NEW
YORK, July 16, 2024 /PRNewswire/ -- The
global energy-based aesthetic devices market size is estimated
to grow by USD 2.13 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of over 9.45% during the forecast period. Increasing
demand for aesthetic procedures is driving market
growth, with a trend towards emergence of combination
treatments and home-use devices. However, risks associated
with energy-based aesthetic devices poses a challenge. Key market
players include Alma Lasers Ltd., Bausch Health Companies Inc.,
Candela Corp., Concord Medisys, Cutera Inc., Cynosure LLC,
DELEO SAS, EndyMed Medical Ltd,
Energist Ltd., Erchonia Corp, Fotona d.o.o, IRIDEX Corp., Johnson
and Johnson Services Inc., Lumenis Be Ltd., Lutronic Inc., Merz
Pharma GmbH and Co KGaA, Sciton Inc., SharpLight Technologies Inc.,
Tria Beauty, and Venus Concept Inc..
Get a detailed analysis on regions, market
segments, customer landscape, and companies - Click for the
snapshot of this report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Medspa,
Hospital or surgery center, HPC owned clinic, and Traditional spa),
Product (Laser, Light, Ultrasound, and Radiofrequency), and
Geography (North America, Asia, Europe, and Rest of World
(ROW))
|
Region
Covered
|
North America, Asia,
Europe, and Rest of World (ROW)
|
Key companies
profiled
|
Alma Lasers Ltd.,
Bausch Health Companies Inc., Candela Corp., Concord Medisys,
Cutera Inc., Cynosure LLC, DELEO SAS, EndyMed Medical Ltd, Energist
Ltd., Erchonia Corp, Fotona d.o.o, IRIDEX Corp., Johnson and
Johnson Services Inc., Lumenis Be Ltd., Lutronic Inc., Merz Pharma
GmbH and Co KGaA, Sciton Inc., SharpLight Technologies Inc., Tria
Beauty, and Venus Concept Inc.
|
Key Market Trends Fueling Growth
The aesthetic industry is witnessing a shift towards combination
treatments, as surgeons integrate surgical and non-surgical
procedures for more holistic results. This approach, which may
include facial rejuvenation, dermal fillers, energy-based devices,
and neurotoxins, is customized to each patient's unique needs. By
offering these packages at competitive prices, clinics aim to boost
customer satisfaction. Additionally, there is a growing trend
towards home-use energy-based aesthetic devices, offering
significant cost and time savings for consumers. As awareness
increases and technology advances, the market for these devices is
expanding globally. Vendors have an opportunity to develop
user-friendly, safe, and economical products to cater to this
demand. However, more clinical evidence is necessary to encourage
wider adoption of these combination treatments.
The Energy-Based Aesthetic Devices market is experiencing
significant growth due to increasing trends in skin damage
treatments. Companies like Bausch Health and Lutronic lead the way
with innovative solutions for addressing issues such as
sensitivity, sun-damaged skin, fine lines, discoloration, acne
scars, and skin laxity. Obesity and hormonal changes also drive
demand for body contouring treatments like collagen stimulation,
skin tightening, and hair removal. Awareness and acceptability of
aesthetic procedures are on the rise, with statistics showing a
decrease in plastic surgery and an increase in non-invasive
alternatives. Safety concerns and infection control are top
priorities, with virtual patient consultations and teledermatology
offering convenient and safe options. Unwanted lesions and wrinkles
continue to be common concerns, with Alma
Laser and Aesthetic Laser Partners providing effective
solutions. The obese population and aesthetically sensible patients
seek out HCP-owned clinics for comprehensive care, making this
market a promising investment opportunity.
Discover 360° analysis of this market. For
complete information, schedule your consultation- Book
Here!
Market Challenges
- Energy-based aesthetic devices offer various benefits, such as
skin rejuvenation and body contouring. However, their use involves
risks and complications. These devices emit hazardous radiation,
which can lead to serious health effects, including skin color
changes and herpes infection. High-power energy devices can cause
damage to the eye and skin, and anesthesia complications, blood
clots, allergic reactions, adverse effects due to undiagnosed
medical issues, and injury to blood vessels and nerves are other
potential risks. Long-term side effects can affect the quality of
life of end-users. Early versions of CO2 resurfacing lasers had a
high rate of thermal injury, discomfort, pain, dyspigmentation,
skin eruptions, scarring, erythema, infections, and more downtime.
The thermal damage was due to the continuous wave nature of
conventional CO2 lasers. Later, Er:YAG lasers were developed to
reduce thermal damage. It's crucial to use these devices in a
controlled environment to minimize risks and ensure optimal
results. Ongoing research aims to develop a laser application that
eliminates thermal damage entirely.
- The Energy-Based Aesthetic Devices market faces several
challenges. Skin disorders and the growing demand for dermatology
procedures drive market growth. However, safety concerns and
infection control are crucial issues. Virtual patient consultations
and teledermatology are changing the game, but wrinkles, unwanted
lesions, sun-damaged skin, and aging procedures for the geriatric
population remain popular. Aesthetically sensible patients and the
obese population seek body contouring, hair removal, skin
tightening, and resurfacing. Rapid changes in aesthetic
technologies include cryolipolysis, LED, lasers, and light-based
devices using RF. Wavelengths and nanoscale scales vary for
different skin and hair types. HCP-owned clinics and aesthetic
technologies are moving on-premise and cloud-based, with healthcare
providers and payers playing key roles. Celebrities and fashion
statements fuel demand for facial cosmetic procedures, while aging
procedures and body sculpting continue to gain traction.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This energy-based aesthetic devices market report extensively
covers market segmentation by
- End-user
- 1.1 Medspa
- 1.2 Hospital or surgery center
- 1.3 HPC owned clinic
- 1.4 Traditional spa
- Product
- 2.1 Laser
- 2.2 Light
- 2.3 Ultrasound
- 2.4 Radiofrequency
- Geography
- 3.1 North America
- 3.2 Asia
- 3.3 Europe
- 3.4 Rest of World (ROW)
1.1 Medspa- The global energy-based aesthetic devices
market is experiencing significant growth, particularly in the
medical spa (medspa) segment. This growth is driven by the
increasing number of skin tightening and resurfacing procedures,
the rise in chronic skin diseases, and the easy accessibility of
energy-based devices. Medspas offer a unique blend of medical
treatments and aesthetic services in a relaxing environment.
Treatments such as Botox injections, anti-wrinkle and fine line
reduction, acne therapy, fillers, laser procedures, hair removal,
vein reduction, and stretch marks reduction are commonly offered.
Additionally, medspas provide dermatologist-recommended skin care
products for maintaining skin health. Anti-aging treatments and
non-surgical lifts, previously only available in physician's
clinics, are now accessible in medspas. These factors contribute to
the expected growth of the medspa segment in the energy-based
aesthetic devices market during the forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global dermatology devices market is poised for significant
growth driven by rising skin disorders and aesthetic procedures.
Advanced technologies like lasers and light therapies are key
trends, enhancing treatment efficacy. North America dominates due to high healthcare
expenditure and technological advancements.
The global aesthetic lasers market is expanding rapidly, fueled
by increasing demand for non-invasive cosmetic treatments.
Laser-based procedures for skin rejuvenation and hair removal are
major contributors to market growth. Asia-Pacific is emerging as a lucrative
market, driven by growing disposable incomes and adoption of
advanced aesthetic solutions.
Research Analysis
The Energy-Based Aesthetic Devices market encompasses a range of
technologies used to address various skin concerns and enhance
physical appearance. These devices utilize energy in the form of
light, heat, or radiofrequency to treat conditions such as skin
disorders, unwanted lesions, sun-damaged skin, and wrinkles.
Dermatology procedures using energy-based devices offer numerous
benefits, including precision, minimal downtime, and non-invasive
or minimally invasive treatments. However, safety concerns and
infection control are crucial considerations in their use. Virtual
patient consultations and teledermatology have emerged as
convenient alternatives for aesthetically sensible patients,
especially for those in the obese population who may find it
challenging to visit HCP-owned clinics. Energy-based devices are
also used for hair removal, skin tightening, and skin resurfacing,
among other applications. Light-based devices, including those
using wavelengths and nanoscale scales, are popular choices for
treating various skin types and hair types. Celebrities and fashion
statements have contributed to the growing popularity of facial
cosmetic procedures, while body sculpting and aesthetic clinics
continue to expand their offerings to meet the increasing demand.
Dermatologists and other healthcare professionals play a vital role
in ensuring the safe and effective use of these devices.
Market Research Overview
The Energy-Based Aesthetic Devices market encompasses a range of
technologies, including lasers, light-based devices, and
radiofrequency (RF), used to address various skin disorders and
aesthetic concerns. These devices offer solutions for dermatology
procedures such as wrinkle reduction, unwanted lesion removal,
sun-damaged skin treatment, and skin rejuvenation. With the
increasing awareness and acceptability of aesthetic procedures, the
market caters to an aesthetically sensible patient population,
including the obese and geriatric populations seeking aging
procedures. Safety concerns and infection control are crucial
factors in the market, with virtual patient consultations and
teledermatology gaining popularity. Technologies like
cryolipolysis, LED, and nanoscale lasers target body contouring and
skin tightening. Wavelengths and skin types, as well as hair types,
play significant roles in the efficacy of these devices. Healthcare
Providers and Payers, along with key players like Bausch Health
Companies and Lutronic, drive market growth. Trends include rapid
changes in aesthetic technologies, celebrity influence, and the
shift towards on-premise and cloud-based solutions. Procedures like
facelifts, facials, and body sculpting continue to be popular, with
fine lines, discoloration, acne scars, and skin laxity among common
concerns.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Medspa
- Hospital Or Surgery Center
- HPC Owned Clinic
- Traditional Spa
- Product
-
- Laser
- Light
- Ultrasound
- Radiofrequency
- Geography
-
- North America
- Asia
- Europe
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/energy-based-aesthetic-devices-market-size-is-set-to-grow-by-usd-2-13-billion-from-2024-2028--increasing-demand-for-aesthetic-procedures-to-boost-the-market-growth-technavio-302197053.html
SOURCE Technavio