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Middle East & Africa Aesthetic Medical Devices Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Technology, Application, and End User

Middle East & Africa Aesthetic Medical Devices Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Technology, Application, and End User

  • November 2022
  • 221 pages
  • ID: 6368915
  • Format: PDF
  • The Insight Partners

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The aesthetic medical devices market in the MEA is expected to grow from US$ 654.88 million in 2022 to US$ 1,202.23 million by 2028. It is estimated to grow at a CAGR of 10.7% from 2022 to 2028.

New Product Launches and Approvals to Fuel Growth of Aesthetic Medical Devices Market in MEA during 2022–2028

Large population has increased need for new product developments, innovative product launches, and approvals on a regional level.Additionally, major market players are involved in research and development activities to ensure the innovation and development of efficient products.

For instance, in June 2022, Cynosure launched the PicoSure Pro device, the FDA-cleared 755nm picosecond laser.The device utilizes pressure instead of heat to provide safe and effective treatments for unwanted pigmentation and skin revitalization for all skin types.

PicoSure Pro device consists of an advanced Platinum Focus lens array that can be used to increase collagen and elastin to help combat acne scars, wrinkles, and pores. Thus, an increase in product development, launches, and other strategic collaborations among market players are likely to create ample opportunities for the growth of the aesthetic medical devices market in the MEA during the forecast period.

Market Overview
The Middle East & Africa aesthetic medical devices market is segmented into Saudi Arabia, the UAE, South Africa, and the rest of Middle East & Africa.The Middle East is experiencing growth owing to rising awareness and high number of cosmetic procedures due to increase in disposable income and rise in geriatric population.

Moreover, acceptance of modern technologies is projected to drive the market growth in this region during the forecast period.The market in Saudi Arabia is growing significantly due to a huge population base and increasing acceptance of medical devices.

The demand for aesthetics procedure is increasing across Saudi Arabia due to rising geriatric population.As per the Population Aging in Saudi Arabia report, the proportion of people in Saudi Arabia aged 60 and above is predicted to be 25% of the total population of 40 million by the end of 2050.

Also, the number of people aged 80 and above is expected to reach 1.6 million, or 4% of the total population, by the same year. Aesthetic procedures are becoming increasingly popular. Cosmetic surgery was previously banned in Saudi Arabia because of its health risks and religious views regarding restorative surgery. However, the general attitude toward the risk and safety of the procedure has improved with the introduction of innovations and techniques and advice and recommendations from family and friends. High penetration of internet and changing global beauty standards has helped to increase the demand for aesthetic procedures in the country. Along with the power of the internet, social media has become an important source of information on aesthetic procedures. According to a study conducted, it was proved that Instagram was one of the most influential social media platforms regarding aesthetic procedures for women living in Riyadh, Saudi Arabia.

MEA Aesthetic Medical Devices Market Revenue and Forecast to 2028 (US$ Million)

MEA Aesthetic Medical Devices Market Segmentation

The MEA aesthetic medical devices market is segmented into technology, application, end user, and country.Based on technology, the market is segmented into laser-based, light-based, electromagnetic energy-based, ultrasound-based, cryolipolysis, suction-based, and plasma energy-based.

The laser-based segment registered the largest market share in 2022.
Based on application, the MEA aesthetic medical devices market is segmented into facial skin resurfacing, photo rejuvenation, hair removal, fat reduction & body contouring, skin tightening, cellulite reduction, feminine rejuvenation, tattoos & pigmentation, acne & scars, vascular lesions, and others.The acne and acne scars segment registered the largest market share in 2022.

Based on end user, the MEA aesthetic medical devices market is segmented into dermatology & cosmetic clinics, hospitals and clinics, medical spas and home use.The dermatology & cosmetic clinics segment registered the largest market share in 2022.

Based on country, the MEA aesthetic medical devices market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of the MEA.Saudi Arabia dominated the market share in 2022.

Alma Lasers (Sisram Medical), Asclepion Laser Technologies GmbH, Bausch Health Companies Inc., Candela Corporation, Cutera Inc., Fotona, InMode, Jeisys Medical Inc, LASEROPTEK, Lumenis Be Ltd., Lutronic, Merz Pharma, Mesoestetic, and Venus Concept are among the leading companies operating in the aesthetic medical devices market in the MEA.

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