The latest market research report publication titled Aesthetic Devices Market Size, Share and Trends Analysis by Region, Product, End-user, and Segment Forecast, 2022-2027 has been added to the report store by GlobalData Plc. The aesthetic devices market size was valued at USD 14.11 billion in 2021, as per the aesthetic devices market analysis report. The aesthetic devices market growth will be driven by the increasing awareness regarding aesthetic procedures and the rising popularity of minimally invasive devices. Furthermore, the rise in the geriatric population coupled with the increase in the number of aesthetically sensible patients will also promote the aesthetic devices market growth during the forecast period.
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The surge in medical tourism, COVID-19 Impact, technological advancement, the rise in the focus of people on physical appearance, and the increase in accessibility of aesthetic procedures are some of the prominent aesthetic devices market trends likely to influence the market’s growth during the forecast period. However, stringent regulatory framework & lack of reimbursement coupled with side effects related to aesthetic procedures are anticipated to challenge the market’s growth during the projected period.
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Aesthetic Devices Market Segment Highlights
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Aesthetic Devices Market Vendor Landscape
The aesthetic devices market is likely to witness intensive competition among existing players and emerging start-ups for strengthening their position in the market. Companies are engaging in launching innovative products and devices for retaining dominance in the market. Continuous product expansion and existing product enhancement are observed as the foremost strategic approaches adopted by the key players to maintain and expand their market presence.
Most of the market players are engaging in continuous product launches and approvals. For instance, In November 2022, Cutera, Inc. announced the availability of its new AviClear solution for physicians and practitioners treating patients throughout North America. In April 2021, Alma Lasers Ltd. introduced its new Alma PrimeX platform. This newly launched platform is totally non-invasive indicated for skin tightening and body contouring applications.
Top Aesthetic Devices Market Players:
Other key market players include:
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