Brazil Aesthetic Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.04 Billion |
| Market Size (2029) | USD 1.74 Billion |
| CAGR (2024 - 2029) | 10.88 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Brazil Aesthetic Devices Market Analysis
The Brazil Aesthetic Devices Market size is estimated at USD 1.04 billion in 2024, and is expected to reach USD 1.74 billion by 2029, growing at a CAGR of 10.88% during the forecast period (2024-2029).
COVID-19 impacted Brazilian aesthetic devices adversely due to the restrictions on elective procedures, including aesthetic surgical and non-surgical procedures in the country, and supply chain disruptions of aesthetic devices. However, the market reported growth since the restrictions were lifted in the later phase of the pandemic. For instance, per the International Society of Aesthetic Plastic Surgery (ISAPS) 2021 report, 2,723,640 cosmetic procedures were performed in 2021, which reported a growth of 29% when compared to the previous year with 1,929,359 cosmetic procedures. As the COVID-19 cases were under control, the market was re-gaining its pre-pandemic nature in terms of demand for energy and non-energy-based aesthetic devices. Furthermore, due to the rapidly increasing aging population and increasing obese population, the market was believed to witness significant growth over the forecast period.
According to the International Society of Aesthetic Plastic Surgery (ISAPS) 2021 report, chemical peel accounted for 18,480 procedures, non-surgical skin tightening reported for 44,520 procedures, and cellulite treatment accounted for 38,280 procedures. In addition, as per ISAPS 2021 annual report, Brazil ranked second in the world for the number of aesthetic procedures. Furthermore, according to an article published in July 2022 in the Nature Journal, more than 50% population is overweight. Also, the projected prevalence of obesity is estimated to be 33% for women and 25% for men by 2030 in Brazil. Therefore, the high burden of obesity in the country is projected to boost the demand for various fat-reduction aesthetic procedures, thereby accelerating market growth.
The strategic initiatives by market players also contribute to market growth. For instance, in November 2022, SofwaveMedical Ltd received approval from Brazil's health regulatory agency, ANVISA, for Sofwave'sSUPERB device in Brazil. Sofwavedelivers Synchronous Ultrasound Parallel Beam SUPERB technology reduces fine lines and wrinkles. It lifts the eyebrows, neck, and submental area in a single treatment session, regardless of season, skin type, or skin color.
Therefore, the factors mentioned above, such as the high burden of obesity, rising aesthetic procedures, and strategic initiatives by market players, are expected to boost market growth during the forecast period. However, the side effects of aesthetic procedures are estimated to restrain market growth.
Brazil Aesthetic Devices Market Trends
Botulinum Toxin Segment Accounted for the Largest Share of the Market
Botulinum toxin (BT) is a neurotoxic protein produced by the bacterium Clostridium botulinum. As a result, botulinum toxin in very diluted quantities is utilized for aesthetic and non-cosmetic applications, such as treating frown lines between the brows, facial wrinkles such as horizontal creases on the forehead, lines at the corners of the mouth, and cobblestone skin on the chin. Due to these benefits, many beauty-conscious people opt for botulinum toxin procedures, and new research articles influence the segment's growth.
The increasing number of botulinum toxin treatments in the country is expected to increase the adoption of botulinum toxin in the country. Botulinum toxin treatments are widely available and relatively affordable in Brazil compared to other countries. This accessibility and affordability have made the treatments more accessible to a wider range of people, including those with lower incomes. For instance, according to the International Society of Aesthetic Plastic Surgery 2021 report, the country's total number of botulinum toxin procedures was around 542,520 in 2021. With such high demand and the number of procedures in the country, adopting botulinum toxin is expected to increase over the forecast period.
Furthermore, in March 2022, Allergan Aesthetics, an AbbVie company, joined colleagues and healthcare providers from around the globe for the 20th edition of the Aesthetic and Anti-Aging Medicine World Congress. The meeting marks Allergan Aesthetics' entry into the emerging category of Hybrid Injectables with the launch of HArmonyCa with lidocaine in Brazil and other countries.
Hence, all the factors mentioned above, such as high demand for procedures due to ease of accessibility & affordability, entry of international players, and strategic initiatives by key players, are likely to drive the segment growth during the forecast period.
Laser-based Aesthetic Device Segment is Expected Observe Significant Growth during the Forecast Period
Laser-based aesthetic devices are medical devices that use laser technology to treat various cosmetic and dermatological conditions. These devices emit a specific wavelength of light the targeted tissue absorbs, allowing for precise treatment with minimal damage to surrounding tissue. Some common uses of laser-based aesthetic devices include hair removal, skin rejuvenation, tattoo removal, vascular lesion removal, scar revision, and acne treatment. This is one of the market's oldest and most highly penetrated treatments. The segment is expected to grow as many key players advance their market portfolios. For instance, some of the key players in the market are Cutera, Candela, and Lumenis, among others.
The study published in the Journal of Primary Care Community Health in December 2022 described Acne in about 90 % of teenagers and 12 % to 14% of adults in Brazil. Acne was the second most frequent skin disorder, showing its importance in health care. The study also said that a public Brazilian secondary care center showed acne as the fourth most frequent complaint in dermatologists' offices. Thus, rising in the problem of acne in the Brazilian drive the demand for the acne therapeutics market, thereby increasing the adoption of laser-based aesthetic devices, thus boosting the market growth over the forecast period.
Furthermore, according to the International Society of Aesthetic Plastic Surgery 2021 report, hair removal in Brazil in 2021 was around 3,900, and cellulite treatment was 38,280 in 2021; laser-based aesthetic devices are often used in cellulite treatment. The laser energy can penetrate the deeper layers of the skin and help stimulate collagen production, improve circulation, and break down fat cells. Thus, more treatments related to the abovementioned conditions are expected to increase segmental growth over the forecast period.
Therefore, with the availability of lasers and companies' focus on developing innovative lasers, the segment is expected to grow over the forecast period to provide ease in cosmetic procedures.
Brazil Aesthetic Devices Industry Overview
As per World Health Organization, Brazil is a developing country categorized in the upper middle-income group. As a result, the market is very lucrative, which has resulted in many global players entering the Brazilian market. Allergan PLC, Bausch & Lomb Incorporated, Hologic Inc., Lumenis Inc., and Cutera Inc. are some of the major players in the Brazil Aesthetic Devices Market.
Brazil Aesthetic Devices Market Leaders
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Cutera Inc.
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AbbVie Inc.
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Galderma
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Sisram Medical Ltd (Alma Lasers)
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Merz Pharma GmbH & Co. KGaA
*Disclaimer: Major Players sorted in no particular order
Brazil Aesthetic Devices Market News
- March 2023: ExoCoBio received another GMP Certification for hyaluronic acid (HA) fillers from the Brazilian Food and Drug Health Monitoring Agency (ANVISA). HA fillers are grade 4 medical devices. As per the company's press release, it expects to export HA to South America after product registration/approval in 2023, expanding its growth by 50% per annum over the next 3 years.
- June 2022: GC Aesthetics, Inc. (GCA), a privately-held medical technology company providing Women's Healthcare Aesthetic and Reconstructive Solutions, revealed its growth and expansion plans for the Brazilian market, the second-largest Breast Augmentation market in the world.
Brazil Aesthetic Devices Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Rapidly Increasing Aging Population and Increasing Obese Population
- 4.2.2 Increasing Awareness Regarding Aesthetic Procedures and Rising Adoption of Minimally Invasive Devices
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4.3 Market Restraints
- 4.3.1 Side Effects of Aesthetic Procedures
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
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5.1 Type of Device
- 5.1.1 Energy-based Aesthetic Device
- 5.1.1.1 Laser-based Aesthetic Device
- 5.1.1.2 Radiofrequency (RF)-based Aesthetic Device
- 5.1.1.3 Light-based Aesthetic Device
- 5.1.1.4 Ultrasound Aesthetic Device
- 5.1.2 Non-energy-based Aesthetic Device
- 5.1.2.1 Botulinum Toxin
- 5.1.2.2 Dermal Fillers and Aesthetic Threads
- 5.1.2.3 Chemical Peels
- 5.1.2.4 Microdermabrasion
- 5.1.2.5 Implants
- 5.1.2.6 Other Non-energy-based Aesthetic Devices
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5.2 Application
- 5.2.1 Skin Resurfacing and Tightening
- 5.2.2 Body Contouring and Cellulite Reduction
- 5.2.3 Hair Removal
- 5.2.4 Tattoo Removal
- 5.2.5 Breast Augmentation
- 5.2.6 Other Applications
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5.3 End User
- 5.3.1 Hospitals
- 5.3.2 Clinics
- 5.3.3 Home Settings
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 AbbVie Inc.
- 6.1.2 Sisram Medical Ltd (Alma Lasers)
- 6.1.3 Cutera Inc.
- 6.1.4 Bausch & Lomb Incorporated
- 6.1.5 Galderma
- 6.1.6 Merz Pharma GmbH & Co. KGaA
- 6.1.7 Lumenis Be Ltd.
- 6.1.8 VYDENCE Medical
- 6.1.9 Candela Corporation
- 6.1.10 Venus Concept
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Brazil Aesthetic Devices Industry Segmentation
As per the scope of the report, aesthetic devices refer to all medical devices that are used for various cosmetic procedures, which include plastic surgery, unwanted hair removal, excess fat removal, anti-aging, aesthetic implants, skin tightening, and others, that are used for beautification, correction, and improvement of the body. The Brazil Aesthetic Devices Market is segmented by Type of Device (Energy-based Aesthetic Device, Non-energy-based Aesthetic Device), Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Hair Removal, Tattoo Removal, Breast Augmentation, Other Applications), and End User (Hospitals, Clinics, Home Settings). The report offers the value (in USD million) for the above segments.
| Type of Device | Energy-based Aesthetic Device | Laser-based Aesthetic Device |
| Radiofrequency (RF)-based Aesthetic Device | ||
| Light-based Aesthetic Device | ||
| Ultrasound Aesthetic Device | ||
| Type of Device | Non-energy-based Aesthetic Device | Botulinum Toxin |
| Dermal Fillers and Aesthetic Threads | ||
| Chemical Peels | ||
| Microdermabrasion | ||
| Implants | ||
| Other Non-energy-based Aesthetic Devices | ||
| Application | Skin Resurfacing and Tightening | |
| Body Contouring and Cellulite Reduction | ||
| Hair Removal | ||
| Tattoo Removal | ||
| Breast Augmentation | ||
| Other Applications | ||
| End User | Hospitals | |
| Clinics | ||
| Home Settings |
Brazil Aesthetic Devices Market Research FAQs
How big is the Brazil Aesthetic Devices Market?
The Brazil Aesthetic Devices Market size is expected to reach USD 1.04 billion in 2024 and grow at a CAGR of 10.88% to reach USD 1.74 billion by 2029.
What is the current Brazil Aesthetic Devices Market size?
In 2024, the Brazil Aesthetic Devices Market size is expected to reach USD 1.04 billion.
Who are the key players in Brazil Aesthetic Devices Market?
Cutera Inc., AbbVie Inc., Galderma, Sisram Medical Ltd (Alma Lasers) and Merz Pharma GmbH & Co. KGaA are the major companies operating in the Brazil Aesthetic Devices Market.
What years does this Brazil Aesthetic Devices Market cover, and what was the market size in 2023?
In 2023, the Brazil Aesthetic Devices Market size was estimated at USD 0.94 billion. The report covers the Brazil Aesthetic Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Aesthetic Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Brazil Aesthetic Devices Industry Report
Statistics for the 2024 Brazil Aesthetic Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Aesthetic Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
