About Medical Aesthetic Devices
Over the past few decades, Breast Augmentation continued to be the world’s most popular cosmetic procedure at 1,677,320 procedures, followed by Liposuction at 1,573,680 procedures and Eyelid Surgery at 1,346,886 procedures. Medical aesthetic devices refer to all medical devices that are used for various cosmetic procedures, which include plastic surgery, unwanted hair removal, excess fat removal, anti-ageing, aesthetic implants, skin fixing, and so forth, that are utilized for beautification, adjustment, and improvement of the body. Aesthetic procedures include both surgical and non-surgical procedures According to statistics provided by the International Society of Aesthetic Plastic Surgery (ISAPA), showed that the total number of Aesthetic procedures grew by 9% from 2015 to 2016. Furthermore, the demand for the medical aesthetic devices is booming owing to the Women continue to drive the demand for cosmetic procedures, accounting for 86.4%, or 20,207,190 cosmetic procedures worldwide
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.2% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Aesthetic Devices market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ZELTIQ Aesthetics, Inc (United States), Johnson & Johnson (United States), Allergan plc (Ireland), Cynosure, Inc. (United States), Solta Medical (United States), Merz, Inc. (Germany), Lumenis Ltd. (Israel), Alma Lasers (United States), Syneron Medical and Cutera, Inc (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Galderma S.A. (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Medical Aesthetic Devices market by Type (Energy-based Aesthetic Device(Radiofrequency (RF)-based Aesthetic Device, Light-based Aesthetic Device, Ultrasound Aesthetic Device) and Non-energy-based Aesthetic Device (Botulinum Toxin, Dermal Fillers and Aesthetic Threads, Microdermabrasion)), Application (Beautification, Correction, Breast implants and Improvement of the body) and Region.
On the basis of geography, the market of Medical Aesthetic Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Hospitals will boost the Medical Aesthetic Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Usablity, the sub-segment i.e. Aesthetic Laser and Energy Devices will boost the Medical Aesthetic Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising disposable income in the country will support the adoption of aesthetics procedure
Market Growth Drivers:
Rising adoption of aesthetic procedures among geriatric individuals and The demand for aesthetic surgery has increased significantly in recent years.
Challenges:
High cost associated with the aesthetic surgeries
Restraints:
High-risk devices, such as dermal fills, breast implants, and laser equipment, are regulated as medical devices (MDs)
Opportunities:
The increasing number of medical technologies is being applied to the development of home-use aesthetic products
Market Leaders and their expansionary development strategies
In March 2024, Allergan Aesthetics, an AbbVie (NYSE: ABBV) Company, announces Moving the Needle on Ethics- its collaboration with medical aesthetics experts from around the globe aiming to elevate discussions on ethics in aesthetics. The collection of interviews highlights the need for industry-wide transparency and integrity to meet the expected increase in global demand for aesthetics treatments.
In June 2022,Cynosure launched the PicoSure Pro device, its latest upgrade to the PicoSure platform. PicoSure Pro is one of the first 755nm picosecond lasers cleared by the USFDA.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Medical Aesthetic Devices Manufacturer, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.