Key Takeaways From The Global Energy-Based Aesthetic Devices Market Forecast 2024
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
As per The Business Research Company’s Energy-Based Aesthetic Devices Global Market Report 2024, the energy-based aesthetic devices market is expected to show significant growth in the forecast period.
The energy-based aesthetic devices market is experiencing rapid growth, fueled by technological advancements, increasing demand for aesthetic surgeries, and expanding global initiatives. Let’s explore the key factors shaping this burgeoning market and its promising future.
Market Growth and Projections
- The energy-based aesthetic devices market has surged from $4.78 billion in 2023 to $5.42 billion in 2024, boasting a remarkable CAGR of 13.3%.
- Projections anticipate continued expansion, reaching $8.52 billion by 2028, with a robust CAGR of 12.0%.
Surge in Aesthetic Surgeries Drives Market Growth
- Increasing demand for aesthetic surgeries is a significant driver of market expansion.
- Surgical treatments witnessed a notable increase in 2021, with a 54% rise compared to the previous year, according to the Aesthetic Society.
- Major players like Merz Pharma GmbH & Co. KGaA and Lumenis Be Ltd. dominate the energy-based aesthetic devices market.
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Technological Advancements Revolutionize Treatment Options
- Technological innovations play a pivotal role in shaping the energy-based aesthetic devices market.
- Alma’s Hybrid CO2 laser technology, launched in April 2021, exemplifies advancements in ablative skin resurfacing, offering versatile treatments for skin rejuvenation and scar revision.
- Viora’s acquisition of Sinclair Pharma underscores the industry’s focus on global expansion and strategic partnerships.
Market Segmentation and End Users
- Technology: Laser-Based, Light-Based, Electromagnetic Energy-Based, Ultrasound-Based, Cryolipolysis, and Other Technologies cater to diverse treatment needs.
- Gender: Female and Male segments reflect gender-specific aesthetic preferences.
- Distribution Channel: Indirect and Direct channels facilitate product accessibility.
- Application: Body Contouring and Skin Tightening, Skin Rejuvenation, Hair Removal, and other applications address various aesthetic concerns.
- End Users: Hospital or Surgery Center, Medspa, Traditional Spa, and HCP Owned Clinic represent key stakeholders.
Regional Dynamics
- North America leads the energy-based aesthetic devices market, driven by technological innovation and consumer demand.
- Europe emerges as the fastest-growing region, propelled by increasing awareness and adoption of aesthetic procedures.
Embracing a Promising Future
The energy-based aesthetic devices market presents a landscape of innovation and opportunity, propelled by technological breakthroughs and growing consumer interest in aesthetic enhancements. As the market continues to evolve, stakeholders must embrace collaboration, innovation, and strategic partnerships to meet evolving consumer needs and regulatory standards. With a focus on advanced material technologies, customization, sustainability, and durability, the energy-based aesthetic devices market is poised for sustained growth and transformative impact in the years ahead.
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