Beauty and medical device markets projected to see significant growth

The global beauty device market is expected to double in size, reaching an estimated $129.12 billion by 2030. This growth, representing a compound annual growth rate (CAGR) of 16.5%, is driven by increasing consumer interest in anti-aging, skincare, and professional-grade treatments that can be performed at home. Key segments include hair care, facial, skincare, and eye care devices.

Simultaneously, the ophthalmology surgical device market is forecasted to reach $20.53 billion by 2035. This expansion is fueled by an aging population, rising demand for vision correction, and advancements in minimally invasive surgery (MIGS). While North America currently leads the market, the Asia-Pacific region is expected to see rapid growth due to expanding healthcare infrastructure and increasing access to surgical care.