Medical Aesthetic Devices Market is Estimated to Witness High Growth Owing to Advancements

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The Global Medical Aesthetic Devices Market is estimated to be valued at USD 18.34 Bn in 2024 and is expected to reach USD 40.99 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.


Key Takeaways

Key players operating in the Medical Aesthetic Devices are AGRANA Beteiligungs AG, Biome Bioplastics Limited, BIOTEC, Cardia Bioplastics, Novamont SpA, Kuraray Co. Ltd (Plantic), Rodenburg Biopolymers, and Wittenburg Group. The companies are largely involved in new product launches and expansion of geographical presence to capitalize on growth opportunities in the market.

The Medical Aesthetic Devices Market Size  industry is witnessing increasing preference for non-invasive procedures that help reduce procedure costs and recovery times. Energy-based treatment systems that leverage technologies like laser, light and radiofrequency are gaining popularity. This has prompted established players and new entrants to invest in developing advanced non-invasive devices with enhanced efficiencies and effectiveness.

Technological advancements like integration of robotics, artificial intelligence, and 3D imaging are allowing development of smart medical aesthetic devices capable of treatments with precision and consistency. AI and robotics are enabling simulation of complex treatments and customization of therapies based on individual requirements. Such innovations are expanding applications and driving adoption of medical aesthetic devices.

Market Drivers
Growing preference for aesthetic treatments: The rising emphasis on physical appearances and self-confidence has increased acceptance of medical aesthetic procedures. This is a key factor behind growing demand for effective aesthetic devices.

Rise in non-invasive procedures: The promise of reduced recovery time, costs and minimal invasiveness ispropelling the popularity of non-invasive treatments using energy-based technologies. This is fueling adoption of advanced non-invasive aesthetic devices.

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