Aesthetic Medical Device Market

Aesthetic Medical Device Market Outlook from 2024 to 2034

The aesthetic medical device market is valued at USD 13.73 billion in 2024 and is projected to reach USD 18.82 billion by 2034, exhibiting a CAGR of 3.20% over the forecast period.

Key Market Drivers

The aesthetic medical device market generated a revenue of USD 11.77 billion in 2018. In the last five years, the market grew at a pace of 2.40% CAGR and added revenue of USD 1.96 billion. Several reasons can be attributed to this growth:

• Increasing demand for minimally invasive cosmetic procedures, such as laser skin resurfacing, dermal fillers, and non-surgical fat reduction, as individuals seek natural-looking enhancements with minimal downtime and risks.
• Advancements in technology, such as the development of advanced laser systems, radiofrequency devices, and ultrasound technologies, significantly improve the safety, efficacy, and precision of aesthetic treatments, driving market growth.
• Rising consumer awareness and acceptance of aesthetic enhancements, coupled with the widespread availability of information through the Internet and social media platforms
• Aging population demographics, with a growing number of individuals seeking solutions to address age-related concerns such as wrinkles, sagging skin, and volume loss
• Influence of social media platforms and celebrity culture, creating a desire for aesthetic appearances and beauty ideals
• Expansion of disposable income levels globally, particularly in emerging economies, enabling more individuals to afford aesthetic treatments
• Growing emphasis on personal grooming and self-care practices, with individuals increasingly prioritizing their physical appearance and investing in aesthetic treatments as a means of enhancing self-confidence, overall well-being, and professional success
• Expansion of the global beauty and wellness industry, with aesthetic clinics, medical spas, and beauty centers experiencing rapid growth worldwide
• Development of innovative and versatile aesthetic medical devices, including handheld devices for at-home treatments, portable systems for on-the-go procedures, and multi-functional platforms

Attributes	Key Statistics
Aesthetic Medical Device Market Value (2024)	USD 13.73 billion
Anticipated Market Value (2034)	USD 18.82 billion
Estimated Growth (2024 to 2034)	3.20% CAGR

Consumption Analysis of the Aesthetic Medical Device Market

• The global healthcare sector, especially dermatologists, plastic surgeons, cosmetic surgeons, aestheticians, and other healthcare practitioners, is increasingly adopting aesthetic medical devices to offer aesthetic treatments in clinics, medical spas, and hospitals.
• Sales of aesthetic medical devices are also growing among non-medical practitioners, such as cosmetologists, nurses, and beauty therapists who perform non-invasive aesthetic procedures in beauty salons, wellness centers, and aesthetic clinics.
• Aesthetic medical devices are also experiencing increasing demand from patients seeking cosmetic enhancements for various reasons such as anti-aging, scar reduction, skin rejuvenation, hair removal, body contouring, and treatment of dermatological conditions.
• Spa and salon owners are also one of the largest consumers in the market. This consumer group incorporates aesthetic devices into their service offerings to attract clientele interested in cosmetic treatments and enhance revenue streams.
• The growing adoption of aesthetic medical devices among beauty enthusiasts interested in maintaining or enhancing their appearance through at-home aesthetic treatments using handheld devices or consumer-grade skincare devices is also driving the market.

Factors Adversely Affecting the Aesthetic Medical Device Market

The aesthetic medical device market is anticipated to surpass a valuation of USD 18.82 billion by 2034. The market is expected to rise at a 3.20% CAGR through 2034. While the market is expected to experience remarkable growth, several factors could adversely affect its development:

• Costs associated with aesthetic procedures and devices are very high. This keeps a substantial amount of potential consumers, particularly in emerging economies and among individuals with lower disposable incomes, away from the market.
• There are also concerns about the after-effects of these treatments, such as rashes, allergies, and acne, among the general population. This also deters a considerable number of consumers from adopting these treatments.
• The trend of minimization and natural beauty standards is also contributing to the negative growth rate for the aesthetic medical devices market.

Category-wise Insights

Non-energy Based Devices Find their Place in the Global Dermatology Devices Market

Attributes	Details
Top Product	Non-energy based Devices
Market Share in 2024	89.99%

Depending on the product, the aesthetic medical device market is bifurcated into energy-based aesthetic devices, laser-assisted liposuction devices, laser resurfacing devices, non-energy-based aesthetic devices, etc. The non-energy-based devices segment is anticipated to hold a market value of 89.99%.

• Non-energy-based aesthetic devices, also known as non-invasive or minimally invasive aesthetic devices, are in great demand as these devices typically involve non-invasive or minimally invasive procedures. This reduces patient discomfort, downtime, and risk of complications compared to energy-based treatments.
• These devices also cater to a wide range of dermatological conditions, including skin rejuvenation, scar reduction, acne treatment, hair restoration, and wound healing, making them one of the most versatile tools in the dermatologist’s arsenal.

Body Contouring and Cellulite Reduction Using Aesthetic Medical Devices to Gain Popularity

Attributes	Details
Top Application	Body Contouring And Cellulite Reduction
Market Share in 2024	11.94%

The aesthetic medical device market is categorized by applications such as anti-aging, wrinkle reduction, facelift, lip augmentation, and body contouring and cellulite reduction. The body contouring and cellulite reduction sector dominates the market with a share of 11.94%.

• Individuals seeking body contouring treatments to achieve a more sculpted and toned physique are increasingly opting for aesthetic medical devices as they offer non-invasive or minimally invasive alternatives to surgical procedures like liposuction.
• Body contouring and cellulite reduction using minimally invasive cosmetic devices are also gaining popularity as they target the structural causes of cellulite, improving skin texture and reducing the appearance of dimpling and unevenness.

Country-wise Insights

The section provides an analysis of the aesthetic medical device market by country, including India, China, and the United Kingdom. The table presents the CAGR for each country, indicating the expected growth of the market in that country through 2034.

Countries	CAGR (2024 to 2034)
China	6.20%
India	4.50%
United Kingdom	2.00%

Aesthetic Medical Device Market in China

China leads the global aesthetic medical device market. Over the next ten years, the Chinese demand for aesthetic medical devices is projected to rise at a 6.20% CAGR.

Over the years, China is become one of the largest hubs for medical tourism. Each year, millions of individuals flock to the country to take advantage of its advanced medical facilities. This has pushed healthcare facilities in China to adopt and acquire sophisticated facial aesthetic devices to cater to the demands of these tourists. Besides this, the government in China has always promoted the cosmetic industry, which has further encouraged companies to enter the market space.

Aesthetic Medical Device Market in India

The Indian aesthetic medical device market is anticipated to retain its dominance by progressing at an annual growth rate of 4.50% through 2034.

The Indian healthcare sector, in the last few decades, has been going through a watershed moment. Various government schemes and initiatives have brought a substantial amount of Indians into the healthcare sector. This has considerably increased the number of potential consumers in the country. Apart from this, government schemes and subsidies are also pushing companies to offer sophisticated facial rejuvenating treatments to consumers, which is eventually augmenting the market growth.

Aesthetic Medical Device Market in the United Kingdom

The United Kingdom aesthetic medical device market is anticipated to register a CAGR of 2.00% until 2034.

The United Kingdom is blessed with a multitude of reasons that make it one of the leading countries in this market. First and foremost, are the ongoing beauty trends due to social media and the effect of social media influencers on the general public.

Women and men take inspiration from these beauty influencers, which is generating an excellent demand for aesthetic medical devices in the country. Also, the rising disposable income of the middle-class population is contributing significantly to the growth of the aesthetic medical device market in the United Kingdom.

Competitive Landscape

The global market for aesthetic medical devices consists of companies that have a strong foothold due to their prolonged presence in the industry. Some of the prominent companies in the aesthetic medical device industry are Alma Lasers, Merz Pharma, Bausch Health Companies Inc., Lumenis Be Ltd., Venus Concept, etc.

These companies are investing millions of dollars to make their offerings inexpensive so that the general population, especially in emerging economies, can afford them. Besides this, they are also collaborating with social media influencers, with millions of virtual followers, to market their products effectively.

Recent Developments

• In December 2023, Sofwave Medical obtained FDA clearance for its skin laxity improvement device, extending its approvals for facial enhancements, tissue lifts, and cellulite reduction. The technology utilized pulsed energy to stimulate collagen production, yielding smoother skin in non-invasive treatments lasting 30–45 minutes.
• ExoCoBio, a leader in exosome technology, completed the acquisition of BENEV, a global medical aesthetic brand, in July 2023. The synergy will enhance the commercialization of exosome technology worldwide, supporting all existing business activities, including medical device and PDO thread ventures.
• In May 2023, Establishment Labs secured CE mark approval for its minimally invasive surgical tools, including the Motiva inflatable balloon, channel dissector, and injector, under the European Medical Device Regulation. This marked a significant advancement in aesthetic surgery innovation, led by CEO Juan José Chacón-Quirós.
• In August 2023, JIYA Facial Cosmetic Surgery announced the introduction of Acclaro Medical's UltraClear® Anti-Aging Treatment. The breakthrough system safely and effectively treated numerous skin conditions, with high patient satisfaction, offering noticeable results in just one session.
• In March 2023, French medical and aesthetic device company LPG Group secured an exclusive supply agreement with Korean wellness company LPHYSIO, marking a significant milestone for both entities. This partnership aimed to bolster LPG Group's presence in Korea's burgeoning professional beauty and wellness market.

Key Companies in the Market

• Allergan plc
• Alma Lasers
• Bausch Health Companies Inc.
• Cynosure, LLC
• Cutera, Inc.
• Galderma S.A.
• Lumenis Ltd.
• Merz Pharma GmbH & Co. KGaA
• Sientra, Inc.
• Solta Medical, Inc. (a subsidiary of Bausch Health)
• Syneron Medical Ltd.
• LPG Systems
• Venus Concept Ltd.
• Sciton, Inc.
• ZELTIQ Aesthetics, Inc. (a subsidiary of Allergan plc)
• Fotona d.o.o.
• Hologic, Inc.
• InMode Ltd.
• Syneron Candela
• Zimmer MedizinSysteme GmbH

Key Coverage in the Aesthetic Medical Device Industry Report

• Aesthetic Medical Device Companies
• Industrial Analysis of the Korean Aesthetic Medical Devices Market
• Effectiveness of Laser-Assisted Liposuction (LAL) Devices
• Aesthetic Medical Devices for Breast Augmentation
• Laser Resurfacing Devices and Their Uses in Dermatology
• Wrinkle Reduction using Intense Pulsed Light (IPL) Equipment

Aesthetic Medical Device Market by Segmentation

By Product:

• Energy-Based Aesthetic Device
  • Laser-Assisted Liposuction (LAL) Devices
  • Laser Resurfacing Devices
  • Radio Frequency-Assisted Liposuction (RFAL) Devices
  • Power Assisted Liposuction (PAL) Devices
  • Ultrasound-Assisted Liposuction (UAL) Devices
  • Intense Pulsed Light (IPL) Equipment
  • Cellulite Reduction Devices
• Non-Energy Based Aesthetic Device
  • Facial Aesthetics Products
    • Dermal Fillers
    • Botulinum Toxin Injections
    • Microderma abrasions/Chemical Peels
    • PRP (Platelet-Rich-Plasma)
    • Microneedling
  • Implants
    • Breast Implants
    • Buttock Implants
    • Facial Implants
    • Others Implants

By Application:

• Skin Resurfacing and Tightening
• Anti-Aging
• Wrinkle Reduction
• Face Lift
• Lip Augmentation
• Acne & Scar Treatment
• Hair Removal
• Body Contouring and Cellulite Reduction
• Tattoo Removal
• Breast Augmentation
• Abdominoplasty
• Lower Body Lift
• Upper Body Lift
• Liposuction
• Dermabrasion
• Dentistry
• Others

By Body Parts:

• Face
• Eyes
• Nose
• Lip
• Ears
• Body and Extremities
  • Arms and Elbow
  • Buttocks
  • Feet
  • Thigh
  • Breast

• Neck
• Scalp

By End User:

• Hospitals
• Ambulatory Surgical Clinics
• Free Standing Aesthetic Centers
• Dermatology and Cosmetology Clinics
• Dental Clinics
• Medical Spas and Wellness Centers

By Region:

• North America
• Latin America
• Asia Pacific
• Middle East and Africa (MEA)
• Europe

Frequently Asked Questions

How Big is the Aesthetic Medical Device Market in 2024?

The global aesthetic medical device market is expected to be worth USD 13.73 billion in 2024.

What is the Sales Forecast for the Aesthetic Medical Devices through 2034?

The market for aesthetic medical devices is expected to reach USD 18.82 billion by 2034.

At What Rate is the Aesthetic Medical Device Market Growing across the World?

The aesthetic medical device market is growing at a CAGR of 3.20% from 2024 to 2034.

Which are the Key Manufacturing Companies in the Market?

Alma Lasers, Merz Pharma, Bausch Health Companies Inc., Lumenis Be Ltd., Venus Concept, etc., and 3M Company, etc. are some of the major players in the market for aesthetic medical devices.

What was the Overall Value of the Aesthetic Medical Device Market in 2023?

The valuation for the aesthetic medical device market was USD 13.24 billion in 2023.