About Aesthetic Device
The growing desire to look good among the people will help to boost global Aesthetic Device market in the forecasted period. aesthetic devices comprise of several types of equipment used by the medical procedure to improve the physical appearance of the people. The concern of people about their appearance is gradually on the increase, both in the developed and the developing countries. Thus, there is an increase in the number of cosmetic surgeries performed annually.
|High Growth Market||Asia Pacific|
|Unit||Value (USD Million)|
Aesthetic Device market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Aesthetic Device 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.
El.En. S.p.A. (Italy), Fotona d.o.o. (Slovenia), Nestlé S.A. (Switzerland), Johnson & Johnson (United States), Merz Pharma GmbH & Co. KGaA (Germany), Medytox, Inc. (South Korea), Sientra, Inc. (United States), Sinclair Pharma PLC (United Kingdom), Syneron Medical, Ltd. (United States) and Valeant Pharmaceuticals International, 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 Allergan, plc (Ireland), Alma Lasers, Ltd. (Israel), Anika Therapeutics (United States), Cutera, Inc. (United States) and Cynosure (United States).
AMA Research has segmented the market of Global Aesthetic Device market by Type (Energy-based Aesthetic Device [Laser-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, Chemical Peels, Microdermabrasion, Implants]), Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Hair Removal, Tattoo Removal, Breast Augmentation and Other Applications) and Region.
On the basis of geography, the market of Aesthetic Device 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). North America region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Hospital will boost the Aesthetic Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Increasing Awareness Regarding Aesthetic Procedures, Rising Adoption of Minimally Invasive Devices and High Adoption of Technologically Advanced and User-Friendly Products
Market Growth Drivers:
Increasing Obese Population growing
Social Stigma Concerns
Poor Reimbursement Scenario and Growing Availability and Adoption of Alternative Beauty and Cosmetic Products
Growing Adoption of Home-Use Aesthetic Devices, Technological Advancement in Devices and Development of Low-Cost Medical Aesthetic Devices
Market Leaders and their expansionary development strategies
In June 2022, Cynosure launched the next-generation aesthetic laser devicePicoSure Pro device, its latest upgrade to the PicoSure platform. and Pico Sure Pro, the first and only FDA-cleared 755nm picosecond laser on the market, delivers energy in one trillionth of a second, utilizing pressure instead of heat to provide safe and effective treatments for unwanted pigmentation and skin revitalization for all skin types.
In June 2021, Aesthetic technology manufacturer Cutera announced the new Secret radiofrequency microneedling device, Secret PRO into its portfolio. The company explains that the Secret PRO will offer practitioners a ‘multi-layered’ approach to skin rejuvenation, using the CO2 skin resurfacing application ‘Ultra Light’ to target the epidermis, whilst simultaneously utilizing the Secret RF microneedling technology to reach the subdermal layers of the skin.
Key Target AudienceAesthetic Device Manufactures, Aesthetic Device Suppliers, Aesthetic Device Distributors, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
About ApproachTo 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.