Market Size of Canada Aesthetic Devices Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 6.80 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Canada Aesthetic Devices Market Analysis
The Canada Aesthetic Devices Market is projected to register a CAGR of 6.8% during the forecast period.
The sudden outbreak of COVID-19 in Canada had a significant impact on the aesthetic surgery market in Canada due to the postponement of elective surgeries during the initial stages of the pandemic. According to the article published in Aage Journals published in December 2021, there was a 50% reduction in the volume of plastic and reconstructive surgeries in Ontario, Canada. Such reduction of surgeries in order to prevent the spread of the COVID-19 infection
had a notable impact on the market growth. However, the relaxation of strict regulation during the post-pandemic period leading to the resumption of aesthetic procedures in Canada is expected to contribute to the growth of the market over the forecast period.
The Canadian aesthetic devices market has gained a lot of momentum in recent years due to the increase in cosmetic procedures being performed. As per an NCBI article published in August 2021, a study was conducted with 414 cases, among which 61.1% involved cosmetic procedures. The most common procedures were breast augmentation for 42.7% (108/253), abdominoplasty for 24.5% (62/253), and body contouring for 21.7% (55/253). Thus, the increasing demand for cosmetic procedures is expected to drive the market in the country. With the increasing obese population, the demand for lipoplasty is expected to increase, which in turn is expected to drive the aesthetic device market in Canada.
The growing proportion of the obese population, including youth, adult men, and women, will be the primary driver of the aesthetic device market in Canada. As per the Medscape article published in June 2022, around 27% of Canadian adults are considered obese, and this data increases to over 30% for adults between the ages of 40 and 69 years. The article also mentioned that the obesity rates are higher among older adults. Also, prevalence of obesity was highest in regions like Newfoundland and Labrador. As per an article published by World Population Review-2022, Canada had 29.40% of obese adults in 2021. Thus, the increasing prevalence of the obese population in the country is expected to increase the number of aesthetic procedures, which in turn would boost the market growth.
However, the poor reimbursement scenario is the factor expected to restrain the market growth in the country.
