| Status : Published | Published On : Dec, 2023 | Report Code : VRHC1204 | Industry : Healthcare | Available Format :
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Page : 142 |
Global Energy-Based Aesthetic Devices Market – Analysis and Forecast (2025-2030)
Industry Insights by Technology (Light-Based (IPL, LED), Laser (Nd: YAG, Ruby, Er:YAG, CO2, Potassium Titanyl Phosphate, and Alexandrite), Electromagnetic Energy (Diode-Laser, Infrared, Radiofrequency Devices), Cryolipolysis, Ultrasound, Suction-Based, Plasma Energy), by Application (Facial and Skin Resurfacing/Photo Rejuvenation, Skin Tightening, Hair Removal, Fat Reduction and Body Contouring, Cellulite Reduction), by Distribution Channel (Direct, Indirect), by End-User(Hospitals, Home-Use, Dermatology Clinics), by Geography (U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Japan, China, India, Australia, South Korea, Brazil, U.A.E, Saudi Arabia, South Africa, South Africa)
Industry Overview
The Global Energy-Based Aesthetic Devices Market was valued at USD 3.4 billion in 2023, which will grow at a CAGR of 13.1% during the forecast period. Several devices such as light-based, laser, electromagnetic, and cryolipolysis majorly contribute to the energy-based aesthetic devices market size. The increasing geriatric population, increasing prevalence of skin diseases, increasing awareness for personal and beauty care, and demand for the minimally invasive aesthetic procedure, propel the growth of the market. Energy-based aesthetic devices utilize different types of energy, such as laser, radiofrequency, ultrasound, and light-based technologies, to deliver targeted energy to specific areas of the body. These devices are designed to provide precise and controlled treatments, offering patients minimal discomfort and downtime compared to traditional surgical procedures.The market for energy-based aesthetic devices has been growing rapidly in recent years, driven by factors such as increasing consumer demand for non-surgical cosmetic treatments, technological advancements in the field, and a growing aging population seeking aesthetic procedures. The market includes a wide range of devices, including laser systems, radiofrequency devices, ultrasound devices, and intense pulsed light (IPL) devices.
Market Segmentation
Insight by Technology
On the basis of technology, the global energy-based aesthetic devices market is categorized into light-based, laser, electromagnetic energy, cryolipolysis, ultrasound, suction-based, plasma energy, wherein laser-based devices hold the largest share in the market. The laser-based devices are also anticipated to witness significant growth during the forecast period due to the increasing demand for laser treatments in various procedures and technological advancements. Laser-based devices are further categorized into neodymium-doped yttrium aluminum garnet (Nd: YAG), ruby, erbium-doped yttrium aluminum garnet (Er:YAG), carbon dioxide (CO2), potassium titanyl phosphate, and alexandrite.
Light based devices are categorized into intense pulse light (IPL) and light emitting diode (LED), whereas electromagnetic devices are categorized into diode-laser, infrared, and radiofrequency devices.
Insight by Application
Based on application, the energy-based aesthetic devices market is segmented into facial and skin resurfacing/photo rejuvenation, skin tightening, hair removal, fat reduction and body contouring, and cellulite reduction. Among all the applications, hair removal is the most common application of energy-based aesthetic devices. The sale of energy-based hair removal devices will remain the highest during the forecast period. Increasing popularity of laser hair removal procedure is one of the primary factor leasings to the demand for hair removal devices.
Insight by Distribution Channel
Based on distribution channel, the energy-based aesthetic devices market is segmented into the direct and indirect channel. Among the two categories, the sale of these devices through direct channels is anticipated to grow at the faster rate during the forecast period. This is primarily due to the higher margin for manufacturers and lower prices for consumers through direct sales. With the increasing demand for home-use devices and booming e-commerce industry, manufacturers are using their own website as direct sales growth strategy.
Insight by End User
Based on end user, the energy-based aesthetic devices market is segmented into hospitals, home-use, dermatology clinics. The home-use energy based aesthetic devices market is expected to witness the fastest growth in demand during the forecast period, the technological advancements and development of hand-held devices.
Global Energy Based Aesthetic Devices Market Report Coverage
|
Report Metric |
Details |
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Historical Period |
2018 - 2023 |
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Base Year Considered |
2024 |
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Forecast Period |
2025 - 2030 |
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Market Size in 2023 |
U.S.D. 3.4 Billion |
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Revenue Forecast in 2030 |
U.S.D. xx.x Billion |
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Growth Rate |
13.1% |
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Segments Covered in the Report |
By Technology, By Application, By Distribution Channel and By End-User |
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Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
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Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, South America and Rest of the World |
Industry Dynamics
Trends
The development of home-use devices is the key trend witnessed in the market. Major companies are focusing on the development of hand-help and miniaturization devices convenient for home-use.
Skin rejuvenation: Devices using laser, radiofrequency, or IPL technologies are used to improve the appearance of the skin by reducing wrinkles, fine lines, age spots, and acne scars.
Body contouring: Energy-based devices, such as radiofrequency and ultrasound systems, are employed to target and reduce unwanted fat deposits, providing body contouring and shaping.
Hair removal: Laser and IPL devices are utilized for long-term hair removal by selectively targeting and damaging hair follicles.
Tattoo removal: Laser devices are commonly used for tattoo removal by breaking down the ink pigments in the skin.
Skin tightening: Radiofrequency devices deliver controlled heat to stimulate collagen production, resulting in tighter and firmer skin.
Non-surgical fat reduction: Energy-based devices, such as cryolipolysis machines (commonly known as "fat freezing" devices), use controlled cooling to selectively reduce fat cells in specific areas.
Growth Drivers
Global energy-based aesthetic devices market has been driven by several key factors, predominantly demand for minimally invasive aesthetic procedure, increasing geriatric population, increasing prevalence of skin diseases. Moreover, increasing awareness for personal and beauty care across the globe is propelling the demand for advanced aesthetic devices. Energy-based devices help in minimally invasive procedures thus creating immense revenue growth opportunities for the manufacturers.
Restraints
The high cost of energy-based devices and lack of reimbursement policies for aesthetic procedures impede the growth of the global energy-based aesthetic devices market.
Geography Insight
Geographically, North America is the largest energy-based aesthetic devices market as the region is home to a large number of industry players and also has the highest healthcare expenditure globally. Moreover, high disposable income in the region leads to high out of pocket expenditure by consumers in North America especially in the U.S. According to the World Bank, the GNI per capita in the U.S. was $48,880 in 2010 and increased to $58,700 in 2016. Also, as per the data reported by the same organization, the U.S. health expenditure per capita was $7,949.9 in 2010 and it increased to $9,535.9 by 2015.
Asia-Pacific is observed to witness the fastest growth in the market. As the region comprises of largest population and the awareness for these devices is increasing rapidly among them. In addition, a large number of local players in the region are providing energy-based devices at low cost which lead to increased rivalry in the market.
Competitive Insight
Some of the key players operating in the global energy-based aesthetic devices market are Syneron Medical Ltd., IRIDEX Corporation, Merz Pharma GmbH & Co.KGaA, Alma Lasers Inc., Lumenis Ltd., TRIA Beauty Inc., Hologic Inc., Cutera Inc., Sciton Inc., Venus Concept Ltd., Bausch Health Companies Inc., and Genesis Biosystems Inc.
Forecast Parameters
- Identifying variables and establishing market impact.
- Establishing market trends regionally.
- Analyzing opportunities and market penetration rates by understanding product commercialization, regional expansion.
- Analyzing demand and supply trends and changes in industry dynamics to establish future growth.
- Analyzing sustainability strategies adhered by market participants in an attempt to determine the future course of the market.
- Analyzing historical market trends and super-imposing them on the current and future variables to determine the year-on-year trend.
- Understanding adoption, production, export, import, and regulatory framework.
Data Validation
- Estimated and forecasted data was validated through industry experts.
- Apart from industry experts, data triangulation methods were used for validation.
- Bottom-up and top-down approach has been used for estimation and forecast of market data, whereas top-down approach was used for validation.
- Demand, as well as supply-side surveys, were conducted in order to understand the industry dynamics and data validation.
Primary Research
VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry include CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end-user surveys comprising of consumers are also conducted to understand consumer behaviour.
The Energy-Based Aesthetic Devices Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Global Energy-Based Aesthetic Devices Market Coverage
- By Technology
- Light-Based
- Intense Pulse Light (IPL)
- Light Emitting Diode (LED)
- Laser
- Neodymium-Doped Yttrium Aluminum Garnet (Nd: YAG)
- Ruby
- Erbium-Doped Yttrium Aluminum Garnet (Er:YAG)
- Carbon Dioxide (CO2)
- Potassium Titanyl Phosphate
- Alexandrite
- Electromagnetic Energy
- Diode-Laser
- Infrared
- Radiofrequency Devices
- Cryolipolysis
- Ultrasound
- Suction-Based
- Plasma Energy
- By Application
- Facial and Skin Resurfacing/Photo Rejuvenation
- Fat Reduction and Body Contouring
- Hair Removal
- Skin Tightening
- Cellulite Reduction
- Others
- By Distribution Channel
- Direct
- Indirect
- By End User
- Hospitals
- Home-Use
- Dermatology and Cosmetic Clinics
Energy-based aesthetic devices Market by Region
- North America
- By Technology
- By Application
- By Distribution Channel
- By End User
- By Country – U.S., Canada, and Mexico
- Europe
- By Technology
- By Application
- By Distribution Channel
- By End User
- By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe
- Asia-Pacific (APAC)
- By Technology
- By Application
- By Distribution Channel
- By End User
- By Country – China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific
- Rest of the World (RoW)
- By Technology
- By Application
- By Distribution Channel
- By End User
- By Country – Brazil, Saudi Arabia, South Africa, U.A.E. and Other Countries
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Energy Based Aesthetic Devices Market