Aesthetic Equipment Market Estimated to Record Highest CAGR by 2028
Posted by Shabina on April 26th, 2021
The term aesthetic means beauty or pleasing appearance and the term is derived from the Greek word aesthetics which means esthetic (sentient and sense). Increasing demand and consciousness regarding aesthetic equipment across the elderly population of the globe is one of the major factors driving the increasing demand for aesthetic devices which are to be utilized especially in aesthetic procedures. Moreover, some of the other key aesthetic procedures involve body lift, liposuction, bra line back lift, hair replacement, thigh lift, skin rejuvenation, breast augmentation, eyelid surgery, tummy tuck, chin surgery, face lift surgery and brow lifts and are thus gaining wide range of preference around the world. Aesthetic procedures are usually performed to improvise the self-esteem of personnel and their appearance.
Rising consciousness regarding aesthetic equipment market which involve minimally invasive techniques is one of the major factors fueling the growth of the global aesthetic equipment market during the forecast period. In addition to this, increasing growth especially in the advances in technology along with rising number of cases of obesity is evolving innovation in devices thus fueling the growth of the global aesthetic equipment market. Furthermore, rapid increase in demand for aesthetic medical technologies across youngsters is anticipated to bolster the growth of the global aesthetic equipment market.
The global aesthetic equipment market can be classified on the basic of procedure, product type, end-use industry and region. By product type, the market can be classified into aesthetic implants, aesthetic lasers, energy devices and facial aesthetics. The market be further segmented into laser resurfacing devices (non- ablative skin resurfacing devices, ablative skin resurfacing devices), body contouring devices (water jet assisted liposuction devices, ultrasound assisted liposuction devices, laser assisted liposuction devices, other liposuction devices), RF-assisted liposuction devices, non-surgical fat reduction devices (cryolipolysis devices, laser-based devices, ultrasound based devices, RF-based devices), non-surgical skin tightening devices (RF-based devices, laser based devices, ultrasound based devices), cellulite reduction devices (lipo massage devices, energy based cellulite reduction devices, mesotherapy devices),laser hair removal, aesthetic ophthalmology devices aesthetic implants (breast implants, saline breast implants, silicone breast implants and cohesive semi-solid gel implants,), facial aesthetics, other implants, dermal fillers, botulinum toxin, microderm abrasion and chemical peel.
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Based on procedure, the global aesthetic equipment market can be segmented into reconstructive procedure and cosmetic procedure (minimally-invasive procedure and surgical procedure). Based on end-user, the global aesthetic equipment market can be segmented into beauty/clininc center (reconstructive treatment and cosmetic treatment) and home settings. On the basis of region, the global aesthetic equipment market can be classified into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The robust demand especially in the Asia Pacific region is expected to be one of the key driving factors for the overall growth of the global market. Furthermore, China is further projected to account for the highest share in the global market and is expected to maintain its lead in the overall demand during the forecast period. This can be attributed to fast industrialization and raising urbanization during the past few years. The markets in various other developing economies such as Poland, Russia, Brazil, Indonesia, Argentina, New Zealand, Korea and India among others are also expected to witness a rapid growth throughout the forecast period. Moreover, increasing per capita disposable income and surge in the global economy is another key factor
Key players operating in the global market are focused on some of the major market strategies such as collaborations, partnerships, mergers, and acquisitions in order to keep hold in the ever competitive global market. Furthermore, they are focusing on gaining hold on the local players to strengthen their goodwill as well as to enhance their market reach in the global market. Key players involved in the manufacture and supply of aesthetic equipment include ZELTIQ Aesthetics, Inc., Syneron Medical Ltd., Inc., Alma Laser, PhotoMedex, Inc., Galderma S.A., Solta Medical, Allergan, Inc., Lumenis Ltd, Merz Aesthetics, Inc., Cynosure, olta Medical, Inc. Mentor Corporation and Johnson and Johnson among others.
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