26-Apr-2021 | Market Research Store
Findings from Market Research Store report “Aesthetics Equipment Market By Product Type (Laser Skin Resurfacing Devices, Micro-Needling Products, Nonsurgical Skin Tightening Devices, Light Therapy Device, and Others), By Treatment Type (Laser Lipo, Body Contouring, Skin Tightening, Instant Rejuvenation, and Others), By End-User (Medical Spas and Beauty Salons, Hospitals and Aesthetic Clinics, Home Settings): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global demand for aesthetics equipment market in 2019 was approximately USD 1,800 Million. The market is anticipated to grow at a CAGR of 11.7% and is anticipated to reach around USD 3,900 Million by 2026.
The global medical aesthetic devices market is expected to expand as demand for cosmetic procedures grows across the world. Aesthetic equipment is used to treat impairments associated with a person's facial appearance. Skin tightening, facial implants, anti-aging, extra fat removal, unnecessary hair removal, and cosmetic surgery are all surgical procedures that use aesthetic equipment. The aims of these procedures are to improve body features, correct them, and make them more attractive. Face discoloration, liver spots, wrinkles, spider veins, moles, scars, cellulite, excess weight, and skin laxity are only a few of the cosmetic concerns that these devices can assist with. The word "aesthetic procedures" encompasses both surgical and non-surgical cosmetic procedures.
In the last decade, a significant increase in the popularity of minimally invasive and non-invasive cosmetic treatments over traditional surgical procedures has occurred. Reduced pain, scarring, and recovery time are only a few of the advantages of minimally invasive/nonsurgical therapies over traditional surgical procedures. In addition, these treatments are less expensive than conventional surgical techniques. According to the International Society of Aesthetic Plastic Surgery (ISAPS), the number of plastic and cosmetic operations increased by 5.4 percent between 2017 and 2018. Medical aesthetic equipment and procedures have grown in popularity over the last two decades. The demand for aesthetic treatments has grown significantly as a result of a rise in the number of doctors and surgeons providing safe and effective aesthetic services, as well as the launch of technologically advanced products for the same. Medical beauty therapies, on the other hand, have a long list of side effects. Population undergoing aesthetic therapy can experience a variety of risks and complications following or during the procedure. Aesthetics equipment manufacturers have a lot of opportunities in emerging markets like China, Brazil, Mexico, and India. Medical tourism, an increasing adult population (aged 20 and up), rising disposable incomes, and increased knowledge of aesthetic specialties are all driving up demand for aesthetic equipment in these countries. The appearance of a large number of surgeons in these developing countries is also assisting the growth of the aesthetics equipment industry. Negative perceptions of aesthetic procedures, as well as religious and ethical concerns for such aesthetic remedies, such as fillings, augmentations, alterations, and erasures, all lead to the social stigmas surrounding cosmetic procedures (surgical and nonsurgical). While many people undergo some kind of appearance-altering therapy, few of them enjoy talking about it. Others view invasive anti-aging treatments like BOTOX or cosmetic surgery as vain, self-centered, or mentally ill. Despite the fact that there is an increasing focus on the elderly looking younger, cosmetic age concealment may have negative social consequences. The social stigma attached to cosmetic procedures has a negative effect on social acceptance, restricting business growth.
Over the last two decades, the aesthetic equipment industry in North America has developed at a rapid pace. Technological advances in devices, increased awareness of cosmetic procedures, increased acceptance of minimally invasive devices, and a rise in the obese population in the region are all expected to have a positive effect on the market's development. According to the American Society of Plastic Surgeons, 18.1 million cosmetic operations were conducted in 2019, up 2% from 2018, including 1.8 million cosmetic surgical procedures and 16.3 million cosmetic minimally medical treatments. Furthermore, the region's high concentration of global players, as well as subsequent product launches, have a significant impact on market growth. JOLI360, a groundbreaking facial rejuvenation treatment that can measure three skin factors: hydration, elasticity, and sebum, was launched in June 2020 by Essence Group's E.S.I. business. As a result, over the forecast period, the above factors are expected to drive demand in North America.
Browse the full “Aesthetics Equipment Market By Product Type (Laser Skin Resurfacing Devices, Micro-Needling Products, Nonsurgical Skin Tightening Devices, Light Therapy Device, and Others), By Treatment Type (Laser Lipo, Body Contouring, Skin Tightening, Instant Rejuvenation, and Others), and By End-User (Medical Spas and Beauty Salons, Hospitals and Aesthetic Clinics, Home Settings, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.marketresearchstore.com/market-insights/aesthetics-equipment-market-828584
The COVID-19 pandemic has impacted the medical aesthetics industry significantly. The cosmetics and luxury goods industries are struggling with manufacturing and supply chain problems, such as delivering goods to end-users on time and dealing with unequal demand for products and services. The industry is currently undergoing a period of short-term negative development as a result of the lockdown, which can be attributed to factors such as a decrease in product demand from major end customers, which has led to a reduction in operations in most segments, the temporary closure of major facilities, including beauty centers and spas, as well as an interrupted and scattered supply chain, and difficulties in decommissioning.
Some of the key players in the market are MERZ PHARMACEUTICALS, Venus Concept, Allergan, Lumenis, BTL INDUSTRIES, Inc., Cynosure, Cutera, Solta Medical (Valeant Pharmaceuticals), Alma Lasers, Ulthera, Genesis Biosystems, Inc., Implantech, and Others. These international companies have used a range of tactics to achieve a credible presence in the global market, including purchasing relationships, shares, contracts, collaborations, joint ventures, new product launches, purchases, and mergers and acquisitions.
This report segments the aesthetics equipment market as follows:
Global Aesthetics Equipment Market: By Technology Type Segmentation Analysis:
Global Aesthetics Equipment Market: By Treatment Type Segmentation Analysis
Global Aesthetics Equipment Market: By End-User Segmentation Analysis
Global Aesthetics Equipment Market: Regional Segmentation Analysis
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