Non-energy Based Aesthetic Devices Market Analysis

Non-energy Based Aesthetic Devices Market Analysis

Based on product, the non-energy based aesthetic devices market is segmented into botulinum toxin, dermal fillers, implants, and others. The implants segment is further subdivided into facial implants, breast implants, and other implants. The dermal filler segment witnessed the largest revenue size at USD 3.2 billion in 2022. Expanding medical tourism for cosmetic procedures will spur the dermal filler industry growth over the forthcoming period. Cosmetic tourism is a growing sector majorly due to low-cost treatment. The average annual growth rate of medical tourism sector is around 20% of which the aesthetic industry holds a substantial portion of the market.
 

Moreover, improving healthcare infrastructure will support dermal filler growth in the forthcoming years. A significant increase in the number of facilities such as medical spas, clinics, and rejuvenation centers was witnessed in the recent years. Numerous facilities such as clinics, beauty centers, medical spas and other facilities are introducing various non-invasive treatments will positively influence the market growth over the estimated period. Furthermore, an increasing availability of dermatology devices along with various other businesses working towards creating novel technology will support the segment revenue.
 

Non-energy based aesthetic devices market is bifurcated based on the gender into male and female. The male segment is further subdivided into 18 years and below, 19-34 years, 35-50 years, 51-64 years, 65 years and above. The female segment is further bifurcated into 18 years and below, 19-34 years, 35-50 years, 51-64 years, 65 years and above. The female segment dominated the market and is anticipated to reach at USD 28.8 billion by 2032 due to an increasing adoption of aesthetic procedures. Further, technological advancements in the non-invasive fat reduction procedures will further accelerate the market trends.
 

The non-energy based aesthetic devices market is segmented by end-use into hospitals, ambulatory surgical centers, specialty centers, beauty centers and medical spas, dermatology clinics, and home settings. Hospitals segment accounting for more than 32% market share in 2022 owing to availability of advanced and expensive professional devices as well as well-developed healthcare facilities. Additionally, easy availability of dermatology diagnostic devices for detection of skin disorders is anticipated to propel industry expansion. Increasing patient affordability due to growing disposable income will upsurge the demand for advanced aesthetic procedures in hospitals.
 

U.S. non-energy based aesthetic devices market accounted for USD 6.1 billion in 2022 and will grow momentously by 2032. The affordability of aesthetic procedures among the target population base and ongoing technological developments are primarily responsible for the growth of the U.S. market size. Further, the region's high healthcare spending on health care management and rising disposable income will propel the regional market share. Also, the substantial presence of well-established market participants and the favourable regulatory environment result in a number of product approvals and launches, particularly in the U.S.