Energy-based Aesthetic Devices Market

Energy-based Aesthetic Devices Market Outlook (2022-2032)

The global energy-based aesthetic devices market is currently valued at USD 5.8 billion and is expected to grow at a CAGR of 13.8%. The market for energy-based aesthetic devices is expected to reach USD 21.14 billion by 2032.

The energy-based aesthetic devices market is primarily driven by an increase in the prevalence of skin disorders such as dryness, acne, and fungal skin infections. Furthermore, technological advancements in aesthetic devices fuel market growth.

The COVID-19 epidemic posed significant challenges for the energy-based aesthetic devices industry. Due to the majority of aesthetic treatments were not medically necessary, lockdowns in some countries resulted in the closure of med spas, dermatology clinics, beauty clinics, and retail stores.

The rise is attributed to increased awareness, acceptance, and accessibility of these devices, product innovations, rising income, and an increase in the occurrence of chronic skin diseases. Furthermore, technological advances in MIS treatments for skin tightening and resurfacing are driving energy-based aesthetic device market growth.

The market experienced a surge as a result of increased demand for aesthetic procedures. In the market for energy-based aesthetic devices, participants have shifted their focus to obtaining approvals for energy/laser-based devices from various countries in order to expand geographically.

Report Attributes	Details
Market Size (2022)	USD 5.8 billion
Projected Market Value (2032)	USD 21.14 billion
Global Market Growth Rate	13.8%
North America Market Share	35%
Body Contouring And Skin Tightening Market Share	20%
Medspa Market Share	30%
Key Companies Profiled	Syneron Medical Ltd. Merz Pharma GmbH & Co. KGaA Lumenis Ltd. Alma Lasers Inc. Zeltiq El.En. Cutera Sisram Allergan Plc Cynosure

Golden Opportunities for the Energy-based Aesthetic Devices Market

Energy-based aesthetic devices are used to treat and manage wrinkles, unsightly lesions, and sun-damaged skin. Many people who want to look younger use energy-based aesthetic devices to advance the physiology of ageing and wrinkled skin. This escalates the energy-based aesthetic devices market trends.

The primary goal of energy-based aesthetic devices is to tighten the skin by removing excess sagging skin or stubborn fat. There are numerous aesthetic devices on the energy-based aesthetic devices indutry, including minimally invasive, non-invasive, and invasive devices.

Financial Performance for Energy-Based Aesthetic Devices

The increase in the number of aesthetically sensitive patients is driving the rise in demand for energy-based aesthetic devices. The key factors that facilitate energy-based aesthetic device market growth are an increase in accessibility to aesthetic procedures, an increase in the obese population globally, an increase in awareness about medical aesthetic treatments, and a surge in technological advancements in the field of aesthetic devices.

Rising social media exposure has resulted in an increase in aesthetic treatment awareness as well as the availability of various energy-based aesthetic treatments on the market. As a result, the global population is constantly striving to look young. These factors surge the adoption of energy-based aesthetic devices as well as the sales of energy-based aesthetic devices.

Segmentation Insights

Insights into Application

The body contouring and skin tightening segment in the energy-based aesthetic devices market had the highest revenue share of more than 20.0%. This is due to the rapid increase in the young population's desire to appear flawless. The increased use of social media for beauty campaigns and promotions has resulted in an increase in demand for body contouring and skin tightening treatments surging the demand for energy-based aesthetic devices on the whole.

The global market for energy-based aesthetic devices has been segmented by application into body contouring and skin tightening, skin rejuvenation, hair removal, leg vein treatment, vaginal rejuvenation, pigmented lesion and tattoo removal, and others.

• Nearly 560,464 nonsurgical fat reduction procedures were performed globally in 2020. The segment's growth is expected to be boosted by an increase in the number of obese people worldwide as a result of unhealthy lifestyles.
• SculpSure is a noninvasive body contouring device developed by Cynosure, Inc. that marks and destroys nearly 24% of unwanted fat cells in 25 minutes.

Insights into End Use

The medspa segment ruled the market, accounting for more than 30.0% of total revenue. Medspa facilities are well-known for being well-equipped with technologically advanced cosmetic and laser treatment systems, which is anticipated to fuel market growth for energy-based aesthetic devices.

Due to the availability of specialists in medspas, the majority of people visit them. The increase in the number of aesthetic procedures in medspa drives energy-based aesthetic devices industry growth.

Some of the key factors driving market growth include an increase in the number of medspas around the world, an increase in demand for energy-based aesthetic devices, and an increase in the adoption of fat-reduction procedures in the obese population.

Furthermore, the rise in the prevalence of chronic skin diseases, the ease of access to energy-based aesthetic devices in medspa, and the increase in the number of skin tightening and resurfacing procedures drive market growth for energy-based aesthetic devices.

Country Insights

North America

North America market accounted for more than 35.0% of total revenue. This is due to an increase in the number of energy-based aesthetic device manufacturers and suppliers, as well as rapid advancement in the aesthetic devices sector by key players.

Why is the United States a dominant market?

Across the region, technological advancements in aesthetic devices used for hair removal, skin tightening, skin resurfacing, and other aesthetic treatments are increasing. Furthermore, a rise in the impact of dissatisfaction with appearance and a desire to improve self-confidence and appear younger boost energy-based aesthetic devices market growth.

For example, the United States is expected to have a large overweight population of nearly 125 million by 2030. Other factors driving the regional market include increased awareness of energy-based aesthetic treatments, improved healthcare infrastructure, an increase in disposable income, an increase in the number of product launches, and increased R&D activities.

Europe

What Attracts Europeans to Energy-based Aesthetic Devices?

The major factors contributing to the growth of the European market are an increase in obesity, increased awareness of aesthetic procedures and rising adoption of minimally invasive devices, and technological advancement in devices, which continue to be key drivers in the region. This growth prospect offers significant revenue generation opportunities for aesthetic device manufacturers.

The market for energy-based aesthetic devices is expected to grow significantly, owing to the increasing number of medical spas opening in Europe and increased patient demand for minimally and non-invasive body contouring procedures. Furthermore, due to the high-profit margins of these procedures, physicians are anticipated to add cellulite reduction and skin tightening to their service offerings, boosting the adoption of energy-based aesthetic devices.

Asia Pacific

What Makes Japan a Profitable Market?

“Japan's investment is consistently increasing.”

Akita, Aomori, Fukushima, and Yamanashi have a growing geriatric population, making Japan a favourable market for energy-based aesthetic devices. The tendency to conceal signs of ageing is anticipated to set a precedent in East Asia, increasing demand for energy-based aesthetic devices. The Japanese energy-based aesthetic devices market is expected to expand.

While a lack of healthcare facilities and workers has been a major challenge, leading economies such as Japan and China are likely to highlight the market growth.

How is Market Manufacturers Drawn to China?

Due to the presence of key players in China, the mainland has become an ideal hunting ground for developing advanced fillers. It is also worth noting that the increasing number of breast reconstruction procedures is anticipated to be a major driver in the Asia Pacific market for energy-based aesthetic devices.

How is the Thai Market Evolving?

One of the major motivators for the adoption of energy-based aesthetic devices is the shifting trend toward maintaining optimal aesthetic beauty. The rising medical tourism and an ageing population are expected to drive market growth. The demand for cosmetic procedures is growing, while reimbursements for traditional insurance-based medicine are decreasing.

Medical practitioners of all specialties engage in medical aesthetic practices, such as performing aesthetic procedures in their offices or working in medical spas. In the country, minimally invasive procedures such as injectables, laser hair removal, chemical peels, laser skin resurfacing, and non-invasive fat reduction have grown in popularity. Thus, boosting the energy-based aesthetic devices market adoption trend.

Comparative View of Adjacent Energy-based Aesthetic Devices Industry

Market for Energy-based Aesthetic Devices:

Attributes	Energy-based Aesthetic Devices Market
CAGR (2022-2032)	13.8%
Market Value (2027)	USD 11.08 Billion
Growth Factor	Technological advancements in aesthetic devices drive energy-based aesthetic devices market growth.
Opportunity	The market for energy-based aesthetic devices experienced a surge as a result of increased demand for energy-based aesthetic devices.
Key Trends	Market participants have shifted their focus to obtaining approvals for energy/laser-based devices from various countries in order to expand geographically.

Direct Energy Medical Devices Market :

Attributes	Direct Energy Medical Devices Market
CAGR (2022-2032)	4.3%
Market Value (2027)	USD 1.96 Billion
Growth Factor	The rising prevalence of chronic illness, as well as rising awareness of aesthetic procedures, is anticipated to drive the direct energy medical devices market.
Opportunity	The growing preference for minimally invasive surgical procedures, as well as growing awareness about the safety and benefits of direct energy medical devices, are driving the direct energy medical devices market.
Key Trends	The direct energy medical devices market is expected to be driven by the increasing adoption of less invasive surgeries.

Smart Fabrics Market :

Attributes	Smart Fabrics Market
CAGR (2022-2032)	30.4%
Market Value (2027)	USD 9581.59 Million
Growth Factor	The smart fabrics market is undergoing a transformation due to a positive convergence of technology and textiles, which has resulted in the easy integration of comfortable fabric-based sensors, as well as the introduction of conductive yarns that can be woven into fabrics.
Opportunity	Technological advancements in the wireless and electronics sectors have resulted in the miniaturisation and incorporation of electronic components in conductive textiles, which has fueled smart fabrics market growth.
Key Trends	The development of clothes/fabrics that monitor every movement with ground-breaking technology, allowing for textile recycling and re-use, is expected to play a significant role in driving the smart fabrics market over the forecast period.

Competitive Landscape

The market is incredibly competitive. Strategic collaborations, product launches, geographical expansions, and partnerships through mergers and acquisitions are increasingly popular among key market players in economically favourable and emerging regions.

Recent Development :

Date	Company Name	Strategy	Details
March 2022	Alma Lasers Ltd.	Ownership	Alma Lasers Ltd., a wholly-owned subsidiary of Sisram Medical Ltd., launched two products in the United States market in March 2022: the Alma TED1, which addresses consumer demand for hair growth treatments, and the cannabidiol CBD+ professional skincare solution, which is used to visibly reduce redness and calm the appearance of stressed skin.
May 2022	Sisram Medical Ltd.	Expansion	Sisram Medical Ltd. is anticipated to expand its home-use brand, LMNT, in China in May 2022. It is the first step toward providing consumers with a beauty treatment they can use at home to supplement their wellness routine. The goal is to create useful content and maintain long-term engagement with its target audiences.
February 2021	US FDA	Drug Approval	Restylane Defyne was approved by the US FDA in February 2021 for the treatment and correction of mild-to-moderate chin restoration in adults over the age of 21.
2020	InMode Ltd.	Certification	InMode Ltd. announced the certification of Evolve Tone by Health Canada in 2020. The Evolve Tone is a hands-free aesthetic device that incorporates three body remodelling technologies: Trim, Tite, and Tone.
August 2020	Sensus Healthcare, Inc	Acquisition	Sensus Healthcare, Inc. announced the acquisition of two mobile aesthetic laser companies that serve the state of Florida in August 2020: Aesthetic Mobile Laser Services and Aesthetic Laser Partners.
2019	Alma Laser	Partnership	Alma Laser formed a strategic alliance with IBSA (a market leader in hyaluronic acid products) in 2019 to promote a new approach to aesthetic treatment.

Key Segments

• By Application :

  • Body Contouring & Skin Tightening
  • Skin Rejuvenation
    • Wrinkles
    • Acne & Other Scars
    • Skin Pigmentation
    • Aging
  • Hair Removal
  • Leg Vein Treatment
  • Vaginal Rejuvenation
  • Pigmented Lesion & Tattoo Removal
  • Others

• By End-use :

  • Hospital/Surgery Center
  • Medspa
  • Traditional Spa
  • HCP Owned Clinic

• By Region :

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe