Medical Aesthetic Devices Market Size, Share, Growth, Trends, and Forecast, 2032

Medical Aesthetic Devices Market Insights

Zion Market Research has published a report on the global Medical Aesthetic Devices Market, estimating its value at USD 14.46 Billion in 2023, with projections indicating that it will reach USD 33.71 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 9.86% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Medical Aesthetic Devices Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Medical Aesthetic Devices Industry Prospective   

Rising acceptance of minimally invasive operations in dermatological applications paired with the rapid increase in population between the age of 30 and 60 are major factors planned to be major demand boosters within the medical aesthetic devices market. This, in return, escalates the demand for dermatological applications in the Asia Pacific market. This is often providing new development chances for the worldwide medical aesthetic devices market. On the opposite hand, the high price of treatment is anticipated to be the main limitation for the medical aesthetic devices market. 

Additionally to the present, technological enhancements will offer innovative items and might open up new growth opportunities within the coming years. For instance, in April 2018, Salient Medical Solutions unrolled a new facial skin analysis system that employs skin care photographic imaging tools. The device offers clinical calculations of subsurface and surface facial skin conditions by using digital images techs through PL polarized light, RGB light, and UV spectrum. This launch of the new device has enhanced the event of the medical aesthetic devices market.

Growth Factors

The global Medical Aesthetic Devices market is primarily driven by the expansion of the medical device industry in the Asia Pacific region, especially in China, India and Japan. Another major driving factor is the increasing demand for minimally invasive procedures coupled with technological innovations, increasing obese population, increasing awareness regarding aesthetic procedures and rising adoption of minimally invasive devices. Additionally, the concern of individuals about their appearance is gradually on an increase, both within the developed and therefore the developing countries. Thus, there's a rise within the number of cosmetic surgeries performed, annually. However, volatile staple prices and strict government regulations implied in this industry are major restraints that will limit the expansion of the market.

Medical Aesthetic Devices Market: Report Scope

Segment Analysis Preview

Based on products the market is segmented into aesthetic skin tightening & body contouring devices, laser & energy devices, aesthetic implants and facial aesthetic devices. The facial aesthetic products segment is expected to hold the largest share of the medical aesthetics market in 2020. The large share of this segment is attributed to the growing patient demand for facial aesthetic treatments, increasing disposable income and spending capabilities, and the rising geriatric population across the globe. Key application market covered under this study includes facial & skin rejuvenation, facial & body contouring, breast enhancement, scar treatment, reconstructive surgery, tattoo removal and hair removal.

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Regional Analysis Preview

The medical aesthetic devices market was led by North America with the share of over 39% in 2020. This area is anticipated to carry on its supremacy in the medical aesthetic devices market in the coming years. The attendance of a huge base of major players in this area paired with technological improvements is anticipated to assist the region to maintain its dominance in the global medical aesthetic devices market in the years to come.  Europe was another leading region in the medical aesthetic device market. This development is primarily due to unremitting technological enhancements in the aesthetic device.

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Key Market Players & Competitive Landscape

Some of the key players in the Medical Aesthetic Devices market include

• Lumenis Ltd
• Mentor Worldwide LLC 
• Merz Inc
• Alma Lasers
• Allergan plc
• Cutera Inc
• Galderma S.A.
• Cynosure Inc
• Syneron Medical Ltd
• Solta Medical Inc
• ZELTIQ Aesthetics Inc

The global Medical Aesthetic Devices Market is segmented as follows:  

By Application

• Facial & Skin Rejuvenation
• Facial & Body Contouring
• Breast Enhancement
• Scar Treatment
• Reconstructive Surgery
• Tattoo Removal
• Hair Removal 

By Product

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

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa