Market Size of Saudi Arabia Aesthetic Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.70 % |
Market Concentration | Medium |
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?
Saudi Arabia Aesthetic Devices Market Analysis
The Saudi Arabia aesthetic devices market is expected to register a CAGR of 6.7% over the forecast period.
The COVID-19 pandemic had a significant impact on the aesthetic devices market studied in Saudi Arabia. For instance, according to an article published by the Journal of Dermatology & Dermatologic Surgery in June 2022, the fear of transferring the infection to any home member is the main reason to avoid these cosmetic procedures in Saudi Arabia. Thus, the COVID-19 pandemic had a significant impact on the practice of cosmetic dermatology, eventually affecting the aesthetic devices market. However, as per the above source, generating well-structured safety guidelines to decrease the risk of unusual virus transmission in dermatology practice and creating financial incentives led to half of the participants (49.9%) showing interest in having cosmetic procedures 3 months after the COVID-19 pandemic is over. Therefore, the COVID-19 pandemic led to decreased demand for cosmetic procedures in the initial phase. However, the market is gradually stabilizing as COVID-19 cases are declining. Thus, an increase in cosmetic procedures is expected to have a significant impact on the Saudi Arabian aesthetic devices market over the forecast period.
The factors that are driving the market growth in the country include the rapidly increasing aging population, increasing obese population, increasing awareness regarding aesthetic procedures, and rising adoption of minimally invasive devices. For instance, according to the United Nations Population Fund report, in 2022, there are 4% of the total population belonged to the age group of 65 and above. Furthermore, according to the International Journal on Ageing in Developing Countries 2021, the older adult population in the Kingdom of Saudi Arabia will increase to 9.5% of the general population in 2035 and will reach more than 18% by 2050. Thus, with an increase in the aging population, the demand for aesthetic devices increases to rejuvenate their appearance, thereby driving the growth of the market.
Additionally, cosmetic procedures are becoming more popular around the world, including in Saudi Arabia. For instance, according to the Ministry of Health 2021 report, there were 646 plastic surgeons available in the private as well as government sector in the Kingdom of Saudi Arabia. Furthermore, according to an article published by Bahrain Medical Bulletin in December 2022, the desire to have clear-looking, beautiful skin and a younger, appealing appearance were the most popular reasons given by patients seeking cosmetic treatments. Patients seeking laser treatment for pigmentation or erythema were mostly motivated by cosmetic concerns, such as the desire for clearer-looking skin that appeared more youthful and appealing, as well as the need to repair harm to their appearance. Those interested in treating brown spots or melasma and redness/spots and rosacea were driven to look good without makeup. The most prevalent reasons for liposuction, noninvasive fat removal, and cellulite treatment were cosmetic appearance and mental well-being. Thus, increasing awareness regarding aesthetic procedures is expected to drive market growth over the forecast period.
Thus, the studied market growth is attributed to the above-mentioned factors, such as the increasing aging population, increasing obese population, increasing awareness regarding aesthetic procedures, and rising adoption of minimally invasive devices, and the market is expected to grow significantly over the forecast period. However, concerns, the social stigma of these surgeries, and poor reimbursement scenarios have been restraining the market growth.
Saudi Arabia 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. Aesthetic procedures include both surgical and non-surgical procedures. The Saudi Arabia 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, and ultrasound aesthetic device), non-energy-based aesthetic device (botulinum toxin, dermal fillers, and aesthetic threads, chemical peels, microdermabrasion, implants, and other non-energy-based aesthetic devices)), application (skin resurfacing and tightening, body contouring and cellulite reduction, hair removal, tattoo removal, breast augmentation, and other applications), end-user (hospitals, clinics, and home settings). The report offers the value (in USD) for the above segments.
By Type of Device | ||||||||
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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 |
Saudi Arabia Aesthetic Devices Market Size Summary
The Saudi Arabia aesthetic devices market is poised for significant growth, driven by factors such as an increasing aging population, rising obesity rates, and heightened awareness of aesthetic procedures. The market experienced a temporary setback due to the COVID-19 pandemic, which initially reduced the demand for cosmetic procedures. However, the implementation of safety guidelines and financial incentives has led to a resurgence in interest for cosmetic treatments. The demand for aesthetic devices is further bolstered by the growing popularity of minimally invasive procedures, which are becoming more widely accepted as individuals seek to rejuvenate their appearance and enhance their well-being. The market's expansion is also supported by the increasing number of plastic surgeons and the availability of aesthetic procedures in both private and government sectors across the country.
The market is characterized by a consolidated structure, with key players such as AbbVie Inc. (Allergan Plc), Lumenis Inc., Sisram Medical Ltd (Alma Lasers), Galderma SA, and Candela Medical leading the industry. The hospital segment is expected to capture a significant share of the market, driven by the rise in plastic surgeries and the availability of specialized medical facilities. Events like the Bahrain Dermatology, Laser, and Aesthetics Conference and Exhibition highlight the ongoing advancements in dermatology and cosmetic medicine, further propelling market growth. As the demand for anti-aging treatments and skin resurfacing increases, the aesthetic devices market in Saudi Arabia is anticipated to experience robust growth over the forecast period.
Saudi Arabia 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 Rapidly Increasing Aging Population
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1.2.2 Increasing Obese Population
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1.2.3 Increasing Awareness Regarding Aesthetic Procedures and Rising Adoption of Minimally Invasive Devices
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1.3 Market Restraints
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1.3.1 Social Stigma Concerns
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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 - Value in USD Million)
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2.1 By Type of Device
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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 Chemical Peels
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2.1.2.4 Microdermabrasion
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2.1.2.5 Implants
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2.1.2.6 Other Non-energy-based Aesthetic Devices
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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 Tattoo Removal
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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
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2.3.3 Home Settings
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Saudi Arabia Aesthetic Devices Market Size FAQs
What is the current Saudi Arabia Aesthetic Devices Market size?
The Saudi Arabia Aesthetic Devices Market is projected to register a CAGR of 6.70% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Aesthetic Devices Market?
Abvie Inc (Allergan Plc), Lumenis Inc., Galderma SA, Sisram Medical Ltd (Alma Lasers) and Candela Medical are the major companies operating in the Saudi Arabia Aesthetic Devices Market.