Medical aesthetic devices help improve aesthetic appearance and enhance self-confidence by reducing marks, wrinkles, scars, lifting tissues, and reshaping the body. Various energy-based and implant-based aesthetic devices such as laser-based devices, injectable devices, radiofrequency devices, ultrasound devices, and plasma devices are commonly used for skin rejuvenation, body contouring, hair removal, and vascular lesions treatment. The global Medical Aesthetic Devices Market is estimated to be valued at US$ 13.04 Bn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rising consumer spending on aesthetic procedures has accelerated the growth of the medical aesthetic devices market. Factors such as increasing disposable income, massive promotional activities, and rising female working population have boosted the demand for minimally invasive procedures. Advancements in technology such as non-invasive aesthetic procedures have further increased their acceptance. Growing social acceptance, less downtime, and absence of hospital stay have also influenced consumers to opt for these procedures. The trend is expected to continue over the forecast period owing to increasing focus on physical appearance and growing medical tourism industry.
Segment Analysis
The global medical aesthetic devices market is dominated by the energy-based devices sub-segment. Energy-based devices are in high demand due to growing popularity of non-invasive aesthetic procedures among consumers around the world. Various offerings like laser, light based, radiofrequency-based therapies and ultrasound technology have made these procedures common and effective alternatives to surgeries. Their high popularity among both male and female consumers across age groups has positioned energy-based devices as a major sub-segment in the medical aesthetics market.
Key Takeaways
The Global Medical Aesthetic Devices market Share is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: The Asia Pacific region is expected to witness the fastest growth in the medical aesthetic devices market. Rapid economic development along with rising disposable incomes in countries like China, India and South Korea has increased the acceptance of aesthetics treatments. In addition, growing medical tourism industry is attracting patients from other regions for affordable and effective aesthetic treatments. This is estimated to drive the regional market during the forecast period.
Key players operating in the medical aesthetic devices market are AGRANA Beteiligungs AG, Biome Bioplastics Limited, BIOTEC, Cardia Bioplastics, Novamont SpA, Kuraray Co. Ltd (Plantic), Rodenburg Biopolymers, and Wittenburg Group. Novamont SpA and Kuraray Co. Ltd (Plantic) hold a significant share of the market owing to their diversified product portfolio and strong global presence.
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https://www.newsstatix.com/medical-aesthetic-devices-market-size-share-growth-outlook-2023/
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