Market Trends of United Kingdom Aesthetic Devices Industry
This section covers the major market trends shaping the UK Aesthetic Devices Market according to our research experts:
Hair Removal Segment is Expected to Hold a Significant Share During the Forecast Period
Increasing beauty consciousness and awareness about enhancing aesthetic appeal are among the factors boosting segment growth. The easy availability of hair removal devices in the market that provides instant hair removal solutions, affordable prices of the hair removal devices, and no side effects of these devices are driving the growth of the hair removal devices segment.
The establishment of new facilities offering hair removal procedures is likely to propel the segment's growth. For instance,
- In March 2022, Cornwall, a laser hair removal company, opened a new clinic in St Austell town center, United Kingdom. Cornwall Laser is one of only two clinics in the South-West to offer laser hair removal using the award-winning Alma Soprano Titanium. The establishment of new facilities will increase the accessibility of the procedure and thus increase the demand for the devices during the forecast period.
Additionally, the launch of hair removal devices based on advanced technology in the country is also contributing to the growth of the segment. For instance,
- In January 2022, Lumenis launched the Splendor X device into the United Kingdom market. The device received a CE mark for hair removal, vascular treatments, pigmented lesions, and the treatment of wrinkles. The system is powered by BLEND X technology, which emits a binary laser at synchronized and controllable ratios of Nd: YAG (1064 nm) and Alexandrite (755 nm) wavelengths. Such launches are expected to propel the growth of the market segment.
Thus, the market segment is expected to project growth during the forecast period owing to the establishment of new facilities and the launch of new devices.
Breast Augmentation Segment is Expected to Project a Significant Growth During the Forecast Period
A rapid upsurge in breast augmentation procedures is expected to propel segmental growth. Breast implants are critical to breast augmentation surgeries that aim to enhance the size, fullness, and shape of the breast. The emerging trends to look appealing and gain the desirable contours will likely help the breast augmentation segment to grow in the forecast period.
The high number of breast augmentation procedures in the country is propelling the growth of the breast augmentation segment of the market. According to the BAAPS Annual Audit Report published in February 2022, 4,023 breast augmentation procedures were performed in the United Kingdom in 2021. Thus, women with a high preference for enhancing their esthetic appeal contribute largely to the revenue of the breast augmentation segment.
Key market players in the segment are focusing on developing and commercializing new products, opening new growth avenues for the studied industry. For instance, in September 2021, Establishment Labs Holdings Inc., a company dedicated to improving women's health and wellness, principally in breast aesthetics and reconstruction, held a symposium at the London Breast Meeting and launched the company's Motiva Flora tissue expander in Europe and other CE Mark countries. Such developments are expected to boost the growth of the market segment. Thus, the increasing number of procedures and the launch of devices are propelling the growth of the breast augmentation segment is expected to project growth during the forecast period.
