At 10.2% CAGR, Middle East & Africa Aesthetic Medical Devices Market is Projected to be Worth US$ 1,879.53 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa aesthetic medical devices market was valued at US$ 863.44 million in 2023 and is expected to reach US$ 1,879.53 million by 2031, registering a CAGR of 10.2% from 2023 to 2031. Rise in medical tourism worldwide and non-invasive aesthetic procedures and technological advancements associated with medical aesthetic devices are among the critical factors attributed to drive the Middle East & Africa aesthetic medical devices market growth.

Travelers seeking cosmetic and plastic surgery are drawn to the UAE, which has long been a center for medical tourism. The UAE has become a worldwide center for plastic surgery because of the swift rise in the procedure in recent years. The local economy has seen a spectacular development in cosmetic or beauty tourism, which is now one of the main sources of revenue diversification that completely realizes the vision of a knowledge-based, competitive, innovation-driven economy. Despite the effects of COVID-19, estimations indicate that this sector's revenues have lately climbed by 30% to 40% when compared to the previous five years. Therefore, with flourishing medical tourism, the demand for aesthetic procedures is likely to surge in developing countries, thereby bolstering the adoption of aesthetic medical devices in the coming years. Low-cost procedures without any compromise on treatment quality, and reduced medical costs are the prime factors resulting in the growth of medical tourism, which, in turn, is expected to generate significant opportunities for the aesthetic medical devices market growth in the coming years.

On the contrary, risks and complications associated with procedures and stringent safety regulations hurdle the growth of Middle East & Africa aesthetic medical devices market.

Based on technology, the Middle East & Africa aesthetic medical devices market is divided into laser-based, light-based, electromagnetic energy-based, ultrasound-based, cryolipolysis, suction-based, and plasma energy-based. The laser-based segment held 25.1% market share in 2023, amassing US$ 216.94 million. It is projected to garner US$ 482.10 million by 2031 to register 10.6% CAGR during 2023–2031.

In terms of application, the Middle East & Africa aesthetic medical devices market is segmented into facial skin resurfacing, photorejuvenation, hair removal, fat reduction and body contouring, skin tightening, cellulite reduction, feminine rejuvenation, tattoos and pigmentation, acne and acne scars, vascular lesions, and others. The acne and acne scars segment held 18.1% share of Middle East & Africa aesthetic medical devices market in 2023, amassing US$ 156.14 million. It is anticipated to garner US$ 325.50 million by 2031 to expand at 9.6% CAGR during 2023–2031.

By end user, the Middle East & Africa aesthetic medical devices market is divided dermatology and cosmetic clinics, hospitals and clinics, medical spas, and home use. The dermatology and cosmetic clinics segment held 38.7% share of Middle East & Africa aesthetic medical devices market in 2023, amassing US$ 334.56 million. It is projected to garner US$ 751.16 million by 2031 to expand at 10.6% CAGR from 2023 to 2031.

Based on country, the Middle East & Africa aesthetic medical devices market is categorized into Saudi Arabia, the UAE, South Africa, Turkey, and the Rest of Middle East and Africa. Our regional analysis states that Saudi Arabia captured 37.4% share of Middle East & Africa aesthetic medical devices market in 2023. It was assessed at US$ 323.31 million in 2023 and is likely to hit US$ 720.46 million by 2031, registering a CAGR of 10.5% during 2023–2031.

Key players operating in the Middle East & Africa aesthetic medical devices market are Merz Pharma GmbH & Co KGaA, Bausch Health Companies Inc, Lumenis Be Ltd, Venus Concept Inc, Fotona, InMode, Cynosure LLC, and Asclepion Laser Technologies GmbH, among others.

• In February 2021, Asclepion Laser Technologies successfully introduced the new nano laser range: The NanoStar Family. The NanoStar family includes three new q-switch laser systems in three separate devices. A ruby laser (694 nm), a Nd:YAG laser (1,064 nm + 532 nm) and a combined device with all of the mentioned wavelengths including the innovative mixed-technology, giving perfect conditions for every need. The family uses the well-known Q-qwitched technology, which allows for treatment of tattoos, pigments and others.

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