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The US Aesthetic Devices Market is Segmented by Type of Device (Energy-based Aesthetic Device and Non-energy-based Aesthetic Device), Application, and End User.
The US aesthetic devices market is expected to register a CAGR of around 11.81% over the forecast period. There are certain factors that are affecting the market in a positive way, which include technological advancement in devices, increasing awareness regarding aesthetic procedures, rising adoption of minimally invasive devices, and increasing obese population.
Earlier, anyone seeking medical assistance with cosmetic issues had only intrusive surgical procedures to choose from. Owing to the advances in the field of aesthetics, this is no longer the case. Medical aesthetic technology has advanced rapidly over the past two decades. 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 medical aesthetic technology market. They have been proven financially lucrative, and they are expected to dominate in the near future.
In the area of cellulite reduction, some of the emerging technologies hint at a future of improved outcomes with a positive effect on the overall US market. With such kind of innovations, the market for aesthetic device-based treatments continues to evolve. Furthermore, such advances are expected to make these aesthetic procedures affordable to the patient population, thereby reducing the number of patient visits and healthcare costs.
The scope of the US aesthetic devices market includes all the medical devices that are used for various cosmetic procedures, including plastic surgery, unwanted hair removal, excess fat removal, anti-aging, aesthetic implants, and skin tightening, which are used for beautification, correction, and improvement of the body. Aesthetic procedures include both surgical and non-surgical procedures. The surgical procedures include liposuction, breast implants, facelifts, radiofrequency, and other related procedures. The non-surgical procedures include chemical peel, non-surgical liposuction, and skin-tightening procedures.
|By Type of Device|
|Skin Resurfacing and Tightening|
|Body Contouring and Cellulite Reduction|
|By End User|
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Breast implants are the most common and popular aesthetic surgery procedure in the developed markets, particularly in the United States. Aesthetic surgical procedures include breast augmentation, removal, breast lift, and reduction. Silicone implants are mostly preferred in nearly 90% of cases and the remaining prefer saline implants. Its demand is also increasing among teen male breast reduction. In addition, breast reconstruction has observed the largest number of procedures, followed by breast reduction and breast implant removals. According to the Plastic Surgery Statistics Report 2018, breast augmentation procedures accounted for 0.313 million, an increase of 4% from the previous year.
As it is opted by several celebrities and individuals who seek to improve their external appearance, the demand is expected to increase among the population and drive the market at a modest rate over the forecast period.
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The US aesthetic devices market is moderately competitive. Companies, such as Hologic Inc. (Cynosure), Alma Lasers, Lumenis Inc., Bausch Health Companies Inc. (Solta Medical Inc.), and Allergan, are performing well in the US market. With the rising demand for aesthetic corrections, more companies are entering the market and holding a substantial share.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 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 Devices
4.2.3 Technological Advancement in Devices
4.3 Market Restraints
4.3.1 Social Stigma Concerns
4.3.2 Poor Reimbursement Scenario
4.4 Porter's Five Forces 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 Device
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 Tattoo Removal
5.2.5 Breast Augmentation
5.2.6 Other Applications
5.3 By End User
5.3.3 Home Settings
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Hologic Inc. (Cynosure)
6.1.2 Alma Lasers
6.1.3 Lumenis Inc.
6.1.4 Syneron Medical Ltd
6.1.5 Sciton Inc.
6.1.6 Bausch Health Companies Inc. (Solta Medical Inc.)
6.1.7 Allergan Inc.
6.1.8 El.en. (Asclepion Laser Technologies)
6.1.9 Cutera Inc.
6.1.10 Venus Concept
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments