Aesthetic Medical Devices market Expected to Witness a Sustainable Growth

Posted by Pallavi on September 26th, 2022

According to our new research study on "Aesthetic Medical Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Technology, Application, and End User," the market was valued at US$ 13,536.51 million in 2021 and is likely to be valued at US$ 29,734.56 million by 2028; it is estimated to grow at a CAGR of 11.9% during 2022–2028.

Based on technology, the aesthetic medical devices market is segmented into laser-based, light-based, electromagnetic energy-based, ultrasound-based, cryolipolysis, suction-based, and plasma energy-based. The laser-based is further sub-segmented into Alexandrite, Diode, ND:YAG, CO2, ER:YAG, PDL, and Others. The light-based is further bifurcated into IPL and LED. The electromagnetic energy-based is further segmented into infrared-based, radiofrequency-based, non-laser (hydradermabrasion), and others. The laser-based segment held the largest market share in 2021.

Several players in the aesthetic medical devices market—including Alma Lasers; Merz Pharma; Bausch Health Companies Inc.; Lumenis Be Ltd.; Venus Concept; Candela Corporation; Cutera Inc.; Fotona; InMode; and Asclepion Laser Technologies GmbH; Quanta Systems; BTL; Jeisys Medical Inc.; LUTRONIC; LASEROPTEK; Strata Aesthetics Ltd.; Lynton Lasers Ltd.; Mesoestetic; TRIA Beauty; Sciton, Inc.; DEKA M.E.L.A. srl; Edge Systems, LLC are engaged in addressing the growing demands for aesthetic medical devices.

The aesthetic medical devices market is segmented on the basis of technology, application, and end user. Based on technology, the aesthetic medical devices market is segmented into laser-based, light-based, electromagnetic energy-based, ultrasound-based, cryolipolysis, suction-based, and plasma energy-based. The laser-based is further sub-segmented into Alexandrite, Diode, ND:YAG, CO2, ER:YAG, PDL, and Others. The light-based is further bifurcated into IPL and LED. The electromagnetic energy-based is further segmented into infrared-based, radiofrequency-based, non-laser (hydradermabrasion), and others. Based on application, the aesthetic medical devices market is segmented into facial skin resurfacing, photo rejuvenation, hair removal, fat reduction & body contouring, skin tightening, cellulite reduction, feminine rejuvenation, tattoos & pigmentation, acne & scars, vascular lesions, and others. Based on end user, the aesthetic medical market is segmented into dermatology & cosmetic clinics, hospitals and clinics, medical spas, and home use. Based on geography, the aesthetic medical devices market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherland, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, Thailand, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

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However, the electromagnetic energy-based segment is anticipated to register the highest CAGR during the forecast period. Based on application, the aesthetic medical devices market is segmented into facial skin resurfacing, photo rejuvenation, hair removal, fat reduction & body contouring, skin tightening, cellulite reduction, feminine rejuvenation, tattoos & pigmentation, acne & scars, vascular lesions, and others. The acne and acne scars segment held the largest market share in 2021. However, the feminine rejuvenation segment is expected to register the highest CAGR during the forecast period. Based on end user, the aesthetic medical devices market is segmented into dermatology & cosmetic clinics, hospitals and clinics, medical spas, and home use. The dermatology and cosmetic clinics segment held the largest market share in 2021 and is expected to register the highest CAGR during the forecast period.

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