Published: Apr-2021 | Format: PDF | Market Research Store | Number of pages: 140 | Code: MRS - 828580
According to the report published by Market Research Store, global demand for the aesthetic energy-based device market was estimated at approximately USD 2,800 Billion in 2019 and is anticipated to generate revenue of around USD 6,500 Billion by end of 2026, growing at a CAGR of around 10.75% between 2020 and 2026.
Sun-damaged skin, wrinkles, and unnecessary tumors are treated with aesthetic lasers and energy devices. Many people who choose to cultivate or rejuvenate their appearance use these devices to enhance the physiology of wrinkled and aging skin. There are a variety of technical methods used to correct cosmetic treatment methods. The key goal of these machines is to tighten the skin by removing stubborn fat or reducing excess drooping skin. Aesthetic systems that are completely automated are now available to the company's end users. Sciton, for example, pre-looks at the skin from the inside out with optical coherence tomography.
The energy-based aesthetic devices market is expected to expand significantly in the coming years due to creative and advanced applications. Minimal skin invasion, fast recovery, fewer side effects, and less pain are all benefits of these devices. Laser therapies often have the advantage of delivering instant outcomes. Furthermore, in recent years, a number of actors have publicly disclosed their use of facial aesthetics therapies, raising awareness of these procedures but also making them socially appropriate. Kylie Jenner's lip filler therapy prompted a 70.0 percent surge in procedure inquiries in the United Kingdom in 2015, according to an article by Harley Academy. As a result of the social recognition of these therapies, the nonsurgical aesthetics industry is expected to expand dramatically in the coming years. Aside from the aging population, the demand for energy-based aesthetic products is growing at a rapid pace. In the skin layers, aging is associated with the loss of fibrous tissue and a diminished vascular and glandular network. This refers to the appearance of lines, dryness, and pigmentary modification. To resolve certain skin problems in the elderly population, energy-based aesthetic devices aid in reducing skin aging, thus giving younger-looking skin. However, the lack of reimbursement policies is predicted to hamper the growth of the market in the coming years. Nevertheless, Growing research activities contribute to technological advancement, which in turn opens up new business possibilities for cosmetic energy-based applications.
The aesthetic energy-based device market is segmented in terms of technology type, application, end-user, and sales channel. Based on the technology type, the market is divided into laser-based, ultrasound-based, light-based, plasma energy-based devices, electromagnetic energy-based, cryolipolysis, and suction-based. During the projected era, the laser-based aesthetic devices segment is predicted to grow with the highest CAGR owing to the innovative and advanced applications of laser-based devices which plays a key driver in this category's development. On the basis of application segmentation, the market is segmented into hair removal, skin tightening, fat reduction and body contouring, cellulite reduction, facial and skin resurfacing/photo rejuvenation, and others. The segment of hair removal is the most popular application field for cosmetic energy-based technologies, and as a result, it is the market's most lucrative segment. Based on the end-user analysis, the market is bifurcated into home-use, dermatology and cosmetic clinics, and hospitals. In terms of revenue, dermatology and cosmetic clinics are the most popular end-user group. This is owing to the rising need for energy-based skin therapies, as dermatology and cosmetic clinics specialize in beauty treatments, as opposed to hospitals, which treat a wide variety of medical conditions. Based on the sales channel, the market is split into direct sales channels and indirect sales channels. Because of the trend of fast internet shopping and easy return and payment plans, the indirect sales channel has the largest share.
North America is considered to have the largest market share for the global aesthetic lasers and energy devices market share in 2019 and is projected to continue leading over the projected era. This can be due to rising healthcare costs as well as advances in cosmetic lasers and energy products. Due to an increase in the geriatric population base, Europe is anticipated to grow steadily in the coming years. Besides, Asia-Pacific is anticipated to see profitable development due to the rising income of the working class, greater available chances, and a rapid rise in awareness among people in this area.
The major players dominating the global aesthetic energy-based device market in terms of revenue and development are Ama Lasers Inc., Sciton Inc., Syneron Medical Ltd., Bausch Health Companies Inc., Merz Pharma GmbH & Co.KGaA, Venus Concept Ltd., Lumenis Ltd., Genesis Biosystems Inc., Cutera Inc., IRIDEX Corporation, Hologic Inc., and TRIA Beauty Inc., among others. These international companies have used a range of tactics to achieve a credible presence in the global market, including purchasing relationships, shares, contracts, collaborations, joint ventures, new product launches, purchases, and mergers and acquisitions.
Aesthetic Energy-Based Device
Aesthetic Energy-Based Device