NEW
YORK, July 30, 2024 /PRNewswire/ -- The global
energy-based aesthetic devices market size is estimated to grow by
USD 2.13 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of over 9.45% during the forecast period. Increasing demand for
aesthetic procedures is driving market growth, with a trend towards
emergence of combination treatments and home-use devices. However,
risks associated with energy-based aesthetic devices poses a
challenge. Key market players include Alma Lasers Ltd., Bausch
Health Companies Inc., Candela Corp., Concord Medisys, Cutera
Inc., Cynosure LLC, DELEO SAS,
EndyMed Medical Ltd, Energist Ltd., Erchonia Corp, Fotona d.o.o,
IRIDEX Corp., Johnson and Johnson Services Inc., Lumenis Be Ltd.,
Lutronic Inc., Merz Pharma GmbH and Co KGaA, Sciton Inc.,
SharpLight Technologies Inc., Tria Beauty, and Venus Concept
Inc..
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Energy-Based
Aesthetic Devices Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
9.45%
|
Market growth
2024-2028
|
USD 2136.7
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
8.42
|
Regional
analysis
|
North America, Asia,
Europe, and Rest of World (ROW)
|
Performing market
contribution
|
North America at
39%
|
Key
countries
|
US, China, Brazil,
Mexico, and Germany
|
Key companies
profiled
|
Alma Lasers Ltd.,
Bausch Health Companies Inc., Candela Corp., Concord Medisys,
Cutera Inc., Cynosure LLC, DELEO SAS, EndyMed Medical Ltd, Energist
Ltd., Erchonia Corp, Fotona d.o.o, IRIDEX Corp., Johnson and
Johnson Services Inc., Lumenis Be Ltd., Lutronic Inc., Merz Pharma
GmbH and Co KGaA, Sciton Inc., SharpLight Technologies Inc., Tria
Beauty, and Venus Concept Inc.
|
Market Driver
The aesthetic industry is witnessing a shift towards combination
treatments, as surgeons integrate surgical and non-surgical
procedures for more effective and long-lasting results. One such
approach involves the use of energy-based devices, dermal fillers,
and neurotoxins for facial rejuvenation. When executed correctly,
these treatments can be performed in the same session, enhancing
their efficacy. Aesthetic clinics worldwide are embracing this
strategy to cater to individual patient needs and boost customer
satisfaction. Additionally, the demand for home-use energy-based
aesthetic devices is on the rise due to cost and time savings.
Vendors have an opportunity to introduce user-friendly, compact,
and affordable products in the market to capitalize on this trend.
However, more research and clinical evidence are necessary to
increase the global acceptance of combination treatments.
The Energy-Based Aesthetic Devices market is witnessing
significant growth due to increasing trends in skin damage
treatments. Companies like Bausch Health and Lutronic lead the
market with innovative solutions for skin sensitivity, facelifts,
and body contouring. Obesity, hormonal changes, and skin laxity
drive the demand for collagen stimulation and body fat composition
adjustment. Fine lines, discoloration, acne scars, unwanted
lesions, sun-damaged skin, and wrinkles are common concerns
addressed by these devices. Aesthetic Laser Partners and
Alma Laser are key players offering
advanced technologies. Awareness and acceptability of aesthetic
procedures are rising, with plastic surgery statistics showing a
decline in invasive procedures in favor of non-surgical
alternatives. Safety concerns, infection control, virtual patient
consultations, and teledermatology are crucial factors shaping the
market. Hair removal, skin tightening, and skin resurfacing are
popular applications. The obese population and aesthetically
sensible patients are major consumer groups. HCP-owned clinics
cater to the demand for these services.
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Market Challenges
- Energy-based aesthetic devices offer various benefits, such as
skin rejuvenation and scar reduction. However, their use involves
risks and complications. These devices emit hazardous radiation,
which can lead to serious health issues, including skin color
changes and herpes infection. High-power energy devices can also
damage the eye and skin, causing complications like anesthesia
issues, blood clots, allergic reactions, and nerve injuries.
Long-term side effects can affect the quality of life of end-users.
For instance, earlier CO2 resurfacing lasers caused high rates of
thermal injury, discomfort, pain, and downtime. The thermal damage
was due to the continuous wave nature of conventional CO2 lasers.
To mitigate these risks, Er:YAG lasers were developed to minimize
thermal damage to the treated skin tissue. It is crucial to use
energy-based aesthetic devices in a controlled environment to avoid
unnecessary damage and ensure patient safety. Continuous research
is necessary to develop safer and more effective energy-based
aesthetic devices.
- The Energy-Based Aesthetic Devices market faces several
challenges. Skin disorders and the increasing demand for
dermatology procedures drive market growth. However, safety
concerns and infection control are crucial factors. Virtual patient
consultations and teledermatology are transforming the industry,
but wrinkles, unwanted lesions, and sun-damaged skin remain common
concerns. Aesthetically sensible patients and an obese population
seek body contouring and skin rejuvenation. HCP-owned clinics offer
hair removal, skin tightening, and resurfacing. Rapid changes in
technologies like cryolipolysis, LED, lasers, and RF require
continuous innovation. The geriatric population and aging
procedures target collagen fibers. Celebrities and fashion
statements fuel demand for facial cosmetic procedures. Wavelengths
and nanoscale scales differentiate light-based devices for various
skin types and hair types. Healthcare providers and payers navigate
on-premise and cloud-based aesthetic technologies.
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challenges - Request a sample report!
Segment Overview
This energy-based aesthetic devices market report extensively
covers market segmentation by
- End-user
- 1.1 Medspa
- 1.2 Hospital or surgery center
- 1.3 HPC owned clinic
- 1.4 Traditional spa
- Product
- 2.1 Laser
- 2.2 Light
- 2.3 Ultrasound
- 2.4 Radiofrequency
- Geography
- 3.1 North America
- 3.2 Asia
- 3.3 Europe
- 3.4 Rest of World (ROW)
1.1 Medspa- The global energy-based aesthetic
devices market is experiencing significant growth due to the
increasing popularity of medical spas (medspas). With the rise in
the number of individuals undergoing skin tightening and
resurfacing procedures, as well as the prevalence of chronic skin
diseases, medspas have become a preferred destination for cosmetic
treatments. These facilities offer a unique blend of medical
expertise and relaxation, providing medically recommended and
supervised procedures such as Botox injections, anti-wrinkle
treatments, fillers, acne therapy, laser hair removal, vein
reduction, and stretch mark treatments. Additionally, medspas offer
dermatologist-recommended skin care products to maintain skin
health post-procedure. Anti-aging treatments, previously only
available in physician's clinics, are now accessible in medspas.
The ease of access to these non-surgical lifts and various
energy-based aesthetic procedures is expected to fuel the growth of
the medspa segment in the global energy-based aesthetic devices
market during the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Energy-Based Aesthetic Devices market encompasses a range of
technologies used to address various skin concerns and cosmetic
enhancements. These devices, which include light-based aesthetic
devices, use energy in the form of heat, light, or radiofrequency
to treat skin disorders such as wrinkles, unwanted lesions,
sun-damaged skin, and more. Safety concerns and infection control
are paramount in this industry, with virtual patient consultations
and teledermatology gaining popularity for their convenience and
accessibility. Aesthetically sensible patients, obese population,
and the rise of HCP-owned clinics are driving market growth. Hair
removal, skin tightening, and skin resurfacing are common
applications, while wavelengths and nanoscale scales are crucial
factors in device efficacy. Celebrities and fashion statements
continue to influence the demand for facial cosmetic procedures,
and body sculpting is an emerging trend. Dermatologists and
aesthetic clinics are key players in this market, with light-based
devices offering customizable treatments based on skin types and
hair types.
Market Research Overview
The Energy-Based Aesthetic Devices market encompasses a range of
technologies, including lasers, light-based devices, and
radiofrequency (RF), used to address various skin disorders and
enhance physical appearance. Dermatology procedures, such as
wrinkle reduction, unwanted lesion removal, sun-damaged skin
treatment, and hair removal, are common applications. Safety
concerns and infection control are crucial considerations in this
market. Virtual patient consultations and teledermatology are
gaining popularity, particularly for aesthetically sensitive
patients. The obese population and geriatric population present
significant opportunities for body contouring and aging procedures,
respectively. Rapid changes in aesthetic technologies, including
cryolipolysis, LED, and nanoscale lasers, cater to diverse skin
types and hair types. Collagen fibers play a crucial role in skin
rejuvenation, while wavelengths and on-premise or cloud-based
platforms cater to the needs of healthcare providers and payers.
Awareness and acceptability of aesthetic procedures continue to
grow, fueled by celebrities, fashion statements, and body sculpting
trends in aesthetic clinics. Dermatologists and plastic surgeons
remain key professionals in this field.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Medspa
- Hospital Or Surgery Center
- HPC Owned Clinic
- Traditional Spa
- Product
-
- Laser
- Light
- Ultrasound
- Radiofrequency
- Geography
-
- North America
- Asia
- Europe
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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