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Growth Opportunities For Medical Aesthetic Device Manufacturers

Medical aesthetic device manufacturers can get started by learning more about the untapped potential opportunities.
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What are the growth opportunities for medical aesthetic device manufacturers? While medical aesthetic devices are safe and effective, their manufacturing processes are complex. Several steps are involved in producing these devices, and each one requires careful monitoring and quality control measures to ensure safety and effectiveness.

Manufacturing aesthetic devices involve multiple steps for product design and development, and every detail must be monitored and controlled to ensure quality control, safety, and effectiveness. ARRK can assist you with rapid prototyping to build your prototype, have everything planned out for launch, or make adjustments to upgrade your market demands.

Growth opportunities for aesthetic device companies

Factors driving the growth of the medical aesthetic devices market include technological advancements and the growing demand for cosmetic procedures.

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1.- North America dominates the global medical aesthetic device market due to its consumer base and advanced technologies. The increasing number of surgeries performed across the globe is likely to drive the growth of the global medical aesthetics device industry. Moreover, factors such as increasing focus on aesthetic surgery services and technological advancement in the field of laser treatments are further fueling the growth of the medical aesthetics devices market in North America.

2.- The global surgical lasers market accounted for the largest share; however, the segment is projected to witness a slow growth rate over the forecast period. Growing preference for minimally invasive surgeries coupled with the launch of technologically advanced products is expected to propel the growth of the global surgical lasers market over the forecast period, especially in countries such as the United States, Germany, and France.

Furthermore, increasing awareness regarding various surgical lasers and their effectiveness in treating several conditions such as acne and scarring is expected to fuel the market’s growth over the forecast period in developing regions, including Asia Pacific (APAC) and Latin America.

3.- The lasers & photo-therapy segment is expected to account for the fastest growth rate over the forecasted period. Lasers have been widely adopted for hair removal, tattooing, wrinkle reduction, and scar therapy, increasing the segment’s growth. In addition, these noninvasive therapies do not require anesthesia, allowing for quick recovery time, minimal side effects, and low risk of infection.

4.- The dermatology segment dominated the global medical aesthetics devices market, owing to an increasing patient pool suffering from skin disorders. According to the World Health Organization, around 462 million people worldwide suffer from chronic illnesses, out of which nearly 20 million were diagnosed with skin cancers in 2021 alone. These figures are expected to rise significantly over the coming years, thus leading to increased demand for medical aesthetic devices such as dermabrasion machines and lasers.

5.- The dermabrasion machine segment is projected to dominate the global medical aesthetics devices industry over the forecast period. Skin exfoliation using abrasive particles causes micro-scratches on the skin’s surface, thus the demand for such dermabrasion machines.

Ensure the quality of your medical device production

The medical aesthetic devices industry has seen explosive growth over the past decade and is expected to continue growing throughout 2022. According to ABI Research, the global medical aesthetics device market was valued at $1.7 billion in 2017 and is projected to reach $10.8 billion by 2023. This represents a compound annual growth rate (CAGR) of 18%.

Partner with ARRK for your product design and development in the medical aesthetics market. We have vast and fruitful experience working with medical device companies. We help them create innovative products with services such as selective laser sintering, prototype mechanical design model, and low volume injection molding, to mention a few.

Begin Your Journey with Expert Support

If you’ve got your design files at the ready and are eager to see your ideas materialize, you’re in the perfect spot!
Ready to take the first step but unsure about the details? Get in touch with us for a seamless start to your project’s journey.