Global aesthetic medical devices market expected to reach $44.60 billion by 2031 due to growth

From GlobeNewswire: 2024-11-26 07:57:00

The global aesthetic medical devices market is experiencing significant growth due to the rise in minimally invasive procedures and skin disorder prevalence. The market is expected to reach US$44.60 billion by 2031, with a CAGR of 11.1%. Consumer awareness about skincare treatments is driving market growth, especially in North America, Europe, and APAC.

Skin disorders like acne are on the rise, with laser treatments and body contouring becoming popular. Medical tourism is booming in countries like Brazil and Mexico. In 2020, Brazil had the second-highest number of cosmetic procedures worldwide. Mexico is attracting patients for procedures like liposuction. The rise in medical tourism is fueling the aesthetic medical devices market growth.

The market is segmented by technology, application, and end-user, with laser-based devices leading in 2023. Companies like Alma Lasers and Venus Concept are key players in the market. Trending topics include AI-driven devices and wearable aesthetic technology. The market is expected to continue growing, driven by demand for personalized treatments and innovations in device safety and effectiveness.

Europe, Asia Pacific, and the Middle East & Africa are expected to see significant growth in the aesthetic medical devices market. The market is segmented by technology, application, and end-user, with laser-based devices and dermatology clinics leading in 2023. Key players in the market include Alma Lasers and Merz Pharma GmbH Co KGaA. Trends like AI-driven devices and telemedicine are shaping the market’s future.



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