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A00746 | Pages: 115 | Charts: 55 | Tables: 140 |
The global medical aesthetic devices market was valued at $13,529.65 million in 2020, and is projected to reach $38,916.60 million by 2030, growing at a CAGR of 10.7% from 2021 to 2030. Medical aesthetic is used to treat and enhance the aesthetic appearance of a person by treating various conditions, such as skin laxity, excessive fat, cellulite, scars, moles, wrinkles, unwanted hair, liver spots, spider veins, and skin discoloration. Traditionally, it includes dermatology, oral & maxillofacial surgery, reconstructive surgery, and plastic surgery. Aesthetic medicine comprises surgical & non-surgical procedures and a combination of both can be used to enhance the physical appearance of an individual. In addition, deformities caused due to accidents, trauma, and other congenital disorders are rectified by the use of aesthetic devices (particularly implants). In addition, aesthetic procedures help reverse the ageing process to a certain extent. Moreover, the importance of physical appeal is on rise and people globally are attracted to products and treatments that will help them retain their youth and beauty.
The medical aesthetic market size is expected to exhibit significant growth during the forecast period, due to increase in demand for minimally invasive & noninvasive reconstruction surgeries. The key factors driving the medical aesthetic market growth are rise in incidence of congenital face & tooth deformities and increase in awareness for aesthetic appearance.
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However, high costs of treatment, low reimbursements, and risk of malfunctions associated with implants restricts the market growth. On the contrary, development of the medical tourism industry, emergence of tourism medical spas, and adoption of aesthetic procedures to enhance physical appearance are expected to provide several opportunities for key market players and enhance medical aesthetic industry .
The global medical aesthetic market size is segmented into product, application, end user, and region. According to type of product, the market is divided into devices and aesthetic implants. On the basis of application, it is bifurcated into surgical and non-surgical. Depending on end user, it is segregated into hospitals & clinics and medical spas & beauty centers.
[PRODUCTGRAPH]
Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By type, the aesthetic implant segment was the major revenue contributor in 2020, and is anticipated to continue this trend during the forecast period, due to increase in awareness about cosmetic procedures escalated the market growth. On the other side, the demand for devices is projected to exhibit the fastest market growth during the forecast period, owing to rise in aging population, availability of consumer-friendly devices, and increase in trend to look aesthetically appealing.
[APPLICATIONGRAPH]
On the basis of application, the non-surgical segment presently dominates the medical aesthetic market share, and is expected to remain dominant during the forecast period, as non-surgical medical aesthetic procedures are more accessible and affordable when compared with surgical procedures.
Depending on end user, the hospitals & clinics segment presently dominates the market, and is expected to remain dominant during the forecast period, as hospitals & clinics provide almost all the types of cosmetic procedures for patients
[ENDUSERGRAPH]
Region wise, North America dominated the market in 2020, accounting for the highest share, and is anticipated to maintain this trend throughout the medical aesthetic market forecast, owing to increased adoption of medial aesthetics, enhanced technological advancements, and development of novel products by key players. In addition, rise in geriatric population, favorable reimbursement rates, prevalence of congenital tooth & face deformities, and advanced healthcare infrastructure are anticipated to drive the medical aesthetic industry.
This report provides comprehensive competitive analysis and profiles of prominent market players such as key players operating in the Allergan PLC, Solta Medical Syneron Medical Ltd., Cynosure Inc. Lumenis Ltd. Johnson & Johnson, Merz Pharma GmbH & Co. KGaA, Alma Lasers Ltd. (acquired by Shanghai Fosun Pharmaceutical Co., GC Aesthetics Plc., Sientra Inc., Zimmer Biomet Holdings, Inc., and Dentsply Sirona Inc.
[REGIONGRAPH]
Key Market Segments
Key Market Players