Medical Aesthetic Devices Market is forecast to reach a value of US$ 29,218.7 Mn by 2028 at a CAGR of 11.8% between 2023 and 2028 | Venus Concept Inc., El.En. (Asclepion Laser Technologies), Sciton Inc., Lumenis Inc

Medical aesthetic devices are those that enhance attractiveness. These tools are used for a variety of aesthetic purposes. Various cosmetic operations, including anti-aging, plastic surgery, excess fat removal, undesired hair removal, skin tightening, skin resurfacing, aesthetic implants, and other procedures for body improvement, correction, and attractiveness, use medical aesthetic devices. Based on their intended use and if they alter human structure or function, these devices are subject to regulation.

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Market Statistics

By the end of 2022, the market for medical aesthetic devices is anticipated to be worth US$ 14,922.6 Mn.

Drivers

The global market for medical aesthetic devices is anticipated to expand as demand for these products rises throughout the world.

For instance, individuals all around the world are gravitating toward the usage of minimally invasive devices as a result of increased public knowledge of the advantages of aesthetic operations. As a result, market participants are refocusing their efforts to best meet the expanding needs of consumers.

Opportunities

The global market for medical aesthetic devices is likely to see considerable development potential as the number of aesthetic operations rises. For instance, demand for or use of medical aesthetic devices is growing quickly in tandem with the rise in aesthetic operations performed globally. Avéli, a game-changing revolutionary cellulite treatment, was introduced in May 2022 by Revelle Aesthetics, Inc. The goal of Revelle is to create clever aesthetic solutions that give women substantive results and trustworthy results for practitioners. With a single treatment, the FDA-approved gadget Avéli temporarily minimises the appearance of cellulite on the thighs and buttocks.

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Restraints

The market for medical aesthetic devices is projected to be hampered by issues with social stigma and a weak reimbursement environment. For instance, despite the fact that more males are getting aesthetic operations over time, there is still a perception that aesthetic procedures are only for women. A obstacle to cosmetic/aesthetic operations is social stigma. Additionally, the majority of insurance providers do not cover such procedures. These elements are limiting the market’s expansion.

Impact

The market for medical aesthetic devices has been negatively impacted by the COVID-19 epidemic. Due to safety precautions like a national lockdown and travel bans, producers of cosmetic devices shut down their production and supply facilities. As a result, throughout the epidemic, practises for aesthetic and cosmetic surgery have drastically curtailed or shut down. However, there has been a worldwide rise in cosmetic procedures as prohibitions on elective medical treatment have steadily been loosened. As a result, the market is expanding due to an increase in demand for medical aesthetic devices.

Key Takeaways

The market for medical aesthetic devices was valued at US$ 13,350.0 Mn in 2021 and is anticipated to grow at a CAGR of 11.8% from 2022 to 2028 to reach US$ 29,218.7 Mn.

among various devices In 2021, the non-energy-based aesthetic device segment had a commanding position in the global market for medical aesthetic devices, accounting for 68.4% of the industry’s value.

Market Trends

Over time, the use of medical aesthetic devices has expanded due to the expanding elderly and obese populations worldwide. Obesity is frequently linked to a variety of chronic diseases, and the senior population is particularly susceptible to these conditions. As a result, mortality and comorbidity have significantly increased. Thus, there is a significant demand for medical aesthetic devices. Over the projection period, this tendency is also anticipated to persist, fueling the market’s expansion.

Competitive Landscape

Bausch Health Companies Inc. (Solta Medical Inc.), Venus Concept Inc., Abbive (Allergan Inc.), El.En. (Asclepion Laser Technologies), Sisram Med (Alma Lasers), Sciton Inc., Galderma Johnson & Johnson, Lumenis Inc., Syneron Candela, Cynosure, Inc., and Cutera Inc. are a few of the major companies competing in the global medical aesthetic devices market.

Recent Developments

The U.S. Food and Drug Administration (FDA) has approved JUVÉDERM VOLUMA XC for the augmentation of the chin to improve the chin profile in persons over the age of 21, according to a June 2020 announcement from Allergan Aesthetics, a division of AbbVie.

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The debut of ClearSkin PRO, an applicator with double the potency of prior treatments and a dramatically younger-looking skin, was announced by Sisram Medical Ltd. in February 2020.

Table of Contents:

1. Research Objectives and Assumptions
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Purview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snapshot, By Type of Device
     • Market Snapshot, By Application
     • Market Snapshot, By End User
     • Market Snapshot, By Geography
   • Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Increasing number of aesthetic procedures worldwide
     • Social stigma concerns and poor reimbursement scenario
     • Increase in demand for medical aesthetic devices
   • Impact Analysis
   • Key Highlights
   • Regulatory Scenario
   • Product launch/Approvals
   • PEST Analysis
   • PORTER’s Analysis
   • Merger and Acquisition Scenario
4. Global Medical Aesthetic Devices Market – Impact of Coronavirus (COVID-19) Pandemic
   • COVID-19 Epidemiology
   • Supply Side and Demand Side Analysis
   • Economic Impact
5. Global Medical Aesthetic Devices Market, By Type of Device, 2017-2028, (US$ Mn)
   • Introduction
     • Market Share Analysis, 2022 and 2028 (%)
     • Y-o-Y Growth Analysis, 2017 – 2028
     • Segment Trends
   • Energy-based Aesthetic Device
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Non-energy-based Aesthetic Device
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
6. Global Medical Aesthetic Devices Market, By Application, 2017-2028, (US$ Mn)
   • Introduction
     • Market Share Analysis, 2022 and 2028 (%)
     • Y-o-Y Growth Analysis, 2017 – 2028
     • Segment Trends
   • Skin Resurfacing and Tightening
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Body Contouring and Cellulite Reduction
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Hair Removal
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Facial Aesthetic Procedures
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Breast Augmentation
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Other Applications
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
7. Global Medical Aesthetic Devices Market, By End User, 2017-2028, (US$ Mn)
   • Introduction
     • Market Share Analysis, 2022 and 2028 (%)
     • Y-o-Y Growth Analysis, 2017 – 2028
     • Segment Trends
   • Hospitals
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Clinics
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Home Settings
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)

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