South Africa Aesthetic Devices Market - Growth, Trends And Forecasts (2020 - 2025)

The South African aesthetic devices market is anticipated to record a CAGR of 11.51%, during the forecast period. The major factors contributing to the growth in the demand for aesthetic devices in South Africa include the growing obese population, raising awareness of aesthetic procedures, rising use of minimally invasive equipment, and technological innovation in devices. The growing aesthetic consciousness among people, especially the elderly population, is creating the demand for various devices being utilized in aesthetic procedures. Some of the opportunities for market players are the increasing trend in fashion and growing awareness of self-beauty and personal care, and the increase in disposable income. The other reasons that help the boosting demand for aesthetic products include the rise in the number of cosmetic procedures performed each year. Although the rate of growth in the country is not very high, the fact remains that people are becoming more concerned about their image, especially with the increasing standard of living that also boosts market growth during the forecast period.

Key Market Trends

Hair Removal Segment is Expected to Hold Significant Market Share in the South African Aesthetic Devices Application Segment

Getting rid of unnecessary body hair is one of those challenges that everyone faces in their lives at some point. These people have been turning to several hair removal methods for more than two decades to help them overcome this common problem that nearly everyone faces. Since the development of energy-based devices and laser light for the removal of unwanted hair, aesthetic clinicians and plastic surgeons have been able to offer patients time-effective treatments.

Competitive Landscape

The South African aesthetic devices market is competitive and consists of several players. In terms of market share, few of the major players are currently dominating the market and some prominent players are vigorously making acquisitions and joint ventures with the other companies to consolidate their market positions in the country. Some of the companies that are currently domianting the market are Allergan Inc., Lumenis Inc., Johnson & Johnson, Alma Lasers, and Galderma Pharmaceuticals.

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