Medical Aesthetic Devices Market Report, Size | 2022 - 27 | Share (2022)

The Medical Aesthetic Devices Market is Segmented by Type of Device (Energy-based Aesthetic Device and Non-energy-based Aesthetic Device), Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Hair Removal, Facial Aesthetic Procedures, Breast Augmentation, and Other Applications), End-User (Hospitals, Clinics, and Home Settings), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

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Market Snapshot

Medical Aesthetic Devices Market Report, Size | 2022 - 27 | Share (7)
Study Period:2019-2027
Base Year:2021
Fastest Growing Market:Asia Pacific
Largest Market:North America
CAGR:11.83 %
Medical Aesthetic Devices Market Report, Size | 2022 - 27 | Share (8)

Medical Aesthetic Devices Market Report, Size | 2022 - 27 | Share (9)

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Market Overview

The medical aesthetic devices market was valued at USD 13,708.42 million currently and is expected to grow at a CAGR of 11.83% during the forecast period.

The COVID-19 pandemic had a significant impact on the growth of the medical aesthetic devices market in early 2020. The cosmetic and aesthetic device manufacturers had to shut down the production and supply units due to the lockdown, that was imposed at the beginning of the COVID-19 outbreak, globally. An article titled published in the Journal of Clinics in Dermatology in June 2021 indicated that procedures such as deep peeling and laser treatments were avoided during the COVID-19 pandemic because of the disruptions in the skin barrier. Also, the procedures such as high-intensity focused ultrasound, fractional radiofrequency, and cryolipolysis equipped with stainless steel, gold, or plastic handpieces and probes, were postponed due to the risk of contamination. Also, aesthetic devices that could be used by consumers in their homes increased after the COVID-19 pandemic. For instance, as per an article published in the International Journal of Trichology in February 2022, home-based aesthetic devices use had been increasing in recent years and had become more relevant with the COVID-19 pandemic, as more patients were hesitant to visit clinics for non-emergency reasons. Thus, the situation is gradually improving. Thus, the COVID-19 pandemic significantly affected the growth of the medical aesthetic devices market.

The major factors such as the increasing obese population, increasing awareness regarding the aesthetic procedure and rising adoption of minimally invasive devices, technological advancement in aesthetic devices are propelling the growth of the market.

The increasing volume of aesthetic procedures across the world is also contributing to the growth of the market. For instance, according to the ISAPS survey released in December 2021, 10,129,528 surgical procedures and 14,400,347 nonsurgical cosmetic procedures were performed across the globe in 2020. Furthermore, according to the BAAPS survey released in February 2021, in the United Kingdom, 15,405 cosmetic surgical procedures were performed in the year 2021. Such an increasing number of aesthetic procedures requires medical aesthetic devices in order to be performed and thus creates the need for medical aesthetic devices and thus drive the growth of the market.

Also, the growing adoption of minimally invasive and non-invasive aesthetic procedures drives the studied market. As per an article published in the Journal Archives of Plastic Surgery in November 2021, the demand for aesthetic procedures was on the rise all over the world, especially in East Asian countries. With the advent of the internet, information became accessible to everyone, and people started becoming more aware of aesthetic procedures. All these factors together increased the awareness among the masses about medical aesthetic procedures, which, in turn, increased the sales of medical aesthetic devices, resulting in a huge growth in the market size of medical aesthetic devices.

Additionally, the approval of products by various regulatory authorities across the globe is also boosting the growth of the market. For instance, in January 2022, Lumenis launched the Splendor X device, CE cleared for hair removal, vascular treatments, pigmented lesions, and the treatment of wrinkles. in the United Kingdom.

Thus, owing to the abovementioned factors, the studied market is expected to grow over the forecast period. However, social stigma concerns and poor reimbursement scenarios may hinder the growth of the market.

Scope of the Report

As per the scope of the report, medical aesthetic devices refer to all medical devices that are used for various cosmetic procedures, which include plastic surgery, unwanted hair removal, excess fat removal, anti-aging, aesthetic implants, skin tightening, etc., that are used for beautification, correction, and improvement of the body. The Medical Aesthetic Devices Market is Segmented by Type of Device (Energy-based Aesthetic Device (Laser-based Aesthetic Device, Radiofrequency (RF) Based Aesthetic Device, Light-based Aesthetic Device and Ultrasound Aesthetic Device) and Non-energy-based Aesthetic Device (Botulinum Toxin, Dermal Fillers and Aesthetic Threads, Chemical Peels, Microdermabrasion, Implants (Facial Implants, Breast Implants and Other Implants) and Other Aesthetic devices)), Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Hair Removal, Facial Aesthetic Procedures, Breast Augmentation, and Other Applications), End-User (Hospitals, Clinics, and Home Settings), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Type of Device
Energy-based Aesthetic Device
Laser-based Aesthetic Device
Radiofrequency (RF)-based Aesthetic Device
Light-based Aesthetic Device
Ultrasound Aesthetic Device
Non-energy-based Aesthetic Device
Botulinum Toxin
Dermal Fillers and Aesthetic Threads
Microdermabrasion
Implants
Facial Implants
Breast Implants
Other Implants
Other Aesthetic Devices
By Application
Skin Resurfacing and Tightening
Body Contouring and Cellulite Reduction
Hair Removal
Facial Aesthetic Procedures
Breast Augmentation
Other Applications
By End User
Hospitals
Clinics
Home Settings
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

Report scope can becustomized per your requirements. Click here.

Key Market Trends

Botulinum Toxin is Expected to Witness the Significant Growth Over the Forecast Period

Botulinum toxin is a neurotoxic protein that is produced by the bacterium Clostridium botulinum. The injections of botulinum toxin tend to block the nerve signals to the muscle in which it is injected. As the muscle is not able to contract without a signal, it results in diminishing or decreasing unwanted facial wrinkles or appearance. As a result, highly diluted concentrations of botulinum toxin are used for cosmetic and non-cosmetic purposes, such as for the treatment of frown lines between the eyebrows, dystonia, chronic migraine, and other purposes.

The factors such as the increasing popularity of botulinum toxin procedures among young adults, the rise in demand for minimally invasive cosmetic methods, a higher number of beauty-conscious populations, and the launch of products are propelling the growth of the market segment.

According to the ISAPS survey released in December 2021, among all the non-surgical cosmetic procedures performed globally in the year 2020, 43.2% were Botulinum Toxin procedures. It also reported that a total of 6,213,859 botulinum toxin procedures were performed, out of which 1,497,540 procedures were accounted for the people of age group 19-34 years old, 3,121,221 for the age group 35-50 years old, 1,343,436 for the age group 51-64 years old and 208,786 procedures has been done for the age group 65 years and above. All these age groups opted for botulinum toxin procedures for the treatment of facial wrinkles, frown lines, and others.

The major players in the market are also investing more in the import and export of botulinum toxin products, and they are keenly investing in technological advancements. For example, in September 2022, Revance Therapeutics, Inc. received approval from USFDA approved DAXXIFY (DaxibotulinumtoxinA-lanm) for injection for the temporary improvement of moderate to severe frown lines (glabellar lines) in adults.

Thus, owing to the abovementioned factors, the botulinum toxin segments are expected to project significant growth over the forecast period.

Medical Aesthetic Devices Market Report, Size | 2022 - 27 | Share (10)

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North America Holds Significant Share and Expected to do Same Over the Forecast Period

North America's medical aesthetic devices market is expected to project significant growth owing to the increasing volume of different aesthetic procedures, rising awareness about aesthetic and minimally invasive procedures coupled with the presence of key players, and advancement in technology in the region.

The large volume of aesthetic procedures in the region creates the need for aesthetic devices and thus drives the growth of the market. For instance, according to the AAFPRS survey released in March 2022, in the United States, an estimated 1.4 million surgical and non-surgical procedures were performed in 2021, an increase of 40% over the procedures performed in 2020. Additionally, according to the ISAPS survey released in December 2021, 860,718 aesthetic procedures were performed in Mexico in the year 2021 out of which 456,489 were aesthetic surgical procedures and 404,229 were aesthetic nonsurgical procedures. Thus, the increasing number of cosmetic procedures among the population is anticipated to boost the growth of the studied market over the forecast period.

Also, the high concentration of key players in the region and subsequent product launches play a vital role in the growth of the studied market in the region. For instance, in April 2021, Alma Lasers launched Alma PrimeX, the ultimate non-invasive platform for body contouring and skin tightening.​

Additionally, strategic initiatives are taken by the market players to strengthen their position also boosts the growth of the market in the region. For instance, in November 2021, NanoPass Technologies and Aesthetic Management Partners (AMP) signed an agreement to commercialize NanoPass’s MicronJet 600 intradermal delivery device in the United States.

Thus, due to the aforementioned factors are expected to boost the market over the forecast period in North America.

Medical Aesthetic Devices Market Report, Size | 2022 - 27 | Share (11)

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Competitive Landscape

The medical aesthetic devices market is moderately competitive and consists of many players. Companies, like Abbvie Inc. (Allergan PLC), Alma Lasers Ltd (Sisram Med), Bausch Health Companies Inc. (Solta Medical Inc.), Cutera Inc., El. En. (Asclepion Laser Technologies), Lumenis Inc., Sciton Inc., and Syneron Medical Ltd, hold a substantial share in the market studied.

Recent Developments

  • In June 2022, Cynosure launched the PicoSure Pro device, its latest upgrade to the PicoSure platform. PicoSure Pro is one of the first 755nm picosecond lasers cleared by the US FDA.
  • In May 2022, GC Esthetics, Inc. launched an innovative nipple-areola complex (NAC) reconstructive implant called FixNip NRI in Europe under an exclusive partnership agreement with FixNip LTD.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Obese Population

      2. 4.2.2 Increasing Awareness Regarding Aesthetic Procedures and Rising Adoption of Minimally Invasive Devices

      3. 4.2.3 Technological Advancement in Aesthetics Devices

    3. 4.3 Market Restraints

      1. 4.3.1 Social Stigma Concerns

      2. 4.3.2 Poor Reimbursement Scenario

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Type of Device

      1. 5.1.1 Energy-based Aesthetic Device

        1. 5.1.1.1 Laser-based Aesthetic Device

        2. 5.1.1.2 Radiofrequency (RF)-based Aesthetic Device

        3. 5.1.1.3 Light-based Aesthetic Device

        4. 5.1.1.4 Ultrasound Aesthetic Device

      2. 5.1.2 Non-energy-based Aesthetic Device

        1. 5.1.2.1 Botulinum Toxin

        2. 5.1.2.2 Dermal Fillers and Aesthetic Threads

        3. 5.1.2.3 Microdermabrasion

        4. 5.1.2.4 Implants

          1. 5.1.2.4.1 Facial Implants

          2. 5.1.2.4.2 Breast Implants

          3. 5.1.2.4.3 Other Implants

        5. 5.1.2.5 Other Aesthetic Devices

    2. 5.2 By Application

      1. 5.2.1 Skin Resurfacing and Tightening

      2. 5.2.2 Body Contouring and Cellulite Reduction

      3. 5.2.3 Hair Removal

      4. 5.2.4 Facial Aesthetic Procedures

      5. 5.2.5 Breast Augmentation

      6. 5.2.6 Other Applications

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Clinics

      3. 5.3.3 Home Settings

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPANY PROFILES AND COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbvie Inc. (Allergan PLC)

      2. 6.1.2 Alma Lasers (Sisram Med)

      3. 6.1.3 Bausch Health Companies Inc. (Solta Medical Inc.)

      4. 6.1.4 Cutera

      5. 6.1.5 El.En. S.p.A. (Asclepion Laser Technologies)

      6. 6.1.6 Cynosure

      7. 6.1.7 Boston Scientific Corporation (Lumenis Inc.)

      8. 6.1.8 Sciton Inc.

      9. 6.1.9 Candela Corporation

      10. 6.1.10 Venus Concept

      11. 6.1.11 Johnson & Johnson Private Limited

      12. 6.1.12 Merz Pharma

    2. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

Frequently Asked Questions

What is the study period of this market?

The Medical Aesthetic Devices Market market is studied from 2019 - 2027.

What is the growth rate of Medical Aesthetic Devices Market?

The Medical Aesthetic Devices Market is growing at a CAGR of 11.83% over the next 5 years.

Which region has highest growth rate in Medical Aesthetic Devices Market?

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Which region has largest share in Medical Aesthetic Devices Market?

North America holds highest share in 2021.

Who are the key players in Medical Aesthetic Devices Market?

Cynosure, Abbvie Inc.(Allergan plc), Alma Lasers (Sisram Med), Bausch Health Companies Inc. (Solta Medical Inc.), Johnson & Johnson Private Limited are the major companies operating in Medical Aesthetic Devices Market.

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