Medical Aesthetics Devices Market Size, Share, Industry Trends and Forecast to 2030

Market Size & CAGR of Medical Aesthetics Devices Market in 2021

The global medical aesthetics devices market is expected to experience a Compound Annual Growth Rate (CAGR) of 8.5% from 2021 to 2026. This growth is driven by factors such as increasing demand for minimally invasive procedures, rising disposable income, and technological advancements in the field.

COVID-19 Impact on the Medical Aesthetics Devices Market

The COVID-19 pandemic had a significant impact on the medical aesthetics devices market. Due to lockdowns and restrictions, many aesthetic clinics and practices were temporarily closed, leading to a decline in the demand for aesthetic procedures. However, with the easing of restrictions and the introduction of safety protocols, the market has started to recover.

Medical Aesthetics Devices Dynamics

The medical aesthetics devices market is dynamic and constantly evolving. Technological advancements, changing consumer preferences, and increasing awareness about aesthetics procedures are key driving factors for the market. The market is also influenced by factors such as regulatory changes, economic conditions, and competition among key players.

Segments and Related Analysis

Types of Medical Aesthetics Devices

1. Aesthetic Laser and Energy Devices - Sub-segments: Laser Resurfacing Devices, Body Contouring Devices, Hair Removal Devices

2. Aesthetic Implants - Sub-segments: Breast Implants, Facial Implants, Buttock Implants

3. Facial Aesthetic Devices - Sub-segments: Botulinum Toxin, Dermal Fillers, Microdermabrasion Devices

4. Skin Aesthetic Devices - Sub-segments: Light Therapy Devices, Oxygen Therapy Devices, Liposuction Devices

By Region Analysis

North America

North America accounted for the largest market share in the medical aesthetics devices market in 2021. The region has a well-established healthcare infrastructure, high adoption of advanced technologies, and a growing emphasis on appearance enhancement.

Europe

Europe is a significant market for medical aesthetics devices, driven by the presence of key market players, increasing awareness about aesthetic procedures, and rising disposable income among the population.

Asia Pacific

The Asia Pacific region is witnessing rapid growth in the medical aesthetics devices market due to the increasing demand for aesthetic treatments, growing medical tourism industry, and rising expenditure on beauty and wellness.

Key Market Players and Competitive Landscape

The key players in the medical aesthetics devices market include Allergan, Inc., Cynosure, Inc., Lumenis, Ltd., Solta Medical, Inc., and Syneron Medical, Ltd. These companies are actively involved in product development, strategic collaborations, and mergers and acquisitions to strengthen their market presence.

Recent Happenings in the Medical Aesthetics Devices Market

1. In June 2021, Allergan, Inc. launched a new range of advanced laser devices for aesthetic procedures.

2. In August 2021, Lumenis, Ltd. introduced a novel body contouring device with enhanced precision and safety features.

3. In October 2021, Syneron Medical, Ltd. partnered with a leading skincare clinic chain to expand its distribution network and reach a wider customer base.