Aesthetic Equipment Market By Product (Devices, Aesthetic Implants) By Application (Surgical, Non Surgical) By End User (Hospitals And Clinics, Medical Spas And Beauty Centers)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Key Highlights of the Report

The global aesthetic equipment market is segmented by product, application, end user, and region. Aesthetic implants category is the most popular, while non surgical application is the primary segment. Hospitals and clinics category is the most common end user segment, with North America leading the market growth.

The demand for minimally invasive & non-invasive reconstruction procedures is expected to increase the size of the aesthetic equipment market significantly throughout the forecast period. As the prevalence of congenital dental and facial deformities increases, so does the public’s attention to aesthetics. The aesthetic equipment market is expanding primarily due to these factors. However, high treatment costs, subpar reimbursement rates, and the potential for implant issues limit the market’s growth.

Nonetheless, due to the growing use of medical aesthetics, improved technological breakthroughs, and the creation of novel products by key players, North America dominated the market with the greatest share and is predicted to retain this trend during the aesthetic equipment market forecast. In addition, the market is expected to be driven by the aging population, favorable reimbursement rates, the prevalence of congenital dental and face malformations, and sophisticated healthcare infrastructure.

Market Overview

The global aesthetic equipment market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 10.20% between 2023 and 2030. The market was valued at USD 14.5 billion in 2022 and is expected to reach USD 28.6 billion in 2030.

What Are The Main Drivers Of The Global Aesthetic Equipment Market?

The expansion of the market for aesthetic equipment can be linked to technological developments that enable the creation of novel gadgets that provide patients with better outcomes while being more comfortable. In addition, as the world’s population ages, more people are turning to treatments to stay young-looking, causing the market for aesthetic equipment to expand.

What Are The Major Challenges Faced By The Global Aesthetic Equipment Market?

A significant barrier to entry for smaller clinics and practices can be the high cost of purchasing and maintaining aesthetic equipment. The competition from less-priced non-aesthetic therapies or therapies with a wider range of uses may also impact the aesthetic equipment market.

What Are The Growth Opportunities In The Global Aesthetic Equipment Market?

The market for aesthetic equipment is expanding as more people look for procedures to enhance their looks due to the influence of social media and the desire for the “perfect” appearance. In addition, the availability of financing options is making aesthetic operations more affordable to consumers, which is raising the demand for aesthetic equipment.

Executive Summary

Overview of the Global Aesthetic Equipment Market

The market for aesthetic equipment is a quickly expanding sector with a wide range of innovative uses. Due to rising consumer disposable income and rising demand for aesthetic procedures, the market is anticipated to keep expanding. People seeking cosmetic treatments can be confident that they will discover the best equipment to suit their needs due to the presence of major players offering a wide variety of equipment. The market is also primarily driven by expanding demand for less invasive cosmetic operations, rising public awareness of the advantages of aesthetic procedures, and rising disposable income of consumers.

Market Definition

Aesthetic equipment treats many disorders, including acne scars, wrinkles, dark spots, mole spots, and many others. By lowering facial tanning, discoloration, and acne, among other things, these products help improve facial appearance. Dermal fillers, botulinum toxin, microdermabrasion, and chemical peels are just a few examples of various facial aesthetic products. These implants are also used to improve other bodily parts. Breast implants and face implants are just two examples of implants. They are typically constructed from metal, plastic, bone, ceramic, skin, and other tissues.

Market Insights

• The global demand for aesthetic equipment was valued at USD 14.5 Billion in 2022 and is expected to reach USD 28.6 Billion in 2030, growing at a CAGR of 10.20% between 2023 and 2030.
• In terms of value, aesthetic implants are the market leader and held over 57% of the market in 2022; however, the CAGR for the devices category is expected to be the quickest over the projection period.
• With a huge market share of over 60% in 2022 and projections of high CAGR growth, the non-surgical category will continue to dominate the demand for aesthetic equipment globally.
• In contrast to the medical spas and beauty centers sector, which is estimated to hold the largest market share in 2022 with over 35% of the total, hospitals & clinics is predicted to grow at the greatest CAGR over the forecast period.
• In 2022, North America will account for almost one-third of the market for aesthetic equipment, while Asia Pacific and Europe will each represent slightly under 40%. In 2022, North America held a 47% share.
• The rise in the number of obese people, higher awareness of cosmetic surgery, increased adoption of minimally invasive technologies, and technological advancements in devices all contribute to the market’s revenue growth. Additionally, a rise in social media users and public awareness of medical aesthetic procedures are anticipated to affect market expansion positively.
• The rise in consumer expenditure on cosmetic procedures has opened up opportunities for this industry. Rising demand for minimally invasive cosmetic procedures, an increase in the prevalence of congenital tooth and face deformities, improvements in cosmetic device technology, and an increase in the number of procedures are additional factors driving the growth of the North American aesthetic equipment market.

Segmentation by Product

• In terms of value in 2022, aesthetic implants held the top spot by-product with over 57% of the market.
• During the forecast period, it is predicted that the devices segment’s CAGR will be the fastest.

Segmentation by Application

• With a huge market share of over 60% in 2022 and forecast to have high CAGR growth, the non-surgical category will continue to dominate the global demand for aesthetic equipment.
• The remaining portion of the demand for aesthetic equipment comes from the surgical category.

Segmentation by End User

• During the projection period, the category for hospitals and clinics is anticipated to register the greatest CAGR.
• With a market share of over 35% in 2022, the medical spas and beauty centers segment is currently in the lead.

Segmentation by Region

• North America will account for over one-third of the global market for cosmetic equipment in 2022.
• In 2022, Europe will occupy more than 25.5% of the market, with Asia Pacific accounting for just under 40% of the total.
• The rest of the world’s demand for aesthetic equipment comes from places including Latin America, the Middle East, and Africa.

The growth of the aesthetic equipment market can be attributed to technical advancements that make it possible to design unique devices that give patients better results while being more pleasant. Additionally, as the world’s population ages, more people seek out procedures to seem younger, fueling the market’s growth for aesthetic equipment.

The North America region dominated the market over the forecast period. The rapid increase in cosmetic operations among all age groups and introducing a technologically improved product in the US are the main factors driving the market’s expansion. For instance, the International Society of Aesthetic Plastic Surgery estimates that in the United States in 2019, there were 2.6 million non-surgical operations and 1.4 million surgical ones. Additionally, the increase in funding for various startups is assisting in expanding these markets nationwide.

The Asia Pacific market is anticipated to develop throughout the projected period with consistent revenue growth. The region’s growth is anticipated to be boosted by the availability of advanced technical gadgets, a rise in the importance of appearance, and South Korea’s position as a center for medical aesthetics, among other factors. With new medical aesthetic devices and technology being employed alongside it, Asia Pacific, well-known for its cosmetics business, is experiencing a rise in market income.

Overall, growing skin care and aesthetics awareness is the main element driving demand for beauty products and is also the main driver of the global market for aesthetic equipment. Furthermore, these products are becoming of higher quality because to technical improvements. Due to this, people of all ages are increasingly using aesthetic devices.

The high expense of acquiring and maintaining aesthetic equipment can be a substantial entry barrier for smaller clinics and practices. The competition from less expensive non-aesthetic therapies or therapies with a wider range of uses may also affect the market for aesthetic equipment.

Growing Geriatric Population

The aging population has significantly increased the demand for anti-aging, energy-based cosmetic gadgets. Age-related changes in the skin’s layers, such as the loss of fibrous tissue and a diminished vascular and glandular network, cause wrinkles, dryness, pigmentary changes, and skin sagging. According to reports, the elderly population is drawn to aesthetic devices because they use knowledge aesthetics to postpone the physical and mental decline of senescence until the very end of life.

The stigmata of the aging face care and concern to appearances that have advanced way towards the use of minimally invasive procedures are caused by the rising facial aging in the skin or within underlying fat and connective tissue, dermal elastosis of the skin, lipodystrophy of the neck, and laxity of the facial ligaments. Growing demand among the senior population results from the need for non-invasive energy-based treatments for skin tightening, face sculpting, wrinkle reduction, and rejuvenation. Older people use anti-aging gadgets more frequently because they assist in lessening the visible symptoms of skin aging by revitalizing and tightening the skin, which gives a younger look. Therefore, the aging population is anticipated to fuel the expansion of the worldwide aesthetic equipment market.

Technological Advancements In Aesthetic Equipments

The impact of technological improvements on clinical services and healthcare is being expanded and made more available. Where necessary, cutting-edge revolutionary technologies have improved aesthetic therapy for the skin and other body components. Laser and light-based systems have drawn more and more attention. Using resurfacing procedures and other ablative energy-based devices, CO2 and erbium YAG laser systems have been discovered to have significant advantages over traditional techniques for skin rejuvenation therapy.

Compared to non-ablative and fractional technologies, which have a faster recovery rate and higher complications rates, ablative therapies are more traditional. In addition, novel cellulite, lipolysis, and acne vulgaris therapies have also been developed. These therapies include cutting-edge devices that combine ablative and fractional technologies to produce notable outcomes. For treatment planning and a precise assessment of the targeted ablating zone, new lasers, lights, and other energy devices therapeutic processes are permitted as long as they are safe for patients and effective. This indicates that technical advancements in aesthetic equipment will fuel the development of the global market for aesthetic equipment.

High Price Of Aesthetic Procedures

The price of the product is a key consideration in the market. A person with an ordinary income may struggle to pay the costs of longer-term treatment. Critical care and intensive care unit services are used more frequently than ever, and the existing healthcare system is deeply concerned about their high cost. Modern energy-based technology-based gadgets that reduce fat utilizing cutting-edge modalities like plasma, laser, and others help to tone and tighten different body areas.

Energy-based gadgets come in a wide range of prices depending on where you live and factors like brand, quality, and durability. The medical facility or clinic chosen for the operation, the technology employed, the region affected, the length of the patient’s stay, and the intricacy of the surgery are among the primary elements that affect how much cosmetic procedures cost. The multiple checkpoints of the surgery and the employment of high-tech modalities to carry out such procedures are responsible for the procedure’s high expense. The high cost of the process is anticipated to impede the market’s growth because the cost of using technologically advanced equipment for aesthetic surgery increases proportionately.

Increasing Public Knowledge Of Aesthetic Procedures

The transmission of information to target audiences is encouraged by digital platforms. These platforms are essential for making cosmetic operations easier. The term “cosmetic surgery” refers to techniques used in one of the most brilliant ways to enhance the appearance of the face and body. The use of such techniques rose in popularity. Historically, surgeons used their websites to raise awareness. Still, today’s surgeons are gradually using Instagram, LinkedIn, Snapchat, Twitter, and other social networking sites to raise awareness about the detection and treatment of a body part’s symmetry and aesthetic appeal, as well as how to fight age-related changes in the skin.

Social media helps people connect, promote their work, and raise awareness among the general public. Researchers also found a correlation between higher social network usage and a greater worry about plastic surgery, particularly when using specific apps. Sales will increase as a result, as will the product portfolio and line. Therefore, growing awareness of detection and treatment is anticipated to present a potential opportunity for the global aesthetic equipment market in the coming years.

Competitive Landscape

Key Players

The global aesthetic equipment market is highly competitive, with the presence of several key players. Some of the major players in the market and their market share are as follows:

• 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.

To stay competitive in the market, these businesses prioritise product innovation, enlarging their distribution networks, and mergers and acquisitions. The key players in the worldwide aesthetic equipment market are continually launching new products and developments to stay ahead.

In June 2022, The most recent PicoSure platform upgrade from Cynosure is the PicoSure Pro device. One of the first 755nm picosecond lasers to receive FDA clearance is PicoSure Pro.

In May 2022, under an exclusive cooperation arrangement with FixNip LTD, GC Aesthetics Inc. debuted the FixNip NRI, a cutting-edge nipple-areola complex (NAC) reconstructive implant, in Europe.

In January 2021, the FDA-cleared Frax Pro system, which uses both the traditional Frax 1550 and the cutting-edge Frax 1940 applicators, was made available, according to Candela, a prominent aesthetic equipment manufacturer. This assisted the business in growing its line of aesthetic products.

Summary of Key Findings

• The primary factor driving demand for beauty products as well as the primary driver of the global market for aesthetic equipment, is an increase in skin care and aesthetics awareness.
• Market segmented by product, application, end user, and region.
• Non-surgical aesthetic equipment is the most popular, with surgical aesthetic equipment acting as the primary application segment.
• Aesthetic implants segment is the most commonly used product.
• North America is leading market growth; the market is highly competitive with key players including 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.

Future Outlook

• Positive outlook for the global aesthetic equipment market with significant growth potential in the North American region
• The expansion of the aesthetic equipment industry can be linked to technological developments that enable the creation of distinctive gadgets that provide patients with better outcomes while being more comfortable.
• A significant entry barrier for smaller clinics and practices can be the high cost of purchasing and maintaining aesthetic equipment.
• To remain competitive, key businesses should develop innovative products, broaden their market, and keep their prices low.

Segmentation

• 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
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa