Aesthetic Devices Market Size & Share, by Application (Contouring, Rejuvenation, Tattoo Removal, Hair Removal, Body Enhancement); Product (Aesthetic Laser & Energy Devices, Body Contouring & Skin Tightening Devices); End-user (Cosmetic Centers, Hospitals, Dermatology Clinics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 3851
  • Published Date: Feb 27, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

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.


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Aesthetic Devices Market
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Aesthetic Devices Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~12%

Base Year Market Size (2022)

~ USD 15 Billion

Forecast Year Market Size (2033)

~ USD 40 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Aesthetic Devices Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Rising Popularity of Minimally Invasive Surgery - Minimally invasive procedure has an advantage over other surgery, they are, less painful, shows the good result, are less intrusive, and has quicker healing. This makes the treatment with minimal invasion popular among the patients, and it is anticipated to increase the growth of the global aesthetic devices market over the forecast period. In the United States, nearly 18 million aesthetic surgeries were done in the year 2019, out of which around 16 million were minimally invasive procedures.
  • Surge in Practices of Cosmetic Surgery - People’s disapproval of their skin, looks, or the aging effects is making them go for cosmetic enhancement and practice aesthetic surgery. In 2020, around 10 million surgical procedures and about 14 million non-surgical cosmetics were performed, globally.
  • Advancement in the Technology of Aesthetic Devices - Growing technology is always the need of an hour, and it provides ample treatment options for the patients and creates growing space for aesthetic devices as well. Therefore, it is anticipated to increase the growth of the global aesthetic devices market.  In April 2019, Legend Pro+, an RF thermal skin regeneration technology, was launched to boost the formation of collagen and elastin fibers, it firms the skin by performing skin stimulation.
  • Increasing Number of People with Distorted Tooth - The problems such as distorted teeth or broken teeth have a significant effect on the aesthetic beauty of the face. The cases of teeth problems among the population are rising, and it is predicted to boost the market’s growth. According to the World Health Organization, globally 530 million children have caries in the primary teeth, and 2 billion people are living with the crumbling of their permanent teeth.
  • Rise in Problems of Hair Loss and Scalp-Related Issues - Hair loss issues among the population are rising owing to pollution, degraded water quality, lack of nutrition, and others. In 2020, globally every 13th person is having hair transplantation, worldwide and the volume of male patients is about 5 times higher than females.

Challenges

  • Expensive Treatment of Aesthetic Surgery - Instead of fixing the problems, many times aesthetic surgery might lead to serious issues such as the overdose of hormones, distortion of facial features, and in some cases can even lead to death. Any sort of aesthetic treatment or surgery involves risk as well. This fear of malfunction is likely to hamper the market growth. According to statistics from the ANN (Aesthetic Neural Network), more than $9 billion was spent on cosmetic plastic surgery in 2020.
  • Lack of Adequate Insurance and Reimbursement Policy
  • Risk of Malfunctions and Facial Distortion due to Cosmetic Surgery


Aesthetic Devices Segmentation

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:

                  By Application

  • Contouring
  • Rejuvenation
  • Tattoo Removal
  • Hair Removal
  • Body Enhancement

                 By Product

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

                By End-User

  • Cosmetic Centers
  • Dermatology Clinics
  • Hospitals
  • Others

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Aesthetic Devices Industry - Regional Synopsis

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.

Research Nester
Aesthetic Devices Market Size
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Companies Dominating the Aesthetic Devices Landscape

top-features-companies
    • Alma Lasers
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Ardelyx, Inc.
    • Sciton Inc.
    • Allergan, Inc.
    • Nestle Skin Health
    • Johnson & Johnson
    • Lumenis BE Ltd.
    • Solta Medical
    • Sanuwave Health Inc.
    • Candela Corporation
    • Cynosure, Inc.

In-the-news

In The News

  • 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


  • Report ID: 3851
  • Published Date: Feb 27, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Higher demand for aesthetic treatment & minimally invasive techniques, rising cases of hair loss, tooth loss, and growing technology are the few factors likely to propel the market growth

The market is anticipated to attain a CAGR of ~12% over the forecast period, i.e., 2023 – 2033.

The risk of malfunctioning during surgery, expensive treatment, and poor reimbursement policy are a few factors likely to hamper market growth.

The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Alma Lasers, Sciton Inc., Allergan, Inc., Nestle Skin Health, Johnson & Johnson, Lumenis BE Ltd., Solta Medical, Sanuwave Health Inc., Candela Corporation, Cynosure, Inc., others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by application, product, end user, and region.

The hospital segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Aesthetic Devices Market Report Scope
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