Global Aesthetic Energy-Based Device Market, By Technology (Laser-Based, Light-Based, Electromagnetic Energy-Based, Ultrasound-Based, Cryolipolysis, Suction-Based, Plasma Energy-Based), Application (Hair Removal, Facial and Skin Resurfacing/Photo Rejuvenation, Fat Reduction and Body Contouring, Skin Tightening, Cellulite Reduction), Distribution Channel (Direct, Indirect), End User (Dermatology and Cosmetic Clinics, Hospitals, Home-Use), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Aesthetic Energy-Based Device Market
Data Bridge Market Research analyses that the aesthetic energy-based device market will exhibit a CAGR of around 11.25% for the forecast period of 2022-2029. Rising usage of home based aesthetic energy-based devices, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced IT healthcare technologies, rising popularity of minimally invasive surgical procedures and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of aesthetic energy-based device market.
Aesthetic energy-based devices are the medical devices that are used to improve the physiology of wrinkled and ageing skin. Aesthetic energy-based devices are used in the surgical procedures involving rejuvenation of looks such as treatment of sun damaged skin, wrinkles, and unwanted lesions.
Upsurge in the public-private funding for target research activities coupled with increased prevalence of skin burns is one of the major factors fostering the growth of the market. Rising popularity of cosmetic surgeries is another market growth determinant. Ever- rising technological advancement and innovation of new medical devices and instruments, increased number of product launches, growing support of the government for research activities, surging awareness regarding the safety and advantages of aesthetic energy based devices, rising consciousness towards self-physical beauty and increased government funding and untapped potential of the emerging markets will further generate lucrative market growth opportunities.
However, high cost of the cosmetic surgeries and lack of skilled medical professionals will derail the market growth rate. Also, lack of awareness and lack of reimbursement scenario in the underdeveloped and backward economies will further pose challenges for the market.
This aesthetic energy-based device market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on aesthetic energy-based device market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aesthetic Energy-Based Device Market Scope and Market Size
The aesthetic energy-based device market is segmented on the basis of technology, application, distribution channel and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on technology, the aesthetic energy-based device market is segmented into laser-based, light-based, electromagnetic energy-based, ultrasound-based, cryolipolysis, suction-based and plasma energy-based. Laser based are further segmented into nd:YAG, CO2, er:YAG, potassium titanyl phosphate, ruby and alexandrite. Light based are further divided into IPL and LED. Electromagnetic energy based are further segmented into diode laser, infrared based and radiofrequency based.
- Aesthetic energy-based device market has also been segmented based on the application into hair removal, facial and skin resurfacing/photo rejuvenation, fat reduction and body contouring, skin tightening and cellulite reduction.
- Based on distribution channel, the aesthetic energy-based device market is segmented into direct and indirect channel.
- Based on end user, the aesthetic energy-based device market is segmented into dermatology and cosmetic clinics, hospitals and home-use.
Aesthetic Energy-Based Device Market Country Level Analysis
The aesthetic energy-based device market is analysed and market size insights and trends are provided by country, technology, application, distribution channel and end user as referenced above.
The countries covered in the aesthetic energy-based device market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the aesthetic energy-based device market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the increase in the expenditure for research and development proficiencies and presence of major players in this region. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the increasing government expenditure on healthcare sector and increasing preference towards minimally invasive surgical procedures.
The country section of the aesthetic energy-based device market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The aesthetic energy-based device market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for aesthetic energy-based device market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the aesthetic energy-based device market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Aesthetic Energy-Based Device Market Share Analysis
The aesthetic energy-based device market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aesthetic energy-based device market.
Some of the major players operating in the aesthetic energy-based device market report are Alma Lasers, CANDELA CORPORATION., Merz Pharma, Lumenis, Cutera, Hologic, Inc., IRIDEX Corporation, DEKA Medical Inc., ENDYMED, Fotona, LUTRONIC, Quanta System., SharpLight Technologies Inc., Solta Medical, SpectruMed Inc., Abbvie Inc., CAO Group, Inc., AMD Lasers, Inc. and BIOLASE, Inc., among others.