Medical Aesthetic Devices Market Report, Device Type, Application (Facial & Body Contouring, Facial & Skin Rejuvenation, Breast Enhancement, Scar Treatment, Reconstructive Surgery, Tattoo Removal And Hair Removal) and Geography - Global Market Share, Trend Analysis & Forecast

In recent years, the medical aesthetics industry has grown at an astonishing rate. Today, it is a billion dollar industry consisting of advanced products and technologies used by skilled medical professionals or aesthetic specialists for improving physical appearance of patients. Over the last few years, rapid growth in aesthetic services has offered market players the opportunity to launch new products. Various aesthetic techniques are available in the market, which are effectively utilized for liposuction, hair removal, acne treatment, and others. Growing expenditure on cosmetic surgeries is the major driver for market growth. Additionally, factors such as increasing prevalence of skin diseases like acne and actinic keratosis and high demand for aesthetics procedures like, hair removal in the growing obese and geriatric population boosts the market growth.

Medical Aesthetic Devices Market Outlook

• The global medical aesthetic industry has witness high growth in recent years owing to growing aging population coupled with high demand for cosmetic procedures worldwide
• Furthermore, increasing per capita income in developing countries such as, China, India and Brazil, is expected to further boost the market growth

Medical Aesthetic Devices Market COVID-19 Impact

• The global pandemic of Coronavirus (COVID-19) has triggered stock market unpredictability, tight border controls, and worldwide lockdown, leading the aesthetic industry, as well as large companies and governments, to restock supply chains
• The whole world is experiencing severe impact on social and financial sectors, and all global industries are facing challenges during the COVID-19 pandemic

Medical Aesthetic Devices Market Segmental Highlights

• The global medical aesthetic devices industry is analysed based on device type, application and geography
• Various device type of the market are segmented into energy-based aesthetic device (laser-based aesthetic device, radiofrequency (RF) based aesthetic device, light-based aesthetic device and ultrasound aesthetic device) and non-energy-based aesthetic device
• Non-energy-based aesthetic device is sub segmented into injectable (botulinum toxin, hyaluronic acid, particle & polymer fillers (PPF) and collagen), aesthetic threads, chemical peels, microdermabrasion, implants (facial implants, breast implants and other implants) and other aesthetic devices
• They find applications for facial & body contouring, facial & skin rejuvenation, breast enhancement, scar treatment, reconstructive surgery, tattoo removal and hair removal

Medical Aesthetic Devices Market Regional Trends

The global medical aesthetic devices market is studied across various key countries of regions such as North America, Europe, Asia Pacific and Rest of the World. North America was a lucrative region for the medical aesthetic devices market in 2019. The factor driving the North American market growth during the forecast period is the high demand for aesthetic products in the US and Canada. The large share of this geographical segment is attributed to factors such as increasing investments by companies to promote aesthetics as well as develop new medical aesthetics products.  The growing spending power owing to rising individual income is further pushing the market growth in the region. 

Medical Aesthetic Devices Market Key Players

The key competitors of this market include Aerolase Corp., Allergan, Plc, Alma Laser, Anika Therapeutics, Inc., BTL Aesthetics, Cutera, Inc., Cynosure Inc. (Hologic Inc.), DEKA Laser, El.En Group, Fotona, Galderma S.A. (A Nestle Company), GC Aesthetics, HansBiomed Co., Ltd, Hironic Co., Ltd., INMODE, Lumenis Ltd., Lutronic, Mentor Worldwide LLC (Johnson & Johnson Services, Inc.), Merz Pharma GmbH & Co. KGaA, Polytech Health & Aesthetics GmbH, Quanta System SpA, Sciton, Inc., SharpLight Technologies Inc, Sientra, Inc, Solta Medical, STRATA Skin Sciences, Suneva Medical, Inc., Syneron, ThermiGen, LLC, VenusConcept, Viora, and Viveve Medical among others. In January 2020, Alma launched Clearskin PRO which is an applicator featuring twice power. It delivers up to 3000mJ non- ablative laser energy per pulse which doubles the power of existing treatment to provide efficient skin rejuvenating treatment. This product launch helps the company to enhance its product range and deliver effective aesthetic solutions.