Publication Month: Sep 2022 |
Report Code: TIPRE00029579
| No. of Pages:
| Category: Medical Device
| Status: Published
No. of Pages 339
The aesthetic medical devices market is segmented on the basis of technology, application, end user, and regions. The report offers insights and in-depth analysis of the market, emphasizing various parameters including trends and opportunities of market, dynamics of market, and competitive landscape analysis of leading market players across various regions. It also includes the impact analysis of COVID–19 pandemic across the regions.
The rising prevalence of disorders such as dermatitis, acne, psoriasis, and other skin anomalies such as warts, moles, and lesions are creating the demand for aesthetic medical devices. According to the American Academy of Dermatology Association, acne is the most common skin condition in the US and affects ~50 million Americans annually. Thus, a surge in such acne conditions creates the need for aesthetic medical devices. Additionally, changing beauty standards and the beauty industry are creating the demand for aesthetic medical devices, thereby driving the growth of the aesthetic medical devices market.
|Market Size Value in||US$ 13,536.51 Million in 2021|
|Market Size Value by||US$ 29,734.56 Million by 2028|
|Growth rate||CAGR of 11.9% from 2022 to 2028|
|No. of Pages||339|
|No. of Tables||202|
|No. of Charts & Figures||106|
|Historical data available||Yes|
|Segments covered||Technology, Application, and End User|
|Regional scope||North America; Europe; Asia Pacific; Latin America; MEA|
|Country scope||US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
On the other hand, the rise in consumer awareness about skincare treatments is increasing medspas and skin clinics to provide affordable skin treatments for various skin conditions, thereby boosting the demand for aesthetic medical devices. In addition, there has been an increase in demand and inclination toward home-based skincare devices, which are portable. These devices are based on microcurrent and ultrasonic technic technology. For instance, in July 2021, NuFACE innovative at-home microcurrent technology launched its latest skincare innovation with IonPlex Ionized Skincare Activators—a unique blend of electrically charged ions and glacial water that deliver a surge of active ingredients for optimal microcurrent results and healthy, younger-looking skin.
Based on technology, the aesthetic medical devices market is segmented into laser-based, light-based, electromagnetic energy-based, ultrasound-based, cryolipolysis, suction-based, and plasma energy-based. In 2021, the laser-based segment held the largest market share. However, the electromagnetic energy-based segment is anticipated to register the highest CAGR in the market during 2022–2028. Numerous laser devices known to rejuvenate the skin by resurfacing its upper layers are available in the market. These devices help improve the appearance of face and soften marks left by acne as well as scarring caused by other problems. The commonly used laser-based devices for aesthetics procedures are categorized as ablative and non-ablative lasers. Lasers that remove the top layer of the skin are called ablative lasers (erbium and CO2 lasers). The ablative laser affects only top layers of the skin and heats the underlying layer, thereby stimulating the growth of new collagen fibers. Lasers that can remove tissue beneath the first layer of skin are called non-ablative lasers. The non-ablative laser removes skin damage that is much more severe and the recovery time with a non-ablative laser is much swifter than it is when conventional ablative lasers. Non-ablative laser help enhance skin tone and texture over the period. The laser-based devices help treat a wide range of conditions, such as skin photodamage dyschromia, scars, warts, acne, wrinkles, age spots, hair and tattoo removal, body contouring, and leg and facial veins. Such advantages of the laser procedures are likely to contribute to the growth of the segment in the coming years.
Based on application, the aesthetic medical devices market is segmented into facial skin resurfacing, photo rejuvenation, hair removal, fat reduction & body contouring, skin tightening, cellulite reduction, feminine rejuvenation, tattoos & pigmentation, acne & scars, vascular lesions, and others. In 2021, the acne and acne scars segment held the largest share of the market. However, the feminine rejuvenation segment is expected to grow at the fastest rate during the forecast period. Epidemiological studies have illustrated that acne is most common in postpubescent teens, with boys most often affected, particularly with more severe forms of the disease. Acne is a common skin problem characterized by pimples on the face and other body parts. It leaves serious scars and other side effects such as dry skin and itching. Rising concerns among individuals for their aesthetic appearance are a major factor boosting interest in scar treatment products. Serious scars or marks caused due to road accidents are also adding to market development. Topical products mostly reduce these scars. Road accidents and burn injuries additionally lead to a rise in demand for acne & scars removal procedures.
Based on end user, the aesthetic medical devices market is segmented into facial skin resurfacing, photo rejuvenation, hair removal, fat reduction & body contouring, skin tightening, cellulite reduction, feminine rejuvenation, tattoos & pigmentation, acne & scars, vascular lesions, and others. In 2021, the dermatology and cosmetic clinics segment held the largest share of the market and is expected to grow at the fastest rate during the forecast period.
The aesthetic medical devices market players adopt organic strategies, such as product launch and expansion, to expand their footprint and product portfolio globally, and meet the growing demand. Inorganic growth strategies witnessed in the market are partnerships and collaborations. These growth strategies have allowed the market players to expand their businesses and enhance their geographic presence. Additionally, acquisitions, partnerships, and other growth strategies help strengthen the company’s customer base and increase its product portfolio.