Global Energy Based Devices Market, By Technology (Electrical, Radiation, Laser-Based, Light-Based, Electromagnetic, Ultrasound-Based, Cryolipolysis/Cryotherapy, Thermal, Microwave, Hydromechanical, Suction-Based, RF-Based, Plasma Energy-Based, UV, Infrared, Low Temperature-Based), By Application (Aesthetics, Cardiovascular, Gynaecology, Orthopaedics, Urology, Ophthalmology), Sales Channel (Indirect, Direct), End-User (Dermatology & Cosmetic Clinics, Hospitals, Home-Care, Multi-Speciality Centers, Stand-Alone Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, 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 the Middle East & Africa)-Industry Trends and Forecast to 2028
The energy based devices market is expected to witness market growth at a rate of 11.1% in the forecast period of 2021 to 2028. Data Bridge Market Research report on energy based devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demands for minimally invasive treatment procedures is escalating the growth of energy based devices market.
Energy based devices is largely dominated by the aesthetic applicable devices and therefore any factor impacting the aesthetic and cosmetics surgery-related market will result in a domino effect for the energy-based devices for various medical applications that they are designed for such as cardiovascular, gynaecology, orthopaedics, urology, ophthalmology amongst various others.
Major factors that are expected to boost the growth of the energy based devices market in the forecast period are the growing awareness of energy-based devices’ safety and performance features. Furthermore, the increase in the geriatric population is further anticipated to propel the growth of the energy based devices market. On the other hand, the dearth of reimbursement policies is further projected to impede the growth of the energy based devices market in the timeline period.
In addition, the increasing volumes of energy based aesthetic devices being developed by the various manufacturers for home based usage or homecare applications will further provide potential opportunities for the growth of the energy based devices market in the coming years. However, strict guidelines and lockdowns that were obligatory by several governments around the world might further challenge the growth of the energy based devices market in the near future.
This energy based devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized 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 the energy based devices 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 Energy Based Devices Market Scope and Market Size
The energy based devices market is segmented on the basis of technology, application, sales channel and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them in making strategic decisions for the identification of core market applications.
- On the basis of technology, the energy based devices market is segmented into electrical, radiation, laser-based, light-based, electromagnetic, ultrasound-based, cryolipolysis/cryotherapy, thermal, microwave, hydromechanical, suction-based, RF-based, plasma energy-based, UV, infrared, low temperature-based. Laser-based is further segmented into neodymium-doped yttrium aluminum garnet (Nd:YAG), carbon dioxide (CO 2), erbium-doped yttrium aluminum garnet (Er: YAG), potassium titanyl phosphate, ruby and alexandrite. Light-based is categorized into intense pulsed light (IPL), light emitting diode (LED). Electromagnetic is further segmented as diode-laser.
- On the basis of application, the energy based devices market is segmented into aesthetics, cardiovascular, gynaecology, orthopaedics, urology, and ophthalmology. Aesthetics is further sub segmnted into hair removal, scar removal, facial & skin resurfacing/photo rejuvenation, fat reduction & body contouring, skin tightening, cellulite reduction and others.
- On the basis of sales channel, the energy based devices market is segmented into indirect and direct.
- On the basis of end user, the energy based devices market is segmented into dermatology & cosmetic clinics, hospitals, home-care, multi-speciality centers, stand-alone centers.
Energy Based Devices Market Country Level Analysis
The energy based devices market is analyzed, and market size insights and trends are provided by country, technology, application, sales channel and end user as referenced above.
The countries covered in the energy based devices market report are the 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 the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the energy based devices market due to the rise in the volume of usage for energy based aesthetic devices. Furthermore, the growing need for surgical procedures will further boost the growth energy based devices market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the energy based devices market due to the rise in the incidence of skin cancer patients. Moreover, the attention of energy based aesthetic device manufacturers is further anticipated to propel the growth of the energy based devices market in the region in the coming years.
The country section of the energy based devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impact 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, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the 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 energy based devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the energy based devices market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the energy based devices market. The data is available for the historic period 2010-2019.
Competitive Landscape and Energy Based Devices Market Share Analysis
The energy based devices market competitive landscape provides details by a 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 the energy based devices market.
The major players covered in the energy based devices market report are CANDELA CORPORATION, IRIDEX Corporation Merz Pharma, Alma Lasers, Lumenis, TRIA BEAUTY, Hologic, Inc., Cutera, Sciton, Inc., Venus Concept, Bausch Health, Genesis Biosystems, Inc., LASEROPTEK, Deka M.E.L.A. S.r.l., ERCHONIA CORPORATION, ENDYMED MEDICAL, Fotona d.o.o., LUTRONIC, Quanta System, SharpLight Technologies Inc., Allergan, Energist Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.