CHICAGO, Jan. 25, 2023 /PRNewswire/ -- According to Arizton's latest research report, the energy-based aesthetic devices market will grow at a CAGR of 10.8% from 2021-2027. New product launches, technological advancement in energy-based medical aesthetic devices, and increasing demand for minimally invasive and non-invasive treatments are significant trends contributing to the energy-based aesthetic devices market growth. Minimally invasive and non-invasive aesthetic treatments have grown in the last decade. Energy-based devices play a key role and becoming more popular in recent years. With the help of energy-based devices, laser hair removal, skin resurfacing, skin tightening, and fat reduction are majorly demanding procedures that have increased and leveraged the high demand for energy-based aesthetic devices. In 2020, people spent around $9.3 billion on aesthetic procedures. Around $3 billion was registered for non-invasive treatment and $6 billion for invasive treatments. From 2019-2020, the expenditure for aesthetic procedures almost increased to 80%. This increasing expenditure for minimally invasive procedures shows that energy-based aesthetic procedures have lucrative opportunities.
GLOBAL ENERGY-BASED AESTHETIC DEVICES MARKET REPORT SCOPE
Report Attributes |
Details |
Market Size (2027) |
USD 9 Billion |
Market Size (2021) |
USD 5 Billion |
CAGR (2021-2027) |
10.8 % |
Base Year |
2021 |
Forecast Year |
2022-2027 |
Market Segments |
Technology, Application, Gender, End-users, and Geography |
Geographic Analysis |
North America, Europe, APAC, Latin America, and Middle East & Africa |
Countries Covered |
The US, Canada, Germany, Italy, Russia, the UK, France, Spain, Japan, China, India, South Korea, Australia, Brazil, Mexico, Argentina, Turkey, Saudi Arabia, the UAE, and South Africa |
Key Leading Vendors |
Bausch Health Companies, Cynosure, Cutera, Lumenis, Sisram Medical, AbbVie, Aerolase, Aesthetics Biomedical, Asclepion Laser Technologies, Beijing ADSS Development, BISON Medical, Brera Medical Technologies, BTL Group of Companies, Cartessa Aesthetics, Candela Medical, ENDYMED, El. En, Erchonia, F Care Systems, Fotona, GSD - Global Skin Dermatologist, InMode, Lutronic, Lynton Lasers, Merz Pharma, PhotoMedex, Sciton, Sofwave, ThermiGen, Venus Concept, and Wavemed SRL |
Page Number |
348 |
Market Dynamics |
|
Customization Request |
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RISING ATTRACTION TOWARD MEDICAL TOURISM IS ONE OF THE BEST FACTORS IMPACTING THE MARKET GROWTH
Medical tourism is significantly increased and captured a significant market for medical aesthetic treatments. The increasing expenditure for aesthetic procedures drives medical tourism growth in developing countries, such as Mexico, Argentina, Brazil, India, South Korea, and Turkey. The increasing medical tourism adds value to the emerging country's economy. Medical tourism is one of the best solutions for market growth. The availability of aesthetic procedures at lower cost and rising attraction toward medical tourism positively influence market growth. Developing countries have been attracting national and international people/patients by building state-of-the-art services and facilities at affordable prices.
GEOGRAPHICAL ANALYSIS
In APAC, the energy-based aesthetic devices market experienced significant growth due to the increasing expenditure and rapid acceptance of medical aesthetic treatments. The market is growing rapidly due to the changing lifestyle in higher- and middle-income patient pools. The rising medical tourism in India, South Korea, and Japan have pushed the higher market growth of the region. The increasing use of social media and internet services and promotional activities by the market players in the region accelerates the demand for energy-based aesthetic procedures and contributes to market growth. Moreover, medical professionals' increasing acceptance of energy-based aesthetic devices (EBD) and the preference for minimally invasive procedures have fueled market growth in recent years.
Europe is one of the major markets for energy-based aesthetic devices. The Nations of Europe and the European Union are diverse, as are their economic situation. Germany, Sweden, France, the UK, and Switzerland are the leading countries in the economic status view, which deliver high market growth opportunities. Germany has a high number of dermatologist and plastic surgeons that significantly offers laser-based and other energy-based aesthetic medical device solutions. On the other side, low-cost medical aesthetic services in Spain and Italy attracted more population through medical tourism.
RECENT DEVELOPMENTS IN THE GLOBAL ENERGY-BASED AESTHETIC DEVICES MARKET
- Cutera is a leading global aesthetics device company with a comprehensive product portfolio. In September 2020, it launched the Secret PRO, an ablative CO2 laser. The Secret PRO is designed for skin resurfacing and deep dermal remodeling.
- In 2017, the Bausch Health Companies launched its next-generation Thermage FLX product in the US, a fourth-generation non-invasive treatment option using the RF platform.
- Lumenis is well-known for its 360-degree aesthetic solution; in 2022, the company introduced a new triLift category in aesthetic treatments that will deliver revenue generation opportunities.
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KEY PROMINENT VENDORS
- Bausch Health Companies
- Cynosure
- Cutera
- Lumenis
- Sisram Medical
- AbbVie
- Aerolase
- Aesthetics Biomedical
- Asclepion Laser Technologies
- Beijing ADSS Development
- BISON Medical
- Brera Medical Technologies
- BTL Group of Companies
- Cartessa Aesthetics
- Candela Medical
- ENDYMED
- El. En
- Erchonia
- F Care Systems
- Fotona
- GSD - Global Skin Dermatologist
- InMode
- Lutronic
- Lynton Lasers
- Merz Pharma
- PhotoMedex
- Sciton
- Sofwave
- ThermiGen
- Venus Concept
- Wavemed SRL
MARKET SEGMENTATION
Technology
- Laser-Based
- Light-Based
- Electromagnetic Based
- Ultrasound
- Cryolipolysis
- Others
Application
- Body-Contouring & Skin Tightening
- Skin Rejuvenation
- Hair Removal
- Vaginal Rejuvenation
- Leg Vein Treatment
- Others
Gender
- Female
- Male
End-users
- Hospitals & Skin Clinics
- Medical Spa & Beauty Centers
- Others
Geography
- North America
- US
- Canada
- Europe
- Germany
- Italy
- Russia
- UK
- France
- Spain
- APAC
- Japan
- China
- India
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- South Africa
CHECK OUT SOME OF THE TOP-SELLING RELATED RESEARCH REPORTS:
Body Contouring Devices Market - Global Outlook and Forecast 2022-2027: The global body contouring devices market is expected to cross USD 12.6 billion by 2027. The growing demand for medical aesthetics treatments is propelling the growth of the body contouring devices market. The medical aesthetic is one of the rapidly growing industries because of the rising aging population and advanced procedure launches that deliver the market a new opportunity for growth.
Medical Aesthetics Market - Global Outlook & Forecast 2022-2027: The global medical aesthetics market is projected to reach USD 45.52 billion by 2027. The global medical aesthetics market trends include consumers seeking aesthetic procedures starting at a younger age, an uptick in men seeking cosmetic enhancement procedures, and an increasing preference for non-invasive cosmetic procedures instead of cosmetic surgery. The market is witnessing the launch of many advanced and innovative devices and products from global, regional, and local vendors. Facelifts, liposuction, botox & neuromodulators, skin resurfacing, and intense pulse light procedures are witnessing high demand from various age groups.
Medical Laser Market - Global Outlook and Forecast 2022-2027: The global medical lasers market is projected to reach USD 9.29 billion by 2027. The growing demand for aesthetic and cosmetic procedures among adult and aging populations is driving the market. There is a high awareness regarding physical appearance, which is increasing the number of people opting for medical laser-based treatments. However, the high cost of medical laser treatments and associated regulatory challenges can hinder industry growth.
Non-Surgical Skin Tightening Market - Global Outlook & Forecast 2022-2027: The global non-surgical skin tightening market is expected to reach $1.78 billion by 2027. The heightened demand for non-surgical procedures and the devices used for the therapies are anticipated among the young and beauty-conscious population. Advanced devices used in medical aesthetics procedures and non-surgical skin tightening procedures enable secure and effectual non-invasive lysis of fats under the skin. The well-established key vendors such as Alma Lasers, Ltd., Solta Medical Inc. (Bausch Health Companies Inc.), Cutera Inc., Cynosure, Inc., and many others are focused on the strategies, expansion, and launches of innovative products in the industry.
TABLE OF CONTENT
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET BY TECHNOLOGY
4.3.2 MARKET BY APPLICATION
4.3.3 MARKET BY GENDER
4.3.4 MARKET BY END-USERS
4.3.5 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 PREMIUM INSIGHTS
6.1 OVERVIEW
7 MARKET AT A GLANCE
8 INTRODUCTION
8.1 OVERVIEW
8.1.1 COVID-19 IMPACT ON ENERGY-BASED AESTHETIC DEVICES
9 MARKET OPPORTUNITIES & TRENDS
9.1 NEW PRODUCTS LAUNCHED IN MARKET
9.2 TECHNOLOGY ADVANCES IN ENERGY-BASED MEDICAL AESTHETIC DEVICES
9.3 INCREASING DEMAND FOR MINIMALLY INVASIVE AND NON-INVASIVE TREATMENTS
10 MARKET GROWTH ENABLERS
10.1 THE INCREASING TARGETED POPULATION
10.2 BROADER RANGE AND ACCESSIBILITY TO SAFE AND EFFECTIVE TREATMENTS
10.3 INCREASING EXPENDITURE AND MEDICAL TOURISM
11 MARKET RESTRAINTS
11.1 STRINGENT REGULATORY APPROVAL PROCEDURES
11.2 RISK ASSOCIATED WITH ENERGY-BASED AESTHETIC DEVICES
11.3 ALTERNATIVE OPTIONS FOR ENERGY-BASED AESTHETIC DEVICES
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.1.1 INSIGHTS BY GEOGRAPHY
12.1.2 INSIGHTS BY TECHNOLOGY
12.1.3 INSIGHTS BY APPLICATION
12.1.4 INSIGHTS BY GENDER
12.1.5 INSIGHTS BY END-USERS
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13 TECHNOLOGY
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 LASER-BASED
13.3.1 MARKET OVERVIEW
13.3.2 MARKET SIZE & FORECAST
13.3.3 MARKET BY GEOGRAPHY
13.4 LIGHT-BASED
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST
13.4.3 MARKET BY GEOGRAPHY
13.5 ELECTROMAGNETIC-BASED
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST
13.5.3 MARKET BY GEOGRAPHY
13.6 ULTRASOUND
13.6.1 MARKET OVERVIEW
13.6.2 MARKET SIZE & FORECAST
13.6.3 MARKET BY GEOGRAPHY
13.7 CRYOLIPOLYSIS
13.7.1 MARKET OVERVIEW
13.7.2 MARKET SIZE & FORECAST
13.7.3 MARKET BY GEOGRAPHY
13.8 OTHERS
13.8.1 MARKET OVERVIEW
13.8.2 MARKET SIZE & FORECAST
13.8.3 MARKET BY GEOGRAPHY
14 APPLICATION
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 BODY CONTOURING & SKIN TIGHTENING
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST
14.3.3 MARKET BY GEOGRAPHY
14.4 SKIN REJUVENATION
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST
14.4.3 MARKET BY GEOGRAPHY
14.5 HAIR REMOVAL
14.5.1 MARKET OVERVIEW
14.5.2 MARKET SIZE & FORECAST
14.5.3 MARKET BY GEOGRAPHY
14.6 VAGINAL REJUVENATION
14.6.1 MARKET OVERVIEW
14.6.2 MARKET SIZE & FORECAST
14.6.3 MARKET BY GEOGRAPHY
14.7 LEG VEIN TREATMENT
14.7.1 MARKET OVERVIEW
14.7.2 MARKET SIZE & FORECAST
14.7.3 MARKET BY GEOGRAPHY
14.8 OTHERS
14.8.1 MARKET OVERVIEW
14.8.2 MARKET SIZE & FORECAST
14.8.3 MARKET BY GEOGRAPHY
15 GENDER
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 MARKET OVERVIEW
15.3 FEMALE
15.3.1 MARKET OVERVIEW
15.3.2 MARKET SIZE & FORECAST
15.3.3 MARKET BY GEOGRAPHY
15.4 MALE
15.4.1 MARKET OVERVIEW
15.4.2 MARKET SIZE & FORECAST
15.4.3 MARKET BY GEOGRAPHY
16 END-USERS
16.1 MARKET SNAPSHOT & GROWTH ENGINE
16.2 MARKET OVERVIEW
16.3 HOSPITALS & SKIN CLINICS
16.3.1 MARKET OVERVIEW
16.3.2 MARKET SIZE & FORECAST
16.3.3 MARKET BY GEOGRAPHY
16.4 MEDICAL SPA & BEAUTY CENTERS
16.4.1 MARKET OVERVIEW
16.4.2 MARKET SIZE & FORECAST
16.4.3 MARKET BY GEOGRAPHY
16.5 OTHERS
16.5.1 MARKET OVERVIEW
16.5.2 MARKET SIZE & FORECAST
16.5.3 MARKET BY GEOGRAPHY
17 GEOGRAPHY
17.1 MARKET SNAPSHOT & GROWTH ENGINE
17.2 GEOGRAPHIC OVERVIEW
18 NORTH AMERICA
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.3 TECHNOLOGY
18.3.1 MARKET SIZE & FORECAST
18.4 APPLICATION
18.4.1 MARKET SIZE & FORECAST
18.5 GENDER
18.5.1 MARKET SIZE & FORECAST
18.6 END-USER
18.6.1 MARKET SIZE & FORECAST
18.7 KEY COUNTRIES
18.7.1 US: MARKET SIZE & FORECAST
18.7.2 CANADA: MARKET SIZE & FORECAST
19 APAC
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.3 TECHNOLOGY
19.3.1 MARKET SIZE & FORECAST
19.4 APPLICATION
19.4.1 MARKET SIZE & FORECAST
19.5 GENDER
19.5.1 MARKET SIZE & FORECAST
19.6 END-USERS
19.6.1 MARKET SIZE & FORECAST
19.7 KEY COUNTRIES
19.7.1 CHINA: MARKET SIZE & FORECAST
19.7.2 JAPAN: MARKET SIZE & FORECAST
19.7.3 SOUTH KOREA: MARKET SIZE & FORECAST
19.7.4 INDIA: MARKET SIZE & FORECAST
19.7.5 AUSTRALIA: MARKET SIZE & FORECAST
20 EUROPE
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.3 TECHNOLOGY
20.3.1 MARKET SIZE & FORECAST
20.4 APPLICATION
20.4.1 MARKET SIZE & FORECAST
20.5 GENDER
20.5.1 MARKET SIZE & FORECAST
20.6 END-USERS
20.6.1 MARKET SIZE & FORECAST
20.7 KEY COUNTRIES
20.7.1 GERMANY: MARKET SIZE & FORECAST
20.7.2 ITALY: MARKET SIZE & FORECAST
20.7.3 RUSSIA: MARKET SIZE & FORECAST
20.7.4 SPAIN: MARKET SIZE & FORECAST
20.7.5 FRANCE: MARKET SIZE & FORECAST
20.7.6 UK: MARKET SIZE & FORECAST
21 LATIN AMERICA
21.1 MARKET OVERVIEW
21.2 MARKET SIZE & FORECAST
21.3 TECHNOLOGY
21.3.1 MARKET SIZE & FORECAST
21.4 APPLICATION
21.4.1 MARKET SIZE & FORECAST
21.5 GENDER
21.5.1 MARKET SIZE & FORECAST
21.6 END-USERS
21.6.1 MARKET SIZE & FORECAST
21.7 KEY COUNTRIES
21.7.1 BRAZIL: MARKET SIZE & FORECAST
21.7.2 MEXICO: MARKET SIZE & FORECAST
21.7.3 ARGENTINA: MARKET SIZE & FORECAST
22 MIDDLE EAST & AFRICA
22.1 MARKET OVERVIEW
22.2 MARKET SIZE & FORECAST
22.3 TECHNOLOGY
22.3.1 MARKET SIZE & FORECAST
22.4 APPLICATION
22.4.1 MARKET SIZE & FORECAST
22.5 GENDER
22.5.1 MARKET SIZE & FORECAST
22.6 END-USERS
22.6.1 MARKET SIZE & FORECAST
22.7 KEY COUNTRIES
22.7.1 TURKEY: MARKET SIZE & FORECAST
22.7.2 SAUDI ARABIA: MARKET SIZE & FORECAST
22.7.3 UAE: MARKET SIZE & FORECAST
22.7.4 SOUTH AFRICA: MARKET SIZE & FORECAST
23 COMPETITIVE LANDSCAPE
23.1 COMPETITION OVERVIEW
23.2 MARKET SHARE ANALYSIS
23.2.1 ABBVIE
23.2.2 BAUSCH HEALTH
23.2.3 CANDELA
23.2.4 CYNOSURE
23.2.5 CUTERA
23.2.6 LUMENIS
23.2.7 LUTRONIC
23.2.8 SISRAM MEDICAL
24 KEY COMPANY PROFILES
24.1 ABBVIE
24.1.1 BUSINESS OVERVIEW
24.1.2 PRODUCT OFFERINGS
24.1.3 KEY STRATEGIES
24.1.4 KEY STRENGTHS
24.1.5 KEY OPPORTUNITIES
24.2 BAUSCH HEALTH
24.3 CANDELA
24.4 CYNOSURE
24.5 CUTERA
24.6 LUMENIS
24.7 LUTRONIC
24.8 SISRAM MEDICAL
25 OTHER PROMINENT VENDORS
25.1 ABBVIE
25.1.1 BUSINESS OVERVIEW
25.1.2 PRODUCT OFFERINGS
25.2 AEROLASE
25.3 AESTHETICS BIOMEDICAL
25.4 ASCLEPION LASER TECHNOLOIES
25.5 BEIJING ADSS DEVELOPMENT
25.6 BISON MEDICAL
25.7 BRERA MEDICAL TECHNOLOGIES
25.8 BTL GROUP OF COMPANIES
25.9 CARTESSA AESTHETICS
25.10 ENDYMED
25.11 EL.EN
25.12 ERCHONIA
25.13 F CARE SYSTEMS
25.14 FOTONA
25.15 GSD-GLOBAL SKIN DERMATOLOGIST
25.16 INMODE
25.17 LYNTON LASER
25.18 MERZ PHARMA
25.19 PHOTOMEDEX
25.20 SCITON
25.21 SOFWAVE
25.22 THERMIGEN
25.23 VENUS CONCEPT
25.24 WAVEMED SRL
26 REPORT SUMMARY
26.1 KEY TAKEAWAYS
26.2 STRATEGIC RECOMMENDATIONS
27 QUANTITATIVE SUMMARY
27.1 MARKET BY GEOGRAPHY
27.2 MARKET BY TECHNOLOGY
27.3 MARKET BY APPLICATION
27.4 MARKET BY GENDER
27.5 MARKET BY END-USERS
27.6 TECHNOLOGY: MARKET BY GEOGRAPHY
27.6.1 LASER-BASED: MARKET BY GEOGRAPHY
27.6.2 LIGHT-BASED: MARKET BY GEOGRAPHY
27.6.3 ELECTROMAGNETIC BASED: MARKET BY GEOGRAPHY
27.6.4 ULTRASOUND: MARKET BY GEOGRAPHY
27.6.5 CRYOLIPOLYSIS: MARKET BY GEOGRAPHY
27.6.6 OTHERS TECHNOLOGY: MARKET BY GEOGRAPHY
27.7 APPLICATION: MARKET BY GEOGRAPHY
27.7.1 BODY CONTOURING & SKIN TIGHTENING: MARKET BY GEOGRAPHY
27.7.2 SKIN REJUVENATION: MARKET BY GEOGRAPHY
27.7.3 HAIR REMOVAL: MARKET BY GEOGRAPHY
27.7.4 VAGINAL REJUVENATION: MARKET BY GEOGRAPHY
27.7.5 LEG VEIN TREATMENT: MARKET BY GEOGRAPHY
27.7.6 OTHERS APPLICATION: MARKET BY GEOGRAPHY
27.8 GENDER: MARKET BY GEOGRAPHY
27.8.1 FEMALE: MARKET BY GEOGRAPHY
27.8.2 MALE: MARKET BY GEOGRAPHY
27.9 END-USERS: MARKET BY GEOGRAPHY
27.9.1 HOSPITALS & SKIN CLINICS: MARKET BY GEOGRAPHY
27.9.2 MEDICAL SPA & BEAUTY CENTERS: MARKET BY GEOGRAPHY
27.9.3 OTHER END-USERS: MARKET BY GEOGRAPHY
28 APPENDIX
28.1 ABBREVIATIONS
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