India Aesthetic Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 1.62 Billion |
| Market Size (2029) | USD 3.02 Billion |
| CAGR (2024 - 2029) | 13.28 % |
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?
India Aesthetic Devices Market Analysis
The India Medical Aesthetic Devices Market size is estimated at USD 1.62 billion in 2024, and is expected to reach USD 3.02 billion by 2029, growing at a CAGR of 13.28% during the forecast period (2024-2029).
According to the study published in the European Journal of Plastic Surgery, titled 'Evolution of aesthetic surgery in India, current practice scenario, and anticipated post-COVID-19 changes: a survey-based analysis' in August 2020, the corona pandemic has had a significant impact on this increasing growth curve of aesthetic surgery and medical tourism over the last decade in India due to lockdowns, and demand will take time to recover. Furthermore, according to the same source, the post-COVID period necessitates the application of safety protocols, as well as modifications in set-up, limiting patient traffic, participating in distance learning via virtual conferences, and preserving the healthy lifestyle gained during the lockdown. Therefore, the market has been significantly impacted due to the pandemic in India.
In India, the medical aesthetic industry is registering rapid growth, mostly across the metropolitan cities in several states of the country. The major factors driving this industry are the rising adoption of aesthetic procedures, new technologies, and the need for beauty enhancement procedures. The other factors include the influx of competition, business, and investment from domestic companies and the international players seeking a large customer base. For instance, according to the International Society of Aesthetic Plastic Surgery Report 2020, the total number of aesthetic procedures in 2020 was 524,064, including 255,528 surgical and 268,526 non-surgical procedures. A large number of aesthetic procedures in India will demand more aesthetic devices, thereby driving market growth.
Furthermore, in December 2020, Alma, one of the top five global leaders in energy-based medical and aesthetics solutions, launched the PROFHILO, a well-known European skin-remodeling brand, in India, providing a breakthrough in skin anti-aging.
Therefore, the rising adoption of aesthetic procedures, and rising aesthetic services in India, among others, are the factors expected to drive the growth of the medical aesthetic devices market in India.
On the other side, the high cost of aesthetic devices and social stigma, and ethical concerns in India have expected to restrain the market growth.
India Aesthetic Devices Market Trends
This section covers the major market trends shaping the India Medical Aesthetic Devices Market according to our research experts:
Body Contouring and Cellulite Reduction is Expected to Hold a Significant Share During the forecast period.
With the advent of minimally invasive procedures, body contouring and cellulite reduction devices also observed significant technological advancements in recent years. Body contouring is a series of treatments in which laser technology is used to increase collagen production and decrease the appearance of cellulite. It also reduces overall volume and tightens loose skin.
Recently in India, the demand for this procedure has increased with increasing obesity in the country. As per a February 2020 report by Shammi Luhar et al., published in PLoS One Journal, the prevalence of obesity has increased in recent years. It is also expected to increase in the future. As per the same report, the prevalence of obesity in urban areas has increased from 4.9% in 2010 to 9.1% in 2020 and is expected to rise to over 16% by 2040 in India. Body contouring procedures are done after major weight loss procedures or surgeries to tighten the skin. This factor is thus expected to help the market growth.
Furthermore, the rising adoption of body contouring devices by aesthetic clinics in India is further expected to drive the growth of this segment. For the first time in India, Corium Clinic by Dr. Asra Khumushi, a state-of-the-art Aesthetic Clinic in Nagpur, has introduced the "Evolve," a next-generation and only 3-dimensional Body Contouring gadget, in September 2021.
Therefore, owing to the above factors, the body contouring devices segment is expected to drive over the forecast period.
India Aesthetic Devices Industry Overview
The Indian medical aesthetic devices market is fairly consolidated, with the presence of several global players with established brand identities. The international companies are also penetrating different states of the country at a fast pace, which drives the business for both global and domestic players. Some of the major companies in the Indian medical aesthetic devices market include Allergan Inc., Alma Lasers (Sisram Medical Ltd), Cutera, Bausch Health Companies Inc. (Solta Medical Inc.), and Lumenis, among others.
India Aesthetic Devices Market Leaders
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Allergan Inc.
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Cutera Healthcare
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Lumenis
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Alma Lasers
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Bausch Health Companies Inc.
*Disclaimer: Major Players sorted in no particular order
India Aesthetic Devices Market News
- In March 2022, The United States brand 7e Wellness has launched device Myolift Mini, that can be used up to three times a week for effortless skin-lifting resultsfor anti-ageing treatment in India.
- In December 2021, Kaya, a skincare and dermatologist network-enabled business, has launched CoolSculpting, a new service in India aimed at its ever-growing uber-urban client base seeking physical perfection and precision.
India 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 Increasing Awareness Regarding Aesthetic Procedures
- 4.2.2 Rapid Technological Advancements
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4.3 Market Restraints
- 4.3.1 High Cost of Aesthetic Devices
- 4.3.2 Social Stigma and Ethical Concerns
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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 By 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 Microdermabrasion
- 5.1.2.4 Implants
- 5.1.2.5 Other Aesthetic Devices
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5.2 By Application
- 5.2.1 Skin Resurfacing and Tightening
- 5.2.2 Body Contouring and Cellulite Reduction
- 5.2.3 Facial Aesthetic Procedures
- 5.2.4 Breast Augmentation
- 5.2.5 Other Applications
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5.3 By End User
- 5.3.1 Hospitals
- 5.3.2 Clinics and Beauty Centers
- 5.3.3 Home Settings
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Allergan Inc.
- 6.1.2 Alma Lasers (Sisram Medical Ltd)
- 6.1.3 Bausch Health Companies Inc. (Solta Medical Inc.)
- 6.1.4 BTL Group of Companies
- 6.1.5 Cutera Healthcare
- 6.1.6 Zimmer Biomet
- 6.1.7 Lumenis
- 6.1.8 Venus Concept India
- 6.1.9 7e Wellness
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
India Aesthetic Devices Industry Segmentation
The scope of the Indian medical aesthetic devices market includes all kinds of medical devices that are used for various cosmetic procedures. These procedures include hair removal, anti-aging, aesthetic implants, and skin tightening, among others, that are used for beautification, alteration, and enhancement of the body. The Indian Medical Aesthetic Devices Market is segmented 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, Microdermabrasion, Implants, Other Aesthetic Devices)), Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Hair Removal, Facial Aesthetic Procedures, Breast Augmentation, Other Applications) and End-User (Hospitals, Clinics, and Beauty Centers, 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 | ||
| By Type of Device | Non-energy-based Aesthetic Device | Botulinum Toxin |
| Dermal Fillers and Aesthetic Threads | ||
| Microdermabrasion | ||
| Implants | ||
| Other Aesthetic Devices | ||
| By Application | Skin Resurfacing and Tightening | |
| Body Contouring and Cellulite Reduction | ||
| Facial Aesthetic Procedures | ||
| Breast Augmentation | ||
| Other Applications | ||
| By End User | Hospitals | |
| Clinics and Beauty Centers | ||
| Home Settings |
India Aesthetic Devices Market Research FAQs
How big is the India Medical Aesthetic Devices Market?
The India Medical Aesthetic Devices Market size is expected to reach USD 1.62 billion in 2024 and grow at a CAGR of 13.28% to reach USD 3.02 billion by 2029.
What is the current India Medical Aesthetic Devices Market size?
In 2024, the India Medical Aesthetic Devices Market size is expected to reach USD 1.62 billion.
Who are the key players in India Medical Aesthetic Devices Market?
Allergan Inc., Cutera Healthcare, Lumenis, Alma Lasers and Bausch Health Companies Inc. are the major companies operating in the India Medical Aesthetic Devices Market.
What years does this India Medical Aesthetic Devices Market cover, and what was the market size in 2023?
In 2023, the India Medical Aesthetic Devices Market size was estimated at USD 1.43 billion. The report covers the India Medical Aesthetic Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Medical Aesthetic Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Medical Aesthetics Industry Report
Statistics for the 2024 India Medical Aesthetics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Medical Aesthetics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
