North America Aesthetic Devices Market Size, Share & COVID-19 Impact Analysis, By Product (Energy-based Devices, Non-energy-based Devices, and Other Devices), By Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Hair and Tattoo Removal, Breast Augmentation, and Others), By End-User (Hospitals, Specialty Clinics, and Others), and Regional Forecast To 2028
The North America aesthetic devices market is experiencing significant growth, driven by the increasing demand for non-invasive cosmetic procedures. With advancements in technology and rising consumer awareness, the market is witnessing a surge in the adoption of aesthetic devices across the region. From laser-based devices to radiofrequency equipment and dermal fillers, the market offers a wide range of solutions for various cosmetic treatments.
According To Research Done By Fortune Business Insights. The North America aesthetic devices market size is projected to grow from USD 5.38 billion in 2021 to USD 10.75 billion in 2028 at a CAGR of 10.4%
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Additionally, factors such as the ageing population, disposable income levels, and changing beauty standards contribute to the market's expansion. Key players in the industry are continuously innovating and launching new products to meet evolving consumer preferences. With the growing emphasis on physical appearance and self-confidence, the North America aesthetic devices market is poised for further growth in the coming years.
Growing demand for innovative aesthetic devices has led to new product launches and advanced products. Thus, medical device companies are spending heavily on R&D to launch innovative technologies in the market to provide high-quality products and services. Additionally, the growing preference for minimally-invasive procedures in North America is anticipated to boost the overall market.
Moreover, the surge in collaborations and acquisitions among the key market players is helping the businesses to proliferate rapidly, thereby increasing their product portfolio and marking the leading position in the market. For instance, in May 2021, Allergan Aesthetics, an AbbVie company, signed an acquisition agreement with Soliton and RESONIC, a Rapid Acoustic Pulse Device. The acquisition helped Allergan expand its body contouring devices portfolio.