Energy-Based Aesthetic Devices Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMMD4785 | Last Updated On: Mar 07 2022 | Available Formats

> Global Energy-Based Aesthetic Devices Market Expected to reach a high CAGR By 2028: DataM Intelligence

Energy-Based Aesthetic Devices Market  is Segmented By Product & Services (Electronic Health/Medical Records, Healthcare Analytics, Claims Management Solutions, Payments Management Solutions, Support, and Maintenance Services, Others ), By Deployment (On-premise, Cloud-based, Healthcare Providers, Healthcare Payers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029


Market- Overview

The Global "Energy-based Aesthetic Devices Market" is Expected to reach at a high CAGR of 10.2% during the forecast period (2021-2028).     

The energy-based aesthetic devices are used for various skin operations, including skin resurfacing, skin tightening, and body sculpting. Aesthetic clinics and dermatologists are the primary users of these gadgets. Energy-Based Aesthetic Devices (EBADs) are precise and targeted devices with variable wavelengths that allow for various treatment alternatives. For delivering lasers on nanoscale scales, they use different wavelengths of light and other fiber-optic methods. Energy-Based Aesthetic Devices, such as light-based devices with aesthetic technologies like intensified pulsed light (IPL), which is for all skin types, especially for persons with darker hair and complexion, offer a variety of technological advantages.

Source: DataM Intelligence Analysis (2021)

Market Dynamics

A growing number of people with chronic skin conditions, a lower risk of skin damage, sensitivity in treatment based on skin type and texture, hair thickness, and hair color contribute to the market's increased demand for Energy-Based Aesthetic Devices. Furthermore, increased public awareness of skin conditions and the introduction of advanced and novel devices such as compact pen-shaped Energy-Based Aesthetic Devices will create lucrative opportunities in the Energy-Based Aesthetic Devices market.

The increase in prevalance of old and obese population will drive the market growth

Most people experience skin laxity as they grow older (skin loosening). Skin laxity is most common between the ages of 35 and 40, with most cases occurring after the age of 65. According to United Nations figures from 2019, there were 703 million people aged 65 and up in the globe 2019, with the number of older adults expected to quadruple to 1.5 billion by 2050. As a result, the growing global aging population is predicted to raise energy-based aesthetic gadgets. People are becoming more aesthetically conscious and constantly want to seem young and attractive. According to the British Association of Aesthetic Plastic Surgeons, figures from 2019, over 28,000 cosmetic treatments were performed in 2018, a minor rise of 0.1 percent from 2017. According to the report, the most significant increases were for liposuction, which increased by 12 percent, and facelifts, which increased by 9 percent. As a result, increased population adoption of various cosmetic procedures is predicted to drive the global market for energy-based aesthetic devices.

Obesity is also spreading quickly over the world due to poor and inactive lifestyles. According to World Health Organization data from 2021, over 13% of the world's adult population (11 percent of men and 15% of women) were obese in 2016. As a result of this critical situation, the market for energy-based aesthetic devices has the potential to grow, as these devices have arguably made the most progress in the realm of aesthetics, particularly in the relatively new arenas of fat reduction and non-invasive skin tightening, among others.

Furthermore, the businesses are constantly focused on inventing and introducing new devices to the market. For example, Alma, a Sisram Medical Company, just announced the DermaClear 3-in-1 in 2020.

In Europe, there is only one skin hydradermabrasion platform. It's a high-powered hydradermabrasion platform for exfoliation, cleansing, extraction, and hydration, created to fulfill the growing need for high-quality, risk-free, and thorough skincare treatments. As a result, such company endeavors are projected to aid the market and patients in their treatment, boosting the market for energy-based aesthetic devices.

Furthermore, despite leading a healthy lifestyle, the skin loses collagen over time as a result of hormonal changes, resulting in changes in body fat composition, unattractive rolls of localized fat, cellulite, skin laxity, and other skin complications such as fine lines, discoloration, acne scars, large pores, broken blood vessels, and age spots, to name a few. With various energy-based cosmetic devices, these disorders can be addressed or improved with minimum skin invasion and adverse effects.Furthermore, many physicians and cosmetologists worldwide are now mixing skincare treatments with aesthetic treatments, as skincare treatments can help laser and IPL treatments work better. Energy-based aesthetic gadgets are becoming increasingly popular as a result of these characteristics.

High cost of the devices are likely to hamper the market growth

In developing economies, research and development spending primarily rely on funding from outside sources. Although governments and private bodies try to fund research programs, many research firms and academic institutes face budget constraints. They cannot afford advanced and high-priced equipment and technologies, which harms the growth of these industries and their expansion in developing countries. Furthermore, there is a scarcity of skilled professionals in this industry, further impeding its growth. As a result, interpreting complex data takes time, and researchers face challenges, resulting in slow industry growth.

COVID-19 Impact Analysis

the market for Energy-Based Aesthetic Devices observed a period of moderate growth owing to the outbreak of COVID-19, because of the reduction observed in patient visits to dermatology and aesthetic clinics, shutting down of the manufacturing and supply units owing to lockdown. Also, the high cost of these Energy-Based Aesthetic Devices can be a potential setback for the Energy-Based Aesthetic Devices market.However, the Energy-Based Aesthetic Devices market is gradually trying to get normalcy as per the improving situation owing to relaxation given in the COVID-19 lockdown restrictions and opening up of the manufacturing and supply centers. Manufacturers are taking appropriate steps to address the challenges that have arisen due to the pandemic and have continued developing alternative and technologically advanced energy-based aesthetic devices.

Segment Analysis

The laser technology segment is expected to grow at the fastest CAGR during the forecast period (2021-2028)     

Laser-based aesthetic devices are expected to have the largest market share in the Energy-Based Aesthetic Devices technology segment. This is due to its numerous cosmetic applications, including skin tightening, hair reduction, fat destruction, and tattoo removal.Furthermore, laser treatment targets aging and sun-damaged skin by using microscopic laser columns that penetrate deep into the skin to speed up the body's collagen remodeling. Furthermore, because the laser only treats a fraction of the tissue, it leaves the surrounding tissue intact, promoting rapid healing. Furthermore, recent commercialization activities among manufacturers to expand the portfolio of laser technology-equipped aesthetic devices are expected to boost the market. Sensus Healthcare, Inc., for example, announced in August 2020 the accession of two mobile aesthetic laser companies serving the state of Florida: Aesthetic Laser Partners and Aesthetic Mobile Laser Services. Furthermore, Alma Laser entered into a strategic partnership with IBSA (a market leader in hyaluronic acid products) in 2019 to promote a new approach to aesthetic treatment. In the US, Europe, and Australia, Cynosure introduced the Elite iQ platform, the next version of the Elite+ Aesthetic Workstation, for laser hair removal and skin rejuvenation applications. As a result, all factors above are likely to fuel this segment.

Source: DataM Intelligence Analysis (2021)

Geographical Analysis

North America region holds the largest market share of global energy-based aesthetic devices  market

North America is leading the the global market in terms of revenue share, which is likely to continue during the forecast period. North America's dominance, on the other hand, will be openly challenged by the European market. The market growth is being driven by factors such as huge technological advancements in minimally invasive skin treatments for lifting and tightening the skin, increasing chronic skin conditions among Americans requiring aesthetic treatment, increasing affordability, raising awareness and acceptability of cosmetic treatments. Furthermore, factors expected to contribute to the growth of the Energy-Based Aesthetic Devices market in the United States include increasing public awareness of various aesthetic procedures, the region's exponentially rising obese population, and the growing adoption of non-invasive and minimally invasive devices. For example, according to the American Society of Plastic Surgeons (ASPS) New Plastic Surgery Statistics, roughly a quarter-million more cosmetic surgeries were executed in 2018 than in 2017. In 2018, more than 17.7 M surgical and minimally invasive cosmetic operations were performed in the United States, according to the American Society of Plastic Surgeons (ASPS) annual plastic surgery statistics report. The data also found a growth in innovative body-shaping procedures, such as non-invasive fat reduction and surgeries like breast augmentations and liposuction, with a jump in non-invasive fat reduction.

Source: DataM Intelligence Analysis (2021)

Competitive Landscape

The energy-based aesthetic devices market is highly competitive with presence of local as well as global companies.  Some of the key players which are contributing to the growth of the market include Alma Lasers, Candela Medical,Lumenis, Cutera, Hologic Inc,Sciton Inc,Merz Pharma GmbH & CoKGaA, Bausch Health Companies Inc, Venus Concept, TRIA  BEAUTY, Cynosure Inc, SharpLight Technologies Inc.

The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the energy-based aesthetic devices market globally. For instance,

  • In April 2019, Lumenis Ltd., a producer of energy-based medical devices for cosmetic, surgical, and ophthalmic applications, has introduced the Legend Pro+, a multi-application platform with complementary technologies. The Legend Pro+ is an aesthetic technology platform for the face and body that provides a relaxing experience with rapid results, long-term efficacy, and minimal pain and downtime.
  • Cynosure's Elite iQTM Aesthetic Workstation, a laser-based technology device that offers various benefits for effective hair removal and skin revitalization, was released on June 1, 2020. Compared to previous generation devices, the machine allows for faster treatments with higher maximum energy.
  • Eclipse debuted the MicroPen EVOTM Advanced Microneedling Device on June 1, 2021, and it is now available in the United States and Canada.
  • On July 12, 2021, Astanza won the Aesthetic Everything 2021 Aesthetic and Cosmetic Medicine Awards for the best aesthetic firm, best laser treatments, and best training. Because the company is a key participant in the sector and is based in the United States, the United States is expected to grow at a faster rate in this category.
  • Scinton announced launched its latest platform, mJOULE, on June 18, 2021, in the United Kingdom, which incorporates MOXI and BBL HERO. This system includes its newest fractional treatment, MOXI, and the BBL HERO therapy, which are both based on pulsed light-based technology.
  • On August 17, 2020,Lumenis has announced that NuEra Tight, which uses FocalRF technology, had received a Breakthrough Designation.
  • In November 2020,With IntelliSTIMTM, a third-generation body shaping technology, Lutronic introduced Intelligent Care in Muscle Stimulation.
  • In October 2020,Alma, a Sisram Medical Company, introduces Alma HybridTM, which offers a wide range of ablative, non-ablative, and thermal skin rejuvenation and scar correction procedures.
  • In September 2018,Ellipse, a privately held Danish medical device firm that makes and offers laser-based platforms and intense pulsed light (IPL)  for a wide variety of medical and aesthetic skin treatments, was bought by Candela Corporation, an energy-based aesthetic device manufacturer.

Candela Medical

Overview: Candela is a renowned US-based global medical aesthetic device firm with headquarters in Wayland, Massachusetts, founded in 1970. Physicians can use the company's technologies to treat benign vascular and pigmented lesions, scars, facial resurfacing, wrinkle reduction, acne, leg veins, cellulite, body shape, women's health, and tattoo and hair removal among other medical-aesthetic uses.

Product Portfolio:

Frax ProThe Frax Pro system is a cutting-edge fractional diode laser that uses 1550 nm and 1940 nm wavelengths to perform highly targeted dual-depth skin resurfacing.  For patient comfort, it contains the revolutionary SoftCoolTM air conditioning system.

Why Purchase the Report?

  • Visualize the composition of the global energy-based aesthetic devices market segmentation by technology, application, product type end user, and region highlighting the key commercial assets and players.
  • Identify commercial opportunities in global energy-based aesthetic devices market by analyzing trends and co-development deals.  
  • Excel data sheet with thousands of data points of global energy-based aesthetic devices market- level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study. 
  • Product mapping in excel for the key product of all major market players

The global energy-based aesthetic devices market report would provide an access to an approximately 40+ market data table, 45+ figures and 180 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Market Segmentation

Global Energy-Based Aesthetic Devices Market– By Technology

  • Laser Based Technology
  • Light Based Technology
  • Energy Based Technology

Global Energy-Based Aesthetic Devices Market- By Application

  • Hair Removal
  • Skin Rejuvenation
  • Skin Tightening
  • Skin Resurfacing
  • Others

Global Energy-Based Aesthetic Devices Market– By Product Type

  • Laser Resurfacing Devices
  • Body-Contouring Devices

Global Energy-Based Aesthetic Devices Market– By End-User

  • Hospital
  • Dermatology Clinics
  • Others

Global Energy-Based Aesthetic Devices Market- By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America
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