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Medical Aesthetic Devices Market by
Medical aesthetic devices market was valued at $13,529.65 million in 2020, and is projected to reach $38,916.60 million by 2030, growing at a CAGR of 10.7%
Technological advancements along with increase in awareness about aesthetic appearance fuel the growth of the medical aesthetics market” — Onkar Sumant
PORTLAND, OREGON, UNITED STATES, August 8, 2022 /EINPresswire.com / -- What is aesthetic medical equipment?
Aesthetic (cosmetic) devices are typically used to improve appearance. They may be regulated by FDA depending upon their intended use and whether they impact the structure or function of the body.
According to the report published by Allied Market Research, the global medical aesthetic devices market was estimated at $13.52 billion in 2020 and is expected to hit $38.91 billion by 2030, registering a CAGR of 10.7% from 2021 to 2030.
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Drivers, restraints, and opportunities-
Rise in demand for minimally invasive & noninvasive reconstruction surgeries drives the growth of the global medical aesthetic devices market. On the other hand, high costs of treatment, low reimbursements, and risk of malfunctions associated with implants impede the growth to some extent. However, development of the medical tourism industry, emergence of tourism medical spas, and adoption of aesthetic procedures to enhance physical appearance are anticipated to pave the way for lucrative opportunities in the industry.
Increase in demand for minimally invasive & noninvasive reconstruction surgeries, technological advancements, surge in incidence of congenital face & tooth deformities, and increase in awareness about aesthetic appearance are expected to drive the medical aesthetic industry. However, high costs of treatment, low reimbursements, and risk of malfunctions are expected to impede the medical aesthetic market growth.
The surgical segment to dominate by 2030-
By application, the surgical segment contributed to the lion's share in 2020, holding more than two-thirds of the global medical aesthetic devices market. This is attributed to the fact that surgical medical aesthetic procedures are more accessible and affordable when compared with the non-surgical measures. However, the non-surgical segment is projected to manifest the fastest CAGR of 11.1% from 2021 to 2030.
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On the basis of end user, the hospitals segment presently dominates the market, and is expected to remain dominant during the forecast period. This is attributed to the fact that hospitals & clinics have installed latest technologically advanced devices and products to provide effective yet minimally invasive cosmetic reconstruction methods. In addition, hospitals provide almost all types of cosmetic procedures for patients, which drives the growth of market.
Medical aesthetics are used to treat and improve a person's aesthetic look by addressing issues such skin laxity, excess fat, cellulite, scars, moles, wrinkles, undesired hair, liver spots, spider veins, and skin discoloration, among others. Dermatology, dental & maxillofacial surgery, reconstructive surgery, and plastic surgery are all traditionally included. Aesthetic medicine includes both surgical and non-surgical techniques, and a combination of both can be utilized to improve a person's physical appearance. Aesthetic devices are utilized to correct deformities caused by accidents, trauma, and other congenital illnesses (particularly implants).
Key Market Players
Allergan plc
Dentsply Sirona Inc.
Johnson & Johnson
LUMENIS LTD
MERZ PHARMA GMBH & CO. KGAA
Hologic, Inc.
Sientra Inc
SYNERON MEDICAL LTD
VALEANT PHARMACEUTICAL INTERNATIONAL, INC
Zimmer Biomet Holdings, Inc.
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We also Offers Regional and Country Reports-
Japan Medical Aesthetic Devices Market
South Korea Medical Aesthetic Devices Market
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China Medical Aesthetic Devices Market
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Australia Medical Aesthetic Devices Market
Taiwan Medical Aesthetic Devices Market
“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of 'Market Research Reports' and 'Business Intelligence Solutions.' AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
David Correa
Allied Analytics LLP
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