Aesthetic Devices Market Research Report Information By Product (Facial Aesthetic Products, Body Contouring Devices, Cosmetic Implants, Skin Aesthetic Devices, Hair Removal Devices and Others), By Raw Materials (Polymers, Biomaterials and Metals), By End User (Hospital Dermatology Clinics, Clinics, Academic and Private Research Institutes and Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

Aesthetic Devices Market Overview

Aesthetic Devices Market Size was valued at USD 13.8 Billion in 2022. The Aesthetic Devices market industry is projected to grow from USD 14.76 Billion in 2023 to USD 25.37 Billion by the year 2032, exhibiting a compound yearly growth rate (CAGR) of 7.00% during the forecast period (2023 - 2032). Increased geriatric population and technological advancements in aesthetic devices are the key market drivers enhancing growth of the market.

Aesthetic Devices Market Trends

• Growing geriatric population and technological advancements is driving the market growth

Market CAGR for aesthetic devices is being driven by the rising geriatric population and technological advancements. The aging population plays aan important role in increasing the demand for anti-aging, energy-based aesthetic devices. Old age is related to the loss of fibrous tissue and minimized vascular and glandular networks in the skin layers, which combined lead to wrinkles, pigmentary alteration, dryness, and skin sagging. The application of knowledge aesthetics that delay the physical and mental deterioration related to senescence to the absolute end of life has been reported to attract interest in aesthetic devices among the geriatric population.

The surging facial aging in the skin or within underlying fat and connective tissue, lipodystrophy of the neck, dermal elastosis of the skin, and laxity of the facial ligaments all lead to the stigmata of aging face care and concern to the appearances that have a forward way towards the use of minimally invasive processes. The increasing demand for non-invasive energy-based treatments for wrinkle reduction, skin tightening, face contouring, and skin rejuvenation are the reasons responsible for surging utilization among the geriatric population. Anti-aging devices help minimize the visual effects of the skin aging by revitalizing and tightening the skin, giving it a younger look. These are being increasingly used by the elderly. Thus, the surging rate of the geriatric population is foreseen to boost the surge of Aesthetic Devices Market growth.

The contribution of technological advancements in healthcare and clinical services is being taken out and made more accessible. Advanced innovative technologies have enhanced aesthetic treatment for skin and other body parts wherever necessary. Increasing interest has been shown to be laser and light-based. CO2 and erbium YAG laser systems have known to be of great advantage over conventional techniques for skin rejuvenation therapies through resurfacing techniques and other ablative energy-based devices. 

Ablative therapies are more conventional when compared to non-ablative and fractional technologies, which are related to less recovery time and more complication rates. Moreover, new treatments have also appeared for lipolysis, acne vulgaris, and cellulite, inclusive of innovative devices that offers combinations of ablative and fractional technologies, showing significant results. New light, lasers, and other energy device treatment procedures offered with patient safety and treatment efficacy are allowed for the treatment planning and precise assessment of targeted ablating zones. Thus, it signifies that technological advancement in aesthetic devices is expected to drive the growth of the Aesthetic Devices Market. Thus driving the Aesthetic Devices market revenue.

Aesthetic Devices Market Segment Insights

Aesthetic Devices Product Insights

The Aesthetic Devices Market segmentation, based on product, includes Facial Aesthetic Products, Body Contouring Devices, Skin Aesthetic Devices, Cosmetic Implants, Hair Removal Devices, and Others. The facial aesthetic products segment dominated the market, accounting for the largest market revenue due to increased demand and comprehensive applications. Facial aesthetics, including treatments like dermal Botox, fillers, and laser therapy, are favored by a wide demographic looking for non-invasive solutions for skin rejuvenation and anti-aging. The convenience and relatively low downtime associated with facial aesthetic treatments further contribute to this segment's dominance in the market. Additionally, the face is often considered the most prominent and visible part of the body, driving people to invest in improving its appearance.

Aesthetic Devices Raw Materials Insights

The Aesthetic Devices Market segmentation, based on raw materials, includes Polymers, Biomaterials, and Metals. The polymers category dominates the market due to the versatility and compatibility of polymer materials in aesthetic procedures. Polymers are utilized in several applications, like dermal implants, fillers, and sutures, offering durable and biocompatible solutions. Their non-invasive and minimally invasive nature increases their popularity, attracting patients looking for safer and more accessible aesthetic treatments. Moreover, ongoing research and development efforts in polymer technology continually increase the range of available devices, boosting the growth of this segment in the aesthetic devices market. Further, metal is foreseen to grow at the fastest rate due to its prominence in providing a balance of longevity, adaptability, and visual appeal.

Figure 1: Aesthetic Devices Market, by Raw Material, 2022 & 2032 (USD Billion)

Source: The Primary Research, Secondary Research, MRFR Database and Analyst Review

Aesthetic Devices End User Insights

The Aesthetic Devices Market segmentation, based on end users, includes Hospital Dermatology Clinics, Clinics, Academic and Private Research Institutes, and Others. The hospital dermatology clinics category dominates the market because of their role as trusted medical institutions. Patients often opt for hospitals for aesthetic procedures as they provide skilled healthcare professionals, a sense of security, and access to a comprehensive range of treatments. Additionally, hospitals have advanced infrastructure and the ability to handle complex cases, making them the go-to choice for different aesthetic procedures, including surgical and non-surgical treatments. This strong healthcare association and broad service provide hospitals with a prime position as a prime player in the aesthetic devices market, engraving confidence in patients looking for aesthetic enhancements.

Aesthetic Devices Regional Insights

By region, the study gives market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Aesthetic Devices market area dominates this market due to high demand from consumers for cosmetic procedures and the availability of a well-established healthcare infrastructure. Further, the adoption of advanced technology, a culture that places a premium on aesthetic enhancements, and favorable reimbursement policies have led to market growth in this region.

Further, the prime countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil.

Figure 2: AESTHETIC DEVICES MARKET SHARE BY REGION 2022 (USD Billion)

Source: The Primary Research, Secondary Research, MRFR Database and Analyst Review

Europe's Aesthetic Devices market accounts for the second-largest market revenue share due to the rising focus on beauty and aesthetics, a growing aging population, and advancements in technology. Further, the German Aesthetic Devices market held the largest market share, and the UK Aesthetic Devices market was the growing market for the European region.

The Asia-Pacific Aesthetic Devices Market is foreseen to grow at the fastest CAGR from the year 2023 to 2032. This is due to the expanding middle-class population with disposable income and a growing awareness of advanced cosmetic procedures. Moreover, China’s Aesthetic Devices market held the largest market share, and the Indian Aesthetic Devices market was the fastest-growing market in the Asia-Pacific region.

Aesthetic Devices Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Aesthetic Devices market grow even more. Market players are also undertaking different strategic activities to spread their global footprint, with important market developments inclusive of new product launches, contractual agreements, higher investments, mergers and acquisitions, and collaboration with other organizations. To expand and survive in the more competitive and rising market climate, the Aesthetic Devices industry must provide the cost-effective items.

Manufacturing locally to minimize operational costs is one of the prime business tactics used by the manufacturers in the global Aesthetic Devices industry to benefit the clients and grow the market sector. In recent years, the Aesthetic Devices industry has provided some of the most significant advantages to medicine. Major players in the Aesthetic Devices market include Allergan, Mentor Worldwide LLC, Shanghai Fosun Pharmaceutical (Group)Co., Ltd, Bausch Health Companies Inc, Candela Medical, Cutera, Cynosure, LUTRONIC INC, BTL, Medytox, and others are trying to raise the market demand by investing in research and development operations.

Johnson & Johnson (J&J) is a multinational healthcare conglomerate popular for its extensive contributions to medical devices, the pharmaceutical, and consumer health sectors. J&J has evolved into one of the largest and most diversified healthcare companies worldwide. The company operates via three key business segments: Pharmaceuticals, Medical Devices, and Consumer Health. In the pharmaceutical sector, J&J is recognized for its innovations in areas like immunology, oncology, and infectious diseases, with blockbuster drugs like Remicade and Imbruvica. In October 2023, J&J came into a strategic partnership with InMode, an Israeli company specializing in minimally invasive body contouring devices, aiming to leverage J&J's global reach and marketing expertise with InMode's innovative technologies like MORPHEUS8 and Fractora, potentially expanding access to these treatments.

Candela is a prominent global leader in the medical aesthetic devices industry, specializing in the development and manufacturing of advanced laser technologies and energy-based devices. Candela has been the leader in providing innovative solutions for different dermatological and aesthetic concerns. The diverse portfolio of the company includes laser systems for tattoo removal, skin rejuvenation, hair removal, vascular and pigmented lesion treatments, and other advanced aesthetic procedures. In September 2023, laser giant Candela partnered with Ellansé, a leading manufacturer of polycaprolactone (PCL) biostimulatory fillers. This alliance compiles Candela's laser technology for skin rejuvenation with Ellansé's long-lasting fillers, providing practitioners a comprehensive solution for facial aesthetics.

Key Companies in the Aesthetic Devices Market Include

• Allergan


• Mentor Worldwide LLC


• Shanghai Fosun Pharmaceutical (Group)Co., Ltd


• Bausch Health Companies Inc


• Candela Medical


• Cutera


• Cynosure


• LUTRONIC INC


• BTL


• Medytox

Aesthetic Devices Industry Developments

August 2023: Allergan and Galderma collaborated in order to co-develop and commercialize a new botulinum toxin product for aesthetic and therapeutic uses. This partnership compiles Allergan's expertise in Botox with Galderma's experience in Restylane fillers, potentially resulting to an innovative new toxin treatment.

December 2023: Omni Partners acquired Aesthetic Technology Ltd. (ATL), a UK-based manufacturer of LED phototherapy devices for skincare treatments. This acquisition focuses on further developing ATL's technology and spreading its international presence.

October 2023: Naxicap Partners, a French private equity firm, acquired Synchrone Group, a leading French provider of aesthetic devices and medical equipment. This acquisition positions Naxicap as a key player in the French aesthetics market.

Aesthetic Devices Market Segmentation

Aesthetic Devices Product Outlook

• Facial Aesthetic Products


• Body Contouring Devices


• Cosmetic Implants


• Skin Aesthetic Devices


• Hair Removal Devices


• Others

Aesthetic Devices Raw Materials Outlook

• Polymers


• Biomaterials


• Metals

Aesthetic Devices End User Outlook

• Hospital Dermatology Clinics


• Clinics


• Academic and Private Research Institutes


• Others

Aesthetic Devices Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America