India Medical Aesthetic Devices Market Size (2024 - 2029)

The India medical aesthetics market is experiencing rapid growth, particularly in metropolitan areas, driven by an increasing adoption of aesthetic procedures and advancements in technology. Despite the challenges posed by the COVID-19 pandemic, which impacted demand and necessitated new safety protocols, the market is expanding due to the influx of competition and investment from both domestic and international players. However, the high cost of aesthetic devices and prevailing social stigmas and ethical concerns may hinder further market expansion.

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Market Size of India Medical Aesthetic Devices Industry

india aesthetic devices market overview
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

India Medical Aesthetic Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

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 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
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
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India Medical Aesthetic Devices Market Size Summary

The Indian medical aesthetics market is experiencing robust growth, driven by increasing adoption of aesthetic procedures and advancements in technology. The market is characterized by a surge in demand for beauty enhancement procedures, particularly in metropolitan areas. This growth is further fueled by the entry of international players and the influx of investments from domestic companies, all seeking to tap into India's large customer base. The introduction of innovative products, such as Alma's PROFHILO for skin anti-aging, highlights the market's dynamic nature. Despite the challenges posed by the COVID-19 pandemic, which necessitated safety protocols and modifications in practice, the market is poised for significant expansion over the forecast period.

The market's growth trajectory is supported by the rising prevalence of obesity, which has increased the demand for body contouring procedures. Technological advancements in minimally invasive procedures have also contributed to this trend, with devices designed to enhance collagen production and reduce cellulite gaining popularity. The Indian medical aesthetics market is fairly consolidated, with major global players like Allergan Inc., Alma Lasers, and Lumenis establishing a strong presence. These companies are rapidly expanding their footprint across various states, further driving market growth. However, the high cost of aesthetic devices and social stigma remain potential restraints. Nonetheless, the market is expected to continue its upward momentum, supported by the increasing adoption of aesthetic services and devices.

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India Medical 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 Increasing Awareness Regarding Aesthetic Procedures

      2. 1.2.2 Rapid Technological Advancements

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Aesthetic Devices

      2. 1.3.2 Social Stigma and Ethical Concerns

    4. 1.4 Porter's Five Forces 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 - 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 Microdermabrasion

        4. 2.1.2.4 Implants

        5. 2.1.2.5 Other 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 Facial Aesthetic Procedures

      4. 2.2.4 Breast Augmentation

      5. 2.2.5 Other Applications

    3. 2.3 By End User

      1. 2.3.1 Hospitals

      2. 2.3.2 Clinics and Beauty Centers

      3. 2.3.3 Home Settings

India Medical Aesthetic Devices Market Size FAQs

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.

In 2024, the India Medical Aesthetic Devices Market size is expected to reach USD 1.62 billion.

India Medical Aesthetics Market Report Snapshots

India Medical Aesthetics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)