Aesthetic Medical Devices Market Size, Share, Analysis by 2028

report image

Aesthetic Medical Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology {Laser-Based [Alexandrite, Diode, ND:YAG, CO2, ER:YAG, PDL, and Others], Light-Based [IPL and LED], Electromagnetic Energy-Based [Infrared-Based, Radiofrequency-Based, Non-Laser, and Others (1570nm, 1540nm, and 1927nm)], 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)

Publication Month: Sep 2022 | Report Code: TIPRE00029579 | No. of Pages: No. of Pages339 | Category: Medical Device | Status: Published

The aesthetic medical devices market was valued at US$ 13,536.51 million in 2021 and is likely to be valued at US$ 29,734.56 million by 2028; it is estimated to grow at a CAGR of 11.9% from 2022 to 2028.

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.

Market Insights

Increasing Prevalence of Skin Disorders and Rising Awareness about Beauty Devices

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.

Strategic Insights

Report Coverage - Aesthetic Medical Devices Market
Report CoverageDetails
Market Size Value inUS$ 13,536.51 Million in 2021
Market Size Value byUS$ 29,734.56 Million by 2028
Growth rateCAGR of 11.9% from 2022 to 2028
Forecast Period2022-2028
Base Year2021
No. of Pages339
No. of Tables202
No. of Charts & Figures106
Historical data availableYes
Segments coveredTechnology, Application, and End User
Regional scopeNorth America; Europe; Asia Pacific; Latin America; MEA
Country scopeUS, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverageRevenue 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.

Aesthetic Medical Devices Market - Technology-Based Insights

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.

Aesthetic Medical Devices Market, by Technology – 2021–2028

Get more information on this report :

Aesthetic Medical Devices Market - Application-Based Insights

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.

Aesthetic Medical Devices Market - End User-Based Insights

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.

  • In Sept 2021, InMode Ltd. launched the EvolveX platform with transform technology. EvolveX is a hands-free, zero downtime full-body transforming solution equipped with clinically proven technologies to remodel skin, treat fat, and sculpt muscles. The versatility of EvolveX multi-modalities allows physicians to focus on each patient's needs and produce consistent transformative results.
  • In May 2021, Lumenis entered a new partnership with the prestigious Harrods Wellness Clinic, London, UK. Harrods equipped its aesthetic clinic with the Stellar M22. This powerful multi-application modular platform that combines IPL and laser technologies was first installed in the consulting room of renowned Doctor Marwa Ali.

Aesthetic Medical Devices Market - Company Profiles

  • Alma Lasers                              
  • Merz Pharma                            
  • Bausch Health Companies, Inc.     
  • Lumenis Be Ltd.                         
  • Venus Concept                          
  • Candela Corporation                   
  • Cutera Inc.                               
  • Fotona                                     
  • InMode                                    
  • Asclepion Laser Technologies GmbH

Frequently Asked Questions

Aesthetic medical devices are used to treat or enhance a person’s appearance. Various minimally invasive or non-invasive medical aesthetic devices for a variety of treatments, including skin resurfacing, non-invasive lipolysis, excessive fat, cellulite, scars, and others.
The factors driving the growth of aesthetic medical devices are the growing adoption of minimally invasive and non-invasive aesthetic procedures and increasing prevalence of skin disorders & rising awareness of beauty devices.
Risks and complications associated with procedures and stringent safety regulations are expected to restrict the aesthetic medical devices growth during the forecast period.
The aesthetic medical devices majorly consist of the players, such as Alma Lasers; Merz Pharma; Bausch Health Companies Inc.; Lumenis Be Ltd.; Venus Concept; Candela Corporation; Cutera Inc.; Fotona; InMode; Asclepion Laser Technologies GmbH; among others.
The global aesthetic medical devices based on the product are segmented into laser-based, light-based, electromagnetic energy-based, ultrasound-based, cryolipolysis, suction-based, and plasma energy-based. The laser-based is further sub-segmented into Alexandrite, Diode, ND: YAG, CO2, ER: YAG, PDL, and Others. The light-based is further bifurcated into IPL and LED. The electromagnetic energy-based is further segmented into infrared-based, radiofrequency-based, non-laser (hydradermabrasion), and others. The laser-based segment is likely to hold the largest market share in 2021. However, the electromagnetic energy-based segment is anticipated to register the highest CAGR of 13.3% during the forecast period
The global aesthetic medical devices based on regions is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In 2021, the North American area held the largest market share. However, the Asia Pacific region is estimated to grow at the fastest CAGR of 12.6% during the forecast period

The List of Companies - Aesthetic Medical Devices Market

  1. Alma Lasers           
  2. Merz Pharma        
  3. Bausch Health Companies Inc.       
  4. Lumenis Be Ltd.    
  5. Venus Concept    
  6. Candela Corporation          
  7. Cutera Inc.             
  8. Fotona     
  9. InMode    
  10. Asclepion Laser Technologies GmbH
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global aesthetic medical devices market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global aesthetic medical devices market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TIPRE00029579
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market




tip-analyst

Have a question?

Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak To Analyst
Pricing
  • $3000
  • $4550
  • $6550
  • $8550

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount