Aesthetic Medical Devices Market Overview and Key Trends Driving Growth
The global Aesthetic Medical Devices Market is witnessing rapid growth, projected to reach USD 49.72 billion by 2030 from USD 21.39 billion in 2023, growing at a CAGR of 12.8% during the forecast period. This surge is fueled by increasing demand for both surgical and non-surgical treatments aimed at improving physical appearance, reversing aging effects, and addressing congenital deformities.
In the modern world, where appearance plays a vital role in lifestyle and social acceptance, aesthetic medical devices have become an integral part of personal care. These devices are used for a range of procedures, including fat removal, skin tightening, wrinkle reduction, and hair restoration, among others. With advances in technology, the procedures are less invasive, cost-effective, and provide immediate results, attracting consumers worldwide, particularly the younger demographic.
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Growing Demand for PRP and Non-Surgical Fat Reduction
Platelet-Rich Plasma (PRP) treatments have become one of the most sought-after procedures for facial rejuvenation, acne scarring, and hair loss. Since PRP therapy is an all-natural, allergy-free process, it has seen a significant rise in popularity. Additionally, non-surgical fat reduction techniques, such as body contouring, are now preferred due to their minimal recovery time and effectiveness in treating stubborn fat areas, making them a preferred choice for many consumers.
Key Mergers and Acquisitions Highlighting Market Activity
Aesthetic medical devices companies are actively pursuing mergers and acquisitions to strengthen their market position and expand their product portfolios.
Allergan Aesthetics, a division of AbbVie, acquired Soliton, Inc. in December 2021 to expand its body sculpting therapy offerings.
Galderma, a global leader in skin health, made a large-scale investment into its aesthetic portfolio in 2020, enhancing both its U.S. salesforce and digital platforms.
In 2022, Revelle Aesthetics introduced the innovative AvéliTM device for cellulite treatment, further contributing to the industry’s growth.
NanoPass Technologies entered a partnership with Aesthetic Management Partners (AMP) in 2022, aiming to commercialize its MicronJet 600 device for intradermal delivery in the U.S. market.
Regional Growth and Key Developments in Major Markets
North America has long dominated the aesthetic medical devices market. In 2022, the U.S. accounted for the largest market share, supported by a high demand for cosmetic treatments and an increasing number of FDA-approved devices. The adoption of minimally invasive procedures has further fueled this growth. Notably, Alma Lasers received FDA approval for Alma Hybrid for skin resurfacing, enhancing its competitive edge in the U.S.
In Europe, countries like Germany, France, and the UK are also experiencing significant growth due to technological advancements and increasing consumer awareness about aesthetic treatments. Merz Pharma and Lumenis Ltd. are actively expanding their product offerings in this region to meet growing demand.
Meanwhile, Asia-Pacific markets, particularly Japan, South Korea, and Singapore, are witnessing a rapid rise in the adoption of aesthetic medical devices, driven by rising disposable incomes and a strong emphasis on beauty. Korean companies are innovating in minimally invasive procedures, making the region an attractive destination for aesthetic treatments.
Vietnam, Thailand, and Indonesia are emerging as key players in the Asian aesthetic devices market. With rising awareness and increasing disposable income, these markets present tremendous growth potential for both local and international manufacturers.
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Aesthetic Medical Devices Market Segmentation
by Product
1. Facial Aesthetic Devices
1. Botulinum toxin
2. Derma Fillers
3. Microdermabrasion products
4. Chemical peels
2. Cosmetic Implants
1. Breast implants
2. Gluteal implants
3. Facial implants
3.Skin Aesthetic Devices
1. Nonsurgical skin tightening devices
2. Laser skin resurfacing devices
3. Microneedling products
4. Light therapy devices
4. Body Contouring Devices
1. Nonsurgical fat reduction devices
2. Cellulite reduction devices
3. Liposuction devices
5. Physician-Dispensed Cosmeceuticals & Skin Lighteners
6. Hair Removal Devices
1. LASER hair removal devices
2. IPL hair removal devices
7. Tattoo Removal Devices
8. Thread Lift Products
9. Physician-Dispensed Eyelash Products
10. Nail Treatment laser Devices
According to the product, in 2023, the Facial Aesthetic Devices category accounted for 33.4% of the global market for aesthetic medical devices, which was the greatest revenue share. For top market players, the category offers significant growth potential and is anticipated to expand at a CAGR of 11.8% over the course of the projection year. Every year, more and more minimally invasive facial aesthetic operations are carried out globally. Over 8.5 million nonsurgical injectable treatments were carried out worldwide in 2017, an increase of nearly 850 000 from 2015. Therefore, during the forecast period, the increase in facial cosmetic operations and treatments is anticipated to boost market growth.
by Technology
1. Radiofrequency technology
2. Microcurrent Technology
3. Ultrasound Technology
4. Laser Technology
5. Plasma Therapy
by End User
1. Clinics, Hospitals, And Medical Spas
2. Beauty Centers
3. Home Care Settings
4. Others
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Aesthetic Medical Devices Market Key Players
1. Mentor Worldwide LLC (Johnson & Johnson) (U.S.)
2. Syneron Medical Ltd. (Candela Corporation) (U.S.)
3. Sciton, Inc. (U.S.)
4. Fotona (U.S.)
5. Solta Medical (Valeant Pharmaceuticals) (U.S.)
6. BTL INDUSTRIES, Inc. (U.S.)
7. Genesis Biosystems, Inc. (U.S.)
8. Implantech (U.S.)
9. Galderma (Switzerland)
10. Cutera Inc. (U.S.)
11. Venus Concept (Canada)
12. Lutronic (U.S.)
13. Sientra Inc. (California)
14. Aesthetic Management Partners (U.S.)
15. Cartessa Aesthetic (U.S.)
16. Apyx Medical (U.S.)
17. Zimmer Biomet (U.S.)
18. Implantech (U.S.)
19. GALDERMA Laboratories (U.S.)
20. Candela Corporation (U.S.)
21. Cynosure (U.S.)
22. Viora (New York)
23. Alma Lasers (Fosun Pharmaceutical Co., Ltd.) (Chicago)
24. Hologic, Inc. (U.S.)
25. Novartis AG (Switzerland)
26. Allergan plc (AbbVie Inc.) (Ireland)
27. Merz Pharma (Germany)
28. El.En. (Italy)
29. Lumenis Ltd. (Israel)
30. Bausch Health Companies Inc. (Germany)
31. InMode (Israel)
32. Anika Therapeutics, Inc.
33. Ulthera (India)
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Key questions answered in the Aesthetic Medical Devices Market are:
- What is Aesthetic Medical Devices?
- Who are the leading companies and what are their portfolios in Aesthetic Medical Devices Market?
- What segments are covered in the Aesthetic Medical Devices Market?
- Who are the key players in the Aesthetic Medical Devices market?
- Which application holds the highest potential in the Aesthetic Medical Devices market?
- What are the key challenges and opportunities in the Aesthetic Medical Devices market?
- What growth strategies are the players considering to increase their presence in Aesthetic Medical Devices?
- What is the growth rate of the Aesthetic Medical Devices Market?
- Which are the factors expected to drive the Aesthetic Medical Devices market growth?
- What are the upcoming industry applications and trends for the Aesthetic Medical Devices Market?
- What will be the CAGR at which the Aesthetic Medical Devices market will grow?
- What are the different segments of the Aesthetic Medical Devices Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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