Aesthetic Medical Devices Market Growing at a CAGR of 11.9% Lead By InMode, Fotona, Candela, Venus Concept, Lumenis Be

According to our new research study on "Aesthetic Medical Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Technology, Application, and End User," the market was valued at US$ 13,536.51 million in 2021 and is likely to be valued at US$ 29,734.56 million by 2028; it is estimated to grow at a CAGR of 11.9% during 2022-2028.

The report highlights the trends and drivers prevailing in the market. Increasing prevalence of minimally invasive procedures and growing technological advancements in aesthetic devices. However, high costs of treatment, low reimbursements, and the risk of malfunctions associated with implants hamper the aesthetic medical devices market growth.

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Several players in the aesthetic medical devices market including Alma Lasers; Merz Pharma; Bausch Health Companies Inc.; Lumenis Be Ltd.; Venus Concept; Candela Corporation; Cutera Inc.; Fotona; InMode; and Asclepion Laser Technologies GmbH are engaged in addressing the growing demands for aesthetic medical devices.

The aesthetic medical devices market is segmented on the basis of technology, application, and end user. Based on technology, the aesthetic medical devices market is segmented into laser-based, light-based, electromagnetic energy-based, ultrasound-based, cryolipolysis, suction-based, and plasma energy-based. The laser-based is further sub-segmented into Alexandrite, Diode, ND:YAG, CO2, ER:YAG, PDL, and Others. The light-based is further bifurcated into IPL and LED. The electromagnetic energy-based is further segmented into infrared-based, radiofrequency-based, non-laser (hydradermabrasion), and others.

However, the electromagnetic energy-based segment is anticipated to register the highest CAGR during the forecast period. Based on application, the aesthetic medical devices market is segmented into facial skin resurfacing, photo rejuvenation, hair removal, fat reduction & body contouring, skin tightening, cellulite reduction, feminine rejuvenation, tattoos & pigmentation, acne & scars, vascular lesions, and others. The acne and acne scars segment held the largest market share in 2021. However, the feminine rejuvenation segment is expected to register the highest CAGR during the forecast period.

China is specifically facing issues with the pandemic, leading to disruption of the supply chain, projected losses in revenue, marketing, and sales within all industries, especially the beauty industry, as well as the concerns of health within the production units and other public places. However, the local demand for cosmetic treatments and post-pandemic care enables the aesthetic industry to recover the losses. Urban areas, spas and clinics are experiencing adjusting to a changing market. Thus, owing to these, it is likely to have opportunities for the market to bring its economy on track.

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