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The global energy-based aesthetic devices market was valued at USD 2,484.7 million in 2018, which will grow at a CAGR of 11.1% during the forecast period.
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)
Globally, energy-based aesthetic devices industry players are leveraging market growth through the development of advanced at-home devices for aesthetic purpose. Moreover, the emergence of a large number of small players offering advanced technologies at a lower cost is bolstering the growth of the market. Large players are investing in R&D to create product differentiation and expand their product portfolio to retain their position in the market.
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Hair removal to remain the largest application area of the energy-based aesthetic devices due to the adoption of laser devices
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 application, 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 leasing to the demand for hair removal devices.
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.
Based on distribution channel, the energy-based aesthetic devices market is segmented into direct and indirect channel. Among the two categories, the sale of these devices through direct channels is anticipated to grow at a 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.
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.
Geographically, North America has accounted for the largest share in energy-based aesthetic devices market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the existence of 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. Moreover, Asia-Pacific is expected to witness the fastest growth during the forecast period as the region comprises of largest population and the awareness for these devices is increasing rapidly among them.
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.
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In the primary data collection process, there are several sources interviewed in order to obtain precise quantitative and qualitative information for this study. The primary sources that are included for the data collection of this study comprises of manufacturers, commercial growers, industry consultants, and other key industry experts. There are several others sources that helped in gaining insightful information about this market are CEOs, marketing and sales directors, vice presidents, and key opinion leaders from various key companies operating in the global energy-based aesthetic devices market. Primary research in this report has been conducted for estimating market size, market dynamics, and strategies adopted by the key players in this market.
Secondary sources referred for this research report includes association for energy-based aesthetic devices, business filings such as financial statements, annual reports, investor presentations and trade associations. The secondary data has been used for estimating overall market size and growth of energy-based aesthetic devices market that has been authenticated with the supporting facts gathered through primary data collection.
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The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Million). The report segments the global energy-based aesthetic devices market on the basis of technology, application, distribution channel, end-user, and region.
Global Energy-Based Aesthetic Devices Market Coverage
Technology Insight and Forecast 2014-2024
Application Insight and Forecast 2014-2024
Distribution Channel Insight and Forecast 2014-2024
End-User Insight and Forecast 2014-2024
Energy-based aesthetic devices Market by Region
Rest of the World (RoW)
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