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The medical aesthetic devices market will reach a valuation of USD 38.91 billion at 10.7% CAGR during 2024-2030

The aesthetic medicine market size is expected to show significant growth during the forecast period due to the increase in demand for minimally invasive and non-invasive reconstructive surgeries. The key factors driving the development of the aesthetic medicine market are the increase in the incidence of congenital facial and dental deformities and the increase in awareness of aesthetic appearance.

According to a report published by Allied Market Research, the global medical aesthetic devices market was estimated at USD 13.52 billion in 2020 and is expected to reach USD 38.91 billion by 2030, registering a CAGR of 10.7% during 2021-2030 .

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Key takeaways:

  • The aesthetic implants segment had three-quarters of the total market share in 2030.
  • The non-surgical segment is estimated to register a CAGR of 11.1% during 2020-2030.
  • Hospitals and clinics accounted for more than three-fifths of the total market in 2023.

Main factors driving the development of the medical aesthetic products market:

  • Patients prefer minimally invasive and non-invasive procedures due to reduced pain, shorter recovery time and lower risk of complications. Technological progress has made these procedures more effective and widely available.
  • Growing social acceptance and less stigma surrounding aesthetic enhancements mean that more people are seeking such 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 aesthetic treatments available and improved their safety and effectiveness.
  • Economic development in many regions has increased disposable incomes, allowing more people to afford elective aesthetic treatments. This is particularly visible in emerging markets.
  • Many countries are becoming a popular medical tourism destination, offering high-quality aesthetic procedures at lower costs. This trend is driven by cost savings, the availability of advanced treatments and the attractiveness of combining medical care with travel.

The aesthetic implant segment will retain the lion’s share –

By product type, the aesthetic implant segment accounted for the largest share in 2020, capturing more than two-thirds of the global medical aesthetic device market. On the other hand, the devices segment is expected to register the fastest CAGR of 11.1% over the forecast period due to the aging population, availability of consumer-friendly devices and increasing trend towards aesthetic appeal.

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Segments:

By product:

  • Devices
  • Aesthetic implants

By application:

By end user:

  • Hospitals and clinics
  • Medical spas and beauty centers

By region:

  • North America (USA, Canada, Mexico)
  • Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia and the Pacific (Japan, China, Australia, India, South Korea, rest of Asia Pacific)
  • LAMEA (Brazil, Saudi Arabia, South Africa, rest of LAMEA)

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  • “Business profile” of key players

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Information about allied market research:

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small enterprises with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused purpose: to provide business insight and consultancy to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industries, including life sciences, consumer goods, materials and chemicals, construction and manufacturing, food and beverage, power and energy, semiconductors and electronics, automotive and transportation, ICT and media, aerospace and defense, and BFSI.

We are in professional corporate relationships with various companies which helps us in extracting market data that helps us generate accurate research data tables and confirms the utmost accuracy of our market forecasts. Allied Market Research CEO Pawan Kumar plays a key role in inspiring and encouraging everyone associated with the company to maintain high quality data and help customers achieve success in every way possible. Each data presented in the reports we publish is obtained based on interviews with top officials from leading companies in a given domain. Our secondary data methodology includes deep online and offline research and discussions with experienced industry professionals and analysts.

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