Copyright © 2022 StrategyHelix Inc. All Rights Reserved.
Global Energy-based Aesthetic Devices Market - Outlook and Forecast 2022-2027
The global energy-based aesthetic devices market experienced significant growth in recent years, with a value of USD 4.92 billion in 2021 and an expected reach of USD 9.07 billion by 2027, growing at a CAGR of 10.75%. These devices have revolutionized the field of non-surgical medical aesthetic treatments. The market growth has been fueled by advancements in technology and the availability of products. Energy-based aesthetic devices are commonly used for various procedures such as skin tightening, resurfacing, rejuvenation, body contouring, and hair removal.
The market landscape of energy-based aesthetic devices has undergone rapid changes, leading to accelerated growth. The entry of new products into the market has created opportunities for growth. Established and emerging industry players have also contributed to market growth through the development of new products. In the period between 2021 and 2022, several new products were launched, expected to drive the rate of aesthetic procedures in the near future. Technological advancements, including intense pulse light technology, cryolipolysis, LED, and Nd:YAG laser, have also played a role in driving the market. For example, InMode, a global medical technology company, introduced EVOLVE in 2020, which is a non-invasive and hands-free platform for adipose tissue treatment, skin remodeling, and muscle toning. Such innovative devices have helped propel the non-invasive medical aesthetic procedures market.
|No. of Pages||
USD 4.9 billion in 2020
Technology, Application, Gender, End-users, and Geography
|No. of Companies Mentioned||
Technological advancements and innovation in energy-based aesthetic devices have made minimally invasive and non-invasive treatments more accessible globally. Lasers, light-based technologies, and radiofrequency (RF) are widely used in medical aesthetic procedures. As a result, healthcare professionals have increasingly purchased energy-based aesthetic devices. Procedures such as hair removal and transplantation, skin tightening, rejuvenation, feminine rejuvenation, and cellulite reduction have become more sophisticated and effective due to high-tech functionality.
The global energy-based aesthetic devices market is seeing rapid growth due to an increasing target population and a preference for medical aesthetic treatments. The growing aging population and their concerns about body appearance have created a significant demand for energy-based aesthetic products. Aging is unavoidable, and the focus on aesthetics among older adults has boosted the market. Females, in particular, contribute significantly to the demand for aesthetic procedures.
Despite the positive growth, there are still barriers to industry expansion. Complications, risks, and adverse events associated with energy-based therapies pose limitations to market growth. These devices use various energy sources that can cause damage to the skin, ranging from moderate to severe. Regulatory approvals often classify energy-based aesthetic devices as Class II due to the potential risks. Factors such as individual variability in skin types and human errors can also impact the outcomes of these procedures. Thermal disruption of collagen fibers caused by energy-based devices can lead to overheating, loss of subcutaneous fat, and the development of scars between the muscle and skin.
The market is segmented based on various factors, including technology, application, gender, end-users, and geography.
Segmentation by Technology
Segmentation by Application
Body-Contouring & Skin Tightening
Leg Vein Treatment
Segmentation by Gender
Segmentation by End-users
Hospitals & Skin Clinics
Medical Spa & Beauty Centers
Segmentation by Geography
North America – US, Canada
Europe – Germany, France, UK, Italy, Spain, Russia
APAC – China, Japan, India, South Korea, Australia
Latin America – Brazil, Mexico, Argentina
Middle East & Africa – South Africa, Saudi Arabia, UAE, Turkey
The technology segment of the global energy-based aesthetic devices market saw laser-based devices accounting for 38.91% of market share in 2021. This can be attributed to the growing demand for energy-based anti-aging procedures as well as the high demand for hair removal aesthetic procedures. Laser-based aesthetic procedures such as hair removal, skin resurfacing, skin tightening, and non-surgical fat reduction were particularly popular in 2022, leading to an increased application rate of laser-based medical devices and driving the growth of the energy-based aesthetic devices market.
The light-based segment of the global market is experiencing a compound annual growth rate (CAGR) of 10% during the forecast period. Light-based aesthetic devices work by utilizing energy sources to rejuvenate the skin, improve complexion and texture, and provide a smoother and younger appearance. Recent years have seen an increase in the application rate of light-based devices due to technological advancements and the availability of next-generation products. These devices are capable of eliminating unwanted imperfections and delivering optimal results.
Body contouring and skin tightening represent a major segment, accounting for a 29.03% higher industry share in 2021. With the global rise in obesity rates, there has been a significant increase in demand for both surgical and non-surgical fat reduction devices used in body contouring procedures. Additionally, the aging population has driven the demand for non-surgical skin tightening procedures, further contributing to the growth of this segment.
The hair removal segment of the global energy-based aesthetic devices market is growing at a CAGR of 11.10% during the forecast period. In 2020 alone, over 1.8 million non-surgical hair removal procedures were performed worldwide. Hair removal has become a prominent aesthetic treatment globally, necessitating the use of energy-based devices such as lasers and light-based technologies. Factors fueling this growth include increasing disposable income, greater awareness of aesthetic beauty, and increased accessibility to hair removal treatments.
In 2021, the female segment accounted for 81.02% of the market share in the energy-based aesthetic devices market, with an expected CAGR of 10.42% during the forecast period. Women have shown a higher level of knowledge and awareness regarding aesthetic procedures and the benefits of improving their appearance. Chinese, South Korean, American, Indian, and other populations of women have exhibited significant interest in body contouring and skin rejuvenation procedures. The widespread use of internet applications and rising disposable income have also contributed to the popularity of non-surgical aesthetic procedures. Additionally, societal pressures and evolving beauty standards have resulted in high demand for energy-based devices used in aesthetic treatments. Furthermore, the influence of online influencers and celebrities has played a role in driving demand for facial cosmetic procedures and fashion trends, providing further opportunities for growth in the energy-based aesthetic devices market.
The end-user segment of the global market is divided into hospitals and skin clinics, medical spas and beauty centers, and others. Hospitals and skin clinics represent the leading segment, accounting for 63.92% of industry share in 2021. These establishments are the primary sources for receiving skin care treatments. The introduction of energy-based aesthetic devices into hospitals, skin clinics, and clinical practices has revolutionized the field of dermatology. New technologies allow for customized treatment options, expanding knowledge and enhancing the services provided by these practices. The increasing availability of cutting-edge aesthetic devices in these settings has accelerated the growth of this segment. Moreover, promotional activities conducted by market players targeting hospitals and skin clinics have further fueled this growth.
North America is the leading region in the global energy-based aesthetic devices market, claiming a 40.37% market share. The presence of market players, intense competition, and continuous product launches have resulted in a higher application rate of energy-based aesthetic devices in the region. Additionally, the region’s high healthcare expenditure, growing awareness, and a greater number of medical aesthetic practices have contributed to significant industry growth. In the United States, consumer interest in medical aesthetic treatments has been steadily increasing due to rising concerns about skin and body appearance. The country’s substantial youth and geriatric population, along with their knowledge about medical aesthetic procedures and willingness to spend on them, have driven the demand for minimally invasive and non-invasive procedures, thereby propelling the growth of the energy-based aesthetic devices market.
The European energy-based aesthetic devices market is projected to grow at a CAGR of 11.58% during the forecast period. Increasing access to medical aesthetic procedures, coupled with higher healthcare expenditure and the introduction of innovative products, has led to a surge in demand for minimally invasive procedures. Moreover, the demand for anti-aging therapies, non-surgical fat reduction procedures, and hair removal treatments has significantly influenced the application rate of energy-based aesthetic devices in the European market, contributing to its growth.
The APAC region has witnessed a significant boom in medical aesthetic procedures compared to other regions globally. Countries such as China, Japan, India, South Korea, and others present lucrative growth opportunities for the energy-based aesthetic devices market. The increasing awareness and preference among people for skin appearance and beauty issues have propelled the popularity of medical aesthetic procedures. The use of social media and internet platforms, combined with targeted promotional activities by market players, has further accelerated the demand for energy-based aesthetic procedures in the region, thus contributing to the growth of the energy-based aesthetic devices market.
In recent years, the global energy-based aesthetic devices market has experienced substantial growth, accompanied by intensifying competition among market players. Within this market, established leaders, emerging companies, and start-ups alike strive for significant expansion through the implementation of diverse business strategies. Factors such as increased promotional activities, frequent product launches, continuous product advancements, and the development of aesthetic care significantly contribute to the competitive landscape. Presently, many market players prioritize the delivery of new products as the next-generation solutions for aesthetic care. The rapid growth of the technological environment plays a crucial role in shaping the overall market dynamics, as both patients and healthcare professionals actively seek innovative and advanced features in treatment devices. Furthermore, most vendors in this market offer a wide range of minimally invasive body contouring devices to cater to the evolving needs of their clientele.
Key companies profiled in this report include Bausch Health Companies, Cynosure, Cutera, Lumenis, Sisram Medical, AbbVie, Aerolase, Aesthetics Biomedical, Asclepion Laser Technologies, Beijing ADSS Development, BISON Medical, Brera Medical Technologies, BTL Group of Companies, Cartessa Aesthetics, Candela Medical, ENDYMED, El. En, Erchonia, F Care Systems, Fotona, GSD – Global Skin Dermatologist, InMode, Lutronic, Lynton Lasers, Merz Pharma, PhotoMedex, Sciton, Sofwave, ThermiGen, Venus Concept, Wavemed SRL.
Recent Industry Developments
Cutera, a prominent global aesthetics device company, unveiled the Secret PRO in September 2020. This ablative CO2 laser is specifically designed for skin resurfacing and deep dermal remodeling, further enhancing Cutera’s extensive product portfolio.
In 2017, Bausch Health Companies introduced its advanced Thermage FLX product in the United States. This fourth-generation non-invasive treatment option utilizes the RF platform, offering patients a state-of-the-art solution for various aesthetic concerns.
Lumenis, a well-established player in the industry, is renowned for its comprehensive 360-degree aesthetic solution. In 2022, the company made significant strides by introducing a groundbreaking triLift category within aesthetic treatments. This innovation opens up new avenues for revenue generation and provides enhanced options for aesthetic procedures.
Key Questions Answered
What is the size of the energy-based aesthetic devices market?
The energy-based aesthetic devices market had a valuation of USD 4.92 billion in 2021 and is expected to reach USD 9.07 billion by 2027.
How is the growth of the energy-based aesthetic devices market?
The global energy-based aesthetic devices market is experiencing a growth rate of 10.75% from 2021 to 2027.
What factors contribute to the booming energy-based aesthetic devices market?
The energy-based aesthetic devices market is witnessing significant growth due to new product launches, technological advancements in energy-based medical aesthetic devices, and increasing demand for minimally invasive and non-invasive treatments.
Who are the major players in the global energy-based aesthetic devices market?
The leading companies in the global energy-based aesthetic devices market include Bausch Health Companies, Cynosure, Cutera, Lumenis, and Sisram Medical.
What are energy-based aesthetic devices?
Energy-based aesthetic devices (EBD) are advanced solutions that utilize adjustable wavelengths to perform various aesthetic and cosmetic procedures.
Which region dominates the global energy-based aesthetic devices market share?
North America is the dominant region in the global energy-based aesthetic devices market, accounting for a market share of 40.37%. The presence of market players, high competition, continuous product launches with innovation and advancement contribute to the widespread use of energy-based aesthetic devices in the region.