According to a recent FMI study, the global Aesthetic Medical Devices Market will grow at a 9.6% CAGR from 2023 to 2032. The market is expected to be valued at US$ 35000 Million by the end of the assessment period. The rise can be attributed primarily to the increased development of technologically advanced and user-friendly devices, as well as individuals’ growing desire for cosmetic treatments.
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Furthermore, the popularity of minimally invasive and non-invasive aesthetic procedures is growing globally as a result of loose facial skin, particularly around the eyes, jowls, and cheeks, as well as dry or roughened skin, among other significant changes that occur as a person ages.
Furthermore, the popularity of cosmetic procedures among those looking to improve their appearance and stand out from the crowd is driving up demand for aesthetic devices.
Key Takeaways from the Market Study
- According to FMI, the global aesthetic medical devices market will grow at a 9.6% CAGR by 2032.
- The global aesthetic medical devices market is expected to be worth $35,000 million.
- North America is expected to grow at a CAGR of 9.5% between 2023 and 2032.
- According to Future Market Insights, Asia Pacific is expected to grow at an 8.7% CAGR from 2023 to 2032.
- During the forecast period 2023-2032, the Europe Aesthetic Medical Devices Market is expected to grow at a CAGR of 9%.
- In the forecast period 2023-2032, hospitals and clinics are expected to hold the largest market share for aesthetic medical devices.
“The United States market is expected to lead the market in North America during the projection period. This is due to an excellent healthcare system, technological advances, and strong government financial support. Furthermore, the country’s market growth is being fueled by a growing senior population, peer pressure to appear younger, and an expanding obese or overweight population,” says an FMI analyst.
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Market Competition
Key players in the aesthetic medical devices market are Alma Lasers, Merz Pharma, Bausch Health Companies Inc., Lumenis Be Ltd., Venus Concept, Candela Corporation, Cutera Inc., Fotona and Asclepion Laser Technologies GmbH.
Recent Developments
- Cutera, INC. will launch the next generation of truSculpt flex, a quick treatment mode based on Cutera’s unique Multi-Directional Stimulation, in December 2021. It achieves the same toning, firming, and strengthening results in half the time.
- Alma Lasers will unveil the new Alma PrimeX platform in April 2021 at a worldwide LIVE launch event. Alma PrimeX, the category’s top performer, achieved unrivalled results in belly, waist, thighs, and buttocks circumference reduction and skin tightening.
- Candela has announced that the Frax Pro system will be available in January 2021. With the Frax 1550 and Frax 1940 applicators, the FDA-approved, non-ablative fractional device is the first to offer dual-depth skin resurfacing. The two modalities work on different levels of the skin, encouraging new collagen formation and resulting in smoother, brighter skin.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the global aesthetic medical devices market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2023-2032.
The study reveals essential insights on the basis of By Technology {Laser-Based, Electromagnetic Energy-Based, Ultrasound-Based, Cryolipolysis, Suction-Based, and Plasma Energy-Based), Application (Facial Skin Resurfacing, Photorejuvenation, Hair Removal, Fat Reduction and Body Contouring, Skin Tightening, Cellulite Reduction, Feminine Rejuvenation, Tattoos and Pigmentation, Acne and Acne Scars, Vascular Lesions, and Others), and End User (Dermatology and Cosmetic Clinics, Hospitals and Clinics, Medical Spas, and Home Use) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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Key Segments Profiled in the Aesthetic Medical Devices Market Industry Survey
Aesthetic Medical Devices Market by Technology:
- Laser-Based
- Alexandrite
- Diode
- ND: YAG
- CO2
- ER: YAG
- PDL
- Others
- Light-Based
- IPL
- LED
- Electromagnetic Energy-Based
- Infrared-Based
- Radiofrequency-Based
- Non-Laser
- Others
- Ultrasound-Based
- Cryolipolysis
- Suction-Based
- Plasma Energy-Based
Aesthetic Medical Devices Market by Application:
- Facial Skin Resurfacing
- Photorejuvenation
- Hair Removal
- Fat Reduction and Body Contouring
- Skin Tightening
- Cellulite Reduction
- Feminine Rejuvenation
- Tattoos and Pigmentation
- Acne and Acne Scars
- Vascular Lesions
- Others
Aesthetic Medical Devices Market by End User:
- Dermatology and Cosmetic Clinics
- Hospitals and Clinics
- Medical Spas
- Home Use
About the Healthcare Division at Future Market Insights
The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
