The North America Medical Aesthetic Devices Market is projected to be growing at a CAGR of 10.29% during the forecast period. As a result, the size of the North American medical aesthetic devices market is predicted to be USD 3.64 billion by 2027 from USD 2.23 billion in 2022. North America is the leading region in the Aesthetic Devices Market with large market shares and a great demand for aesthetic devices to develop aesthetic features.
The growing elderly population, favorable reimbursements, innovative technologies, and the prevalence of congenital disabilities of the face and teeth drive the growth of the North American market. In addition, celebrities greatly influence the younger generation, who increasingly opt for these treatments. This has also resulted in the demand for medico-aesthetic procedures.
Cosmetic treatments for easy fat reduction are increasing in the United States due to the large obese population. In addition, cosmetic procedures have seen an increasing demand in the country, as these procedures, which were previously very expensive, have become affordable. It can be said that the growing fascination of people with adherence to beauty standards has increased the number of cosmetic procedures performed. In addition, the growth in per capita income would have improved the standard of living of the population. This, in turn, has led to an increase in the adoption of cosmetic treatments. All of these factors are driving the growth of the medical aesthetics devices market in North America.
According to the American Society of Plastic Surgeons, the number of liposuction surgeries increased by 5.5% in 2018 compared to 2017 in the United States. According to the report, a total of 17.9 million minimally invasive cosmetic and surgical procedures were performed in the United States in 2018, an increase of 2.5% from 2017. The increase in the number of body contouring surgeries in the region of North America indicates the high demand for these procedures and esthetics devices. In addition, the growth of medical tourism, the increased preference for a better quality of life, and the rise in popularity of celebrities among the younger generation that motivate them to appear aesthetically attractive are expected to provide many opportunities for market players to grow.
Increased demand for minimally invasive reconstructive surgeries, increase in traffic accidents and trauma cases, high prevalence of congenital disabilities of the face and teeth, technological advances, increased awareness programs, such as the reconstruction awareness campaign (launched in the US), high Breast cancer incidence and increase in the number of cosmetic surgeons provide opportunities for growth of medical aesthetics devices market.
However, the side effects of cosmetic devices and the poor recovery rare continue to slow the overall growth of the North American medical aesthetic devices market. The high cost of treatments, low reimbursements, and the risk of dysfunction mainly related to implants are a few of the other significant factors preventing market growth.
This research report on the North America Medical Aesthetic Devices Market is segmented and sub-segmented into the following categories:
By Product Type:
By End Users:
Regionally, the United States dominates the North American region market and is expected to continue its dominance over the forecast period. The market for aesthetic medicine is highly fragmented, with many local players competing with international players. The North American medical aesthetics device market has grown significantly in recent years. The United States and Canada have a well-structured and developed health system. These systems also encourage research and development. Better policies help these countries benefit from the presence of many companies in the global market. As global companies in the region meet the high and growing demand, the market is expected to continue to grow.
Canada is expected to have a healthy growth rate owing to technological advancements in the field has made devices and instruments more precise and safer, these factors have contributed to the growth of the market.
KEY MARKET PLAYERS:
Companies playing a dominant role in the North America Medical Aesthetic Devices Market profiled in this report are Allergan, Cynosure, Johnson & Johnson, LCA Pharmaceutical, Galderma Pharma, Solta Medical, Cutera, Focus Medical, Human Med Ag, Genzyme Corporation, Alcon Inc., and Alma Lasers.
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