Asia-Pacific Aesthetic Devices Market, By Products (Facial Aesthetic Products, Body Contouring Devices, Cosmetic Implants, Skin Aesthetic Devices, Hair Removal Devices, Others), Raw Materials (Polymers, Biomaterials, Metals), End User (Hospitals, Dermatology Clinics, Clinics, Academic and Private Research Institutes, Others), Distribution Channel (Direct Tender, Retail Sales) - Industry Trends and Forecast to 2030.
Asia-Pacific Aesthetic Devices Market Analysis and Size
Asia-Pacific aesthetic devices market is driven by the factors such as, rising geriatric population, increase in the prevalence minimally invasive procedures and growing technological advancements in aesthetic devices which enhance its demand as well as increasing investment in research and development leads to the market growth. Currently, healthcare expenditure has increased across developed and emerging countries that is expected to create a competitive advantage for manufacturers to develop new and innovative aesthetic devices.
Data Bridge Market Research analyzes that the Asia-Pacific aesthetic devices market which was USD 3,150.00 million in 2022, would reach up to USD 8,805.64 million by 2030, and is expected to undergo a CAGR of 12.10% during the forecast period. “Body contouring devices” dominates the products segment of the aesthetic devices market due to the rising demand of fat reduction procedures. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Asia-Pacific Aesthetic Devices Market, By Products (Facial Aesthetic Products, Body Contouring Devices, Cosmetic Implants, Skin Aesthetic Devices, Hair Removal Devices, Others), Raw Materials (Polymers, Biomaterials, Metals), End User (Hospitals, Dermatology Clinics, Clinics, Academic and Private Research Institutes, Others), Distribution Channel (Direct Tender, Retail Sales).
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Countries Covered
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China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific.
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Market Players Covered
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AbbVie Inc. (U.S.), Shanghai Fosun Pharmaceutica(Group)Co., Ltd (China), Bausch Health Companies Inc (Canada), Candela Medical (U.S.), Cutera (U.S.), LUTRONIC INC (South Korea), BTL (Czech Republic), Medytox (South Korea), Lumenis Be Ltd. (Israel), Venus Concept (Canada), Sientra, Inc (U.S.), Merz North America, Inc. (U.S.), GC Aesthetics (Ireland)
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Market Opportunities
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Market Definition
Aesthetic procedures are used for various conditions such as acne, acne scars, wrinkle, dark spots, mole spots, and many other issues. These products can enhance the beauty of the face via reducing facial tanning, discoloration, acne among others. Various facial aesthetic products include dermal fillers, botulinum toxin, microdermabrasion, and chemical peels among others. Moreover, these implants are used to enhance the different parts of the body. Implants include breast implants and facial implants, among others. They are generally made from skin, bone, tissues, metal, plastic, ceramic, and other materials.
Asia-Pacific Aesthetic Devices Market Dynamics
Drivers
- Rapid urbanization
The ongoing trend of urbanization in the Asia-Pacific region is closely tied to lifestyle changes, including increased awareness and accessibility to aesthetic treatments. Urban areas often host a concentration of aesthetic clinics and medspas, making these services more readily available to a growing urban population with higher disposable incomes.
- Rising medical tourism hubs
Certain countries have strategically positioned themselves as medical tourism destinations, offering top-notch aesthetic procedures at competitive prices. The allure of high-quality treatments, often combined with a leisure experience, attracts international patients, contributing significantly to the growth of the aesthetic devices market in these medical tourism hubs.
- Technological advancements in aesthetic devices
The contribution of technological advancements in healthcare and clinical services is being taken out of the confines and made more accessible. Advanced innovative technologies have improved aesthetic treatment for skin and other body parts wherever necessary. Increasing interest has been shown to laser and light based. CO2 and erbium YAG laser systems have been found of great advantage over conventional techniques for skin rejuvenation therapies through resurfacing techniques and other ablative energy based devices.
Opportunities
- Rise in customized solutions
Recognizing the diverse cultural preferences in the Asia-Pacific region, companies have the opportunity to develop and market customized aesthetic solutions. This involves tailoring products and services to align with specific beauty standards, skin types, and aesthetic preferences prevalent in different countries. By understanding and catering to the nuanced demands of various consumer demographics, businesses can enhance customer satisfaction and market acceptance, fostering long-term success.
- Rise in wellness tourism integration with aesthetic procedures
Integrating aesthetic procedures into wellness tourism presents a dual opportunity for businesses. By collaborating with luxury resorts and wellness centers, companies can offer comprehensive packages that not only include aesthetic treatments but also provide a holistic wellness experience. This integration caters to individuals seeking a combination of aesthetic enhancements and rejuvenating, relaxation-focused activities. This trend aligns with the broader shift towards holistic well-being, providing a unique selling proposition for companies operating in the aesthetic devices market.
Restraints/Challenges
- Regulatory hurdles
The aesthetic devices market in the Asia-Pacific region faces challenges related to navigating diverse and evolving regulatory landscapes across different countries. Stringent approval processes and varying compliance requirements can slow down market entry for manufacturers, necessitating a comprehensive understanding of regional regulations and continuous adaptation to changes in the regulatory environment.
- High initial setup costs
The substantial upfront investment required for acquiring and installing advanced aesthetic devices poses a barrier, especially for smaller healthcare providers and clinics. The financial commitment can limit the adoption of cutting-edge technologies, impacting the ability of some establishments to offer a comprehensive range of aesthetic services. This challenge underscores the need for strategic financial planning and investment considerations in the rapidly evolving field of aesthetic medicine.
This aesthetic devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aesthetic devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In January 2021, Candela, a leading Asia-Pacific medical aesthetic device company has announced the availability of the Frax Pro system which is a FDA-cleared, non-ablative fractional device skin resurfacing with both Frax 1550 and the novel Frax 1940 applicators. This helped the company to expand the product portfolio of aesthetics in the market
Asia-Pacific Aesthetic Devices Market Scope
The aesthetic devices market is segmented on the basis of products, raw materials, end users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Products
- Facial Aesthetic Products
- Body Contouring Devices
- Cosmetic Implants
- Skin Aesthetic Devices
- Hair Removal Devices
- Others
Raw Materials
- Polymers
- Biomaterials
- Metals
End-User
- Hospitals
- Dermatology Clinics
- Clinics
- Academic and Private Research Institutes
- Others
Distribution Channel
- Direct Tender
- Retail Sales
Asia-Pacific Aesthetic Devices Market Regional Analysis/Insights
The aesthetic devices market is analysed and market size insights and trends are provided by country, products, raw material, end-user, and distribution channel as referenced above.
China is expected to dominate the market and is expected to grow with a highest CAGR due to higher demand for aesthetic procedures among the people of the nation.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The aesthetic devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Aesthetic devices Market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Aesthetic devices Market. The data is available for historic period 2010-2020.
Competitive Landscape and Asia-Pacific Aesthetic Devices Market Share Analysis
The aesthetic devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aesthetic devices market.
Some of the major players operating in the aesthetic devices market are:
- AbbVie Inc. (U.S.)
- Shanghai Fosun Pharmaceutica(Group)Co., Ltd (China)
- Bausch Health Companies Inc (Canada)
- Candela Medical (U.S.)
- Cutera (U.S.)
- LUTRONIC INC (South Korea)
- BTL (Czech Republic)
- Medytox (South Korea)
- Lumenis Be Ltd. (Israel)
- Venus Concept (Canada)
- Sientra, Inc (U.S.)
- Merz North America, Inc. (U.S.)
- GC Aesthetics (Ireland)
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