Medical Aesthetic Devices Market
Medical Aesthetic Devices Market By Type (Facial Aesthetic Products, Body Contouring Devices, Cosmetic Implants, Hair Removal Devices, Skin Aesthetic Devices), By End User & By Region - Global Market Insights 2022 to 2027
Medical Aesthetic Devices Market Outlook (2022-2027)
Worldwide demand for medical aesthetic devices is anticipated to increase at a stupendous CAGR of 10% from 2022 to 2027. In 2022, the global medical aesthetic devices market is valued at US$ 13.7 billion and is projected to climb to a market size of US$ 22 billion by 2027.
Sales of facial aesthetic products are expected to rise at a prolific CAGR of 12% through 2027 owing to growing awareness among people about uplifting their facial features.
Medical Aesthetic Devices Market Size (2022)
US$ 13.7 Billion
Projected Market Value (2027)
US$ 22 Billion
Global Market Growth Rate (2022-2027)
Market Share of Facial Aesthetic Products
Share in Medical Devices Market (2022)
Key Companies Profiled
Interested to Procure The Data
Sales Analysis of Medical Aesthetic Devices (2017-2021) Vs. Market Projections (2022-2027)
“Public Awareness about Cosmetic Surgery Procedures Growing Rapidly”
According to Fact.MR, a market research and competitive intelligence provider, demand for medical aesthetic devices is projected to increase at a CAGR of 10% from 2022 to 2027.
Individuals are becoming more and more self-conscious. As a result, there is a rise in cosmetic surgery procedures performed each year. A technique called medical aesthetics favors highly advanced facial beauty treatments over the use of infrequent surgical and non-surgical procedures.
All medical tools used to enhance a patient's physical appearance and look through minimally-invasive or non-invasive cosmetic operations are referred to as medical aesthetic devices.
Rising prevalence of obesity, increased awareness of cosmetic procedures, and technological advancements in dermatology devices are factors that are fueling market expansion.
What’s Driving the Market Share of Medical Aesthetic Devices?
“Technological Innovations in Aesthetic Devices for Enhancing Face Features”
The evolution of the Internet and the rising popularity of social media have made information more widely available and raised awareness of aesthetic procedures. Growing social media usage and public awareness of medical aesthetic procedures are both anticipated to have a beneficial impact on the sales of medical aesthetic products, leading to a significant increase in market size.
Several medical aesthetic techniques may be used depending on the therapy and type of condition being treated. A variety of tools are used to perform such medicated procedures. Customers now have a non-invasive option for facial rejuvenation thanks to the use of the most recent skin revitalizing handheld devices to regenerate healthy skin on the face.
Medical aesthetics is the use of various surgical and non-surgical procedures to enhance the appearance of the skin on the face. It entails combining medical and aesthetic procedures. The most important factors driving the growth of the global aesthetic devices market are rising prevalence of congenital teeth, rising incidences of face physical abnormalities, innovations in aesthetic devices, and an increase in beauty treatments.
Collagen banking is one significant development currently in the industry. The development of therapies such as Ultherapy has contributed to popularizing this style. More than 70% of Ultherapy patients, according to studies, are between the ages of 29 and 45. The treatment has quickly gained popularity over time as younger generations become more aware of the benefits of purchasing collagen banks for the greatest overall skincare.
The continual technological innovations in aesthetic devices are another trend in the market for medical aesthetic devices. Modern cosmetic operations are becoming more smooth and uncomplicated thanks to the development of high-tech medical aesthetic devices.
Young people are also getting more aware of how they look. The urge for body contouring and skin tightening procedures is considerably increased by these factors. In addition to spreading awareness, successful government programs and donations for field research are anticipated to increase market revenue.
As the risk of infection decreases, more people will seek aesthetic advice from the comfort of their homes. This allows cosmetic companies the opportunity to update their online offerings, provide e-consultation services, and invest in the technology required, such as chatbots and augmented/virtual reality.
The market share for medical aesthetic devices is also predicted to develop over the coming years as a consequence of the rising popularity of aesthetic operations among senior females and the expanding use of skin rejuvenation and botulinum toxin for enhancing face aesthetics.
An Adaptive Approach to Modern-day Research Needs
How is Market Growth Being Restrained to Some Extent?
“High Cost & Side Effects Related to Medical Aesthetic Procedures”
Some of the key issues impeding the growth of the global market for medical aesthetic devices are the high cost of procedures, poor reimbursement policies, and the possibility of implant malfunctions.
The growth of the medical aesthetic devices market may be adversely affected to some extent by strict safety standards governing these operations.
Various potential negative effects are linked to medical aesthetic procedures. Patients receiving aesthetic treatments may have several risks and consequences before, during, and after the procedure.
Social stigmas connected to medical aesthetic treatments include misconceptions about aesthetic operations, as well as ethical and religious objections to some cosmetic procedures, including fillings, augmentations, and erasures.
Cosmetic surgery and other invasive anti-aging procedures, including BOTOX, are still not widely accepted. These aforementioned factors are stifling market growth.
How are New Entrants Contributing to Market Growth?
“Start-ups Engaged in Developing Unique Aesthetic Techniques”
New companies are focused on developing unique aesthetic techniques, which emphasize safety, clinical results, and aesthetic wellness.
- A start-up based in Israel, SofWave, provides cutting-edge, non-invasive technology that reduces facial wrinkles and lines. With no harm to the epidermis or underlying structures, its patented high frequency, high intensity, intense ultrasound beam technology permits treatment at the ideal depth of 1.5mm in the mid-dermis. This is an innovative, simple, efficient, and secure technique that provides an alternative to radiofrequency.
Which Region Should Medical Aesthetic Device Suppliers Invest In?
“High Availability of Board-certified & Professional Cosmetic Surgeons in North America”
North America accounts for the highest share of the medical aesthetic devices market. The market is expanding due to the increasing popularity of cosmetic and rejuvenation services among consumers to enhance look, growing awareness and knowledge of non-invasive aesthetic treatments as well as significant investments made by top industry players to provide cost-effective advanced aesthetic machines.
Some of the key factors influencing market growth in the region include the adoption of cosmetic operations, the growing prevalence of skin problems, and the availability of board-certified and professional cosmetic surgeons.
How is the Market for Medical Aesthetic Devices Progressing in the U.S.?
“High Popularity of Medical Aesthetic Treatments in the Country”
The number of medical aesthetic treatments performed in the United States has increased, according to the American Society for Aesthetic Plastic Surgery.
The U.S. medical aesthetics market is expanding primarily as a result of rising demand for cosmetic surgeries, favorable reimbursement rates, rising adoption of aesthetic ophthalmology devices, and widespread use of technologically advanced aesthetic procedures.
The high frequency of facial and dental abnormalities, rising demand for various aesthetic operations, technological advancements in medical aesthetic equipment, and an increase in obesity are all factors contributing to market expansion in the United States.
What’s Driving Medical Aesthetic Equipment Demand in China?
“Rising Investments by Government Organizations to Develop Innovative Devices”
The medical aesthetic devices market in China is expected to increase at a CAGR of 9% from 2022 to 2027. Market expansion in China is fuelled by rising medical tourism, higher public awareness of anti-aging surgeries, and improvements in R&D facilities and healthcare infrastructure.
The market in China is expected to be driven by a large population base, increased disposable income, and growing investments by government organizations in the development of innovative devices.
Why are Facial Aesthetic Products in High Demand?
“Increasing Preference for Non-invasive Beauty Techniques”
By type, the medical aesthetic devices market is divided into skin aesthetic devices, body contouring devices, cosmetic implants, facial aesthetic products, hair removal devices, and others. Facial aesthetic products account for 40% share of the global market.
Sales of facial aesthetic products are expected to increase over the coming years due to the increasing patient demand for non-invasive beauty techniques and facial aesthetic treatments, increased disposable income, an ageing population who are increasingly demanding these procedures, and new product launches.
Less expensive alternatives to invasive beauty procedures, the accessibility of high-tech facial aesthetic products, and the acceptance of non-surgical anti-aging techniques are the main factors boosting the demand for facial aesthetic products.
Which End User Accounts for High Usage of Medical Aesthetic Devices?
“Huge Availability of Innovative Medical Aesthetic Machines in Hospitals”
The medical aesthetic devices market is segmented into hospitals, medical spas, beauty centers, and home settings based on end user. Hospitals perform several minimally-invasive operations, including aesthetic procedures.
The need for medical aesthetic devices in hospitals is driven by rising patient awareness about cosmetic surgeries, an increase in hospital-based treatments, and rising healthcare spending, as well as the availability of innovative medical aesthetic machines.
The segment growth is attributed to the rise in hospitals and the abundance of financial and infrastructural resources such as high-end aesthetic medical products, skilled personnel, and facilities for performing cosmetic operations.
Key manufacturers of medical aesthetic devices employ a variety of tactics to maintain their market-leading positions. Top companies in the aesthetic devices market are focused on introducing novel advanced esthetic devices to diversify their product offerings and broaden their portfolio.
For instance :
- In 2021, the Facial Sculpting Wand was introduced by Shani Darden Skincare, Inc. Vibration therapy is employed by the gadget to give the face a more toned and sharp appearance.
Key Segments in Medical Aesthetic Devices Industry Research
By Type :
- Facial Aesthetic Products
- Body Contouring Devices
- Cosmetic Implants
- Hair Removal Devices
- Skin Aesthetic Devices
By End User :
- Medical Spas
- Beauty Centers
- Home Settings
By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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