Aesthetic Devices Market size is expected to cross USD 40 Billion by the end of 2033, growing at a CAGR of 12% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of aesthetic devices was over USD 15 Billion.The primary growth factor of the global market is increasing awareness about aesthetics and skin care, which in turn drives demand for beauty products. Additionally, technological advancements are helping to improve the quality of these products. This has led to increased adoption of aesthetic devices by individuals across all age groups. Skin problems including acne, dermatitis, sunburn, dermatitis, psoriasis, and others require treatment and thus propelling the market growth. According to the NIH, the rate of prevalence of acne vulgaris, lesions, and deep scars is 50.9% in women aged 20-29 years and 26.3% in women of age 40-49 years globally.
In addition to these, the increased prevalence of cosmetic treatments such as skin lifts, Botox, tissue regeneration, and others are fueling the market’s growth. The availability of these treatments has also increased as a result of increasing R&D, fueling additional growth in demand. As per the American Society of Plastic Surgeons, 3 million procedures of tissue fillers were performed, and 140,000 procedures of dermabrasion. Moreover, higher instances of hair loss, chipped teeth, and tattoo removal is expected to propel the market growth. The market for aesthetic devices is predicted to grow as more people choose these procedures to enhance their looks and raise their confidence.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~12% |
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Base Year Market Size (2022) |
~ USD 15 Billion |
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Forecast Year Market Size (2033) |
~ USD 40 Billion |
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Regional Scope |
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Application (Contouring, Rejuvenation, Tattoo Removal, Hair Removal, Body Enhancement)
The aesthetic devices market is segmented and analyzed for demand and supply by application into contouring, rejuvenation, tattoo removal, hair removal, and body enhancement. Amongst all, the body enhancement segment is anticipated to hold the largest market size by the end of 2033, owing to the rising need for people to look young, have uplifted bodies, and achieve the desired look is prompting them to do body enhancement by opting plastic surgery, liposuction, breast implants, and others. In 2019, nearly 2 million breast enhancements were performed, followed by around 11 million plastic surgery, over 1 million liposuctions, and about 1 million eyelid surgery.
End-user (Cosmetic Centers, Hospitals, Dermatology Clinics)
The global aesthetic devices market is also segmented and analyzed for demand and supply by end user into cosmetic centers, hospitals, dermatology clinics, and others. Amongst these segments, the hospital segment is expected to garner a significant share. This market's growth can be attributed to rising patient preference for minimally invasive cosmetic surgeries in hospitals. Moreover, the increasing adoption of new and advanced products by hospitals owing to better financial capacity is further projected to rise the segment’s growth in the market.
Our in-depth analysis of the global market includes the following segments:
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By Application |
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By Product |
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By End-User |
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The North America aesthetic devices market is projected to hold the largest market share by the end of 2033, owing to the high frequency of facial and dental malformations, rising numbers of people choosing cosmetic surgery products, and a growing number of cosmetic procedures with such a big patient base in North America. There are around 3700 dermatologists active in the United States. The growing need for aesthetic surgery is to propel the growth of the market in the region. In 2020, more than 15 million cosmetic procedures were performed in America.. According to the AAFPRS survey released in March 2022, there were approximately 1.4 million surgical and non-surgical procedures performed in the United States in 2021, an increase of 40% from the procedures performed in 2020. Additionally, according to the ISAPS survey published in December 2021, 860,718 aesthetic operations, including 456,489 surgical procedures and 404,229 non-surgical procedures, were carried out in Mexico in 2021.
Lumenis, Inc. announced the launch of new skin rejuvenation technology, Legend Pro+, the technology facilitates treatments with less pain and quicker recovery treatments. The results provided by Legend Pro+ are immediate and long-lasting.
Sanuwave Health, Inc. announced the distribution agreement with Kingdom Brother, to accelerate the development and distribution of cosmetic treatment devices and wound care products in Southeast Asia region.
Author Credits: Radhika Gupta, Shivam Bhutani
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