The aesthetic medical devices market size is projected to reach US$ 44.60 billion by 2031 from US$ 19.21 billion in 2023. The market is expected to register a CAGR of 11.1% in 2023–2031. An increase in the need for organic and natural acne treatments is likely to remain key aesthetic medical devices market trends.
Aesthetic Medical Devices Market Analysis
Rise in medical tourism worldwide, increase in the prevalence of skin disorders and consumer awareness about skincare treatments, surge in the adoption of minimally invasive and noninvasive aesthetic procedures, rise in spending on medical procedures in developing countries and new product launches & approvals, and technological advancements associated with medical aesthetic devices are a few factors impacting the market growth. The manufacturers are developing user-friendly devices to expand their customer base. Also, the manufacturers are partnering with beauty clinics to expand their presence in the market.
Aesthetic Medical Devices Market Overview
Aesthetic devices are controlled by the FDA based on their intended use and whether they affect the structure or function of the body. The global availability of innovative and fascinating aesthetic medical equipment has resulted in a surge in demand for medical aesthetic treatments in recent years. Aesthetic medical devices are based on technologies such as radiofrequency technology (which is the most widely used and extremely advantageous technology for face wrinkle reduction), ultrasound technology, laser technology, etc. The advancement of high-tech aesthetic medical equipment makes cosmetic treatments more effective and safer, creating a strong demand for physicians, aestheticians, cosmetologists, and other skincare specialists.
Aesthetic Medical Devices Market Drivers and Opportunities
Surge in Adoption of Minimally Invasive and Noninvasive Aesthetic Procedures to Favor Market
Minimally invasive procedures offer patients various benefits, including reduced downtime, lesser scarring, lower risks, limited stress, better patient satisfaction, and quicker recovery times compared to traditional invasive surgeries. This shift toward minimally invasive approaches is driven by several factors, such as technological advancements in aesthetic devices, increasing patient preference for nonsurgical options, and advancements in medical research and techniques. Moreover, the rise of minimally invasive procedures aligns with a broader societal shift toward wellness, natural-looking enhancements, and personalized treatment approaches. Patients seeking aesthetic treatments are often drawn to minimally invasive options that provide subtle enhancements and visible results without the need for extensive surgical interventions. According to the American Society of Plastic Surgeons, 26.2 million surgical and minimally invasive cosmetic procedures were performed in the US in 2022. Also, cosmetic surgeries have increased by 19% compared to 2019. Thus, the surge in the adoption of minimally invasive and noninvasive aesthetic procedures drives the growth of the aesthetic medical market.
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Aesthetic Medical Devices Market: Strategic Insights
Aesthetic Medical Devices Market
-
CAGR (2023 - 2031)
11.1%
-
Market Size 2023
US$ 19.21 Billion
-
Market Size 2031
US$ 44.60 Billion
Market Dynamics
GROWTH DRIVERS
- Surge in Adoption of Minimally Invasive and Noninvasive Aesthetic Procedures
FUTURE TRENDS
- An increase in the need for organic and natural acne treatments
OPPORTUNITIES
- Rising Spending on Medical Procedures in Developing Countries
Key Players
- Alma Lasers
- Merz Pharma GmbH & Co KGaA
- Bausch Health Companies Inc
- Lumenis Be Ltd
- Venus Concept Inc
- Cutera Inc
- Fotona
- InMode
- Asclepion Laser Technologies GmbH
- Cynosure LLC
- Sientra Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technology
- Laser-Based
- Light-Based
- Electromagnetic Energy-Based
- Ultrasound-Based
- Cryolipolysis
- Suction-Based
- 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
- Others
End User
- Dermatology and Cosmetic Clinics
- Hospitals and Clinics
- Medical Spas
- Home Use
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Aesthetic Medical Devices Market: Strategic Insights
-
CAGR (2023 - 2031)11.1% -
Market Size 2023
US$ 19.21 Billion -
Market Size 2031
US$ 44.60 Billion
Market Dynamics
- Surge in Adoption of Minimally Invasive and Noninvasive Aesthetic Procedures
- An increase in the need for organic and natural acne treatments
- Rising Spending on Medical Procedures in Developing Countries
Key Players
- Alma Lasers
- Merz Pharma GmbH & Co KGaA
- Bausch Health Companies Inc
- Lumenis Be Ltd
- Venus Concept Inc
- Cutera Inc
- Fotona
- InMode
- Asclepion Laser Technologies GmbH
- Cynosure LLC
- Sientra Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technology - Laser-Based
- Light-Based
- Electromagnetic Energy-Based
- Ultrasound-Based
- Cryolipolysis
- Suction-Based
- 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
- Others
End User - Dermatology and Cosmetic Clinics
- Hospitals and Clinics
- Medical Spas
- Home Use
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Rising Spending on Medical Procedures in Developing Countries
Rapid urbanization, increasing investments by healthcare providers in improving infrastructure, growing awareness among the population, and the availability of a wide range of advanced products and technologies in developing economies have contributed to making them the centers of medical tourism. In Saudi Arabia, Russia, Brazil, India, and South Africa, healthcare systems focus on introducing various advanced medical aesthetic technologies into their service portfolios. Patients from developed regions travel to emerging countries for various medical aesthetic procedures. Health facilities, medical spas, and wellness centers increasingly offer a comprehensive range of inexpensive but high-quality medical aesthetic procedures. The spending on cosmetic and rejuvenation procedures to improve aesthetics is rapidly increasing among the global population. In developing countries, there is rising awareness about minimally invasive treatments and acceptance of aesthetic procedures in the population, growing need for an ideal physical appearance, increasing incidence of skin diseases, growing geriatric population, and rising availability and acceptance of technologically advanced medical devices. Also, surging healthcare spending in developing economies in Asia Pacific enables healthcare professionals to adopt advanced technologies for performing cosmetic procedures. Thus, rising spending on medical procedures in developing countries is expected to create growth opportunities for the aesthetic medical devices market during the forecast period.
Aesthetic Medical Devices Market Report Segmentation Analysis
Key segments that contributed to the derivation of the aesthetic medical devices market analysis are technology, application, and end user.
- Based on technology, the aesthetic medical devices market is segmented into laser-based, light-based, electromagnetic energy-based, ultrasound-based, cryolipolysis, suction-based, plasma energy-based, EMS, and microwave. The laser-based segment held the largest market share in 2023.
- By application, the market is segmented into acne and acne scars, hair removal, facial skin resurfacing, photorejuvenation, skin tightening, feminine rejuvenation, fat reduction and body contouring, tattoos and pigmentation, vascular lesions, cellulite reduction, and others. The acne and acne scars segment held the largest share of the market in 2023.
- In terms of end user, the market is categorized into dermatology and cosmetic clinics, hospitals and clinics, medical spas, and home use. The dermatology and cosmetic clinics segment dominated the market in 2023.
Aesthetic Medical Devices Market Share Analysis by Geography
The geographic scope of the aesthetic medical devices market report is mainly categorized into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the aesthetic medical devices market. The US held the largest share of the market in 2023, owing to the increased number of aesthetic procedures. Also, technological developments have increased the number of minimally invasive and noninvasive procedures in the country. According to the American Society of Plastic Surgeons, in 2022, 26.2 million surgical and minimally invasive operations were carried out in the US. Additionally, as per ASAPS 2020, 15.6 million cosmetic procedures were recorded in 2020, which included ~2.3 million cosmetic surgical and 13.2 million cosmetic minimally invasive procedures. Intense pulsed light (IPL) treatment is among the top 5 cosmetic minimally invasive procedures, with over 827,000 IPL procedures performed in the country in 2020. Asia Pacific is anticipated to record the highest CAGR in the market in the coming years.
Aesthetic Medical Devices Market News and Recent Developments
The aesthetic medical devices market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for aesthetic medical devices and strategies:
- Bausch Health Companies Inc. and Solta Medical, a global leader in the medical aesthetics market, announced the approval of Thermage FLX and the TR-4 Return Pad by China’s National Medical Products Administration (NMPA). The TR-4 Return Pad was also approved for use by the US Food & Drug Administration (as part of the Thermage FLX device registration).
(Source: Bausch Health Companies Inc, Press Release, 2024)
- CUTERA, INC., a leading provider of aesthetic and dermatology solutions, announced the internationally limited commercial release of AviClear, the first energy-based device FDA-cleared for the long-term treatment of mild, moderate, and severe acne.
(Source: Cutera Inc, Press Release, 2024)
- Venus Concept Inc., a global medical aesthetic technology leader, announced the commercial launch of its new multi-application platform Venus Versa Pro in the US. Venus Versa Pro supports 10 different applicators that can be used individually or in combination to target a wide range of aesthetic conditions, including skin texture, acne vulgaris, vascular and pigmented lesions, facial wrinkles, etc.
(Source: Venus Concept Inc., Press Release, 2023)
- Lumenis Ltd.,—the world’s largest energy-based medical device company for aesthetic, surgical, and ophthalmic applications—announced a new partnership with the prestigious Harrods Wellness Clinic in London, UK. Harrods will equip its aesthetic clinic with the Stellar M22. (Source: Lumenis Be Ltd, Press Release, 2021)
Aesthetic Medical Devices Market Report Coverage and Deliverables
The “Aesthetic Medical Devices Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Aesthetic Medical Devices Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 19.21 Billion |
| Market Size by 2031 | US$ 44.60 Billion |
| Global CAGR (2023 - 2031) | 11.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, Application, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Asia Pacific is expected to be the fastest growing region in the aesthetic medical devices market. The aesthetic medical devices market in Asia Pacific is expected to register the highest CAGR during the forecast period. The market growth is attributed to factors such as increasing product developments and launches, increasing satisfactory numbers of aesthetic procedures, and rising number of aesthetic surgeries, resulting in a large pool of doctors entering this field. Moreover, rising number of skin rejuvenation procedures, growing awareness of the importance of cosmetic procedures in improving aesthetic appeal, increase in healthcare expenditure, and technological advancements in medical aesthetics products help boost the growth of the aesthetic medical devices market in the region.
The aesthetic medical devices market by distribution channel, is categorized into is categorized into dermatology and cosmetic clinics, hospitals and clinics, medical spas, and home use. The dermatology and cosmetic clinics segment held the largest share of the market in 2023.
Medical aesthetic devices are used to address cosmetic problems such as skin laxity, excess fat, cellulite, scars, moles, wrinkles, unwanted hair, liver spots, spider veins, and skin discoloration. Aesthetic components are used in various cosmetic operations, including plastic surgery, undesirable hair removal, anti-aging, aesthetic implants, skin tightening, and excess fat reduction. Medical aesthetic devices are used to beautify, repair, and improve the body's structure. The FDA may regulate aesthetic devices based on their intended use and whether they affect the body's structure or function.
The aesthetic medical devices market by application form is segmented into acne and acne scars, hair removal, facial skin resurfacing, photorejuvenation, skin tightening, feminine rejuvenation, fat reduction and body contouring, tattoos and pigmentation, vascular lesions, cellulite reduction, and others. The acne and acne scars segment held the largest aesthetic medical devices market share in 2023.
The aesthetic medical devices market majorly consists of the players such as Alma Lasers, Merz Pharma GmbH & Co KGaA, Bausch Health Companies Inc, Lumenis Be Ltd, Venus Concept Inc, Cutera Inc, Fotona, InMode, Asclepion Laser Technologies GmbH, and Cynosure LLC.
The factors that are driving growth of the market are the rise in medical tourism worldwide, surge in adoption of minimally invasive and noninvasive aesthetic procedures, increase in prevalence of skin disorders, and consumer awareness about skincare treatments.
The aesthetic medical devices market, based on technology, is segmented into laser-based, light-based, electromagnetic energy-based, ultrasound-based, cryolipolysis, suction-based, plasma energy-based, EMS, and microwave. The laser-based segment held a larger share of the market in 2023. The electromagnetic energy-based segment is anticipated to register the highest CAGR during 2023–2031.
US holds the largest market share in aesthetic medical devices market. In the US, the number of aesthetic procedures has increased significantly over the last 10 years. Also, technological developments have increased the number of minimally invasive and noninvasive procedures. According to the American Society of Plastic Surgeons, in 2022, 26.2 million surgical and minimally invasive operations were carried out in the US.
The List of Companies - Aesthetic Medical Devices Market
- Alma Lasers
- Merz Pharma GmbH & Co KGaA
- Bausch Health Companies Inc
- Lumenis Be Ltd
- Venus Concept Inc
- Cutera Inc
- Fotona
- InMode
- Asclepion Laser Technologies GmbH
- Cynosure LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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