Aesthetic Devices Market Analysis by Application (Contouring, Rejuvenation, Tattoo Removal, Hair Removal, and Body Enhancement); by Product (Aesthetic Laser & Energy Devices, and Body Contouring & Skin Tightening Devices); and by End User (Cosmetic Centers, Hospitals, Dermatology Clinics, and Others)-Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
7 Dec 2022
Healthcare & Pharmaceuticals
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Aesthetic Devices Market Report Scope
Global Aesthetic Devices Market Highlights Over 2023 - 2033
The global aesthetic devices market is estimated to garner a significant revenue by the end of 2033 by growing at a CAGR of ~12% over the forecast period, i.e., 2023 – 2033. Further, the market generated a notable revenue in the year 2022. The market is primarily driven by rising skin problems among people. Problems including acnes, psoriasis, sunburn, dermatitis, and others require treatment and thus propelling the market growth. According to NIH, the rate of prevalence of acne vulgaris, deep scars and lesion is 50.9% in women of the age 20-29 years and 26.3% in the women of age 40-49 years.
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There is a surge in the cosmetic treatment of issues such as skin lifting, botox, tissue regeneration, and others. According to the American Society of Plastic Surgeons, 140,000 procedures of dermabrasion and 3 million procedures of tissue fillers were performed. Moreover, higher instances of hair loss chipped teeth, and tattoo removal is expected to propel the market growth.
Global Aesthetic Devices Market: Growth Drivers and Challenges
Higher Practices of Cosmetic Surgery
People’s dissatisfaction with their own skin, looks, or ageing effects is prompting them to go for cosmetic enhancement and practice aesthetic surgery. In 2020, nearly 14 million non-surgical cosmetic treatments and about 10 million surgical procedures were performed.
Higher Number of People with Distorted Tooth and Gum
The problems such as, distorted teeth or broken teeth has a certain effect on the aesthetic beauty of the face. The cases of teeth problems among the population is more than we can assume. As per the World Health Organization, 530 million of children have caries of primary teeth and 2 billion people are living with crumbling of permanent teeth.
Increased Demand of Minimally Invasive Surgery
Minimally invasive surgery has an advantage over other surgery, they are less intrusive, less painful, shows good result, and has quicker healing. This makes the procedure of minimal invasion popular among patients. In the United States, nearly 18 million aesthetic surgery were done in the year 2019, out of which around 16 million were minimally invasive procedures.
Technological Advancement of Aesthetic Devices
Developing technology is always the need of an hour and it provides various treatment option to patients and create opportunity for aesthetic devices as well. In April 2019, Lumenis launched Legend Pro+, it’s an RF thermal skin regeneration technology which boost formation of collagen and elastin fibers, it firms the skin by performing skin stimulation.
Rise in Problems of Hair Loss and Scalp-Related Issues
The problems of hair loss are rising owing to pollution, degraded water quality, lack of nutrition, and others. In 2020, every 13th person is having hair transplantation, worldwide and the volume of male patients is about 5 times higher than females.
High Cost of Aesthetic Treatment and Surgery
Inadequate Insurance and Reimbursement Policy
Higher Risk of Malfunctions of the Facial Features in the Surgery
Instead of fixing the problems, many times aesthetic surgery might lead to serious issues such as, distortion of facial features, overdose of hormones and in some cases it can even lead to death. Any sort of aesthetic treatment or surgery involves risk as well. This risk of malfunction is a huge limitation in the way of market growth
The aesthetic devices market is segmented and analyzed for demand and supply by application into contouring, rejuvenation, tattoo removal, hair removal and body enhancement. Out of all, the body enhancement segment is anticipated to hold the largest market size by the end of 2033. The people rising demands to look young, have uplifted body and achieve more desirable look is prompting more body enhancement by performing various plastic surgery, liposuction, breast implantation and others. In 2019, nearly 11 million plastic surgery were performed, followed by around 2 million breast enhancement, over 1 million of liposuction, and about 1 million eyelid surgery.
Global Aesthetic Devices Market Regional Synopsis
Regionally, the global aesthetic devices market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in North America is projected to hold the largest market share by the end of 2033. The presence of ample dermatology clinics in the region is to drive market growth in North America. There are around 3700 dermatologists active in the United States. The rising prevalence of aesthetic surgery is propelling the growth of the market in the region. In 2020, more than 15 million cosmetic procedures were performed in America.
Our in-depth analysis of the global aesthetic devices market includes the following segments:
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Key Companies Dominating the Global Aesthetic Devices Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global aesthetic devices market that are included in our report are Alma Lasers, Sciton Inc., Allergan, Inc., Nestle Skin Health, Johnson & Johnson, Lumenis BE Ltd., Solta Medical, Sanuwave Health Inc., Candela Corporation, Cynosure, Inc., and others.
Global Aesthetic Devices Market: Latest Developments
April, 2019: Lumenis, Inc. launched a new skin rejuvenation technology, Legend Pro+, the technology offers, less pain, and quicker recovery treatments. The results provided by Legend Pro+ are immediate and long-lasting.
March, 2019: Sanuwave Health, Inc. announces an distribution agreement with Kingdom Brother, to advance the development and distribution of wound care product, cosmetic treatment devices in the region of Southeast Asia.
Key Reasons to Buy Our Report
The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact market growth.
The report includes detailed company profiles of the major players dominating the market.
We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
FREQUENTLY ASKED QUESTIONS
Higher demand of aesthetic treatment & minimally invasive techniques, Rising cases of hair loss, tooth loss and growing technology are the few factors likely to propel the market growth
The market is anticipated to attain a CAGR of ~12% over the forecast period, i.e., 2023 – 2033.
Risk of malfunctioning during surgery, expensive treatment and poor imbursement policy are few factors likely to hamper the market growth.
Which region will provide more business opportunities for growth of aesthetic devices market in future?
The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
The major players in the market are Alma Lasers, Sciton Inc., Allergan, Inc., Nestle Skin Health, Johnson & Johnson, Lumenis BE Ltd., Solta Medical, Sanuwave Health Inc., Candela Corporation, Cynosure, Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by application, product, end user, and by region.
The body enhancement segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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- Alma Lasers
- Sciton Inc.
- Allergan Inc.
- Nestle Skin Health
- Johnson & Johnson
- Lumenis BE Ltd.
- Solta Medical
- Sanuwave Health Inc.
- Candela Corporation
- Cynosure Inc.