedures. Medical aesthetic devices are not limited to dentists, dermatologists, and plastic surgeons, since doctors of different specialties aim to address their patients' aesthetic needs and preferences. These devices are used for body beautification, correction, and improvement procedures, such as plastic surgeries, unwanted hair removal, excess fat removal, anti-aging, aesthetic implants, and skin tightening, among others. Some applications are conducted under local anesthesia, while others are performed without any anesthetics.

Negative perceptions of aesthetic procedures, as well as religious and ethical concerns about some aesthetic treatments, such as alterations, augmentations, erasures, and fillings, contribute to social stigmas associated with medical aesthetic treatments. Invasive anti-aging treatments, such as BOTOX or cosmetic surgery, are still not accepted by some people. The aforementioned factors are limiting revenue growth of the global medical aesthetic devices market to some extent.

Some Key Highlights from the Report

    • In November 2019, Evonik and BellaSeno GmbH signed a long-term agreement to use a RESOMER bioresorbable polymer in a new breast implant technology. RESOMER polymer has mechanical properties and a degradation profile that allows scaffold to safely absorb at a rate that corresponds to the formation of patient's tissue. It is intended for use after breast reconstruction, augmentation, or revision surgery.
    • Facial aesthetic procedures segment accounted for a significant revenue share in 2021. One of the popular procedures is carbon laser peel. It is painless and shows immediate effects with little to no downtime. Carbon in liquid form is applied to face during this treatment. The skin is treated with a Q-Switched Nd: YAG Laser, which is absorbed by carbon particles. This acts as an exfoliant, removing dirt and debris from skin. Collagen production is boosted as a result of this.
    • Hospitals segment accounted for a significant revenue share in 2021. A large number of aesthetic procedures, particularly breast procedures, blepharoplasty, lipoplasty, rhinoplasty, and other minimally invasive procedures, are performed in hospitals. With the global rise in obesity and issue of being overweight, as well as a large segment of developed market's high-income population opting for better overall looks, increase in overall medical aesthetic procedures is boosting the growth of the hospital segment.
    • Market in Latin America accounted for a moderate revenue share in 2021, as a result of increased awareness and information regarding medical aesthetic procedures. Leading market players are focusing on making significant investments in LATAM in order to supply cost-effective technologies and grow their market share. LATAM has emerged as a popular destination for medical tourism.

Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.

Top Companies Profiled in the Report:

Allergan Aesthetics, Alma Lasers, Anika Therapeutics, Inc. Cutera, Cynosure, El.En. S.p.A, Mentor Worldwide LLC, Merz Pharmaceuticals, LLC, Fontona, and GALDERMA Laboratories, L.P.

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Medical Aesthetic Devices Market Segmentation:

Type Outlook (Revenue, USD Billion; 2019–2030)

  • Energy-based
    • Laser-based
    • Radiofrequency-based
    • Light-based
    • Ultrasound
    • Others
  • Non-energy Based
    • Botulinum Toxin
    • Dermal Fillers and Aesthetic Threads
    • Microdermabrasion
    • Implants
    • Others

Application Outlook (Revenue, USD Billion; 2019–2030)

  • Skin Resurfacing and Tightening
  • Body Contouring
  • Cellulite Reduction
  • Hair Removal
  • Facial Aesthetic Procedures
  • Breast Augmentation
  • Others

Regional Outlook:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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