Market Size of China Aesthetic Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 1.58 Billion |
Market Size (2029) | USD 2.72 Billion |
CAGR (2024 - 2029) | 11.40 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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China Aesthetic Devices Market Analysis
The China Aesthetic Devices Market size is estimated at USD 1.58 billion in 2024, and is expected to reach USD 2.72 billion by 2029, growing at a CAGR of 11.40% during the forecast period (2024-2029).
As the severity of the COVID-19 pandemic increased, the safety of ablative resurfacing lasers, micro-needling, and dermatological surgery procedures became questionable. Additionally, a slowing economy and reduced discretionary spending discouraged customers from undergoing expensive cosmetic treatments, which imposed practical restrictions on the market. Mobile messaging and video consultations play a key role in maintaining continuity in aesthetic and dermatological practices. Teledermatology has certainly been a great strength for dermatologists and cosmetic practitioners alike.
Certain factors driving the market growth include the growing obese population, increasing awareness regarding aesthetic procedures, rising adoption of minimally invasive devices, and technological advancements in devices.
According to the article, 'Forecasting the Populations of Overweight and Obese Chinese Adults,' published by the National Institute of Health 2020, the prevalence rate of the obese population in China is estimated to increase for both sexes across geographic areas by 2030. According to the same source, by 2030, approximately 50.7% of urban males will be affected by obesity, and the overweight population (aged between 20-89 years) in China is estimated to reach 540 million.
Additionally, the Chinese population has high levels of interest in undergoing aesthetic procedures in a bid to look beautiful. This was evident in a survey conducted in 2019 by Shanghai Jiao Tong University, Shanghai, China. Conducted on 596 Chinese aesthetic practitioners, this survey found that Chinese aesthetic practitioners preferred a straight and small nose, a heart/inverted triangular facial shape with a reduced lower face height, as well as lips that are full medially and taper off laterally with well-defined borders and Cupid's bow.
New technologies are being developed and introduced into the market, including laser, dynamic pulse control, radiofrequency, and infrared technologies for cosmetic procedures. For instance, in October 2020, TensCare, the UK-based startup, entered the Chinese market through a partnership with Alibaba Group's TMall Global. TensCare is a beauty brand that offers aesthetic devices such as nail cleaning laser devices. Thus, all these developments in the market, along with the high demand for aesthetic procedures in China, are the factors anticipated to propel market growth over the forecast period.
China Aesthetic Devices Industry Segmentation
The scope of the Chinese aesthetic devices market includes all kinds of medical devices that are used for various cosmetic procedures. These procedures include plastic surgery, hair removal, excess fat removal, anti-aging, aesthetic implants, skin tightening, etc., that are aimed at beautification, alteration, and enhancement of the body. The Chinese aesthetic devices market is segmented by product (energy-based aesthetic device (laser-based aesthetic device, radiofrequency (RF) based aesthetic device, light-based aesthetic device, ultrasound aesthetic device), non-energy based aesthetic devices (botulinum toxin, dermal fillers and aesthetic threads, microdermabrasion, and implants), and other products), application (skin resurfacing and tightening, body contouring and cellulite reduction, hair removal, facial aesthetic procedures, breast augmentation, and other applications), and end user (hospitals, clinics and beauty centers, and home settings). The report offers the value (in USD million) for the above segments.
By Product | |||||||||||
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By Application | |
Skin Resurfacing and Tightening | |
Body Contouring and Cellulite Reduction | |
Hair Removal | |
Facial Aesthetic Procedures | |
Breast Augmentation | |
Other Applications |
By End User | |
Hospitals | |
Clinics and Beauty Centers | |
Home Settings |
China Aesthetic Devices Market Size Summary
The Chinese aesthetic devices market is experiencing significant growth, driven by increasing awareness and interest in aesthetic procedures among the population. The market is characterized by the rising adoption of minimally invasive devices and technological advancements, such as laser and radiofrequency technologies. The demand for aesthetic procedures is further fueled by the growing obese population and the desire to look younger, particularly among the geriatric demographic. The market has also seen the introduction of new products and technologies, such as dermal fillers and aesthetic threads, which have gained popularity due to their effectiveness in enhancing facial appearance. The COVID-19 pandemic initially posed challenges, but the integration of teledermatology and virtual consultations helped maintain continuity in aesthetic practices.
The competitive landscape of the Chinese aesthetic devices market has evolved, with numerous strategic partnerships, product launches, and clinical trials contributing to its dynamic nature. Companies like TensCare and Aesthetic Medical International Holdings Group Limited have entered the market with innovative products, while collaborations such as that between Vitalorga and the Changzhou Institute of Medical Materials have enhanced local production capabilities. Regulatory developments, like the China CosIng database, have also played a role in shaping the market by providing essential information on cosmetic ingredients. These factors, combined with the high demand for aesthetic procedures, are expected to drive the market's growth over the forecast period.
China Aesthetic Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Obese Population
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1.2.2 Increasing Awareness Regarding Aesthetic Procedures and Rising Adoption of Minimally Invasive Devices
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1.2.3 Technological Advancements in Devices
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1.3 Market Restraints
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1.3.1 Side Effects Associated With Cosmetic Procedures
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1.3.2 Poor Reimbursement Scenario
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Product
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2.1.1 Energy-based Aesthetic Device
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2.1.1.1 Laser-based Aesthetic Device
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2.1.1.2 Radiofrequency (RF) Based Aesthetic Device
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2.1.1.3 Light-based Aesthetic Device
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2.1.1.4 Ultrasound Aesthetic Device
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2.1.2 Non-energy Based Aesthetic Device
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2.1.2.1 Botulinum Toxin
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2.1.2.2 Dermal Fillers and Aesthetic Threads
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2.1.2.3 Microdermabrasion
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2.1.2.4 Implants
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2.1.2.4.1 Facial Implants
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2.1.2.4.2 Breast Implants
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2.1.2.4.3 Other Implants
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2.1.2.5 Other Products
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2.2 By Application
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2.2.1 Skin Resurfacing and Tightening
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2.2.2 Body Contouring and Cellulite Reduction
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2.2.3 Hair Removal
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2.2.4 Facial Aesthetic Procedures
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2.2.5 Breast Augmentation
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2.2.6 Other Applications
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2.3 By End User
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2.3.1 Hospitals
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2.3.2 Clinics and Beauty Centers
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2.3.3 Home Settings
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China Aesthetic Devices Market Size FAQs
How big is the China Aesthetic Devices Market?
The China Aesthetic Devices Market size is expected to reach USD 1.58 billion in 2024 and grow at a CAGR of 11.40% to reach USD 2.72 billion by 2029.
What is the current China Aesthetic Devices Market size?
In 2024, the China Aesthetic Devices Market size is expected to reach USD 1.58 billion.