Medical Aesthetic Devices Market to Reach Valuation of USD 38.91 Billion at 10.7% CAGR from 2024-2030

The medical aesthetic market size is expected to exhibit significant growth during the forecast period, due to increase in demand for minimally invasive & noninvasive reconstruction surgeries. The key factors driving the medical aesthetic market growth are rise in incidence of congenital face & tooth deformities and increase in awareness for aesthetic appearance.

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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Key Takeaways:

• The aesthetic implants segment accounted for a share of three-fourths of the total market in 2030.
• The non-surgical segment is estimated to register CAGR of 11.1% from 2020 to 2030.
• The hospitals & clinics accounted for more than three-fifths of the total market in 2023.

Major Factors Driving the Growth of Medical Aesthetic Devices Market:

• Patients prefer minimally invasive and non-invasive procedures due to reduced pain, shorter recovery times, and lower risk of complications. Advances in technology have made these procedures more effective and widely available.
• Growing societal acceptance and reduced stigma around aesthetic enhancements are leading more people to seek out these treatments. Social media and celebrity influence play a significant role in normalizing these procedures.
• Innovations in medical technology, such as laser treatments, radiofrequency devices, and cryolipolysis, have expanded the range of available aesthetic treatments and improved their safety and efficacy.
• Economic growth in many regions has increased disposable income, enabling more people to afford elective aesthetic procedures. This is particularly notable in emerging markets.
• Many countries are becoming popular destinations for medical tourism, offering high-quality aesthetic procedures at lower costs. This trend is driven by cost savings, availability of advanced treatments, and the appeal of combining medical care with travel.

The aesthetic implants segment to retain the lion’s share-

By product type, the aesthetic implants segment held the major share in 2020, garnering more than two-thirds of the global medical aesthetic devices market. The devices segment, on the other hand, is projected to cite the fastest CAGR of 11.1% throughout the forecast period, due to rise in aging population, availability of consumer-friendly devices, and increase in the trend to look aesthetically appealing.

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Segments:

By Product:

• Devices
• Aesthetic Implants

By Application:

• Surgical
• Non Surgical

By End User:

• Hospitals And Clinics
• Medical Spas And Beauty Centers

By Region:

• North America  (U.S, Canada, Mexico)
• Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific  (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
• LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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