Market Trends of Saudi Arabia Aesthetic Devices Industry
Skin Resurfacing and Tightening Segment is Expected to Register Significant Growth Over the Forecast Period
Skin tightening is a non-surgical, minimally invasive process that uses an infrared light source to tighten skin by heating the collagen under the skin's surface, causing the skin to contract. It is used for the reduction of wrinkles, fine lines, and skin laxity. Skin tightening treatments for older age groups are designed to replenish lost essential proteins like collagen and elastin while reducing the visible signs of skin fatigue. Thus, an increase in the aging population is expected to drive segmental growth over the forecast period. For instance, according to the United Nations Population Fund report in October 2021, the proportion of older people aged 60 and above, both sexes, is expected to be 23.7% in 2050 in Saudi Arabia. Furthermore, according to United Nations data on World Population Prospects 2022, the projected population of older people in the country aged 60 and above in the year 2023 was 4.42 million, and it is estimated to reach 68.19 million by the year 2100. Thus, with an increase in the geriatric population, the demand for skin resurfacing and tightening increases, thereby driving the growth of the market.
Furthermore, with the increased life expectancy, there is a major increase in people asking for antiaging treatments, coupled with desiring flawless skin. For instance, according to an article published by the Journal of Family Medicine and Primary Care in January 2021, female patients and patients in the age group of 31 to 40 years are seeking skincare and antiaging therapy in Saudi Arabia. Thus, with the surge in antiaging treatment, the demand for skin resurfacing and tightening increases, thereby driving the growth of the market over the forecast period.
Thus, all the above factors, such as an increase in the aging population and increased life expectancy, are expected to contribute to the growth of this segment over the forecast period.
Hospitals Segment is Expected to Register Significant Growth Over the Forecast Period
The hospital segment is expected to have a significant market share due to an increase in the number of plastic surgeries performed in the hospital and the number of beds available for plastic surgery in Saudi Arabia. For instance, according to the Ministry of Health 2021 report, the total number of plastic surgeons in 2021 in Jeddah, the Holy Capital, Riyadh, Qaseem, Madinah, T'if, Eastern Al-Ahsa, and Aseer is 11, 27, 56, 10, 12, 16, 15, 10, and12 respectively in different regions of the country. Thus, with an increase in the number of plastic surgeons in the hospitals in the Kingdom of Saudi Arabia, the demand for aesthetic devices increased, thereby driving market growth.
Additionally, according to the above source, the total number of plastic surgical interventions at Ministry of Health hospitals by health region and hospital sections is 12,989 in Saudi Arabia in 2021, and the total number of plastic surgical interventions in 2021 at Armed Forces Medical Hospital was 2,130 and at National Guard Medical hospital was 3,818. Thus, with increased plastic surgical interventions, the demand for aesthetic device increase, leading to market growth.
Thus, the increase in the number of plastic surgeries performed in the hospital is expected to contribute to the growth of this segment over the forecast period.