Aesthetic Devices Market: Current Analysis and Forecast (2021-2027)

The Aesthetic Devices Market is expected to witness a CAGR of around 11% during the forecast period. Aesthetic devices are being increasingly used for skin and hair treatments, which include different procedures such as facial & body contouring, facial & skin rejuvenation, hair removal, breast enhancement, scar treatment, reconstructive surgery, and pigmented lesions removal. One of the key factors behind the popularity of these devices is their non-invasive nature. Moreover, technological advancements and the rising popularity of non-invasive or minimally invasive aesthetic procedures are propelling the aesthetic devices market. For instance, in 2020, according to the International Society of Aesthetic Plastic Surgery (ISAPS) global survey, there were 10,129,528 surgical procedures and 14,400,347 nonsurgical procedures performed worldwide.

Based on product, the aesthetic devices market is segmented into aesthetic laser & energy devices, skin tightening & body contouring devices, aesthetic implants, and facial aesthetic devices. In 2020, the facial aesthetic devices category is anticipated to witness a considerable growth rate during the forecast period. This is mainly due to the increasing cases of non-surgical circumferential reduction, cellulite reduction, skin tightening, and wrinkle reduction. For instance, in 2020, according to the International Society of Aesthetic Plastic Surgery (ISAPS) global survey, there were 517,675 Photo Rejuvenation procedures performed worldwide.

Based on application, the aesthetic devices market is segmented into facial & body contouring, facial & skin rejuvenation, hair removal, breast enhancement, scar treatment, reconstructive surgery, and others. In 2020, the facial & body contouring category is anticipated to witness a significant growth rate during the forecast period. Body and face contouring treatments are used to redefine the texture of the skin, skin tighten, sculpt, and reduce the appearance of unwanted facial volume and fat. The growth of this category is due to the increasing presence of skilled surgeons and the increasing awareness of efficient treatment through facial & body contouring. In addition, major players are continuously focusing on developing new and advanced products in the market. For instance, in June 2020, E.S.I. The novel., a part of Essence Group, launched JOLI360, a new skin rejuvenation solution that can measure three skin parameters: hydration, elasticity, and sebum.

Based on end-user, the aesthetic devices market is categorized into hospitals, dermatology clinics, cosmetic centers, and others. The dermatology clinics category is anticipated to witness a significant growth rate during the forecast period. A large number of aesthetic procedures, particularly breast procedures, blepharoplasty, and other minimally invasive procedures, are performed in these facilities.

For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific) and Rest of World. In 2020, North America accounted for a significant market share. This is mainly due to the higher per capita income and the availability of advanced healthcare infrastructure coupled with increasing awareness about various aesthetic procedures in the region. For instance, as per the 2020 Plastic Surgery Statistics Report by the American Society of Plastic Surgeons, there were 193,073 breast augmentation procedures performed in the U.S.

Some of the major companies operating in the aesthetic devices market include AbbVie Inc., Bausch Health Companies Inc., Henry Schein Inc., Merz Pharma GmbH & Co. KGaA, Candela Laser Corporation, Aerolase Corporation, Aesthetic Technology Limited, Aesthetics Biomedical, Biotec Italia Srl, and Cutera Inc.