2018 - 2026
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The Europe Medical Aesthetic Devices Market was valued at USD 2,937.33 million in 2020 and is expected to reach USD 5,121.63 million by 2026, registering a CAGR of 11.07 % during the forecast period.
In Europe, the rising cases of COVID-19 are expected to have a significant short-term negative impact on the medical aesthetics market. However, the adverse impacts of COVID-19 on the European economy can have significant indirect effects on the market. For instance, in February 2021, Central European authorities warned that they are witnessing an increase in COVID-19 infections across their region amid the discovery of new variants.
For instance, the number of new COVID-19 cases has risen in Europe after six weeks of decline, as per World Health Organization on March 4 2021. Moreover, new cases are also on the rise in several western European countries where rates were already high.
The major factors attributing to the growth of the European medical aesthetic devices market are increasing the obese population, increasing awareness regarding aesthetic procedures and rising adoption of minimally invasive devices, and technological advancement in devices that remain the key drivers in the region. This growth prospect provides significant revenue generation opportunities for manufacturers of aesthetic devices.
The market is expected to experience significant growth, driven by the rising establishment of medical spas in Europe and increased patient demand for minimally and non-invasive body contouring procedures. Furthermore, physicians will increase cellulite reduction and skin tightening to their service offerings due to the high-margin business that these procedures generate. For instance, as per the International Society of Aesthetic Plastic Surgery (ISAPS) 2019 stats, the total number of procedure performed in the Germany stands 983,432. Out of which the most common surgical procedure in the Germany are Breast Augmentation, Liposuction, Eyelid surgery, Abdominoplasty, and Breast Lift with 66,972; 62,865; 44,592; 24,280; 19,712 procedures, respectively. In addition, as per the British Association Of Aesthetic Plastic Surgeons 2020 data, among women, breast augmentation is the most popular procedure in United Kingdom, followed by breast reduction, and eyelid surgery.
Medical Aesthetics devices are innovative type of advancement, which helps in providing a solution to patients that deal with the ingenuity of creating beauty. In Europe, these devices have gained its importance due to its benefits such as pain free and non-invasive beauty treatments, maintaining the youthful appearance, maintenance free skin that remains smooth and hairless without the need for shaving, waxing or unpleasant hair treatments among others. However, the market is constrained by reimbursement issues and the high cost associated with aesthetic procedures.
Scope of the Report
As per the scope of the report, 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. Aesthetic procedures include both surgical and non-surgical procedures. The Europe Medical Aesthetic Devices Market is Segmented by Type of Devices (Energy-Based Aesthetic Devices (Laser-based Aesthetic Device, Radiofrequency (RF) Based Aesthetic Device, Light-based Aesthetic Device, Ultrasound Aesthetic Device), Non-Energy Based Aesthetic Devices (Botulinum Toxin, Dermal Fillers and Aesthetic Threads, Chemical Peels, Microdermabrasion, Implants (Facial Implants, Breast Implants, Other Implants), and Other Aesthetic Devices), Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Hair Removal, Breast Augmentation, Other Applications), End User (Hospitals, Clinics, Other End Users), and Geography (United Kingdom, Germany, France, Italy, Spain, Rest of Europe). The report offers the value (in USD million) for the above segments.
|By Type of Devices|
|Skin Resurfacing and Tightening|
|Body Contouring and Cellulite Reduction|
|Other End Users|
|United Kingdom (By Type of Device, By Application, and By End User)|
|Germany (By Type of Device, By Application, and By End User)|
|France (By Type of Device, By Application, and By End User)|
|Italy (By Type of Device, By Application, and By End User)|
|Spain (By Type of Device, By Application, and By End User)|
|Rest of Europe (By Type of Device, By Application, and By End User)|
Key Market Trends
Hair Removal Segment is Expected to Hold a Significant Market Share of the European Medical Aesthetic Devices Market
Getting rid of unnecessary body hair is one of those challenges that everyone has faced in their lives. Therefore the people have been turning to several hair removal methods for more than two decades that will help them to overcome this common problem that nearly everyone faces. Since the development of energy-based devices and laser light for the removal of unwanted hair, aesthetic clinicians, and plastic surgeons have been able to offer patients withstanding the test of time effective treatments.
In January 2021, the World Health Organization (WHO) has warned of a tipping point in the fight against COVID-19, amid surging cases in Europe and the fresh challenge of a mutating virus. Moreover, new COVID-19 cases have risen in many European countries, and new restrictions are being imposed. As per WHO situation report, as of 4th March 2021, there were around 39,229,992 confirmed cases of COVID-19. With the rising cases of COVID-19 it is expected to show some short effects on the market as this will restrict the hospitals and clinics in providing hair removal services.
In Europe, with the growing popularity of beauty clinics has increased the demand for hair removal devices for better treatment services. Moreover, growing physical consciousness among millennial has enhanced the need for alternative methods such as regular hair trimming and body hair shaving. For instance, as per American Society of Plastic Surgeons (ASPS), in 2019, in Italy, the number of hair removal procedure was reported to be 30,483. Similarly, in France around 25,265 hair removal procedures were performed.
As a result of this growing demand for hair removal procedures, many market players are launching new products in the market to capitalize it. For instance, in June 2020, Cynosure launched the Elite iQ platform in the European market. The platform offers customized laser hair removal treatments and permanently reduce unwanted hair for all skin types, anywhere on the body. Therefore, emergence of new products with improved technologies and increasing demand are expected to boost the market growth in the European countries.
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The European Medical Aesthetic Devices market is moderately competitive. Some prominent players are vigorously making acquisitions and joint ventures with the other companies to consolidate their market positions in the region. Some of the companies which are currently dominating the market are Abbvie Inc (Allergan, Inc)., Lumenis Inc., Johnson and Johnson, Alma Lasers, and Galderma Pharmaceuticals.
In May 2020, Galderma, a Swiss pharmaceutical company received U.S. Food and Drug Administration (FDA) approval for Restylane Kysse for lip augmentation and the correction of upper perioral rhytids (wrinkles around upper lips) in adults over the age of 21.
In March 2020, in United Kingdom, 3D- Lipo Ltd launched 3D-Powersculpt which is a brand-new device offering a powerful new revolution in body shaping and muscle toning with just one treatment being equivalent to 20,000 crunches or squats.
Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Obese Population
4.2.2 Increasing Awareness Regarding Aesthetic Procedures and Rising Adoption of Minimally Invasive Techniques
4.3 Market Restraints
4.3.1 Poor Reimbursement Scenario
4.3.2 High Cost of Aesthetic Procedures
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type of Devices
5.1.1 Energy-based Aesthetic Device
188.8.131.52 Laser-based Aesthetic Device
184.108.40.206 Radiofrequency (RF) Based Aesthetic Device
220.127.116.11 Light-based Aesthetic Device
18.104.22.168 Ultrasound Aesthetic Device
5.1.2 Non-energy-based Aesthetic Device
22.214.171.124 Botulinum Toxin
126.96.36.199 Dermal Fillers and Aesthetic Threads
188.8.131.52 Chemical Peels
184.108.40.206.1 Facial Implants
220.127.116.11.2 Breast Implants
18.104.22.168.3 Other Implants
22.214.171.124 Other Aesthetic Devices
5.2 By Application
5.2.1 Skin Resurfacing and Tightening
5.2.2 Body Contouring and Cellulite Reduction
5.2.3 Hair Removal
5.2.4 Breast Augmentation
5.2.5 Other Applications
5.3 By End-User
5.3.3 Other End Users
5.4.1 United Kingdom (By Type of Device, By Application, and By End User)
5.4.2 Germany (By Type of Device, By Application, and By End User)
5.4.3 France (By Type of Device, By Application, and By End User)
5.4.4 Italy (By Type of Device, By Application, and By End User)
5.4.5 Spain (By Type of Device, By Application, and By End User)
5.4.6 Rest of Europe (By Type of Device, By Application, and By End User)
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Company Profiles
6.1.1 Abbvie Inc (Allergan, Inc)
6.1.2 Lumenis Inc.
6.1.3 Johnson & Johnson (Mentor Worldwide)
6.1.4 Sisram Medical (Alma Lasers)
6.1.5 Galderma SA
6.1.6 Syneron Medical Ltd
6.1.7 Merz Pharma GmbH & Co. KGaA
6.1.8 Bausch Health Companies Inc. (Solta Medical Inc.)
6.1.9 Cutera Inc.
6.1.10 Sciton Inc.
6.1.12 Human Med AG
6.1.13 Aerolase Corporation
6.1.14 A.R.C. Laser Gmbh
6.1.15 Asclepion Laser Technologies Gmbh
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Europe Medical Aesthetic Devices Market market is studied from 2018 - 2026.
What is the growth rate of Europe Medical Aesthetic Devices Market?
The Europe Medical Aesthetic Devices Market is growing at a CAGR of 11.07% over the next 5 years.
What is Europe Medical Aesthetic Devices Market size in 2018?
The Europe Medical Aesthetic Devices Market is valued at 2937 Million USD in 2018.
What is Europe Medical Aesthetic Devices Market size in 2026?
The Europe Medical Aesthetic Devices Market is valued at 5121 Million USD in 2026.
Who are the key players in Europe Medical Aesthetic Devices Market?
- Johnson and Johnson
- Alma Lasers
- Lumenis Inc.
- Galderma SA
- Abbvie Inc (Allergan Inc.)
Are the major companies operating in Europe Medical Aesthetic Devices Market.