Global Energy-Based Aesthetic Devices Market – Analysis and Forecast (2019-2024)

1. Global Energy-Based Aesthetic Devices Market

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3. Global Energy-Based Aesthetic Devices Market 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. Several devices such as light-based, laser, electromagnetic, and cryolipolysis majorly contribute to the energy-based aesthetic devices market size. Increasing geriatric population, increasing the prevalence of skin diseases, increasing awareness for personal and beauty care, demand for the minimally invasive aesthetic procedure, propelling the growth of the market.

4. Global Energy-Based Aesthetic Devices Market Global energy-based aesthetic devices market has been driven by several key factors, predominantly demand for minimally invasive aesthetic procedure, increasing geriatric population, increasing prevalence of skin diseases. Moreover, increasing awareness for personal and beauty care across the globe is propelling the demand for advanced aesthetic devices. Energy-based devices help in minimally invasive procedures thus creating immense revenue growth opportunities for the manufacturers.

5. Global Energy-Based Aesthetic Devices Market Geographically, North America is the largest energy-based aesthetic devices market as the region is home to 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. According to the World Bank, the GNI per capita in the U.S. was $48,880 in 2010 and increased to $58,700 in 2016. Also, as per the data reported by the same organization, the U.S. health expenditure per capita was $7,949.9 in 2010 and it increased to $9,535.9 by 2015.  Asia-Pacific is observed to witness the fastest growth in the market. As the region comprises of largest population and the awareness for these devices is increasing rapidly among them. In addition, a large number of local players in the region are providing energy-based devices at low cost which lead to increased rivalry in the market.

6. Global Energy-Based Aesthetic Devices Market Some of the key players operating in the global energy-based aesthetic devices market are Syneron Medical Ltd., IRIDEX Corporation, MerzPharma 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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