North America Medical Aesthetic Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

North America Medical Aesthetic Devices Market Analysis

The North America Medical Aesthetic Devices Market is expected to register a CAGR of 7.8% over the forecast period

COVID-19 pandemic has had a substantial impact on the North America medical aesthetic devices market initially. For instance, an article published in the Journal of Clinics in Dermatology in June 2021 indicated that various procedures, such as deep peeling and laser treatments, were avoided during the COVID-19 pandemic because of the disruptions in the skin barrier. Also, the procedures, such as high-intensity focused ultrasound, fractional radiofrequency, and cryolipolysis equipped with stainless steel, gold, or plastic handpieces and probes, were postponed due to the risk of contamination. However, aesthetic devices that consumers could use in their homes increased after the COVID-19 pandemic. According to an article published in the International Journal of Trichology in February 2022, home-based aesthetic devices have increased in recent years. They became more relevant during the COVID-19 pandemic, as more patients were hesitant to visit clinics for non-emergency reasons. Thus, the COVID-19 outbreak affected the market's growth adversely in its preliminary phase; however, the market is expected to gain traction due to the significant increase in the use of medical aesthetic devices globally.

Further, the rapidly increasing aging population, increasing obese population and increasing awareness regarding aesthetic procedures and rising adoption of minimally invasive devices are among the major factors driving the growth of the studied market. For instance, in July 2021, Allergan received the US FDA approval of a label expansion of BOTOX to include eight new muscles for the treatment of upper limb spasticity in adults. The new muscles for treatment include additional muscles of the elbow and forearm (brachialis, brachioradialis, pronator teres, and pronator quadratus). Thereby, the approval for minimal invasive procedures is elevating the need for minimally invasive devices, hence this is going to promote the market growth.

Additionally, according to the U.S. Census Bureau, in 2022, it has been stated that more than 56 million adults ages 65 and older live in the United States, accounting for about 16.9% of the nation's population, and by 2030 it is projected that there will be more than 73.1 million older adults. Thereby, such factors are going to elevate the need for cosmetic surgeries and various other procedures which will help a individual look younger, thereby this is going to elevate the growth of the market.

Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period. However, the side effects of the aesthetic devices and poor reimbursement scenario help to restrain the overall market growth.

North America Medical Aesthetic Devices Market Trends

Botulinum Toxin Segment is Expected to Register High Growth During the Forecast Period

North America Medical Aesthetic Devices Industry Segmentation

As per the scope of the report, aesthetic devices refer to all medical devices that are used for various cosmetic procedures, which include plastic surgery, unwanted hair removal, excess fat removal, anti-aging, aesthetic implants, skin tightening, and others, that are used for beautification, correction, and improvement of the body. The North America medical aesthetic devices market is segmented by Type of Device (Energy-based Aesthetic Device (Laser-based Aesthetic Device, Radiofrequency (RF) Based Aesthetic Device, Light-based Aesthetic Device, and Ultrasound Aesthetic Device) and Non-energy-based Aesthetic Device (Botulinum Toxin, Dermal Fillers and Aesthetic Threads, Microdermabrasion, Implants, and Other Aesthetic devices)), Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Hair Removal, Facial Aesthetic Procedures, Breast Augmentation, and Other Applications), End-User (Hospitals, Clinics, and Home Settings), and Geography (United States, Canada, and Mexico).