Medical Aesthetic Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Medical Aesthetic Devices Market is segmented by Type of Device (Energy-based Aesthetic Device and Non-energy-based Aesthetic Device), Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Hair Removal, Facial Aesthetic Procedures, Breast Augmentation, and Other Applications), End User (Hospitals, Clinics, and Home Settings), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

CAGR
Study Period:

2018-2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

11.08 %

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Market Overview

The global medical aesthetic devices market was valued at USD 11,945.23 million in 2020, and it is estimated to reach a revenue of USD 23,168.32 million in 2026, with a CAGR of 11.08% over the forecast period.

The cosmetic and aesthetic devices manufacturers had to shut down the production and supply units due to the lockdown, that was imposed in the beginning of COVID-19 outbreak, globally. According to a survey by Hamilton Fraser Cosmetic Insurance, conducted in March 2020, with 1,360 cosmetic practitioners in the United Kingdom to assess the impact of the pandemic on cosmetic procedures, stated that 99.78% of practitioners revealed that their practice had been affected during the current pandemic. Additionally, consumers are also looking for online cosmetic home treatments. Thus, the cosmetic brands can exploit this opportunity to renovate their online offerings, to offer e-consultation services, and invest in the right technology, such as chatbots and augmented/virtual reality, as more consumers seek cosmetic advice from the comfort of their home during the pandemic, which reduces the risk of being infected. As per the research article published in Journal of Cutaneous and Aesthetic Surgery (September 2020), airborne contaminants are associated with certain lasers, such as ablative fractional lasers and high-peak-power ultrashort-pulsed lasers, such as nano- and picosecond lasers. Also, devices, such as excimer lamp and skin-tightening devices, have probes that come in close contact with the skin, and the risk of transmission of SARS-CoV2 virus is high. Thus, COVID-19 has highly impacted the medical aesthetic devices market worldwide. However, the situation is gradually improving.

Certain factors that are driving the market growth include increasing obese population, increasing awareness regarding aesthetic procedures, rising adoption of minimally invasive devices, and technological advancement in devices.

The concern of people about their appearance is gradually on a rise, both in the developed and the developing countries. Thus, there is an increase in the number of cosmetic surgeries performed, annually. Although the rate of increase is not much high in developing countries, the fact remains that people are getting more concerned with their appearance, especially with the increasing standard of living.

In Asia, cosmetic surgery has become an accepted practice, and countries, such as China and India, have become Asia's biggest cosmetic surgery market. Also, the growing adoption of minimally invasive and non-invasive aesthetic procedures drives the studied market. With the advent of the internet, information became accessible to everyone and people started becoming more aware of the aesthetic procedures. All these factors together increased the awareness among the masses about the medical aesthetic procedures, which, in turn, increased the sales of medical aesthetic devices, resulting in a huge growth in the market size of medical aesthetic devices.

Additionally, the increasing research and development activities, for the launch of novel products in the market will propel the medical aesthetic devices market. For instance, in June 2020, Cynosure launched the Elite iQ platform, the next generation of the Elite+ Aesthetic Workstation in the United States, European, and Australian markets for laser hair removal and skin revitalization applications. Hence, given the above-mentioned factors and increasing product launches, the market studied is expected to boost over the forecast period.

Scope of the Report

Medical 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 surgical procedure includes liposuction, breast implants, facelifts, radiofrequency, and other related procedures. The non-surgical procedures include chemical peel, non-surgical liposuction, and skin-tightening procedures, among others.

The medical aesthetic devices market is segmented by type of device (energy-based aesthetic device and non-energy-based aesthetic device), application (skin resurfacing and tightening, body contouring and cellulite reduction, hair removal, facial aesthetic procedures, breast augmentation, and other applications), end user (hospitals, clinics, and home settings), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America).The report offers the value (in USD million) for the above segments.

Type of Device
Energy-based Aesthetic Device
Laser-based Aesthetic Device
Radiofrequency (RF)-based Aesthetic Device
Light-based Aesthetic Device
Ultrasound Aesthetic Device
Non-energy-based Aesthetic Device
Botulinum Toxin
Dermal Fillers and Aesthetic Threads
Microdermabrasion
Implants
Facial Implants
Breast Implants
Other Implants
Other Aesthetic Devices
Application
Skin Resurfacing and Tightening
Body Contouring and Cellulite Reduction
Hair Removal
Facial Aesthetic Procedures
Breast Augmentation
Other Applications
End User
Hospitals
Clinics
Home Settings
Geography
North America
United States (By Type of Device, By Application, and By End User)
Canada (By Type of Device, By Application, and By End User)
Mexico (By Type of Device, By Application, and By End User)
Europe
Germany (By Type of Device, By Application, and By End User)
United Kingdom (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)
Asia-Pacific
China (By Type of Device, By Application, and By End User)
Japan (By Type of Device, By Application, and By End User)
India (By Type of Device, By Application, and By End User)
Australia (By Type of Device, By Application, and By End User)
South Korea (By Type of Device, By Application, and By End User)
Rest of Asia-Pacific (By Type of Device, By Application, and By End User)
Middle-East and Africa
GCC (By Type of Device, By Application, and By End User)
South Africa (By Type of Device, By Application, and By End User)
Rest of Middle-East and Africa (By Type of Device, By Application, and By End User)
South America
Brazil (By Type of Device, By Application, and By End User)
Argentina (By Type of Device, By Application, and By End User)
Rest of South America (By Type of Device, By Application, and By End User)

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Key Market Trends

Breast Augmentation is Expected to Hold a Significant Market Share in the Application Segment

Breast augmentation, also known as augmentation mammoplasty, is a surgery to increase breast size. It involves placing breast implants under the breast tissue or chest muscles or transferring fat. Breast augmentation procedures have increased over the years. As per a 2019 report by the American Society of Plastic Surgeons (ASPS), the number of breast implant procedures increased considerably in the United States, from 212,500 in 2000 to 299,715 in 2019. Additionally, the increasing product launches and advancements in technologies boosted the growth of the market. For instance, in 2019, Evonik and BellaSeno GmbH entered a long-term agreement for the use of a RESOMER bioresorbable polymer for an innovative breast implant technology. The RESOMER polymer features mechanical properties and a degradation profile that allow the scaffold to safely absorb at a rate that matches the formation of the patient's tissue and is designed to be implanted after breast reconstruction, augmentation, or revision surgery. Thus, owing to the aforementioned factors, the breast augmentation segment is expected to grow significantly over the forecast period.

Medical Aesthetic Devices Market 1

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North America Dominates the Market and Expected to do Same in the Forecast Period

Medical aesthetic technology has advanced rapidly over the past two decades in North America, especially in the United States. The factors that are expected to impact the studied market growth positively include technological advancement in devices, increasing awareness regarding aesthetic procedures, rising adoption of minimally invasive devices, and increasing obese population in the region. According to the American Society of Plastic Surgeons, 18.1 million cosmetic procedures were recorded in 2019, an increase of 2%, from 2018, which included around 1.8 million cosmetic surgical and 16.3 million cosmetic minimally invasive procedures. Also, the high concentration of major players in the region and subsequent product launches play a vital role in the growth of the studied market in the region. For instance, in June 2020, E.S.I. The novel., a part of Essence Group, launched JOLI360, a new skin rejuvenation solution that can measure three skin parameters: hydration, elasticity, and sebum. Thus, the aforementioned factors are expected to boost the market over the forecast period in North America.

Medical Aesthetic Devices Market 2

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Competitive Landscape

The medical aesthetic devices market is moderately competitive and consists many players. Companies, like Abbvie Inc.(Allergan PLC), Alma Lasers Ltd (Sisram Med), Bausch Health Companies Inc. (Solta Medical Inc.), Cutera Inc., El. En. (Asclepion Laser Technologies), Lumenis Inc., Sciton Inc., Syneron Medical Ltd, and Venus Concept, hold a substantial share in the market studied. The major players are involved in strategic alliances, such as acquisitions, collaborations, and research and development activities, to secure their position in the global market. For instance, in May 2020, Abbvie Inc. completed the acquisition of Allergan PLC, thus, expanding its product portfolio in the aesthetic devices market.

Recent Developments

  • In July 2020, Lancer Skincare launched the Pro Polish microdermabrasion device.
  • In March 2020, JW Pharmaceutical launched Initium, a hyaluronic acid filler, in the South Korean market.
  • In February 2020, Sisram Medical Ltd (Alma Lasers) launched ClearSkin PRO, a breakthrough applicator featuring twice the power of previous solutions, resulting in visibly younger looking skin.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Obese Population

      2. 4.2.2 Increasing Awareness Regarding Aesthetic Procedures and Rising Adoption of Minimally Invasive Devices

      3. 4.2.3 Technological Advancement in Devices

    3. 4.3 Market Restraints

      1. 4.3.1 Social Stigma Concerns

      2. 4.3.2 Poor Reimbursement Scenario

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type of Device

      1. 5.1.1 Energy-based Aesthetic Device

        1. 5.1.1.1 Laser-based Aesthetic Device

        2. 5.1.1.2 Radiofrequency (RF)-based Aesthetic Device

        3. 5.1.1.3 Light-based Aesthetic Device

        4. 5.1.1.4 Ultrasound Aesthetic Device

      2. 5.1.2 Non-energy-based Aesthetic Device

        1. 5.1.2.1 Botulinum Toxin

        2. 5.1.2.2 Dermal Fillers and Aesthetic Threads

        3. 5.1.2.3 Microdermabrasion

        4. 5.1.2.4 Implants

          1. 5.1.2.4.1 Facial Implants

          2. 5.1.2.4.2 Breast Implants

          3. 5.1.2.4.3 Other Implants

        5. 5.1.2.5 Other Aesthetic Devices

    2. 5.2 Application

      1. 5.2.1 Skin Resurfacing and Tightening

      2. 5.2.2 Body Contouring and Cellulite Reduction

      3. 5.2.3 Hair Removal

      4. 5.2.4 Facial Aesthetic Procedures

      5. 5.2.5 Breast Augmentation

      6. 5.2.6 Other Applications

    3. 5.3 End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Clinics

      3. 5.3.3 Home Settings

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States (By Type of Device, By Application, and By End User)

        2. 5.4.1.2 Canada (By Type of Device, By Application, and By End User)

        3. 5.4.1.3 Mexico (By Type of Device, By Application, and By End User)

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany (By Type of Device, By Application, and By End User)

        2. 5.4.2.2 United Kingdom (By Type of Device, By Application, and By End User)

        3. 5.4.2.3 France (By Type of Device, By Application, and By End User)

        4. 5.4.2.4 Italy (By Type of Device, By Application, and By End User)

        5. 5.4.2.5 Spain (By Type of Device, By Application, and By End User)

        6. 5.4.2.6 Rest of Europe (By Type of Device, By Application, and By End User)

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China (By Type of Device, By Application, and By End User)

        2. 5.4.3.2 Japan (By Type of Device, By Application, and By End User)

        3. 5.4.3.3 India (By Type of Device, By Application, and By End User)

        4. 5.4.3.4 Australia (By Type of Device, By Application, and By End User)

        5. 5.4.3.5 South Korea (By Type of Device, By Application, and By End User)

        6. 5.4.3.6 Rest of Asia-Pacific (By Type of Device, By Application, and By End User)

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC (By Type of Device, By Application, and By End User)

        2. 5.4.4.2 South Africa (By Type of Device, By Application, and By End User)

        3. 5.4.4.3 Rest of Middle-East and Africa (By Type of Device, By Application, and By End User)

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil (By Type of Device, By Application, and By End User)

        2. 5.4.5.2 Argentina (By Type of Device, By Application, and By End User)

        3. 5.4.5.3 Rest of South America (By Type of Device, By Application, and By End User)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbvie Inc. (Allergan PLC)

      2. 6.1.2 Alma Lasers Ltd (Sisram Med)

      3. 6.1.3 Bausch Health Companies Inc. (Solta Medical Inc.)

      4. 6.1.4 Cutera Inc.

      5. 6.1.5 El.En. (Asclepion Laser Technologies)

      6. 6.1.6 Cynosure

      7. 6.1.7 Lumenis Inc.

      8. 6.1.8 Sciton Inc.

      9. 6.1.9 Syneron Medical Ltd

      10. 6.1.10 Venus Concept

      11. 6.1.11 Galderma

      12. 6.1.12 Johnson & Johnson

      13. 6.1.13 Dentsply Sirona Inc.

      14. 6.1.14 Hologic Inc.

      15. 6.1.15 Merz Pharma GmbH & Co. KGaA

      16. 6.1.16 Sientra Inc.

      17. 6.1.17 Valeant Pharmaceutical International Inc.

      18. 6.1.18 Zimmer Biomet Holdings Inc.

      19. 6.1.19 Human Med AG

      20. 6.1.20 Aerolase Corporation

      21. 6.1.21 Bohus Biotech AB

      22. 6.1.22 ReCosmo Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Global Medical Aesthetic Devices Market market is studied from 2018 - 2026.

The Global Medical Aesthetic Devices Market is growing at a CAGR of 11.08% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

  • Sisram Med (Alma Lasers)
  • Bausch Health Companies
  • Johnson & Johnson
  • Cynosure
  • Abbvie Inc.(Allergan plc)

Are the major companies operating in Global Medical Aesthetic Devices Market.

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