The aesthetic medical device market is valued at USD 13.73 billion in 2024 and is projected to reach USD 18.82 billion by 2034, exhibiting a CAGR of 3.20% over the forecast period.
Key Market Drivers
The aesthetic medical device market generated a revenue of USD 11.77 billion in 2018. In the last five years, the market grew at a pace of 2.40% CAGR and added revenue of USD 1.96 billion. Several reasons can be attributed to this growth:
| Attributes | Key Statistics |
|---|---|
| Aesthetic Medical Device Market Value (2024) | USD 13.73 billion |
| Anticipated Market Value (2034) | USD 18.82 billion |
| Estimated Growth (2024 to 2034) | 3.20% CAGR |
The aesthetic medical device market is anticipated to surpass a valuation of USD 18.82 billion by 2034. The market is expected to rise at a 3.20% CAGR through 2034. While the market is expected to experience remarkable growth, several factors could adversely affect its development:
| Attributes | Details |
|---|---|
| Top Product | Non-energy based Devices |
| Market Share in 2024 | 89.99% |
Depending on the product, the aesthetic medical device market is bifurcated into energy-based aesthetic devices, laser-assisted liposuction devices, laser resurfacing devices, non-energy-based aesthetic devices, etc. The non-energy-based devices segment is anticipated to hold a market value of 89.99%.
| Attributes | Details |
|---|---|
| Top Application | Body Contouring And Cellulite Reduction |
| Market Share in 2024 | 11.94% |
The aesthetic medical device market is categorized by applications such as anti-aging, wrinkle reduction, facelift, lip augmentation, and body contouring and cellulite reduction. The body contouring and cellulite reduction sector dominates the market with a share of 11.94%.
The section provides an analysis of the aesthetic medical device market by country, including India, China, and the United Kingdom. The table presents the CAGR for each country, indicating the expected growth of the market in that country through 2034.
| Countries | CAGR (2024 to 2034) |
|---|---|
| China | 6.20% |
| India | 4.50% |
| United Kingdom | 2.00% |
China leads the global aesthetic medical device market. Over the next ten years, the Chinese demand for aesthetic medical devices is projected to rise at a 6.20% CAGR.
Over the years, China is become one of the largest hubs for medical tourism. Each year, millions of individuals flock to the country to take advantage of its advanced medical facilities. This has pushed healthcare facilities in China to adopt and acquire sophisticated facial aesthetic devices to cater to the demands of these tourists. Besides this, the government in China has always promoted the cosmetic industry, which has further encouraged companies to enter the market space.
The Indian aesthetic medical device market is anticipated to retain its dominance by progressing at an annual growth rate of 4.50% through 2034.
The Indian healthcare sector, in the last few decades, has been going through a watershed moment. Various government schemes and initiatives have brought a substantial amount of Indians into the healthcare sector. This has considerably increased the number of potential consumers in the country. Apart from this, government schemes and subsidies are also pushing companies to offer sophisticated facial rejuvenating treatments to consumers, which is eventually augmenting the market growth.
The United Kingdom aesthetic medical device market is anticipated to register a CAGR of 2.00% until 2034.
The United Kingdom is blessed with a multitude of reasons that make it one of the leading countries in this market. First and foremost, are the ongoing beauty trends due to social media and the effect of social media influencers on the general public.
Women and men take inspiration from these beauty influencers, which is generating an excellent demand for aesthetic medical devices in the country. Also, the rising disposable income of the middle-class population is contributing significantly to the growth of the aesthetic medical device market in the United Kingdom.
The global market for aesthetic medical devices consists of companies that have a strong foothold due to their prolonged presence in the industry. Some of the prominent companies in the aesthetic medical device industry are Alma Lasers, Merz Pharma, Bausch Health Companies Inc., Lumenis Be Ltd., Venus Concept, etc.
These companies are investing millions of dollars to make their offerings inexpensive so that the general population, especially in emerging economies, can afford them. Besides this, they are also collaborating with social media influencers, with millions of virtual followers, to market their products effectively.
Recent Developments
| Report Attributes | Details |
|---|---|
| Current Total Market Size (2024) | USD 13.73 billion |
| Projected Market Size (2034) | USD 18.82 billion |
| CAGR (2024 to 2034) | 3.20% |
| Base Year for Estimation | 2023 |
| Historical Period | 2019 to 2023 |
| Projections Period | 2024 to 2034 |
| Quantitative Units | USD billion for value and thousand units for volume |
| Products Analyzed (Segment 1) | Energy-Based Devices (LAL, Laser Resurfacing, RFAL, PAL, UAL, IPL, Cellulite Reduction Devices), Non-Energy Based Devices (Facial Aesthetic Products, Dermal Fillers, Botulinum Toxin, Microdermabrasion, PRP, Microneedling, Implants - Breast, Buttock, Facial, Others) |
| Applications Analyzed (Segment 2) | Skin Resurfacing and Tightening, Anti-Aging, Wrinkle Reduction, Face Lift, Lip Augmentation, Acne & Scar Treatment, Hair Removal, Body Contouring and Cellulite Reduction, Tattoo Removal, Breast Augmentation, Abdominoplasty, Lower Body Lift, Upper Body Lift, Liposuction, Dermabrasion, Dentistry, Others |
| Body Parts Analyzed (Segment 3) | Face, Eyes, Nose, Lip, Ears, Body and Extremities, Arms and Elbow, Buttocks, Feet, Thigh, Breast, Neck, Scalp |
| End Users Analyzed (Segment 4) | Hospitals, Ambulatory Surgical Clinics, Free Standing Aesthetic Centers, Dermatology and Cosmetology Clinics, Dental Clinics, Medical Spas and Wellness Centers |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
| Countries Covered | United States, Canada, Mexico, Brazil, Argentina, Germany, France, United Kingdom, Italy, Spain, Netherlands, China, India, Japan, South Korea, ANZ, GCC Countries, South Africa |
| Key Players influencing the Aesthetic Medical Device Market | Allergan plc, Alma Lasers, Bausch Health Companies Inc., Cynosure, LLC, Cutera, Inc., Galderma S.A., Lumenis Ltd., Merz Pharma GmbH & Co. KGaA, Sientra, Inc., Solta Medical, Inc., Syneron Medical Ltd., LPG Systems, Venus Concept Ltd., Sciton, Inc., ZELTIQ Aesthetics, Inc., Fotona d.o.o., Hologic, Inc., InMode Ltd., Syneron Candela, Zimmer MedizinSysteme GmbH |
| Additional Attributes | Dollar sales by device type (energy vs non-energy), Market trends in facial aesthetics and body contouring, Regional popularity of non-invasive treatments, Innovation in multi-functional aesthetic platforms, Impact of medical spa growth on equipment sales |
| Customization and Pricing | Customization and Pricing Available on Request |
The global aesthetic medical device market is expected to be worth USD 13.73 billion in 2024.
The market for aesthetic medical devices is expected to reach USD 18.82 billion by 2034.
The aesthetic medical device market is growing at a CAGR of 3.20% from 2024 to 2034.
Alma Lasers, Merz Pharma, Bausch Health Companies Inc., Lumenis Be Ltd., Venus Concept, etc., and 3M Company, etc. are some of the major players in the market for aesthetic medical devices.
The valuation for the aesthetic medical device market was USD 13.24 billion in 2023.
Explore Therapeutic Device Insights
Aesthetic Medical Device Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
