A CAGR of 13.8% is predicted for the Energy-based Aesthetic Devices Market, which is now valued at USD 5.8 billion. By 2032, it is anticipated that the market for energy-based cosmetic devices would be worth USD 21.14 billion.
An increase in the incidence of skin conditions such dryness, acne, and fungal skin infections is the main factor driving the market for energy-based aesthetic devices. Additionally, the industry is growing because to technical developments in aesthetic gadgets.
The market for energy-based cosmetic devices faced tough hurdles as a result of the COVID-19 outbreak. Lockdowns caused the closure of med spas, dermatological clinics, beauty salons, and retail outlets in various nations since the bulk of cosmetic treatments were not medically essential.
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- By Application :
- Body Contouring & Skin Tightening
- Skin Rejuvenation
- Acne & Other Scars
- Skin Pigmentation
- Hair Removal
- Leg Vein Treatment
- Vaginal Rejuvenation
- Pigmented Lesion & Tattoo Removal
- By End-use :
- Hospital/Surgery Center
- Traditional Spa
- HCP Owned Clinic
- By Region :
- North America
- Latin America
- Asia Pacific
Key takeaways from the energy-based aesthetic devices market study include:
- Growing demand: The market for energy-based aesthetic devices is growing due to increasing consumer interest in non-invasive cosmetic procedures and the increasing availability of these devices.
- Technological advancements: Advances in technology are leading to improved outcomes and increased demand for energy-based aesthetic devices.
- Competitive landscape: The energy-based aesthetic devices market is highly competitive, with a large number of players offering a wide range of products and services.
- Region-specific growth: The energy-based aesthetic devices market is growing at different rates in different regions, with Asia-Pacific and North America leading the way in terms of growth.
- Regulatory environment: The energy-based aesthetic devices market is subject to regulation by various governmental agencies, with the US FDA and the European CE marking being the most prominent.
- Market challenges: Some of the challenges facing the energy-based aesthetic devices market include high costs, concerns about safety, and the need for trained personnel to operate the devices.
Key Companies Profiled
- Syneron Medical Ltd.
- Merz Pharma GmbH & Co.
- Lumenis Ltd.
- Alma Lasers Inc.
- Allergan Plc
The energy-based aesthetic devices market is highly competitive, with a large number of players offering a wide range of products and services. Key players in the market include companies such as Syneron Candela, Cutera, Allergan, Sciton, Solta Medical, and Lumenis.
In the energy-based aesthetic devices market, companies compete on the basis of factors such as product quality, price, technology, and brand reputation. Many companies are investing in research and development to introduce new and innovative products, which helps them to differentiate themselves from their competitors.
In addition to competition among established players, the energy-based aesthetic devices market also faces competition from new entrants and emerging technologies. Some of the emerging technologies in the market include non-invasive body contouring devices, such as cryolipolysis and high-intensity focused ultrasound (HIFU), which are gaining popularity due to their safety and effectiveness.