Mexico Aesthetic Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.33 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Aesthetic Devices Market Analysis
Mexico's Aesthetic Devices Market is anticipated to record a CAGR of 8.33% during the forecast period.
Mexico's aesthetic devices market witnessed enormous challenges as a result of the COVID-19 pandemic. For instance, an article published in the journal of Correspondence and Communications in March 2021 reported that from March 23rd, 2020, to June 28th, 2020, at a healthcare center in Mexico City, 393 cases of aesthetic surgery procedures were performed. Compared to the previous year, a 64.2% reduction in aesthetic surgical procedures was observed in the healthcare center. Thus, the COVID-19 pandemic impacted the growth of Mexico's aesthetic devices market. However, in the current scenario, with the reduction of COVID-19 cases and the resumption of suspended non-emergency procedures, the studied market is expected to witness significant growth over the forecast period.
The major factors attributing to the growth of Mexico's aesthetic devices market are the increasingly obese population and awareness regarding aesthetic procedures, and the rising adoption of minimally invasive surgeries (MIS). According to the World Obesity Atlas 2022, published by the Global Obesity Observatory, reported that about 21 million women and 15 million men in Mexico are expected to have a BMI of more than 30 kg/m2 by the end of 2030. A BMI over 30 kg/m2 is an indication of obesity, which may increase the demand for liposuction aesthetic procedures, thereby driving the growth of the studied market in Mexico.
The increasing adoption of MIS surgical procedures is also driving the growth of the studied market in the country. For instance, in July 2022, Oasis of Hope Bariatrics Tijuana, Mexico, reported that minimally-invasive techniques and advanced technology have been helping patients lose excess body fat for over three decades. Thus, more patients are undergoing this procedure. Therefore, due to the success of MIS procedures over traditional procedures, the market is expected to witness significant growth over the forecast period.
The growing aesthetic consciousness among people, especially the elderly population, is creating a demand for various devices being utilized in aesthetic procedures. The increasing trend of fashion and growing consciousness of self-beauty and personal care, and the increase in disposable income are contributing to the growth of the studied market. For instance, an article published by NCBI in August 2021 reported an increase in mastopexy procedures in Mexican hospitals. The article indicated that mastopexy procedures were versatile and were becoming very common in women above 40 years in the Mexican country. The growing aesthetic consciousness among people, especially the elderly population likely to add to the market growth during the forecast period.
Thus, due to the increasingly obese population, increasing awareness regarding aesthetic procedures, and rising adoption of MIS, the market is expected to witness significant growth over the forecast period. However, the high cost of aesthetic procedures and poor reimbursement scenarios in the country is expected to slow down the market growth over the forecast period.
Mexico Aesthetic Devices Market Trends
Botulinum Toxin Segment is Expected to Hold Significant Market Share in the Mexican Aesthetic Devices Over the Forecast Period.
Botulinum toxin 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. The aesthetic concerns of individuals regarding their appearance are gradually on the rise in the country. Thus, there is a growing demand for aesthetic products among the population that has created a subsequent demand for botulinum toxin procedures. The increasing demand for botulinum toxin is expected to boost the market segment growth.
The rising demand for botox procedures in the country to enhance physical appearance and look younger is also contributing to the growth of this segment. For instance, Tijuana Bariatrics, Mexico, in November 2022, reported that significant increase in the number of botox treatment procedures in their center in the year 2021. Thus, rising demand is driving the growth of this segment.
Botox is also widely used for various medical conditions, including cervical dystonia, plantar fasciitis, hyperhidrosis, and chronic migraines, among others. For instance, an article published in the journal Archives of Physical Medicine and Rehabilitation in February 2022 reported that a group of Mexican researchers indicated that botulinum toxin A (BTX-A) had been used for the treatment of patients with plantar fasciitis. The study indicated that there was an improvement in the pain conditions of the plantar fasciitis-affected patients after being injected with the BTX-A. Such use of botox for medical conditions is expected to add to the growth of the botox segment in the country over the forecast period.
Similarly, an article published by NCBI in July 2021 reported using onabotulinumtoxinA and incobotulinumtoxinA for cervical dystonia and blepharospasm treatment in Mexico patients. Thus, the use of botulinum toxin in the region in a non-cosmetic surgical procedure is also boosting the demand for botulinum toxin in the country.
Thus, due to the rising demand for botox procedures and the use of botulinum toxin in the region in a non-cosmetic surgical procedure is contributing to the growth of this segment.
Breast Augmentation Surgical Procedures are Expected to Witness Significant Growth Over the Forecast Period.
Breast augmentation is done by placing implants behind the breast tissue or under the chest muscle. An implant is a sac filled with either sterile salt water (saline) or a material called silicone. The breast augmentation market is expected to witness significant growth over the forecast period owing to the increasing demand by young women with a high preference to enhance their aesthetic appeal and the rising prevalence of breast cancer.
An article published by the journal of Bioscience and Medicine in June 2021 reported that in a study conducted in Mexico, 153 female patients included in the analysis reported that 47% of women undergo breast augmentation procedures for sexual and appearance satisfaction. Thus, due to increase demand to enhance aesthetic appearance, the segment is expected to witness significant growth over the forecast period.
Additionally, the rising cases of breast cancer reported in the country are also contributing to the growth of this segment. Many women have to undergo mastectomy surgery to remove an entire breast to treat or prevent breast cancer. As a result, their natural breasts get damaged, and they undergo breast augmentation procedures to maintain their physical appearance. For instance, in 2020, Globocan reported that 33.7 thousand cancer cases are expected to be reported in Mexico in the year 2025, and this number is expected to increase to 45.3 thousand by the year 2040. Thus, increasing breast cancer may increase the demand for breast augmentation procedures, thereby contributing to the growth of this segment.
Thus, due to the increasing demand by young women with a high preference to enhance their aesthetic appeal, the rising prevalence of breast cancer, and the increasing disposable income, the segment is expected to witness significant growth over the forecast period.
Mexico Aesthetic Devices Industry Overview
The Mexican aesthetic devices market is consolidated and consists of a few major players. In terms of market share, a few of the major players are currently dominating the market, and some prominent players are vigorously making acquisitions and joint ventures with other companies to consolidate their market positions in the country. Some of the companies which are currently dominating the market are Abbvie (Allergan Inc.), Cynosure Inc., Johnson & Johnson Inc., Sisram Medical Ltd. (Alma Lasers Ltd.), Galderma SA, Syneron, Inc. (Candela Corporation), Venus Concept Ltd., Hologic Inc., Merz Pharma GmbH & Co. KGaA and Bausch Health Companies Inc. (Solta Medical, Inc.).
Mexico Aesthetic Devices Market Leaders
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Abbvie (Allergan Inc.)
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Bausch Health Companies (Solta Medical)
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Johnson & Johnson Inc.
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Galderma SA
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Hologic Inc.
*Disclaimer: Major Players sorted in no particular order
Mexico Aesthetic Devices Market News
- June 2022: Galderma published its phase III clinical studies indicating that RelabotulinumtoxinA, a novel liquid formulation of botulinum toxin A, improves both glabellar and lateral canthal lines with a rapid onset of action and a long duration of up to six months.
- January 2022: The United States Food and Drug Administration (USFDA) approved Johnson & Johnson's MENTOR MemoryGel BOOST breast implant for breast augmentation in women at least 22 years of age.
Mexico 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 and Obese Population
- 4.2.2 Rise in Demand for Minimally Invasive or Non-Invasive Aesthetic Procedures
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4.3 Market Restraints
- 4.3.1 High Cost of Aesthetic Procedures and Poor Reimbursement Scenario
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4.4 Porter Five Forces
- 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 - in USD )
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5.1 By Type of Devices
- 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
- 5.1.3 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 Hair Removal
- 5.2.4 Tattoo Removal
- 5.2.5 Breast Augmentation
- 5.2.6 Other Applications
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5.3 By End User
- 5.3.1 Hospitals
- 5.3.2 Clinics
- 5.3.3 Other End Users
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Abbvie (Allergan Inc.)
- 6.1.2 Cynosure Inc.
- 6.1.3 Johnson & Johnson Inc.
- 6.1.4 Sisram Medical Ltd. (Alma Lasers Ltd.)
- 6.1.5 Galderma SA
- 6.1.6 Syneron, Inc. (Candela Corporation)
- 6.1.7 Venus Concept Ltd.
- 6.1.8 Hologic Inc.
- 6.1.9 Merz Pharma GmbH & Co. KGaA
- 6.1.10 Bausch Health Companies Inc. (Solta Medical, Inc.)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityMexico Aesthetic Devices Industry Segmentation
As per the scope of this 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, and skin tightening that are used for beautification, correction, and improvement of the body.
Mexico's Aesthetic Devices Market is segmented by Type of Devices (Energy-Based Aesthetic Devices (Laser-based Aesthetic Devices, Radiofrequency (RF) Based Aesthetic Device, Light-based Aesthetic Device and Ultrasound Aesthetic Devices), Non-Energy-Based Aesthetic Devices (Botulinum Toxin, Dermal Fillers and Aesthetic Threads, Chemical Peels, Microdermabrasion and Implants), and Other 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 Other End Users). The report offers the value (in USD) for the above segments.
| By Type of Devices | Energy-based Aesthetic Device | Laser-based Aesthetic Device |
| Radiofrequency (RF) Based Aesthetic Device | ||
| Light-based Aesthetic Device | ||
| Ultrasound Aesthetic Device | ||
| By Type of Devices | Non-energy-based Aesthetic Device | Botulinum Toxin |
| Dermal Fillers and Aesthetic Threads | ||
| Chemical Peels | ||
| Microdermabrasion | ||
| Implants | ||
| By Type of Devices | Other 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 | ||
| Other End Users |
Mexico Aesthetic Devices Market Research FAQs
What is the current Mexico Aesthetic Devices Market size?
The Mexico Aesthetic Devices Market is projected to register a CAGR of 8.33% during the forecast period (2024-2029)
Who are the key players in Mexico Aesthetic Devices Market?
Abbvie (Allergan Inc.), Bausch Health Companies (Solta Medical), Johnson & Johnson Inc., Galderma SA and Hologic Inc. are the major companies operating in the Mexico Aesthetic Devices Market.
What years does this Mexico Aesthetic Devices Market cover?
The report covers the Mexico Aesthetic Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Aesthetic Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Aesthetic Devices Industry Report
Statistics for the 2024 Mexico Aesthetic Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Aesthetic Devices analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
