Report Overview

The global aesthetic devices market was pegged at US$ 10.2 billion in 2021 and is expected to witness a CAGR of 9.10% during the forecast period. 

Market Fundamentals 

Aesthetic devices are medical equipment, implant, and instruments used for human cosmetic correction and reconstructive purposes. Aesthetic procedures can be non-invasive or invasive depending on the condition. They need medical device assistance to perform clinical procedures such as laser therapy, radiation therapy, and surgical procedures. Tattoo removal, hair removal, changing physique and facial appearance, and cosmetic correction procedures have been the most common applications for aesthetic devices. Acne treatment, hair removal, pigmented lesions, vascular lesions, and laser ablation of tissue are treated with aesthetic laser devices. Invasive and non- invesive surgical procedures such as dermal fillers injection, rhinoplasty procedure, and lip enhancement are used to change physical appearance and ensure antiaging effect.

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Market Dynamics

The global aesthetic devices market is mainly driven by increasing demand for non-invasive aesthetic procedures, rising awareness about treatment availability, and the growing influence of social media. Additionally, increasing obsession with a youthful appearance, technological advancement in aesthetical devices, the introduction of novel products, and increasing investment in research and development contribute to the global aesthetic devices market growth. Moreover, the increasing number of dermatologists, growing skin care centers, and ambulatory centers fuel the global aesthetic devices market. However, limited or no reimbursement policies, complicated surgical processes, and high cost of aesthetic devices and procedures are restraining the growth of the global aesthetic devices market. 

 Market Ecosystem

The global aesthetic devices market has been analyzed from five perspectives: product, application, end user, and region. 

Aesthetic Devices Market by Product

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Based on products, the global aesthetic devices market has been segmented into aesthetic implants, facial aesthetic devices, aesthetic laser & energy devices, and skin tightening & body contouring devices. Aesthetic laser & energy devices are leading the global aesthetic devices market owing to increasing demand for aesthetic procedures such as hair removal, skin rejuvenation, tattoo removal procedure, and treatment of pigmented lesions. Additionally, the increasing prevalence of vascular lesions, birthmarks, hyperpigmentation, sunspots, etc. contribute to the growing demand for laser & energy aesthetic devices. Moreover, technological advancement, the introduction of novel products, and increasing dermatology clinics and medi-spas fuel the growth of the global aesthetic laser & energy devices market.

Aesthetic Devices Market by Application

Based on applications, the global aesthetic devices market is segmented into tattoo removal, hair removal, breast enhancement, facial & body contouring, and facial & skin rejuvenation. Facial & body rejuvenation are leading the global aesthetic devices market owing to increasing demand for wrinkle and acne treatment, growing geriatric population, and increasing awareness about the available treatments. Additionally, increasing obsession with a youthful appearance and high disposable income contribute to the growing demand for facial & body rejuvenation procedures. The hair removal segment is also expected to show exponential growth in the upcoming years owing to increasing demand for hair removal procedures, increasing affordability of laser treatment, and growing social medial influence.

Aesthetic Devices Market by End User

Based on end-users, the global aesthetic devices market has been segmented into hospitals, dermatology clinics, cosmetic centers, and ambulatory centers. Dermatology clinics segment is leading the global aesthetic devices market owing to high patient footfall for diagnosis and treatment and a rising number of dermatologists. Additionally, increasing dermatological clinics in developing markets and the convenient availability of novel technologies further facilitate this segment's growth.

 Aesthetic Devices Market by Region

Geographically, the global aesthetic devices market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the global aesthetic devices market in terms of revenue share. The large share of North America in the global market can be attributed to high disposable income, technological advancements, the ready adoption of novel products, and developed infrastructure. Additionally, the increasing number of dermatologists in the region, the rapidly growing geriatric population, and high social media influence contribute to the North American aesthetic devices market growth. According to the International Society of Aesthetic Plastic Surgery, in 2020, nearly 10,129,528 surgical and 14,400,347 non-surgical aesthetic procedures were performed globally. Breast augmentation, liposuction, rhinoplasty, eyelid surgery, and abdominoplasty were the top performed surgical procedures. The highest number of surgical procedures were performed in the United States at 4,667,931. The Asia Pacific is also expected to show exceptional growth during the forecast period owing to high population growth and increasing disposable incomes, growing penetration of social media influence, and increasing uptake of affordable aesthetic procedures, coupled with rapid growth in awareness.

Competitive Landscape

Some of the prominent players operating in the global aesthetic devices market are 

• AbbVie Inc. 
• Aerolase Corp. 
• AirXpanders, Inc.
• Bausch Health Companies Inc. 
• BTL Aesthetics
• Candela Corporation 
• Cutera
• Hologic Inc.
• GC Aesthetics
• Johnson & Johnson Services, Inc. 
• Lumenis Be Ltd. 
• LUTRONIC INC. 
• Quanta System
• Shanghai Fosun Pharmaceutical（Group）Co., Ltd. 
• SharpLight Technologies Inc.
• Suneva Medical 
• Venus Concept
• Sientra, Inc. 

Strategic Developments

1. In July 2019, Ra Medical Systems introduced Pharos, an optimized dermatology excimer laser system. Pharos is the next generation of excimer lasers that can treat psoriasis, vitiligo, and atopic dermatitis. It is more optimized and enhances the device's performance.
2. In January 2021, Casio launched DERMOCAMERA(TM), allowing dermatologists to capture close-up and high-definition pictures of the affected area, which will help better understand skin diseases.
3. In September 2021, Laseroptek launched the novel aesthetic medical laser device HELIOS-IV-785, which has high safety, efficacy, and sensitivity toward the skin for indications including tattoo removal, benign pigmented lesion, skin brightening, and toning.

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