Segments - Global Aesthetic Devices Market by Type (Energy-based Devices and Non-energy-based Devices), Application (Skin Resurfacing & Tightening, Facial Aesthetic Products, Body Contouring & Cellulite Reducing Devices, Cosmetic Implants, Skin Aesthetic Devices, Hair Removal Devices, and Others), Raw Material (Polymers, Biomaterials, and Metals), End-user (Dermatology Clinics, Hospitals, Academic & Private Research Institutes, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global aesthetic devices market size was USD 15.1 Bn in 2022 and is likely to reach USD 34.5 Bn by 2031, expanding at a CAGR of 10.7% during 2023–2031. The growth of the market is attributed to the technological advancements in the field of aesthetics and the growing skincare awareness.
Demand for medical aesthetic devices is booming, owing to the vast advancements in science and technology, coupled with an increasing focus on appearances by the global population. The aesthetic procedures that seemed highly complicated, a few years ago, are now being commonly practiced. There has been a rise in awareness for skincare and overall health ever since the COVID-19 pandemic. Moreover, the younger generations are paying more attention to skincare treatments and routines, further propelling the market.
Aesthetic devices are cosmetic and medical equipment used in different kinds of procedures to enhance the appearance of the individual’s body. These devices are typically used in cosmetic clinics and hospitals by trained medical professionals such as plastic surgeons and dermatologists.
Aestheticians/skincare professionals are increasingly using advanced technologies and devices to perform non-invasive or minimally invasive treatments for specific aesthetic treatments. Some of the common examples of aesthetic devices include radiofrequency (RF) devices, intense pulse light (IPL) devices, ultrasound devices, microdermabrasion devices, micro-needling devices, and cryolipolysis devices, among others.
The market report finds that the COVID-19 pandemic negatively impacted the aesthetic devices market globally owing to the lockdowns and economic turmoil. The pandemic put a financial strain on incomes, compelling people to curb their spending on expensive cosmetic treatments. However, since the normalization of the pandemic with the wide vaccination, the market has shown significant growth, as demand for devices is recovering from healthcare and other establishments.
Rising awareness for skincare products and procedures is expected to boost the market during the forecast period. The increased awareness has led to a growing demand for non-invasive and minimally invasive treatments. This has fueled the demand for aesthetic devices that offer effective and convenient solutions. Furthermore, the advancement in technology and the introduction of innovative devices have also contributed to market expansion, as they offer improved outcomes for various types of skin conditions.
Increase in the geriatric population is projected to propel the global aesthetic devices market. There are various skin-related issues associated with aging, such as sagging, age spots, and wrinkles, which lead to a higher demand for aesthetic treatments. Furthermore, the growing emphasis on healthy aging and the desire to maintain a youthful appearance among the elderly population is significantly contributing to the overall market growth.
High cost of aesthetic devices and procedures is anticipated to restrain the aesthetic devices market. The cost of acquiring advanced aesthetic devices is substantial, making it difficult to afford for small aesthetic clinics and practitioners. Furthermore, the expense required for the operation and maintenance of these devices add up to the overall cost, which is reflected in the charges levied on patients. This deters several patients from undergoing aesthetic procedures, limiting the market’s growth potential.
Technological advancements in aesthetic devices have the potential opportunity for the growth of the global aesthetic devices market. The laser-based and radio-frequency treatments offer precise and effective results, leading to increased patient satisfaction.
The advancements have enabled healthcare professionals to perform minimally invasive or even non-invasive procedures, reducing patient downtime and discomfort. This attracts more patients as they seek the latest and most advanced treatments.
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Global Aesthetic Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Type (Energy-based Devices and Non-energy-based Devices), Application (Skin Resurfacing & Tightening, Facial Aesthetic Products, Body Contouring & Cellulite Reducing Devices, Cosmetic Implants, Skin Aesthetic Devices, Hair Removal Devices, and Others), Raw Material (Polymers, Biomaterials, and Metals), End-user (Dermatology Clinics, Hospitals, Academic & Private Research Institutes, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
Key Players Covered in the Report |
AbbVie Inc.; Alma Lasers; Apyx Medical; ASCLEPION; CANDELA CORPORATION; Cutera; Implantech; Lumenis Be Ltd.; Merz Pharma; and Zimmer Biomet |
Based on type, the global aesthetic devices market is divided into energy-based devices and non-energy-based devices. The energy-based devices segment is expected to expand at a substantial growth rate during the projection period due to its ability to deliver targeted and precise treatments.
Various forms of devices such as light-based aesthetic devices, radiofrequency (RF) based aesthetic devices, laser-based aesthetic devices, and ultrasound-based devices are used to tighten and repair the skin by producing collagen. The RF devices can generate radio frequencies that can heat the deeper layers of the skin, stimulating collagen production and tightening the skin.
These devices are used in various skin treatments such as wrinkle reduction, skin tightening, and body contouring. The intense pulse light devices emit focused beams of light energy that are used for various cosmetic purposes such as tattoo removal, hair removal, skin rejuvenation, and treating pigmentation issues. The energy-based devices’ versatile application in cosmetic procedures such as hair removal and wrinkle & scar reduction is creating substantial demand among people.
The non-energy-based devices segment is anticipated to expand at a significant pace in the market owing to their non-invasive nature and minimal downtime. These devices include dermal fillers and aesthetic threads, botulinum toxin, microdermabrasion, and implants, among others. Moreover, they provide immediate results and are popular for their ability to address specific concerns such as muscle relaxation and skin resurfacing.
On the basis of application, the global market is segregated into facial aesthetic products, skin resurfacing & tightening, body contouring & cellulite reducing devices, cosmetic implants, skin aesthetic devices, hair removal devices, and others. The skin resurfacing and tightening segment is projected to register a major revenue growth during the forecast period as it offers the ability to address various skin concerns such as scars, pigmentations, and wrinkles.
The remodeling and tightening of saggy skin are carried out with the application of technologies such as infrared, ultrasound, and micro-needling, among others. The versatility of these applications makes them highly sought after by patients as well as doctors.
The cosmetic implants segment is expected to grow significantly as they have revolutionized the field of aesthetic enhancements. These implants such as facial implants, buttock implants, and breast implants, among others, provide a dependable and lasting solution for individuals seeking to enhance their physical appearance or correct congenital as well as acquired defects. The natural-looking results and patient satisfaction lead to the growth of this segment.
Based on the raw material, the global market is segmented into polymers, biomaterials, and metals. The polymers segment is anticipated to register a robust growth rate during the forecast period due to their versatile properties such as flexibility and durability.
Polymers are widely used in the manufacturing of aesthetic devices such as implants, sutures, and dermal millers. Their ability to mimic natural tissues and provide long-lasting results leads to their extensive use in the field of aesthetics.
Based on end-user, the market for global aesthetic devices is divided into dermatology clinics, hospitals, academic & private research institutes, and others. The hospitals segment is expected to generate a major revenue share in the market during the projection period owing to their comprehensive range of medical services, including cosmetic and other aesthetic procedures.
The hospitals in developed countries such as the United States, have the latest and state-of-the-art equipment that facilitate attracting patients across the globe who are seeking advanced treatments. Furthermore, the hospitals also have teams of doctors from various disciplines that allow for more comprehensive care and a wide range of treatment options.
The dermatology clinics segment is projected to register a considerable CAGR during the forecast period as they specialize in medical as well as aesthetical skin care procedures. They provide personalized care and customized treatment with the help of medical aesthetic devices, attracting patients seeking medical expertise.
In terms of region, the global aesthetic devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the projection period due to technological advancements in the field of medical science and increasing skincare awareness.
Additionally, healthcare establishments in the region are focusing on availing a wide range of treatments to address various skin-related issues. The growing aged population coupled with an increasing shift towards individuals opting for skin care for looking younger than their actual age and vibrant is likely to drive the market of North America.
The Asia Pacific is anticipated to witness significant growth in the demand for aesthetic devices due to several factors. The factors such as high population, urbanization, rise in disposable income, and increase in healthcare and skincare awareness, among others, are expected to create growth opportunities for the market in the region.
The global aesthetic devices market has been segmented on the basis of
Key players competing in the global aesthetic devices market are AbbVie Inc.; Alma Lasers; Apyx Medical; ASCLEPION; CANDELA CORPORATION; Cutera; Implantech; Lumenis Be Ltd.; Merz Pharma; and Zimmer Biomet.
The companies adopt numerous development strategies including product launches, mergers, acquisitions, collaboration, partnerships, and production expansion to get an edge over the competitors. The ability to create maximum customer outreach and invest in research & innovation is of vital importance in order to succeed. For instance,