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Aesthetic Devices Market Segmentation by Product Type (Aesthetic Laser & Energy Devices, Skin Tightening & Body Contouring Devices, Facial Aesthetic Devices, and Aesthetic Implants); by Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Facial Aesthetic Procedures, Breast Augmentation, and Others); by End-user (Hospitals & Clinics, Beauty Centers, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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IN THE NEWS

  • April 2021: Alma Lasers launched Alma PrimeX, a non-invasive platform for circumference reduction and skin tightening in the abdomen, waist, thighs and buttocks areas. The company utilizes its proprietary combination of legacy ultrasound and radiofrequency technologies for delivering results.

  • August 2018: Cutera launched truSculpt iD system for fast and efficient treatment for circumferential reduction and fat thickness reduction as measured by ultrasound. The solution takes as little as 15 minutes to complete one treatment.

Global Aesthetic Devices Market Highlights Over 2022 – 2030

The global aesthetic devices market is estimated to garner significant revenue by growing at a CAGR of ~10% over the forecast period, i.e., 2022 – 2030. The growth of the market is attributed to technological advancements in aesthetic devices, and surge in demand for aesthetic surgeries on the back of increasing geriatric population and rise in the number of individuals with obesity. According to International Society of Aesthetic Plastic Surgery (ISAPS), in 2019, a total of 11,363,569 surgical aesthetic procedures & 13,618,735 non-surgical aesthetic procedures were performed globally.

Aesthetic Devices Market Graph

Furthermore, increasing preference towards minimally invasive procedures to obtain desired results with minimum complications, lesser recovery time, and least need for hospital admissions are fostering the growth of the market. As per ISAPS 2019 statistics, the major non-surgical aesthetic procedures performed globally included botulinum toxin, hyaluronic acid, hair removal, nonsurgical fat reduction, and photo rejuvenation.

However, high treatment cost and risk of complications related to certain implants due to unexpected reactions to anesthesia or having health issues such as diabetes, high body mass index, HIV, and others are likely to restrain the growth of the market.

The market is segmented by product type into aesthetic laser & energy devices, skin tightening & body contouring devices, facial aesthetic devices, and aesthetic implants, out of which, the aesthetic implants segment is anticipated to hold the largest market share owing to increasing demand for dental and breast implant procedures and the high durability of implant procedures. In 2019, a total of 229,680 breast implant procedures were performed worldwide, which was an increase of 10.7% from that of 2018.

On the basis of application, the market is segmented into skin resurfacing and tightening, body contouring and cellulite reduction, facial aesthetic procedures, breast augmentation, and others, out of which, the breast augmentation segment is estimated to grow at the highest rate over the forecast period and hold the largest market share. Breast augmentation placing breast implants under breast tissue or chest muscles to increase breast size. The growth of the segment can be attributed to technological development and growing novel product launches, and replacement of breast tissue due to cancer or breast abnormalities and its utilization in revision surgeries. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure Graph

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Aesthetic Devices Market Regional Synopsis

Geographically, the global aesthetic devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is expected to hold the largest market share owing to rapid advancement of aesthetic technology in the region, and growing awareness for aesthetic procedures and adoption of non-invasive procedures. According to American Society of Plastic Surgeons (ASPS), about 15.6 million cosmetic procedures were performed in the U.S. in 2020, out of which, the top five procedures included nose reshaping, eyelid surgery, facelift, liposuction, and breast augmentation.

Asia-Pacific region is projected to witness growth at the highest rate over the forecast period owing to growing population with increasing disposable income. According to the World Bank data, the population in South Asia region increased from 1.391 Billion in 2000 to 1.857 Billion in 2020, while statistics by Organisation for Economic Co-operation and Development (OECD) state that the net annual growth rate of household disposable income in Japan, Korea, New Zealand, and Australia were 0.6%, 3.2%. 4.0%, and 4.5% respectively in 2020. Moreover, the region is witnessing exploding demand for cosmetic procedures over rising number of aesthetic procedure practitioners, which is expected to further foster the growth of the market. According to data reported by the International Society of Aesthetic Plastic Surgery (ISAPS), total aesthetic procedures performed in Japan, India, and Thailand in the year 2019 were 1,473,221, 643,752, and 123,228 respectively.

Aesthetic Devices Market Share Graph

The global aesthetic devices market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global aesthetic devices market includes the following segments:

By Product Type

  • Aesthetic Laser & Energy Devices
  • Skin Tightening & Body Contouring Devices
  • Facial Aesthetic Devices
  • Aesthetic Implants

By Application

  • Skin Resurfacing and Tightening
  • Body Contouring and Cellulite Reduction
  • Facial Aesthetic Procedures
  • Breast Augmentation
  • Others

By End-User

  • Hospitals & Clinics
  • Beauty Centers
  • Others

Growth Drivers

  • Technological advancements in aesthetic devices
  • Surge in demand for aesthetic surgeries

Challenges

  • High treatment cost
  • Risk of complications related to certain implants

Top Featured Companies Dominating the Market

  • Alma Lasers 
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Bausch Health Companies Inc.
  • Johnson & Johnson Services, Inc.
  • Cynosure
  • Allergan Aesthetics (AbbVie)
  • El.En. S.p.A
  • Cutera
  • Sciton, Inc.
  • Candela Medical
  • Galderma Laboratories, L.P.

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