Aesthetic Medical Devices Market to Reach USD 49.72 Billion by 2030, Growing at a CAGR of 12.8%

Global Aesthetic Medical Devices Market Poised for Remarkable Growth

The global aesthetic medical devices market is experiencing significant expansion, with projections indicating a substantial rise from USD 21.39 billion in 2023 to nearly USD 49.72 billion by 2030, reflecting a robust Compound Annual Growth Rate (CAGR) of 12.8%.

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Competitive Landscape

The market is characterized by intense competition, with key players such as 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 leading the industry.

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Regional Insights

North America: Growth and Opportunities

In North America, the aesthetic medical devices market was valued at USD 6,982.44 million in 2023 and is anticipated to reach USD 16,367.52 million by 2031, registering a CAGR of 11.2%.The region's growth is driven by a high number of minimally invasive procedures and increasing consciousness about physical appearances.

Asia Pacific: Trends and Consolidation

The Asia Pacific region is witnessing rapid growth in the aesthetic medical devices market, with valuations rising from USD 4,158.02 million in 2023 to an expected USD 9,938.72 million by 2031, at a CAGR of 11.5%.

Notably, European healthcare-focused private equity firm ArchiMed made its first acquisition in Asia by purchasing Korean company Jeisys Medical for approximately $742 million. Jeisys, a manufacturer of energy-based devices used in medical and aesthetic skin-care treatments, has expanded beyond Korea to countries like Japan, Australia, and Vietnam.

Additionally, L'Oréal has invested in clinics across China and North America to gain insights into the medical aesthetics market, including a 10% stake acquisition in the Swiss skincare company Galderma.

Europe: Opportunities and Updation

The European aesthetic medical devices market was valued at USD 6,010.73 million in 2023 and is projected to reach USD 13,739.86 million by 2031, with a CAGR of 10.9%.The region is experiencing a surge in at-home beauty treatments using advanced devices, reflecting a growing consumer interest in achieving salon-like results at home. High street stores are seeing increased sales of devices such as LED beauty masks, microneedling tools, and laser hair removal devices.

Middle East and Africa: Trends and Growth

The Middle East and Africa aesthetic medical devices market was valued at USD 863.44 million in 2023 and is expected to reach USD 1,879.53 million by 2031, registering a CAGR of 10.2%.The region is witnessing a growing demand for aesthetic procedures, driven by increasing awareness and acceptance of aesthetic treatments.

Aesthetic Medical Devices Market Recent Developments

The industry has seen notable mergers and acquisitions, such as Johnson & Johnson's plan to acquire medical device maker V-Wave for up to $1.7 billion to strengthen its presence in the heart disease device market. Additionally, Johnson & Johnson has put its stroke care business, Cerenovus, up for sale, targeting a valuation of over $1 billion as part of its strategic reorganization of its medical technology division.

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Aesthetic Medical Devices Market Segmentation

by Product

1. Facial Aesthetic Devices
1. Botulinum toxin
2. Derma Fillers
3. Microdermabrasion products
4. Chemical peels
2. Cosmetic Implants
1. Breast implants
2. Gluteal implants
3. Facial implants
3.Skin Aesthetic Devices
1. Nonsurgical skin tightening devices
2. Laser skin resurfacing devices
3. Microneedling products
4. Light therapy devices
4. Body Contouring Devices
1. Nonsurgical fat reduction devices
2. Cellulite reduction devices
3. Liposuction devices
5. Physician-Dispensed Cosmeceuticals & Skin Lighteners
6. Hair Removal Devices
1. LASER hair removal devices
2. IPL hair removal devices
7. Tattoo Removal Devices
8. Thread Lift Products
9. Physician-Dispensed Eyelash Products
10. Nail Treatment laser Devices

by Technology

1. Radiofrequency technology
2. Microcurrent Technology
3. Ultrasound Technology
4. Laser Technology
5. Plasma Therapy

by End User

1. Clinics, Hospitals, And Medical Spas
2. Beauty Centers
3. Home Care Settings
4. Others

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Aesthetic Medical Devices Market Key Players

1. Mentor Worldwide LLC (Johnson & Johnson) (U.S.)
2. Syneron Medical Ltd. (Candela Corporation) (U.S.)
3. Sciton, Inc. (U.S.)
4. Fotona (U.S.)
5. Solta Medical (Valeant Pharmaceuticals) (U.S.)
6. BTL INDUSTRIES, Inc. (U.S.)
7. Genesis Biosystems, Inc. (U.S.)
8. Implantech (U.S.)
9. Galderma (Switzerland)
10. Cutera Inc. (U.S.)
11. Venus Concept (Canada)
12. Lutronic (U.S.)
13. Sientra Inc. (California)
14. Aesthetic Management Partners (U.S.)
15. Cartessa Aesthetic (U.S.)
16. Apyx Medical (U.S.)
17. Zimmer Biomet (U.S.)
18. Implantech (U.S.)
19. GALDERMA Laboratories (U.S.)
20. Candela Corporation (U.S.)

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