Skin Aesthetic Devices Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

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 Market Analysis

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.

Skin Aesthetic Devices Market Overview

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.

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Skin Aesthetic Devices Market: Strategic Insights

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Skin Aesthetic Devices Market Drivers and Opportunities

Rising Awareness and Acceptance for the Aesthetic Surgeries to Favor Market

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.

Rising Healthcare Expenditure – An Opportunity in the Emerging Markets

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.

Skin Aesthetic Devices Market Report Segmentation Analysis

Key segments that contributed to deriving the skin aesthetic devices market analysis are product type and end user.

• Based on product, the skin aesthetic devices market is segmented into laser skin resurfacing devices, nonsurgical skin tightening devices, micro-needling products, and light therapy devices. The laser skin resurfacing devices segment held the largest market share in 2023. Further, the nonsurgical skin tightening devices segment is anticipated to grow with the highest CAGR during 2023-2031.
• Based on treatment, the skin aesthetic devices market is segmented into skin tightening, instant rejuvenation, body contouring, laser lipo, and other treatments. The skin tightening segment held the largest skin aesthetic devices market share in 2023.
• The market by end-user is segmented into hospitals and aesthetic clinics, medical spas and beauty salons and home settings. The hospitals and aesthetic clinics segment dominated the market in 2023.

Skin Aesthetic Devices Market Share Analysis by Geography

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.  

Skin Aesthetic Devices Market Regional Insights

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.

Skin Aesthetic Devices Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

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:

1. Johnson & Johnson
2. Allergan plc
3. SYNERON MEDICAL LTD
4. Hologic, Inc
5. LUMENIS LTD
6. MERZ PHARMA GMBH & CO. KGAA

Disclaimer: The companies listed above are not ranked in any particular order.

Skin Aesthetic Devices Market News and Recent Developments

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:

• Solta Medical business announced the U.S. launch of the Clear + Brilliant Touch laser, the company's next-generation Clear + Brilliant laser. The Clear + Brilliant Touch laser delivers a customized and more comprehensive treatment protocol by providing patients of all ages and skin types the benefits of two wavelengths. (Source: Solta Medical, Press Release, 2021)
• Alma unveiled its new Alma Hybrid, designed to enable endless options of ablative, non-ablative, and thermal treatments for skin rejuvenation and scar revision. Alma Hybrid creates a unique synergistic effect by combining the power of CO2 laser, 1570nm laser, and IMPACT for Trans Epidermal Delivery (TED). (Source: Alma Lasers, Company Website, 2020)

Skin Aesthetic Devices Market Report Coverage and Deliverables

The “Skin Aesthetic Devices Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles