Medical Aesthetic Devices Market, By Device Type (Energy-based Aesthetic Device and Non-energy-based Aesthetic Device), By Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Facial Aesthetic Procedures, Breast Augmentation, and Others), By End User (Hospitals, Beauty Centers, Skin Clinics, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Apr 2024

Code : CMI5336

Pages :165

Formats :

Excel and PDF

Industry : Medical Devices

Medical Aesthetic Devices Market Size and Trends

The global medical aesthetic devices market is estimated to be valued at USD 18.34 Bn in 2024 and is expected to reach USD 40.99 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.

Medical Aesthetic Devices Market Key Factors

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The global medical aesthetic devices market is witnessing positive trends with growing incidences of diabetes worldwide. The popularity of non-invasive aesthetic treatments over surgical procedures is expected to remain a key trend in the market over the forecast period. Non-invasive aesthetic procedures allow for quicker recovery times and less discomfort compared to surgical options. This has made them an attractive choice for individuals with less time availability or seeking subtle enhancements. The availability of various non-invasive treatments is thus expected to continue supporting market expansion. The rising focus on aesthetics and physical beauty among individuals across all age groups. There has been a marked shift in people's perception about beauty and appearance. Device manufacturers need to comply with stringent approval procedures and quality standards set by these regulators. Additionally, social stigma around medical aesthetics in certain cultures restrict the overall addressable market size.

Market Driver – Increasing Number of Aesthetic Procedures

Increasing number of aesthetic procedures and rising adoption of minimally invasive procedures across the globe are expected to augment the growth of the global medical aesthetic devices market growth over the forecast period. For instance, people are inclined towards the use of minimally invasive procedures due to the increasing awareness regarding aesthetic procedures. According to the American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS), in 2021, more than 1.4 million surgical and non-surgical procedures were performed in the U.S., a 40% increase compared to the procedures performed in 2020.

Medical Aesthetic Devices Market Concentration By Players

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Rising Awareness about Aesthetic Procedures

Greater availability of information through online health forums and social media platforms has raised awareness about various non-invasive and minimally invasive aesthetic treatment options. Previously, certain cosmetic treatments carried social stigma due to underlying assumptions. However, attitudes are changing with expert advice easily accessible to people. They understand medical aesthetic procedures to be safe and effective when performed by certified professionals. Media coverage of star treatments and after-procedure celebrity selfies normalize the concept of aesthetic treatments. People are comfortable discussing procedures they have undergone with peers without stigma or judgment. Additionally, financing and installment options offered by device manufacturers have made procedures more affordable. This has allowed middle-income groups to avail treatments to enhance appearance without major financial constraints.