Medical Aesthetic Devices Market Increased Research Activities Boost Demand Opportunities 2030

Technological advancements along with increase in awareness about aesthetic appearance fuel the growth of the medical aesthetics market .

Medical aesthetics are used to treat and improve a person’s aesthetic look by addressing issues such skin laxity, excess fat, cellulite, scars, moles, wrinkles, undesired hair, liver spots, spider veins, and skin discoloration, among others. Dermatology, dental & maxillofacial surgery, reconstructive surgery, and plastic surgery are all traditionally included. Aesthetic medicine includes both surgical and non-surgical techniques, and a combination of both can be utilized to improve a person’s physical appearance. Aesthetic devices are utilized to correct deformities caused by accidents, trauma, and other congenital illnesses (particularly implants).

The global medical aesthetic devices market was estimated at $13.52 billion in 2020 and is expected to hit $38.91 billion by 2030, registering a CAGR of 10.7% from 2021 to 2030.

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Increase in demand for minimally invasive & noninvasive reconstruction surgeries, technological advancements, surge in incidence of congenital face & tooth deformities, and increase in awareness about aesthetic appearance are expected to drive the medical aesthetic industry. However, high costs of treatment, low reimbursements, and risk of malfunctions are expected to impede the medical aesthetic market growth.

Covid-19 Scenario-

  • The global economic recession, decline in product demand, and temporary closure of most of the beauty centers affected the medical aesthetic devices market, especially during the initial phase of the pandemic.
  • However, the market is anticipated to recoup really soon.

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North America held the major share in 2020-

By region, North America dominated in 2020, garnering nearly two-fifths of the global medical aesthetic devices market, owing to increased adoption of medial aesthetics, enhanced technological advancements, and development of novel products by the key players in the province. The market across Asia-Pacific, simultaneously, is expected to cite the fastest CAGR of 11.7% throughout the forecast period. Improvement in R&D facilities, increase in medical tourism, and rise in awareness about medical aesthetics drive the market growth in the region.

Key players in the industry-

  • Johnson & Johnson
  • LUMENIS LTD
  • MERZ PHARMA GMBH & CO. KGAA
  • Hologic, Inc.
  • Zimmer Biomet Holdings, Inc.
  • Allergan plc
  • Sientra Inc
  • Dentsply Sirona Inc.
  • SYNERON MEDICAL LTD
  • VALEANT PHARMACEUTICAL INTERNATIONAL, INC

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