Medical Aesthetic Devices Market - Growth, Trends, and Forecast (2019 - 2024)

The Medical Aesthetic Devices Market is segmented by Type of Device, Application, End User, and Geography

Market Snapshot

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Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

11.81%

Key Players:

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Market Overview

The medical aesthetic devices market is expected to witness a CAGR of 11.81%, during the forecast period. Certain factors that are driving the market growth include increasing obese population, increasing awareness regarding aesthetic procedures and rising adoption of minimally invasive devices, and technological advancement in devices.

The concern of people about their appearance is gradually on the increase, both in the developed and the developing countries. Thus, there is an increase in the number of cosmetic surgeries performed annually. Even though the rate of increase is not much high in developing countries, the fact still 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. 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, has increased the sales of medical aesthetic devices, resulting in huge growth in the market size of medical aesthetic devices.

In addition, according to both American Society for Aesthetic Plastic Surgery president, Clyde H. Ishii, and American Academy of Facial Plastic and Reconstructive Surgery president, Dr. Fred G. Fedok, the stigma surrounding plastic surgery is beginning to change. It is no longer reserved exclusively for the affluent or the ultra-vain – instead, people are beginning to associate it with health and self-care. The popularity of plastic surgery in mainstream media has taken private and once tabooed discussion from behind closed doors and pulled curtains and has moved them to watercoolers and dining room tables everywhere.

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. Surgical procedure includes liposuction, breast implants, facelifts, radio frequency, and other related procedure. The non-surgical procedures include chemical peel, non-surgical liposuction, skin tightening procedures, etc.

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
Chemical Peels
Microdermabrasion
Implants
Facial Implants
Breast Implants
Other Impalnts
Other Aesthetic Devices
Application
Skin Resurfacing and Tightening
Body Contouring and Cellulite Reduction
Hair Removal
Tattoo Removal
Breast Augmentation
Other Applications
End User
Hospital
Clinics
Home Settings
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia - Pacific
China
Japan
India
Australia
South Korea
Rest of Asia - Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Hair Removal is Expected to Hold Significant Market Share in the Application Segment

Getting rid of unwanted body hair is one such problem that everyone had faced at some point in their lives. For more than two decades, such people have been turning to several processes of hair removal to help them mitigate this common issue that virtually everyone faces. Since the introduction of laser light and energy-based devices for the removal of unwanted hair, aesthetic physicians and dermatologists have been able to offer effective treatments to patients that have withstood the test of time.

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

Medical aesthetic technology has advanced rapidly over the past two decades in the United States. The highly advanced technologies have offered a wide range of products and solutions to patients seeking medical assistance. New technologies are being developed and introduced into the market, including the use of laser, dynamic pulse control, radiofrequency, and infrared technologies. In recent years, skin-tightening and non-invasive fat technologies have created a new niche in the US medical aesthetic technology market. They have been proven financially lucrative and are expected to dominate in the near future.

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Competitive Landscape

The medical aesthetic devices market is highly competitive and consists of a number of major players. Companies like Allergan Inc., Alma Lasers, Bausch Health Companies Inc. (Solta Medical Inc.), Cutera Inc., El.En. (Asclepion Laser Technologies), Hologic Inc., Lumenis Inc., Sciton Inc., Syneron Medical Ltd, Venus Concept among others, hold the substantial market share in the medical aesthetic devices market.

Major Players

  1. Allergan Inc.
  2. Lumenis Inc.
  3. Alma Lasers
  4. Bausch Health Companies Inc. (Solta Medical, Inc.)
  5. Hologic Inc.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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 Force 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 Chemical Peels

        4. 5.1.2.4 Microdermabrasion

        5. 5.1.2.5 Implants

          1. 5.1.2.5.1 Facial Implants

          2. 5.1.2.5.2 Breast Implants

          3. 5.1.2.5.3 Other Impalnts

        6. 5.1.2.6 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 Tattoo Removal

      5. 5.2.5 Breast Augmentation

      6. 5.2.6 Other Applications

    3. 5.3 End User

      1. 5.3.1 Hospital

      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

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia - Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia - Pacific

      4. 5.4.4 Middle East & Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East & Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Allergan Inc.

      2. 6.1.2 Alma Lasers

      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 Hologic Inc.

      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

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

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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