Industry Insight: Spotlight on Medical Aesthetics

The medical aesthetics market, always in a state of transformation, is currently seeing technologies evolve from simple light-based and monopolar energy therapies to advanced platforms that integrate radiofrequency, ultrasound, microneedling, and now AI.

With global market projections exceeding $25 billion by 2027, demand is increasing for non-invasive, customizable solutions that deliver tangible, measurable results.

Once dominated by a few products (neurotoxins and dermal fillers), today’s aesthetics market is seeing continued massive growth in energy device-based procedures, especially those that tighten, contour, and resurface without surgery.

Emerging platforms are not just changing our appearance; they are reshaping clinics, patient expectations, and MedTech portfolios.

Once centered on middle-aged women, the aesthetics market now includes men and teens, reflecting a cultural shift in how ageing is viewed.

No longer is it something to reverse, but now seen as something to manage early and proactively. Aging well is increasingly seen as a lifestyle choice, with preventative treatments embraced across generations.

“Pre-Juvenation, now a widely used term in the aesthetic industry, refers to preventative treatments aimed at maintaining a youthful appearance before visible signs of ageing occur. Rather than correcting wrinkles, laxity, or volume loss after they appear, pre-juvenation focuses on delaying those changes through early intervention.


Recent Highlights and Advancements

  • Sofwave –  a current market mover, received expanded FDA clearance for treating skin laxity on the upper arms (Dec 2023), building on previous approvals for face, neck, and brow lifting.
  • Morpheus8( InMode ) and Potenza ( Cynosure, LLC. )see continued uptake among plastic surgeons for RF microneedling applications.
  • Renuvion ( Apyx Medical ), NeoGen - Nitrogen Plasma and other plasma-based technologies are gaining traction for low-downtime skin resurfacing across all skin types.
  • Multi-modal systems like EvolveX and Harmony XL Pro gain favor in clinics seeking hybrid solutions for simultaneous fat reduction, muscle toning, and skin tightening.
  • Skin tightening procedures surged to 86,500 in 2024 among plastic surgeons, reflecting a 44% year-over-year growth in adoption.

Therapies and Treatments

  • Facial Rejuvenation: RF microneedling, laser resurfacing, ultrasound tightening, plasma energy
  • Skin Tightening: Sofwave, Morpheus8, Ultherapy, Thermage, NeoGen
  • Body Contouring: Cryolipolysis, HIFEM (e.g., Emsculpt), RF and ultrasound-based sculpting
  • Hair Removal & Restoration: Laser/IPL hair removal, LED stimulation for growth
  • Pigmentation & Vascular: IPL, Q-switched & picosecond lasers for melasma, spider veins
  • Skin Quality Devices: LED masks, microcurrent tools, dermabrasion, transdermal booster delivery

AI in Aesthetics

AI is emerging as a differentiator in diagnostics, treatment planning, and patient experience:

  • Two examples:  Canfield Scientific  and Cutitronics offer platforms that analyze skin and recommend treatment paths.
  • Predictive analytics guide device settings, expected outcomes, and pre/post-treatment optimization.
  • AI tools are being layered into CRM platforms to drive personalization, retention, and marketing outcomes in aesthetic clinics.

Key Companies to Watch

  • InMode – Morpheus8, BodyTite, Evoke. Strong growth and direct-to-consumer presence.
  • Cynosure – Potenza, TempSure. RF and laser innovation.
  • Sofwave – Ultrasound-based lifting technology with fast FDA growth.
  • Alma Lasers – Harmony XL Pro, Accent Prime. Versatile platforms.
  • Revance – a fast-growing global aesthetics and skincare company with neuromodulator, innovative microneedling and dermal filler products.

Beauty Clinics to Watch

  • OrangeTwist – Rapidly expanding boutique clinics with top-tier devices.
  • SkinSpirit – Medical-grade skincare with luxury positioning.
  • LaserAway and Ideal Image – Large national chains focused on device-led services.

Relevant Articles

HWA Takeaway

The future of aesthetics is non-invasive, data-driven, and tech-enabled. The trick is staying relevant, which requires agility. The aesthetic market is inherently fickle, shaped by shifting beauty standards, viral trends, and influencer-driven demand. Devices that dominate today can be outdated within a few cycles of consumer attention.

To maintain relevance and impactful leadership, companies can look to:

  • Pay attention and continuously innovate and update your business with outcomes-based devices that deliver visible, measurable results. While marketing can spark early interest, it’s real-life outcomes and the consumer feedback loop, which can be harsh, that drive lasting adoption and viral growth of new technology  
  • Integrate AI and personalized treatment pathways to keep up with rising expectations
  • Manufacturers should support scalable business models and partner with large chains and independent clinics
  • Invest in marketing, training, and user experience to build provider and patient loyalty

For investors, this space is increasingly attractive:

  • High consumer demand with low regulatory burden (relative to pharma)
  • Scalability via retail and clinic networks
  • PE and strategic interest in recurring-revenue models across chains and DTC platforms

At HWA Global, we’re actively tracking the leaders and builders driving this convergence of technology, capital, and patient experience.

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Toni Fournier
President, HWA GLOBAL