Cosmetic Surgery Equipments Market Size, Competitive Landscape and Market Forecast - 2029
Global Cosmetic Surgery Equipment Market is segmented By Injectable (Botulinum Toxin, Dermal Fillers), By Surgery Type (Microdermabrasion, Breast Surgery, Laser Hair Removal, Liposuction, Facial Reconstruction, Hair Transplant, Female Genital Cosmetic Surgery), By Equipment (Aspirator Liposuction Instruments, Retractor, Laser Skin Resurfacing, RF Platform, Electrosurgical Instruments, Dissectors, Cannulas), By End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Academy and Research Institutes), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2022-2029
Global Cosmetic Surgery Equipment Market - Overview
The Global Cosmetic Surgery Equipments Market is expected to grow at a CAGR of 10.6% during the forecasting period (2022-2029).
Cosmetic surgery equipment or devices are utilized for cosmetic surgical procedures such as liposuction, laser therapy, hair transplant and facial reconstruction. There are numerous equipment specially developed for the minimally invasive cosmetic procedure including radio frequency platform and electrosurgical systems.
Source: DataM Intelligence Analysis (2021)
Global Cosmetic Surgery Equipment Market Dynamics
The major factors driving the global cosmetic surgery equipment market are the rising demand for cosmetic surgery equipment owing to increasing geriatric population, increasing awareness for looks and shape, growing cosmetic surgical procedures across the globe and advancements in technologies leading to novel product launches.
Growing demand for the cosmetic surgeries increased the popularity of procedures like laser treatments, liposuction, reshaping, implants, lifts and tucks are expected to drive the market’s growth.
The cosmetic surgery equipment market is driven by increasing consciousness on fitness and structure, rising advancements in technology, growing demand for the cosmetic surgeries increased the popularity of procedures like laser treatments, liposuction, reshaping, implants, lifts, tucks, etc., a surge in research and development investments and improvements in novel products using the latest technology along with improvements in medical infrastructure in emerging markets.
The cosmetic surgery equipment is being used widely for surgeries like face reconstruction, laser hair removal and liposuction. The adoption of the equipment is increasing, leading to rising expenditure on cosmetic procedures. These funds will help produces various equipment for the cosmetic surgical procedure like aspirator liposuction instrument, retractor, RF platform and electrosurgical instrument. The market for these equipment is increasing worldwide due to the enhanced number of consciousness among people regarding their looks and shape. Moreover, the availability of technologically advanced products by key players is also expected to play a vital role in the market’s growth.
Various novel product launches, research studies, and rising awareness initiatives related to the cosmetic surgery equipment contribute to the market’s growth. For instance, in March 8, 2021, Solta Medical, a business of Bausch Health Companies Inc., a medical aesthetics provider announced its next generation laser, Clear + Brilliant Touch laser in the U.S. launch. The Clear + Brilliant Touch laser provides a comprehensive and customized treatment protocol by offering patients of all skin types and ages the benefits of two wavelengths.
Expensive treatments and risks associated with the cosmetic surgery equipment are expected to hamper the market’s growth.
However, the expensive and requirement of repeated sessions for treatments is restraining the market growth. Strict rules and regulations for the approval of equipment required for cosmetic surgical procedure is the major factor hindering the growth of the cosmetic surgery equipment market.
The risk associated with RF equipment is the capability for burns by the thermal heating effect for person exposed to high doses. RF radiation if absorbed in large amounts by the body, it can generate heat which leads to burns and tissue damage.
COVID-19 Impact Analysis
The pandemic has negatively impacted global financial expectations, operations and crisis response strategy. The COVID-19 outbreak has severely impacted the healthcare industry. The cosmetic surgery equipment market has experienced huge losses due to COVID. Key manufacturers have started various research and clinical trials. Various initiatives, product launches, collaborations and mergers are happening worldwide, boosting the market’s growth. For instance, in March 2, 2021, Iridex Corporation, an innovative ophthalmic laser-based medical products provider for the treatment of retinal diseases and glaucoma, announced its strategic collaboration with Topcon Corporation. Iridex acquires PASCAL product line of Topcon, combining PASCAL laser platform with MicroPulse technology of Iridex.
Global Cosmetic Surgery Equipment Market - Segment Analysis
The RF platform segment is expected to grow at the fastest CAGR during the forecast period (2022-2029)
The RF platform segment is the highest market holder in the global cosmetic surgery equipment market. The global cosmetic surgery equipment market is segmented based on equipment as aspirator liposuction instruments, retractor, laser skin resurfacing, RF platform, electrosurgical instruments, dissectors, cannulas and others. The RF platform segment is the largest market shareholder due to its increasing utilization during the cosmetic surgery procedures globally, increasing technological advancements and novel product launches.
RF platform is a technology which is expandable that provides the capability to execute aesthetic surgical and non-surgical applications. The RF equipment along with innovative handpiece is utilized for reducing wrinkles and skin tightening. This is the most modern technique utilized in skin sagging and anti-aging treatments, wrinkles softening and skin laxity reduction. RF platform is a non-invasive treatment, as no cut is required on the skin to perform this procedure and it utilizes mono-polar radio frequency energy.
The growing number of regulatory approvals, technological advancements, product launches, and research/clinical trial studies drives the market’s growth. For instance, in February 3, 2022, Sinclair, an aesthetics company and a subsidiary of Huadong Medicine Company Limited announced about acquiring Viora Group which boost its portfolio of energy-based devices (EBD) and provide a commercial base in the United States. Viora’s non-invasive advanced products are the highly advanced devices incorporating IPL, laser and proprietary RF technologies.
Source: DataM Intelligence Analysis (2021)
Global Cosmetic Surgery Equipment Market - Geographical Analysis
North America holds the largest market share in the global cosmetic surgery equipment market.
North America dominates the global cosmetic surgery equipment market primarily due to its large population, excellent medical infrastructure, and high-income levels. The market is expected to grow at a relatively high pace during the forecast period due to healthcare expenditure in the US. The market’s significant size is attributed to the high medical expenditure.
Increasing expenditure on healthcare and raising awareness among people is also contributing to the market’s growth in this region. Advancement of cosmetic surgeries such as liposuction, breast surgery, laser hair removal or facial reconstruction, increase in pharmaceutical establishment across the region and government approvals, and the presence of key players in the region are contributing to the growth of the cosmetic surgery equipment market.
Moreover, the growing number of product launches is responsible for the market’s growth. Many key developments, technological advancements, collaborations, and agreements are taking place in this region. For instance, in January 26, 2021, Allergan Aesthetics, an AbbVie company launched its next generation fat reduction system CoolSculpting Elite, with applicators developed to complement the natural curves of the body. CoolSculpting Elite applying proven CoolSculpting technology for treated fat cells targeting, freezing, and elimination. CoolSculpting Elite system is FDA cleared and is utilized for visible fat bulges treatment in nine body areas including the abdomen, thigh, flank, back fat, bra fat, upper arm, underneath the buttocks and the submandibular and submental areas.
Source: DataM Intelligence Analysis (2021)
Global Cosmetic Surgery Equipment Market - Competitive Landscape
The cosmetic surgery equipment market is moderately competitive with local and global companies’ presence. Allergan (AbbVie), Candela Corporation, Lumenis Be Ltd., Mentor, Johnson & Johnson Medtech, Cynosure, Cutera, Iridex Corporation, Solta Medical (Bausch Health), Dermamed Pharmaceutical, Sinclair and more. The key players are adopting various growth strategies such as product launches, mergers & acquisitions, partnerships, and collaborations, contributing to the market’s growth. For instance, in May 12, 2022, Sinclair, an aesthetics company and a subsidiary of Huadong Medicine Company Limited announced about its exclusive product license and global distribution agreement with EMA Aesthetics Limited for Préime DermaFacial for all territories outside Germany and the UK.
Allergan (AbbVie)
Overview: Allergan plc is a pharmaceutical company which develops, produce and commercialize drugs and medical devices for medical aesthetics, gastroenterology, eye care and central nervous system. This company is a maker of Botox.
Product Portfolio:
CoolTone Device: CoolTone technology directly penetrates into the layers of muscle and generates involuntary muscle contractions using magnetic muscle stimulation for strengthening and toning of abdomen, thighs and buttock.
The global cosmetic surgery equipment market report would provide access to approx.: 45+market data table, 40+figures and 200 (approximate) pages