Aesthetic devices offer multiple options to enhance one’s aesthetic appearance. The rising obese and geriatric population are the key drivers of the market studied. Increasing awareness also contributes to the strong growth of the market. The market is also expected to witness a growth with the increasing installed bases of aesthetic devices in clinics due to the rapid demand.
- An increase in demand for aesthetic or cosmetic surgeries has been reflected in the changing attitudes toward youth and beauty. Many advanced non-surgical and minimally invasive techniques for performing aesthetic procedures have been developed in the 21st century. Millennials, aged 18 to 30 years, are opting for cosmetic surgeries and procedures, thereby driving the demand in the market studied.
- The Baldan Group, one of Italy’s leading manufacturers and distributors of beauty and aesthetic products, launched its products in the United Kingdom in 2017. The company’s devices include the new T-Shape and HIFU Lab aesthetic systems. The T-Shape combines three different technologies of radiofrequency, infrared, and vacuum. This multi-system drives instant body contouring results, making it an effective solution for fat reduction, cellulite reduction, body remodeling, body reshaping, tightening, and lifting.
Key Market Trends
Hair Removal is Expected to Hold a Significant Market Share in the Application Segment
Unwanted body hair is a problem everyone has faced at some point in their lives. For more than two decades, such people have been turning to several processes of hair removal to help them mitigate this common issue that virtually everyone faces.
Since the introduction of laser light and energy-based devices for the removal of unwanted hair, aesthetic physicians and dermatologists have been able to offer effective treatments to patients that have withstood the test of time, leading to the high growth of the medical aesthetics devices market.
Therefore, with the rising number of surgical procedures performed in the United Kingdom, the market is expected to witness rapid growth.
The existing market players are competing with the new entrants, in terms of sustainability, on various fronts, such as capital requirements, marketing strategies, distribution channels, and the availability of resources. This is leading to numerous acquisitions in the market. On the other hand, some of the major players from the other developed regions are entering the UK market, with advanced technologies and creating a hurdle for the existing regional players. For instance, in 2018, Cutera announced the launch of Secret RF, a device intended for effective wrinkle removal, scar diminishing, and collagen remodeling.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support