Aesthetic Medical Devices Market Size, Share & Global Insights 2022-2030

The North America 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.
Mexico is becoming hotspot for medical tourism destination. According to the Medical Tourism Index, Mexico has emerged as a top medical tourism destination, attracting patients from all over the world, especially from the US and Canada. Medical institutions in the country offer affordable, high-quality cosmetic operations. A few of the country's most skilled and experienced plastic surgeons practice with them to achieve positive results. In 2020, over 74,000 liposuctions were performed in Mexico, making it the most common plastic surgery procedure in the country. Also, breast lifts procedures in Mexico accounted for over 58,000. Also, Mexico City had the highest density of plastic surgeons per population as of February 2020, with 434 licensed physicians practicing that specialty. Therefore, with flourishing medical tourism, the demand for aesthetic procedures is likely to surge, thereby bolstering the demand for aesthetic medical devices in the coming years. Low-cost procedures without any compromise on treatment quality, and reduced medical costs are the prime factors resulting in the growth of medical tourism, which, in turn, is expected to generate significant opportunities for the market growth.

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Noninvasive In the US, the number of aesthetic procedures has increased significantly over the last 10 years. Also, technological developments have increased the number of minimally invasive and noninvasive procedures. According to the American Society of Plastic Surgeons, in 2022, 26.2 million surgical and minimally invasive operations were carried out in the US. Additionally, as per ASAPS 2020, 15.6 million cosmetic procedures were recorded in 2020, which included ~2.3 million cosmetic surgical and 13.2 million cosmetic minimally invasive procedures. Intense pulsed light (IPL) treatment is among the top 5 cosmetic minimally invasive procedures, with over 827,000 IPL procedures performed in the country in 2020. The rise in the development of noninvasive and minimally invasive medical aesthetic devices and the exponential rise in aesthetic procedures are driving the market growth.

MARKET INTRODUCTION

Furthermore, changing beauty standards, increased consciousness about looks, and high disposable income in the country. The expenditures on aesthetic procedures are rising significantly; approximately US$ 20 billion were spent in 2020. Therefore, rising number of aesthetic procedures and increasing expenditures on healthcare are likely to support the market growth during the forecast period. Glanbia Plc

Market Plyers:

• PepsiCo Inc
• The Coca-Cola Co
• Iovate Health Sciences International Inc.
• Abbott Laboratories
• Yakult Honsha Co., Ltd.
• NOW Health Group Inc
• Garden of Life LLC
• Quest Nutrition LLC
• Herbalife Nutrition Ltd

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Key Segmentation:

Deployment Mode (Cloud Based and On-Premise),
The Aesthetic medical devices market is categorized into type, application, and country.
• Based on type, the Aesthetic medical devices market is segmented into pellets, blocks, and others. The blocks segment held the largest market share in 2022.
• In terms of application, the Aesthetic medical devices market is segmented into food and beverage, storage and transportation, healthcare, industrial applications, and others. The storage and transportation held the largest market share in 2022.
• By country, the Aesthetic medical devices market is segmented into the US, Canada, and Mexico. The US dominated the Aesthetic medical devices market share in 2022.
Aesthetic Medical Devices Market , in 2021. The growth of the segment is primarily attributed to the increase in need for maintenance and repair activities in order to make sure its internal and external parts are in good condition and to maintain a record of its condition. Based on application, the power transformers segment held the largest share of the Aesthetic Medical Devices Market. The rise in energy demand, increase in renewable power generation, growing initiatives for smart cities & urbanization are the key factors responsible for the demand of power transformer. Thus, such factors are driving the Aesthetic medical devices market growth.

Table of Contents

Based on material, the Aesthetic medical devices market is segmented into FRP/composites, metal/alloys, and others. The metal/alloys segment held the largest share of the Aesthetic medical devices market in 2022.
Based on size, the Aesthetic medical devices market is segmented into 75-120 feet, 121-250 feet, and Above 250 feet. The 121-250 feet segment held the largest share of the Aesthetic medical devices market in 2022.

Based on country, the Aesthetic medical devices market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the share of the Aesthetic medical devices market in 2022.

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