Cosmetic Surgery, Procedure Devices Market To Grow By $7.95B

New research forecasts the cosmetic surgery and procedure devices market will grow by $7.95 billion from 2024 to 2028. Technavio estimates the market to increase at a compound annual growth rate of 10.45% over the next four years. 

An increase of medical conditions that require cosmetic procedures and technological advances are driving the growth rate. New solutions, including lasers and minimally invasive facial rejuvenation procedures, customized implants allowing for natural outcomes, non-invasive body sculpting devices, and hyaluronic acid dermal fillers are being introduced and increasing market profitability. 

However, the market research shows high treatment costs poses a challenge for the industry. 

With procedures requiring precision and consistency, device innovation is crucial. Advancements have led to developing minimally invasive devices including laser systems, radiofrequency devices, and injectable fillers. Minimally invasive devices offer faster recovery times and improved results. 

The increasing awareness and societal acceptance of cosmetic procedures also contributes to the increased demand.