The Medical Aesthetics Market in North America is expected to grow from US$ 2,512.24 million in 2021 to US$ 5,823.87 million by 2028; it is estimated to grow at a CAGR of 12.8% from 2021 to 2028. Technological advancements associated with medical aesthetic devices; all medical devices used for various cosmetic procedures, including plastic surgery, unwanted hair removal, excess fat removal, anti-aging, aesthetic implants, skin tightening, etc., are categorized under the medical aesthetic products umbrella. Technological advancements in devices, increasing awareness about aesthetic procedures, growing acceptance of minimally invasive devices, and surge in obese population are the main forces boosting the medical aesthetics market growth.
The List of Companies – North America Medical Aesthetics Market
- Allergan Plc
- Alma Lasers
- Cutera Inc
- Galderma
- Hologic, Inc.
- Mentor Worldwide, LLC
- Sientra
- Solta Medical
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By Product
- Facial Aesthetic Products
- Cosmetic Implants
- Body Contouring Devices
- Skin Aesthetic Devices
- Hair Removal Devices
- Tattoo Removal Devices
By Application
- Facial and Body Contouring
- Facial and Skin Rejuvenation
- Breast Augmentation
- Hair Removal
- Reconstructive Surgery
- Tattoo Removal
By End User
- Hospitals
- Dermatology Clinics
- Medical Spas and Beauty Centers
- Home Care
The medical aesthetics market is experiencing significant growth, driven by increased accessibility to information through high-speed internet and social media, which has raised public awareness of aesthetic procedures. This heightened awareness, coupled with advancements in technology, is fueling demand for medical aesthetic devices.
Technological Advancements and Their Impact:
- Plasma Skin Regeneration (PSR) Technology:
- PSR shows promise as a regenerative modality in dermatology, treating conditions like facial wrinkles, keratoses, and acne scars.
- Studies indicate varying degrees of improvement, with notable results in acne scar reduction and potential for periorbital rejuvenation.
- Its application extends to rejuvenating skin on the chest, neck, and hands, and treating traumatic scars and other dermatological conditions.
- Understanding the physics and histopathological aspects of plasma is crucial for maximizing its potential.
- Laser and Light-Based Technologies:
- New laser resurfacing techniques offer advantages over traditional ablative lasers, with non-ablative and fractional lasers providing lower complication rates and shorter recovery times.
- Combination devices integrating ablative and fractional technologies are delivering remarkable results.
- These laser advancements are a key driver of skin rejuvenation therapies.
Market Dynamics and Regional Analysis (North America):
- United States:
- The US holds the largest share of the North American medical aesthetics market.
- Factors contributing to this dominance include the rising number of aesthetic procedures, particularly minimally and non-invasive ones, and ongoing technological advancements.
- Data from the American Society for Aesthetic Plastic Surgery (ASAPS) demonstrates a significant increase in aesthetic procedures over the past decade.
- The market is driven by the development of non-invasive medical aesthetic devices.
- Canada:
- The Canadian market is experiencing growth due to strategic investments by international players, an increasing number of aesthetic clinics, and a growing medical device sector.
- Mexico:
- Mexico is the fastest-growing market in North America, driven by the expanding medical tourism and domestic aesthetic markets.
Impact of COVID-19:
- The COVID-19 pandemic has significantly impacted the medical aesthetics market.
- Healthcare resources have been diverted from research and development to primary care, slowing innovation.
- Organizations like the American Society of Plastic Surgeons (ASPS) have urged the suspension of elective and non-essential cosmetic and laser surgeries.
- The pandemic has created challenges for cosmetic surgeons and their teams.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
