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), By Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Market Trends and Forecast to 2027
Market Analysis and Insights: Global Energy Based Devices Market
Global energy based devices market is expected to gain positive market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to be growing at a healthy CAGR of 10.6% in the above-mentioned forecast period. Market’s growth is caused due to a number of different factors, being rising demands for minimally invasive treatment procedures along with the high awareness of energy-based devices’ safety and performance features.
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.
The surge in the population levels belonging to geriatric or older age groups have been directly impacting the needs for energy-based devices in the global market as this population group suffers from a number of appearance changes with their aging bodies and subsequently require aesthetic treatments to maintain their once youthful appearance. This, along with the growing volumes of energy based aesthetic devices being developed by the various manufacturers for home based usage or homecare applications are among the major impacting factors that will be responsible for market disruption in the forecast period of 2020 to 2027.
This market report provides details of market share, new developments, product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief our team will help you create a revenue impact solution to achieve your desired goal.
Global Energy Based Devices Market Scope and Market Size
Global energy based devices market is segmented on the basis of technology, application, sales channel and end-users. The growth and extensive insights of these particular segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Based on technology the 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 segment 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.
Energy based devices market is further segmented based on application into aesthetics, cardiovascular, gynaecology, orthopaedics, urology, and ophthalmology. Aesthetics market is further categorized into hair removal, scar removal, facial & skin resurfacing/photo rejuvenation, fat reduction & body contouring, skin tightening, cellulite reduction and others.
The market has also been segmented into indirect and direct segments on the basis of sales channel.
The global energy based devices market is also segmented based on end user into dermatology & cosmetic clinics, hospitals, home-care, multi-speciality centers, stand-alone centers.
Energy Based Devices Market Country Level Analysis
Global energy based devices market is analysed and market size information is provided by country by technology, application, sales channel and end-users as referenced above.
The countries covered in the 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 in Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market due to the rising volume of usage for energy based aesthetic devices from the region having the highest volume of surgical procedures in the energy based devices market while the Asia-Pacific region is expected to grow at the highest growth rate due to the increasing prevalence of skin cancer patients in the region along with focus of energy based aesthetic device manufacturers in the region to provide product innovations and advancements for the forecast period of 2020 to 2027.
The country section of the 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 new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs 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 sales channels are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Global energy based devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for energy based devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the energy based devices market. The data is available for the historic period of 2010 to 2018.
Competitive Landscape and Energy Based Devices Market Share Analysis
Global energy based devices 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, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to energy-based devices market.
The major players covered in the report of energy based devices market 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 players domestic and global. Market Share data is available for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Similarly, in June 2019 for the expansion of aesthetic treatments and solutions, two experts of their field IBSA Farmaceutici Italia srl focused on hyaluronic acid products and Alma Lasers leader of energy-based solutions entered into a partnership for the development and promotion of a new method of aesthetic medicines. This partnership will involve the combination of both the companies’ expertise and will subsequently offer a more effective method for maintaining better healthcare of tissues and reducing the ageing process amongst individuals.
Customization Available: Global Energy Based Devices Market
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