Aesthetic Devices Market Size, Share and Global Trend By Product (Aesthetic Laser & Energy Devices, Skin Tightening & Body Contouring Devices, Aesthetic Implants, Facial Aesthetic Devices), By Application (Facial & Body Contouring, Facial & Skin Rejuvenation, Tattoo Removal, Hair Removal, Breast Enhancement), By End User (Hospitals, Dermatology Clinics, Cosmetic Centers, Others), and Geography Forecast till 2022-2029

Medical aesthetics involves technologically advanced facial skin care enhancement through the use of various surgical and non-surgical procedures. It involves the fusion of medical and beauty services. Aesthetic devices are used to treat impairments associated with individual aesthetic appearances such as scar management, skin discoloration, wrinkles, hair loss, excessive fat, and hair transplant. According to a study conducted by the International Society of Aesthetic Plastic Surgery (ISAPS), in 2015, around 38,097,209 aesthetic/cosmetic procedures were performed globally.

Increase in demand for minimally invasive surgeries, increase in the prevalence of congenital tooth and face deformities, advancements in aesthetic device technologies, and increase in the number of cosmetic surgeries are some of the key factors driving the growth of the global aesthetic devices market.

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However, the high treatment cost, inadequate reimbursement policies, and the constant risk of malfunctions in the surgeries are some of the major factors restraining the growth of the global aesthetic devices market.

Key Players Covered

Some of the major companies operating in the global aesthetic devices market are Allergan, Inc., Alma Lasers, Nestlé Skin Health, Johnson & Johnson, Lumenis, Inc., Sciton, Inc., Solta MedicalSanuwave Health Inc., Syneron Candela, and others.

SEGMENTATION 

Among the segmentation of aesthetic devices, the facial & body contouring and skin rejuvenating segments hold a higher position owing to increased awareness about aesthetic devices among the population, and increased focus on healthy living. Also, scars, wrinkles, and hair removal treatments are likely to significantly contribute to the growth of global aesthetic devices market during the forecast period.

Key Insights

• Overview of technological advancements in aesthetic devices
• Competitive landscape among the key players of global aesthetic devices market
• Pricing analysis
• Key mergers and acquisitions

Regional Analysis

Geographically the global aesthetic devices market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. High prevalence of face and dental deformities, increasing population opting for various aesthetic procedures and increasing number of cosmetic surgeries having a large patient pool are some of the factors responsible for a comparatively higher share of North America in the global aesthetic devices market in 2017. According to the Breast Cancer Research Foundation, in 2015, an estimated 231,840 new cases of breast cancer were diagnosed in the U.S., thus generating high demand for the aesthetic procedures. Latin America is expected to grow at a significant CAGR, owing to an increase in demand for the medical aesthetic procedures and key market players focusing on the huge investment in cost-effective technologies in the region. According to the International Society of Aesthetic Plastic Surgeons, a total of 422,789 breast surgeries and 501,053 face and head procedures were performed in 2014 in Brazil, leading to the growth of the global aesthetic devices market.

Key Industry Developments

• In April 2019, Salient Medical, announced the launch of REVEAL SKIN ANALYSER that uses skin care photographic imaging tool and provides clinical measurement of facial skin conditions using digital images technologies.
• In April 2019, Lumenis, Inc. announced the launch of LEGEND PRO+, an innovative solution for face and body treatment including skin tightening, wrinkle reduction and cellulite reduction for those seeking healthier skin with minimal pain.
• In October 2018, Lumenis, Inc., announced the launch of new laser hair removal solution SPLENDOR X for fast and effective hair removal and skin solutions.
• In April 2018, SharpLight Technologies Ltd, announced the launch of two advanced product lines - the OMNIMAX series and RAPID series. The series include Dynamic Pulse ControlTM(DPC) technology for treatment against unwanted hair removal, rejuvenating skin, wrinkle treatment etc.