According to our latest study on “Aesthetic Medical Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Technology, Application, and End User,” the 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 growing adoption of minimally invasive and non-invasive aesthetic procedures, increasing prevalence of skin disorders & rising awareness of beauty devices are driving the market growth. However, risks and complications associated with procedures and stringent safety regulations are hampering the growth of the aesthetic medical devices market.

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Growing Adoption of Minimally Invasive and Non-invasive Aesthetic Procedures Drive Aesthetic Medical Devices Market Growth

The modern concept of natural and harmonious rejuvenation is based on a comprehensive, three-dimensional, multi-layered approach that combines several active ingredients and techniques in surgical procedures such as skin relaxation, volume enlargement, volume repositioning, and reshaping, surface renewal, and skin tightening, depending on the specific patient needs. Since the appearance of the skin is considered an important factor in wellbeing and health, the number of aesthetic procedures performed worldwide is increasing steadily. These short procedures help correct facial lines, wrinkles, cellulite reduction, and unwanted fat reduction with minimal side effects. The International Society of Aesthetic Plastic Surgery (ISAPS) defines a nonsurgical cosmetic procedure as an effective and safe procedure for those who are willing to undergo subtle enhancement and surgical result enhancement with lower recovery periods; these procedures often do not require extensive training, unlike surgical procedures that are associated with greater risks. As per ISAPS estimations, the number of nonsurgical cosmetic procedures increased by 44% in 2021 compared to 2020. With the proliferation of the medical aesthetics industry, competition is also inevitably increasing. It is a heterogeneous industry as the competition is not only among beauty clinics specializing in surgical cosmetic procedures, but other beauty service providers such as salons also compete with them.

In the past 20 years, minimally invasive procedures have undergone continuous innovations. In 2020, doctors performed 13.2 million minimally invasive procedures in the US. Thus, the surge in the adoption of minimally invasive and noninvasive aesthetic procedures is driving the aesthetics medical market growth.

Alma Lasers; Merz Pharma; Bausch Health Companies Inc.; Lumenis Be Ltd.; Venus Concept; Candela Corporation; Cutera Inc.; Fotona; InMode; and Asclepion Laser Technologies GmbH; Quanta Systems; BTL; Jeisys Medical Inc.; LUTRONIC; LASEROPTEK; Strata Aesthetics Ltd.; Lynton Lasers Ltd.; Mesoestetic; TRIA Beauty; Sciton, Inc.; DEKA M.E.L.A. srl; Edge Systems, LLC are among the leading companies operating in the aesthetic medical devices market.

The report segments the aesthetic medical devices market as follows:

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. 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 held the largest market share in 2021. However, the electromagnetic energy-based segment is anticipated to register the highest CAGR during the forecast period. 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. The acne and acne scars segment held the largest market share in 2021. However, the feminine rejuvenation segment is expected to register the highest CAGR during the forecast period. Based on end user, the aesthetic medical devices market is segmented into dermatology & cosmetic clinics, hospitals and clinics, medical spas and home use. The dermatology and cosmetic clinics segment held the largest market share in 2021 and is expected to register the highest CAGR during the forecast period. Based on geography, the aesthetic medical devices market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The North American aesthetic medical devices market is further segmented into the US, Canada, and Mexico. The aesthetic medical devices market in Europe is segmented into France, Germany, the UK, Netherland, Italy, and the Rest of Europe. The APAC aesthetic medical devices market is segmented into China, India, Japan, Australia, Thailand, and the Rest of APAC. The aesthetic medical devices market in the MEA is further segmented into Saudi Arabia, the UAE, South Africa, and the Rest of the MEA. The South & Central America aesthetic medical devices market is segmented into Brazil, Argentina, and the Rest of South & Central America.

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