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Global Medical Aesthetic Devices Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Product Type, Procedures, End Users & Region - Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 720
Pages: 178
Formats: report pdf report excel report power bi report ppt

Medical Aesthetic Devices Market Size (2022 to 2027)

The global medical aesthetic devices market size is estimated to be growing at a CAGR of 10.94% from 2022 to 2027. The size of the market is predicted to be USD 1.32 billion by 2027 from USD 0.78 billion in 2022.

Medical aesthetic devices are used for enhancing cosmetic appearance by going through surgeries or treatments for conditions such as scars, wrinkles, moles, excess fat, unwanted hair, liver spots, and skin discoloration. Generally, medical aesthetics involves surgeries and treatments like plastic surgery, dermatology, radiofrequency ablation, chemical peel, maxillofacial surgery, oral surgery, liposuction, breast implants, and reconstructive surgery. Many people are considering medical aesthetics for improving their quality of life, and they enhance social engagement and psychological well-being.

MARKET DRIVERS:

Availability of technologically advanced products and treatment methods, increasing disposable income of people leading to rising demand for cosmetic surgeries in developed and developing countries, a growing number of people with concerns of physical appearance and signs of aging are some of the key factors driving the global medical aesthetic devices market.

People are also opting for advanced techniques such as radiofrequency and laser treatments, ensuring effective and satisfactory results. The rise in the population of people between the ages of 30 and 65 leads to increased demand for various medical aesthetics treatments and surgeries. This trend is expected to continue during the forecast period offering lucrative growth opportunities for the key players in the global medical aesthetics market.

The influx of various advanced medical aesthetic techniques and practices with significant results creates more growth opportunities for worldwide market stakeholders. Increasing investments to escalate research and development activities to offer advanced treatment devices and surgical procedures regarding cosmetics are expected to create lucrative growth opportunities for the people involved in the global medical aesthetic devices market.

MARKET RESTRAINTS:

High costs associated with the implementation and maintenance of advanced surgical procedures are the major restraining factor for the growth of the medical aesthetic devices market.

Impact of COVID-19 on the global medical aesthetics devices market:

COVID-19 is a worldwide public health crisis that has impacted almost every industry. The Medical Aesthetics Devices market is experiencing short-term negative growth, which can be due to factors such as a drop in product demand from major end-users. Medical aesthetic devices are used to treat aesthetic impairments such as skin laxity, extra weight, cellulite, acne, moles, wrinkles, unwanted hair, liver spots, spider veins, and skin discoloration. Because of the global lockdown enforced at the start of the COVID-19 epidemic, cosmetic and aesthetic device manufacturers were forced to close down manufacturing and procurement units.

The beauty and luxury industry faces production and supply chain problems, such as supplying goods to end customers on schedule and dealing with unequal demand for products and services. Remote working, on the other hand, has raised the amount of time spent on Zoom calls. Adults pay particular attention to their physical presence. This has boosted the market for cosmetic surgeries, with Botox being one of the most common. Patients are now opting for surgical surgery due to the ease of treatment at home. As a result, COVID-19 has had a major influence on the global demand for medical aesthetic devices. However, things are steadily getting better day by day.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Product Type, Procedure, End-User, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Allergan, Cynosure, Johnson & Johnson, LCA Pharmaceutical, Galderma Pharma, Solta Medical, Cutera, Focus Medical, Human Med Ag, Genzyme Corporation, Alcon Inc., and Alma Lasers.

 

This research report on the global medical aesthetic devices market has been segmented and sub-segmented based on the product type, procedure, end-user, and region.

Medical Aesthetic Devices Market – By Product Type:

  • Energy-Based Devices       
    • Aesthetic Laser Devices
    • Body Contouring Devices
    • Microdermabrasion
    • Ultrasound
  • Implants  
  • Anti-Wrinkle Products       
    • Botulinum toxin
    • Dermal Fillers
    • Chemical Peel

Based on product type, the anti-wrinkle products section is estimated to show considerable growth during the forecast period due to the complete accessibility of these products, immediate and continual results, and deteriorating costs.

Medical Aesthetic Devices Market – By Procedure:

  • Cosmetic Procedures        
    • Minimally Invasive
    • Surgical Procedures
  • Reconstruction Procedures           

Medical Aesthetic Devices Market – By End Users:

  • Home Use             
  • Clinics and Beauty Centers      

Based on end-users, the clinics and beauty center segment is dominating the market and are growing at a high pace due to a rise in the number of clinics and medical spas, increasing investments for providing better infrastructure and resources in hospitals, availability of skilled professionals, and trained staffs to operate aesthetic procedures, and increased adoption rate of technologically advanced devices.  

Medical Aesthetic Devices Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

The Asia Pacific is dominating the global medical aesthetic devices market due to many surgical procedures performed in developing countries like South Korea, Japan, and China each year. Furthermore, increasing disposable income and the existence of a large pool of working population are creating demand for aesthetic procedures in these countries.

Followed by North America is contributing the highest share of revenues to the market. It is expected to witness growth during the forecast period owing to the factors such as the increasing account of treatment procedures and the adoption of novel and advanced technologies.

KEY MARKET PLAYERS:

The global medical aesthetic devices market is highly fragmented, with many local players competing with international players. Some of the notable participants dominating the global medical aesthetic devices market are Allergan, Cynosure, Johnson & Johnson, LCA Pharmaceutical, Galderma Pharma, Solta Medical, Cutera, Focus Medical, and Human Med Ag, Genzyme Corporation, Alcon Inc., and Alma Lasers.

RECENT MARKET HAPPENINGS:

  • In Jan 2020, AbbVie completed the acquisition of Allergan Aesthetics and the proposed leadership team for the combined company, effective upon the expected first-quarter 2020 close of the Allergan acquisition.
  • Hologic, Inc. has recently collaborated with Clayton and agreed to sell its cynosure medical aesthetics business.

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