The Canada Aesthetic Devices is expected to grow at a CAGR during the forecast period ( 2022-2029)
The market is majorly driven by several factors such as the increasing demand for minimally invasive reconstruction surgeries, technological advancement, congenital face and tooth deformities, and awareness about aesthetics appearance.
However, the market growth is constrained by few factors such as risks of malfunctions, the high cost of treatment and low reimbursements.
Increased adoption of minimally invasive surgeries due to the fewer post-surgery complications and side effects and shorter recovery spans have driven innovations and technological developments, bringing about a huge change in the quality and effectiveness of surgeries.
As a result, the number of minimally invasive procedures in dermatological applications has significantly increased lately.
Canadas aesthetic device sector is a highly diversified and export-oriented industry that manufactures equipment and supplies where purchasers include Canadian and international hospitals, physicians offices, laboratories, clinics, as well as patients (through direct purchases).
The aesthetic device sector is populated with companies driven by product innovation.
The industry is able to draw on world-class innovative research being conducted in Canadian universities, research institutes and hospitals, some of which has been spun-off into Canadian medical device companies.
Approximately 10% of Canadas medical device companies have spun off from Canadian research organizations.
The Canada Aesthetic Devices is segmented by product types such as Aesthetic Laser and Energy Devices, Skin Tightening and Body Contouring Devices, Aesthetic Implants, and Facial Aesthetic Devices.
Based on application, the market is segmented into Facial and Body Contouring, Facial & Skin Rejuvenation, Breast Enhancement, Scar Treatment, Congenital Defect Repair, Reconstructive Surgery, Tattoo Removal, and Hair Removal. By Technology, it is segmented into Laser-Based Technology and Energy Based Technology.
The major companies in the Aesthetic Devices market include Cynosure Inc, Syneron Medical Ltd, Valeant Pharmaceuticals International Inc, Lumenis Ltd, Viora Canda Ltd, Alma Lasers, Ltd., SharpLight, Invasix.
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