The North America is the fastest growing aesthetic medical devices market was valued at US$ 6,982.44 million in 2023 and is expected to reach US$ 16,367.52 million by 2031; it is estimated to register a CAGR of 11.2% from 2023 to 2031.
US & Canada, Nov. 26, 2024 (GLOBE NEWSWIRE) — According to a new comprehensive report from The Insight Partners, the global aesthetic medical devices market is observing significant growth owing to the surge in the adoption of minimally invasive and noninvasive aesthetic procedures and the increase in the prevalence of skin disorders and consumer awareness about skincare treatments.
The report carries out an in-depth analysis of market trends, key players, and future opportunities. The aesthetic medical devices market entails an array of platforms and services that are expected to dominate the market in the coming years.
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Regional analysis –
- The Europe aesthetic medical devices market was valued at US$ 6,010.73 million in 2023 and is expected to reach US$ 13,739.86 million by 2031; it is estimated to register a CAGR of 10.9% from 2023 to 2031.
- The Asia Pacific aesthetic medical devices market was valued at US$ 4,158.02 million in 2023 and is expected to reach US$ 9,938.72 million by 2031; it is estimated to register a CAGR of 11.5% from 2023 to 2031.
- The Middle East & Africa aesthetic medical devices market was valued at US$ 863.44 million in 2023 and is expected to reach US$ 1,879.53 million by 2031; it is estimated to register a CAGR of 10.2% from 2023 to 2031.
Market Segmentation
- Based on technology, the aesthetic medical devices market is segmented into laser-based, light-based, electromagnetic energy-based, ultrasound-based, cryolipolysis, suction-based, plasma energy-based, EMS, and microwave. The laser-based segment held the largest share of the market in 2023.
- By application, the aesthetic medical devices market is categorized into acne and acne scars, hair removal, facial skin resurfacing, photorejuvenation, skin tightening, feminine rejuvenation, fat reduction and body contouring, tattoos and pigmentation, vascular lesions, cellulite reduction, and others. The acne and acne scars segment accounted for the largest share of the market in 2023.
- Based on end user, the aesthetic medical devices market is segmented into dermatology and cosmetic clinics, hospitals and clinics, medical spas, and home use. The dermatology and cosmetic clinics segment led the market in 2023.
- The aesthetic medical devices market is segmented into five major regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Competitive Strategy and Development
- Key Players: A few of the major companies operating in the aesthetic medical devices market are Alma Lasers, Merz Pharma GmbH Co KGaA, Bausch Health Companies Inc, Lumenis Be Ltd, Venus Concept Inc, Cutera Inc, Fotona, InMode, Asclepion Laser Technologies GmbH, and Cynosure LLC.
- Trending Topics: AI-driven aesthetic devices, telemedicine and virtual consultations in aesthetic treatments, holistic beauty and wellness integration, biostimulation and regenerative aesthetics, and wearable aesthetic devices, among others.
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Global Headlines on Aesthetic Medical Devices
- Cynosure and Lutronic Announce Merger to Create a Leading Global Medical Aesthetics Technology Company
- Venus Concept Launches Venus Versa Pro, its new multi-application platform for face and body treatments
- Aesthetics Biomedical Announces Collaboration with US Dermatology Partners Offering Consumers Luxury Experiential Aesthetic Treatments
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Conclusion
The aesthetic medical devices market is experiencing robust growth, driven by rising demand for noninvasive and minimally invasive procedures, technological advancements, and increasing consumer awareness about appearance enhancement. Moreover, factors such as the aging population, growing preference for personalized treatments, and the increasing availability of advanced, user-friendly devices have fueled the market expansion. Additionally, the integration of artificial intelligence, automation, and improved safety protocols in devices is driving innovation and user confidence, which significantly supports the market growth. Also, there is a surge in demand from emerging markets, particularly in Asia Pacific, driven by growing disposable incomes and changing beauty standards. The increasing popularity of home-use aesthetic devices, offering consumers convenience and affordability, is expected to bring new trends into the market during the forecast period.
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