The global energy-based aesthetic devices market is expected to witness significant growth over the forecast period. The increasing prevalence of skin diseases such as fungal skin infections, dryness, acne, etc., and advancements in aesthetic devices are the factors expected to contribute to the growth of the market. In the U.S., a total of 4.1 million energy-based procedures were performed in 2019. The energy-based aesthetic devices market witnessed a negative impact during the first half of 2020 due to the COVID-19 pandemic as most aesthetic clinics were directed to shut down operations. However, in 2021, the aesthetic market witnessed a high surge due to the rising demand for cosmetic procedures.
Based on application, the body shaping & skin tightening segment is expected to witness the highest growth rate over the forecast period. This can be attributed to rapidly increasing desire among the youth population to look flawless. Moreover, growing social media influence through promotions and beauty campaigns has led to increase in the demand for body contouring treatments. In 2020, a total of 560,464 non-surgical fat reduction surgeries were performed worldwide. On the basis of end-use, the medspa is expected to witness significant growth over the forecast period as medspa are known to be equipped with advanced laser and cosmetic treatment systems, which is boosting the footfall in such facilities.
North America is expected to witness the highest growth rate over the forecast period due to the rapid advancement by the market players in the aesthetic devices sector. The rising awareness & demand for aesthetic procedures are another factor responsible for regional growth. In 2021, surgical aesthetic procedures increased by 54% globally.
The major players in the energy-based aesthetic devices market include Syneron Medical Ltd., Merz Pharma GmbH & Co. KGaA, Lumenis Ltd.,Alma Lasers Inc., Zeltiq, El.En., Cutera, Sisram, and Cynosure The market is getting highly competitive as the key market players are focusing on mergers & acquisition and development of advanced aesthetic devices. For instance, in June 2022, Cynosure launched the PicoSure Pro device is the first picosecond laser in the market that delivers energy in one trillionth of a second that utilizes pressure instead of heat to provide safe and effective treatments for skin revitalizations & unwanted pigmentation.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure.
"The quality of research they have done for us has been excellent."