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US Medical Aesthetic Devices Market Size 2023: Strong Growth at a CAGR of 10.7% and Revenue to Hit USD 38.91 billion by 2030
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Key Takeaways:
Market Growth: The medical aesthetic devices market has been experiencing significant growth in recent years and is expected to continue expanding. Factors driving this growth include technological advancements, increasing awareness and demand for aesthetic procedures, and the aging population seeking non-surgical treatments.
Diverse Range of Devices: The market offers a diverse range of medical aesthetic devices designed for various procedures and treatments. These devices can be categorized into several types, including laser-based devices, energy-based devices, body contouring devices, facial aesthetic devices, and others.
Non-Invasive and Minimally Invasive Procedures: Medical aesthetic devices cater to the growing demand for non-invasive and minimally invasive procedures. Patients are increasingly seeking treatments that provide noticeable results with minimal downtime and fewer risks compared to traditional surgical options. Devices such as laser systems, radiofrequency devices, and ultrasound devices are commonly used for non-invasive and minimally invasive treatments.
Market Segmentation:
By Product Type:
Energy-Based Devices: This segment includes devices that use energy-based technologies such as lasers, radiofrequency, ultrasound, and intense pulsed light (IPL) for various aesthetic procedures.
Body Contouring Devices: These devices are designed for non-invasive or minimally invasive procedures to reshape and contour the body, targeting areas such as abdomen, thighs, and buttocks.
Facial Aesthetic Devices: This segment includes devices used for facial rejuvenation, wrinkle reduction, skin tightening, and other facial aesthetic procedures.
By Procedure Type:
Facial and Skin Resurfacing Procedures: This category includes procedures such as laser skin resurfacing, chemical peels, microdermabrasion, and dermabrasion.
Body Contouring and Cellulite Reduction Procedures: This segment comprises procedures like liposuction, non-invasive fat reduction, and cellulite reduction treatments.
Hair Removal Procedures: This category includes devices used for laser or IPL-based hair removal treatments.
Tattoo Removal Procedures: Devices used for the removal of unwanted tattoos fall into this segment.
Breast Enhancement Procedures: This segment includes devices used for breast augmentation, breast lift, and breast reduction procedures.
By End-User:
Hospitals and Clinics: Medical aesthetic devices are widely used in hospitals and aesthetic clinics where trained healthcare professionals perform aesthetic procedures.
Medical Spas and Beauty Centers: These facilities focus on providing aesthetic procedures and often use medical aesthetic devices for their treatments.
Home-Use: The market for home-use medical aesthetic devices is growing, with consumers using devices for self-treatment at home.
By Geography:
The medical aesthetic devices market can be segmented into major regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Each region may have specific market dynamics, regulatory frameworks, and consumer preferences.
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Regional Growth Dynamics:
North America dominated in 2020, garnering nearly two-fifths of the global medical aesthetic devices market, owing to increased adoption of medial aesthetics, enhanced technological advancements, and development of novel products by the key players in the province. The market across Asia-Pacific, simultaneously, is expected to cite the fastest CAGR of 11.7% throughout the forecast period. Improvement in R&D facilities, increase in medical tourism, and rise in awareness about medical aesthetics drive the market growth in the region.
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Competitive Landscape:
Johnson & Johnson
LUMENIS LTD
MERZ PHARMA GMBH & CO. KGAA
Hologic, Inc.
Zimmer Biomet Holdings, Inc.
Allergan plc
Sientra Inc
Dentsply Sirona Inc.
SYNERON MEDICAL LTD
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