The Skin Aesthetic Devices market size is projected to reach US$ 6.78 billion by 2031 from US$ 2.80 billion in 2022. The market is expected to register a CAGR of 11.7% in 2023–2031. Technological advancements in novel skin aesthetics devices are likely to remain a key skin aesthetic devices market trend.
Skin aesthetic devices are used in cosmetic surgery, an operation that involves enhancing a person’s look. These devices include surgical and non-surgical devices which can be used for medical or non-medical purposes. The growing adoption of non-invasive and minimally invasive procedures, rising prevalence of skin disorders, and growing awareness about beauty devices are the factors responsible for the skin aesthetic devices market growth.
There has been a rise in the adoption non-surgical procedures including botulinum toxin type a, soft tissue fillers, chemical peel, laser hair removal and microdermabrasion. Non-surgical aesthetic procedures offer minimally invasive treatments for various issues such as skin rejuvenation, wrinkle reduction, body contouring, and hair restoration. They require little to no downtime and provide noticeable results. According to the American Society of Plastic Surgeons (ASPS) report published in 2022, 18.80 million non-surgical procedures were performed in 2022 globally, representing an increase of 57.8% in the last four years. As the stigma around aesthetic enhancements fades, more individuals in developing countries are choosing non-surgical options, favouring the skin aesthetic devices market growth.
Rising consumer awareness about the available aesthetic surgical treatments is boosting the growth of the market. The proliferation of internet resources and the growth of social media platforms have been crucial in educating people about the vast array of cosmetic treatments present in the market. The desire for youthful, perfect skin has become prevalent with people actively looking for the newest advancements to help them reach their desired aesthetic outcomes. Additionally, the rise in the aging population bolsters the growth of the market.
The rising spending on cosmetic and rejuvenation procedures to improve aesthetics is rapidly increasing among people from developing economies in Asia Pacific, and South and Central America. With the rising expenditure in healthcare enable professional to adopt advanced technologies for performing cosmetic procedures. Asia Pacific is expected to be the fastest-growing market for medical aesthetics among all major regions, with countries such as China, Japan, India, and South Korea emerging as prime contributors to the market growth, during the forecast period. Rapid urbanization, increasing investments by healthcare providers in improving infrastructure, growing awareness among the population, and widening availability of a range of advanced products and technologies are all contributing to the growth of this market.
Key segments that contributed to deriving the skin aesthetic devices market analysis are product type and end user.
The geographic scope of the skin aesthetic devices market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market. Factors such as the increasing cosmetic surgeries, rising adoption of minimally invasive aesthetic treatments in home settings, and the growing consumer spending on cosmetics in the region propel regional growth. According to the ISAPS report published in 2022, 609,231 face rejuvenation procedures were done by the plastic surgeons in the US. This rise is boosting the demand for skin aesthetic devices used in the cosmetic surgeries. Moreover, the market will likely experience growth opportunities in Canada and Mexico due to growing medical tourism and increasing product launches. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
The regional trends and factors influencing the Skin Aesthetic Devices Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Skin Aesthetic Devices Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 2.80 Billion |
| Market Size by 2031 | US$ 6.78 Billion |
| Global CAGR (2023 - 2031) | 11.7% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Skin Aesthetic Devices Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Skin Aesthetic Devices Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Skin Aesthetic Devices market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Skin Aesthetic Devices:
The “Skin Aesthetic Devices Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: