Canada Aesthetic Devices Market Size (2024 - 2029)

The Canada Aesthetic Devices Market is anticipated to experience growth over the forecast period, driven by the increasing demand for cosmetic procedures and the resumption of aesthetic surgeries post-pandemic. The market size is influenced by factors such as the rising obesity rates among the Canadian population, which is expected to boost the demand for procedures like lipoplasty. Despite these growth drivers, the market faces challenges due to a poor reimbursement scenario, which may restrain its expansion.

Market Size of Canada Aesthetic Devices Industry

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Canada Aesthetic Devices Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 0.76 Billion
Market Size (2029) USD 1.06 Billion
CAGR (2024 - 2029) 6.80 %

Major Players

Canada Aesthetic Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Canada Aesthetic Devices Market Analysis

The Canada Aesthetic Devices Market size is estimated at USD 0.76 billion in 2024, and is expected to reach USD 1.06 billion by 2029, growing at a CAGR of 6.80% during the forecast period (2024-2029).

The sudden outbreak of COVID-19 in Canada had a significant impact on the aesthetic surgery market in Canada due to the postponement of elective surgeries during the initial stages of the pandemic. According to the article published in Aage Journals published in December 2021, there was a 50% reduction in the volume of plastic and reconstructive surgeries in Ontario, Canada. Such reduction of surgeries in order to prevent the spread of the COVID-19 infection
had a notable impact on the market growth. However, the relaxation of strict regulation during the post-pandemic period leading to the resumption of aesthetic procedures in Canada is expected to contribute to the growth of the market over the forecast period.

The Canadian aesthetic devices market has gained a lot of momentum in recent years due to the increase in cosmetic procedures being performed. As per an NCBI article published in August 2021, a study was conducted with 414 cases, among which 61.1% involved cosmetic procedures. The most common procedures were breast augmentation for 42.7% (108/253), abdominoplasty for 24.5% (62/253), and body contouring for 21.7% (55/253). Thus, the increasing demand for cosmetic procedures is expected to drive the market in the country. With the increasing obese population, the demand for lipoplasty is expected to increase, which in turn is expected to drive the aesthetic device market in Canada.

The growing proportion of the obese population, including youth, adult men, and women, will be the primary driver of the aesthetic device market in Canada. As per the Medscape article published in June 2022, around 27% of Canadian adults are considered obese, and this data increases to over 30% for adults between the ages of 40 and 69 years. The article also mentioned that the obesity rates are higher among older adults. Also, prevalence of obesity was highest in regions like Newfoundland and Labrador. As per an article published by World Population Review-2022, Canada had 29.40% of obese adults in 2021. Thus, the increasing prevalence of the obese population in the country is expected to increase the number of aesthetic procedures, which in turn would boost the market growth.

However, the poor reimbursement scenario is the factor expected to restrain the market growth in the country.

Canada 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 Canada Aesthetic Devices Market is segmented by Device (Energy-based Aesthetic Devices and Non-energy-based Aesthetic Devices), Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Hair Removal, Tattoo Removal, Breast Augmentation, and Other Applications), and End-user (Hospitals, Clinics, and Home Settings). The report offers the value (in USD million) for the above segments.

By Type of Device
Energy-based Aesthetic Device
Laser-based Aesthetic Device
Radiofrequency (RF)-based Aesthetic Device
Light-based Aesthetic Device
Ultrasound Aesthetic Device
Non-energy-based Aesthetic Device
Botulinum Toxin
Dermal Fillers and Aesthetic Threads
Chemical Peels
Microdermabrasion
Implants
Other Non-energy-based Aesthetic Devices
By Application
Skin Resurfacing and Tightening
Body Contouring and Cellulite Reduction
Hair Removal
Tattoo Removal
Breast Augmentation
Other Applications
By End-user
Hospitals
Clinics
Home Settings
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Canada Aesthetic Devices Market Size Summary

The Canadian aesthetic devices market is experiencing a resurgence following the disruptions caused by the COVID-19 pandemic, which had led to a significant reduction in elective surgeries. The market is poised for growth, driven by the increasing demand for cosmetic procedures such as breast augmentation, abdominoplasty, and body contouring. The rising prevalence of obesity among Canadians, particularly in older age groups, is expected to further fuel the demand for lipoplasty and other fat-reduction therapies. Despite challenges such as a poor reimbursement scenario, the market is benefiting from the relaxation of post-pandemic regulations, allowing for the resumption and expansion of aesthetic procedures.

The market is characterized by the presence of major global players, including Allergan PLC, Alma Lasers, and Galderma SA, who are actively contributing to its growth through innovative product launches and approvals. The increasing adoption of breast augmentation procedures, driven by both cosmetic desires and the prevalence of breast cancer, is a significant factor propelling the market forward. Additionally, the growing elderly population in Canada is expected to boost the demand for body contouring and cellulite reduction procedures. Overall, the Canadian aesthetic devices market is set to expand, supported by technological advancements and a rising interest in cosmetic enhancements.

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Canada Aesthetic Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Technological Advancement in Devices

      2. 1.2.2 Increasing Obese Population

      3. 1.2.3 Increasing Awareness Regarding Aesthetic Procedures and Rising Adoption of Minimally Invasive Devices

    3. 1.3 Market Restraints

      1. 1.3.1 Poor Reimbursement Scenario

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value in USD Million)

    1. 2.1 By Type of Device

      1. 2.1.1 Energy-based Aesthetic Device

        1. 2.1.1.1 Laser-based Aesthetic Device

        2. 2.1.1.2 Radiofrequency (RF)-based Aesthetic Device

        3. 2.1.1.3 Light-based Aesthetic Device

        4. 2.1.1.4 Ultrasound Aesthetic Device

      2. 2.1.2 Non-energy-based Aesthetic Device

        1. 2.1.2.1 Botulinum Toxin

        2. 2.1.2.2 Dermal Fillers and Aesthetic Threads

        3. 2.1.2.3 Chemical Peels

        4. 2.1.2.4 Microdermabrasion

        5. 2.1.2.5 Implants

        6. 2.1.2.6 Other Non-energy-based Aesthetic Devices

    2. 2.2 By Application

      1. 2.2.1 Skin Resurfacing and Tightening

      2. 2.2.2 Body Contouring and Cellulite Reduction

      3. 2.2.3 Hair Removal

      4. 2.2.4 Tattoo Removal

      5. 2.2.5 Breast Augmentation

      6. 2.2.6 Other Applications

    3. 2.3 By End-user

      1. 2.3.1 Hospitals

      2. 2.3.2 Clinics

      3. 2.3.3 Home Settings

Canada Aesthetic Devices Market Size FAQs

The Canada Aesthetic Devices Market size is expected to reach USD 0.76 billion in 2024 and grow at a CAGR of 6.80% to reach USD 1.06 billion by 2029.

In 2024, the Canada Aesthetic Devices Market size is expected to reach USD 0.76 billion.

Canada Aesthetic Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)