Market Overview:
The Aesthetic Devices Market size is estimated to reach $46 Billion by 2030, growing at a CAGR of 10.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “ Aesthetic Devices Market - By Type of Device (Energy-based Aesthetic Devices, Non-Energy based Aesthetic Devices and Others), By Target Area (Face, Extremities, Breasts, Scalp, Abdomen and Others), By Application (Body Contouring and Cellulite Reduction, Skin Resurfacing and Tightening, Hair Removal, Facial Aesthetic Procedures, Breast Augmentation, Liposuction, Photorejuvenation, Fat Reduction, Tattoos and Pigmentation Removal, Acne and Acne Scars Removal), By End User (Hospitals & Clinics, Dermatology & Cosmetic Clinics, Home Settings, Spas & Medical Spas and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”.
The main driver of aesthetic devices market is Rising adoption of minimally invasive devices. The prevalence of skin aging issues such as sagging, age spots and wrinkles is contributing to a higher demand for aesthetic procedures. Additionally, technological advancement in aesthetic devices is driving the aesthetic devices market globally.
North America Dominated the Market in 2023:
North America accounted for the largest share of 38% of the Aesthetic Device Market in 2023. A strong culture of body positivity and self-improvement has led to early adoption of aesthetic procedures, both surgical and non-surgical in this region. For instance, the survey of over 2,000 U.S. adults, commissioned by NerdWallet and conducted online April, 2024, by The Harris Poll, finds that three-quarters of Americans (75%) have made beauty-related purchases for themselves, spending that includes products, services and procedures. Nearly a third of Americans (31%) consider at least some of the beauty products and services they buy as essential in their budget and Three-quarters of Americans (75%) have made beauty-related purchases for themselves, the survey found, including products, treatments and procedures. Additionally, technological advancements in the aesthetic devices are propelling the growth of aesthetic devices market in this region.
Aesthetic Devices Market: Key Takeaways
Rising Adoption of Minimally Invasive Procedures
The market for aesthetic devices is expanding globally because of the growing popularity of less invasive procedures. Because the scars are less apparent, these procedures frequently produce more aesthetically pleasing results. Minimally invasive procedures are faster to recover from than conventional surgeries. These operations are now safer, more efficient, and less painful because of advancements in laser technology, radiofrequency devices, and ultrasound-based technologies. This has increased patient satisfaction and prompted follow-up visits, propelling the global market's expansion.
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Technological Advancements in Aesthetic Devices
Technological advancements in aesthetic devices are fueling the growth of aesthetic devices market globally. Advanced technologies such as laser treatments, 3D printing, virtual reality (VR), and digital imaging are reshaping the nature of aesthetic procedures. These innovative technologies empower aesthetic surgeons to deliver more natural and personalized results, elevating the overall patient experience. For instance, before surgery, virtual reality allows surgeons to show patients the intended changes in more detail. In the same way, 3D printers are employed to create customized implants and prosthetic devices. This improves the results and gives aesthetic surgery a more customized method. Such technological advancements are fueling the growth of aesthetic devices market globally.
Scope of the Report:
Recent Developments:
- In September 2024, Allergan Aesthetics, a subsidiary of AbbVie, announced that BOTOX Cosmetic (onabotulinumtoxinA) is now approved and available in China for treating masseter muscle prominence (MMP). This condition, involving the lower facial muscles used for chewing, can create a wider, square-shaped jawline.
- In June 2024, Galderma Korea announced launch of "Restylane Eyelight," a new addition to its premium hyaluronic acid filler brand Restylane Korea. Restylane Eyelight utilizes Galderma's proprietary NASHA technology, allowing for precise treatment in delicate facial areas with enhanced strength and minimal deformation. This product also minimizes swelling and requires no downtime, enabling patients to resume their daily activities immediately after treatment.
- In March 2024, Rohrer Aesthetics introduced the Pix:E an FDA-approved device that integrates RF microneedling with Erbium skin resurfacing technology. This user-friendly platform enables aesthetic professionals to achieve enhanced skin-smoothing, tightening, and radiance for their patients.
Aesthetic Devices Market: Competitive Landscape
Key companies profiled in the Aesthetic Devices Market are Cynosure, Bausch Health Companies, Johnson & Johnson, AbbVie, Cutera, Galderma, Stryker Corp, Rohrer Aesthetics, Boston Scientific Corporation, Hologic Inc and Others.
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