Energy-based Aesthetic Devices Market Size Report, 2023-2032
The global energy-based aesthetic devices market size was exhibited at USD 5.30 billion in 2023 and is projected to hit around USD 19.84 billion by 2033, growing at a CAGR of 13.9% during the forecast period 2024 to 2033.
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Key Takeaways:
Energy-based Aesthetic Devices Market Report Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 5.30 Billion |
| Market Size by 2032 | USD 19.48 Billion |
| Growth Rate From 2023 to 2032 | CAGR of 13.9% |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Segments Covered | Application, End-use, Region |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Regional Scope | North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
| Key Companies Profiled | Syneron Medical Ltd.; Merz Pharma GmbH & Co. KGaA; Lumenis Ltd.; Alma Lasers Inc.; Zeltiq; El.En.; Cutera; Sisram; Allergan Plc; Cynosure |
The market is majorly driven by a rise in the incidence of skin disorders such as dryness, acne, and fungal skin infections. Moreover, technological advancements in aesthetic devices boost the growth of the market. The energy-based aesthetics industry observed significant hindrances due to the COVID-19 epidemic. Since the majority of aesthetic treatments were not health necessities, lockdowns in some countries resulted in the closure of med spas, dermatology clinics, beauty clinics, and retail stores.
According to Allure, dermatology procedures will be slow to get a reboot during and after the pandemic due to safety concerns and infection control. However, new approaches, such as virtual patient consultations or teledermatology, can help practitioners assist patients without the risk of cross-infection. Moreover, in 2023, the market witnessed a surge owing to the increased demand for aesthetic procedures. Market players have shifted their focus toward gaining approvals for energy/laser-based devices from different countries for geographic expansion. For instance, in February 2023, Galderma announced that Restylane Defyne was approved by the U.S. FDA for treatment and correction of mild-to-moderate chin restoration in adults above 21 years of age.
Energy-based aesthetic devices are used for the treatment and management of wrinkles, unwanted lesions, and sun-damaged skin. The energy-based aesthetic devices progress the physiology of aging and wrinkled skin and are used by many people who wish to rejuvenate their looks. The key goal of energy-based aesthetic devices is to reduce the excess sagging skin or eliminate stubborn fat to achieve skin tightening. The numerous aesthetic devices available in the market include minimally invasive devices, non-invasive devices, and invasive devices.
The rise in demand for energy-based aesthetic devices is majorly driven by the increase in the number of aesthetically sensible patients. An increase in accessibility to aesthetic procedures, a rise in the obese population globally, an increase in awareness regarding medical aesthetic treatments, and a surge in technological advancements in the field of aesthetic devices are the key factors that facilitate the growth of the market. The rising social media exposure has led to a surge in aesthetic treatment awareness and the availability of different energy-based aesthetic treatments in the market. This has led the worldwide population to continuously focus on looking young.
Application Insights
The body contouring and skin tightening segment accounted for the largest revenue share of over 20.0% in 2023. This is attributed to the rapid surge in the need among the young population to appear flawless. Moreover, the rise in social media effect through beauty campaigns and promotions has resulted in the rise in demand for body contouring and skin tightening treatments. On the basis of application, the global market has been categorized into body contouring and skin tightening, skin rejuvenation, hair removal, leg vein treatment, vaginal rejuvenation, pigmented lesion and tattoo removal, and others.
For instance, in 2020, nearly 560,464 nonsurgical fat reduction procedures were performed worldwide. An increase in the number of obese people across the world owing to unhealthy lifestyles is expected to boost the growth of the segment. For instance, SculpSure, developed by Cynosure, Inc., is a noninvasive body contouring device that marks and destroys nearly 24% of unwanted fat cells in 25 minutes.
End-use Insights
In 2023, the medspa segment dominated the market and accounted for more than 30.0% of the revenue share. Medspa facilities are known to be well-founded with technologically advanced cosmetic and laser treatment systems, which will foster the growth of the market. The majority of people visit medspas due to the availability of specialists in medspa. The increase in the number of aesthetic procedures in medspa boosts the growth of the market. Based on end-use, the global market has been further divided into hospital/surgery centers, medspa, traditional spa, and HCP-owned clinic.
A rise in the number of medspas across the globe, an increase in demand for minimally invasive aesthetic treatment procedures, and a rise in adoption of fat reduction procedures in the obese population are some of the key factors that boost the growth of the market. Moreover, the rise in the prevalence of chronic skin diseases, easy accessibility of energy-based aesthetic devices in medspa, and the increase in the number of skin tightening and resurfacing procedures fuel the growth of the market.
Regional Insights
North America accounted for the largest revenue share of more than 36.0% in 2023. This is attributed to the rise in the number of energy-based aesthetic device manufacturers and suppliers and rapid advancement in the aesthetic devices sector by key players. The technological advancements in aesthetic devices used for hair removal, skin tightening, skin resurfacing, and other aesthetic treatments are increasing across the region. In addition, a rise in the impact of dissatisfaction with appearance and a need to progress in self-confidence and look younger further boost the growth of the market. For instance, the U.S. is anticipated to have a large overweight population of nearly 125 million by 2030.
The surge in awareness regarding energy-based aesthetic treatments, improving healthcare infrastructure, a rise in disposable income, an increase in the number of product launches, and rising R&D activities are the other factors driving the regional market.
Some of the prominent players in the Energy-based aesthetic devices Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2020 to 2032. For this study, Nova one advisor, Inc. has segmented the global Energy-based aesthetic devices market.
Application
End-use
By Region
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers