The global Medical Aesthetic Devices Market accounted for USD 10.42 Billion in 2020 and is expected to reach USD 16.68 Billion by 2028, growing at a CAGR of 5.9% from 2021 to 2028.
The global Medical Aesthetic Devices Market accounted for USD 10.42 Billion in 2020 and is expected to reach USD 16.68 Billion by 2028, growing at a CAGR of 5.9% from 2021 to 2028.
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.
The global Medical Aesthetic Devices market has witnessed a slight decline in growth for the short term due to the lockdown endorsement placed by governments to contain COVID spreading. The medical aesthetic devices manufacturers had to shut down the production and supply units due to the lockdown, that was imposed at the beginning of the COVID-19 outbreak, globally. These suppliers have their manufacturing facilities spread across various countries. Thus, COVID-19 has highly impacted the medical aesthetic devices market worldwide. However, the situation is gradually improving.
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.
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
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.
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.
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., and ZELTIQ Aesthetics, Inc.
The global Medical Aesthetic Devices Market is segmented as follows:
By Application
By Product
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Application
FIG NO. 2. Market Attractiveness Analysis, By Product
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Medical Aesthetic Devices Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 7. Global Medical Aesthetic Devices Market for Scar Treatments, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Medical Aesthetic Devices Market for Scar Treatments, By Country, 2020 & 2028
FIG NO. 9. Global Medical Aesthetic Devices Market for Facial & Body Contouring, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Medical Aesthetic Devices Market for Facial & Body Contouring, By Country, 2020 & 2028
FIG NO. 11. Global Medical Aesthetic Devices Market for Breast Enhancement , Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Medical Aesthetic Devices Market for Breast Enhancement , By Country, 2020 & 2028
FIG NO. 13. Global Medical Aesthetic Devices Market for Facial & Skin Rejuvenation, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Medical Aesthetic Devices Market for Facial & Skin Rejuvenation, By Country, 2020 & 2028
FIG NO. 15. Global Medical Aesthetic Devices Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Medical Aesthetic Devices Market for Others, By Country, 2020 & 2028
FIG NO. 17. Market Revenue Share, By End-User, 2020 & 2028
FIG NO. 18. Global Medical Aesthetic Devices Market for Aesthetic Skin Tightening & Body Contouring Devices, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Medical Aesthetic Devices Market for Aesthetic Skin Tightening & Body Contouring Devices, By Country, 2020 & 2028
FIG NO. 20. Global Medical Aesthetic Devices Market for Laser & Energy Devices , Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Medical Aesthetic Devices Market for Laser & Energy Devices , By Country, 2020 & 2028
FIG NO. 22. Global Medical Aesthetic Devices Market for Aesthetic Implants , Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Medical Aesthetic Devices Market for Aesthetic Implants Country, 2020 & 2028
FIG NO. 24. Global Medical Aesthetic Devices Market for Facial Aesthetic devices, Revenue (USD Billion) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Medical Aesthetic Devices Market for Facial Aesthetic devices Country, 2020 & 2028
FIG NO. 26. Global Medical Aesthetic Devices Market Revenue Share, By Region, 2020 & 2028
FIG NO. 27. North America Medical Aesthetic Devices Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 28. Porter’s Five Forces Analysis for Global Medical Aesthetic Devices Market
FIG NO. 29. PEST Analysis for Global Medical Aesthetic Devices Market
FIG NO. 30. Pricing Analysis for Global Medical Aesthetic Devices Market
FIG NO. 31. Value Chain Analysis for Global Medical Aesthetic Devices Market
FIG NO. 32. Company Share Analysis, 2019
FIG NO. 33. Radar Determinant Chart, 2019
FIG NO. 34. Company Strategic Developments – Heat Map Analysis
FIG NO. 35. Business Segment Revenue Share, 2020 (%)
FIG NO. 36. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 37. Market Channels
FIG NO. 38. Marketing Channel Development Trend
FIG NO. 39. Growth in World Gross Product, 2008-2018
FIG NO. 40. Research Methodology – Detailed View
FIG NO. 41. Research Methodology
List of Tables
TABLE NO. 1. Global Medical Aesthetic Devices Market : Snapshot
TABLE NO. 2. Quarterly Medical Aesthetic Devices Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Medical Aesthetic Devices Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Medical Aesthetic Devices Market for Facial & Skin Rejuvenation, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Medical Aesthetic Devices Market for Facial & Body Contouring, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Medical Aesthetic Devices Market for Breast Enhancement , by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Medical Aesthetic Devices Market for Scar Treatments, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Medical Aesthetic Devices Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Medical Aesthetic Devices Market for Aesthetic Skin Tightening & Body Contouring Devices, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Medical Aesthetic Devices Market for Laser & Energy Devices , by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Medical Aesthetic Devices Market for Aesthetic Implants, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Medical Aesthetic Devices Market for Facial Aesthetic devices, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15 Global Medical Aesthetic Devices Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America Medical Aesthetic Devices Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America Medical Aesthetic Devices Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 18. North America Medical Aesthetic Devices Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 19. U.S. Medical Aesthetic Devices Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 20. U.S. Medical Aesthetic Devices Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. Canada Medical Aesthetic Devices Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 22. Canada Medical Aesthetic Devices Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 23. Mexico Medical Aesthetic Devices Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 24. Mexico Medical Aesthetic Devices Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 25. Drivers for the Medical Aesthetic Devices Market : Impact Analysis
TABLE NO. 26. Restraints for the Medical Aesthetic Devices Market : Impact Analysis
TABLE NO. 27. Major Buyers
TABLE NO. 28. Distributors/Traders List
TABLE NO. 29. Global Medical Aesthetic Devices Market , Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 30: Global Medical Aesthetic Devices Market , Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
This report is based on in-depth qualitative and quantitative analyses of the global Medical Aesthetic Devices market. Zion Research has collected and analyzed key data belong to the global Medical Aesthetic Devices market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Medical Aesthetic Devices across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Medical Aesthetic Devices industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Medical Aesthetic Devices market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Medical aesthetics devices are an inclusive term for specialties that focus on improving cosmetic appearance through the treatment of conditions including scars, skin laxity, wrinkles, moles, liver spots, excess fat, cellulite, unwanted hair, skin discoloration, and spider veins. Laser and energy devices play an important role aesthetic treatment.
The medical aesthetic devices market is anticipated to witness substantial growth in coming years. The market is mainly driven by rapid growth in population between the age of 30 to 60 years and growing adoption of minimally invasive surgeries in dermatological applications. Thus, escalating demand for dermatological applications in Asia Pacific market is offering new growth prospects for the global medical aesthetic devices market. However, the high cost of treatment is expected to hamper the growth of medical aesthetic devices market. Nonetheless, advancement in technology is projected to open up new growth opportunities within the forecast period.
Based on products, medical aesthetic devices market has been segmented into aesthetic skin tightening & body contouring devices, laser & energy devices, aesthetic implants, and facial aesthetic devices. Laser & energy devices were the leading segment and it accounted for over 30% market share of total revenue generated in 2015. Laser & energy devices utilize the combination of energy types in order to provide the most efficient treatment. Thus, this segment is expected to witness strong growth in the next few years. Aesthetic skin tightening & body contouring devices are expected to witness noteworthy growth within the forecast period.
Medical aesthetic devices find widespread applications in various areas such as facial & skin rejuvenation, facial & body contouring, breast enhancement, scar treatment, reconstructive surgery, tattoo removal and hair removal. Facial & body contouring was leading application segment and accounted for a large chunk of market share in 2015. Many people have stubborn pockets of fat that seem impossible to lose even with diet and exercise. Body contouring is able to target these fat areas of patients achieve the desired shape. Scar treatment and tattoo removal are expected to exhibit significant growth in the years to come.
In terms of revenue, North America dominated the medical aesthetic devices market, accounting for 40% share of the total market in 2015. This growth is mainly attributed to the presence of a large base of key manufacturers in this region coupled with technological advancement in this region. Europe was the second largest regional market in 2015 owing to increasing popularity of skin rejuvenation, hair removal, skin tightening, and breast implant procedures. Asia Pacific estimated to be the fastest-growing regional segment during the forecast period, led by increasing disposable income coupled with largest population pool aged between 30 to 65 years is generating demand for aesthetic treatment in China, India, and other countries in Asia Pacific.
Some of the key players in the medical aesthetic devices market are Lumenis Ltd., Mentor Worldwide LLC, Merz, Inc., Alma Lasers, Allergan plc, Cutera, Inc., Galderma S.A., Cynosure, Inc., Syneron Medical Ltd., Solta Medical, Inc., and ZELTIQ Aesthetics, Inc.
The global Medical Aesthetic Devices Market was valued at USD 10.42 Billion in 2020.
The global Medical Aesthetic Devices Market is expected to reach USD 16.68 Billion by 2028, growing at a CAGR of 5.9 % between 2021 to 2028.
Certain factors that are driving the market growth include the increasing obese population, increasing awareness regarding aesthetic procedures, rising adoption of minimally invasive devices, and technological advancement in devices.
North America in 2020 ruled the Medical Aesthetic Devices Market and was believed to be the highest income-generating area all over the globe.
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., and ZELTIQ Aesthetics, Inc.
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