NEW YORK, Aug. 19, 2022 /PRNewswire/ — The “Energy-Based Aesthetic Devices Market by Product and Geography – Forecast and Analysis 2021-2025” report by Technavio expects the market size to grow by USD 1.08 billion between 2020 and 2025. The market observed a YOY growth of 5.43% in 2021 and the growth momentum is expected to accelerate at a CAGR of 6.06% during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies. Download Sample PDF Report Here
Technavio categorizes the global energy-based aesthetic devices market as part of the global healthcare equipment market. The parent market, the global healthcare equipment market, covers products and companies engaged in the research and development (R&D) of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Technavio’s report identifies Alma Lasers GmbH, Bausch Health Companies Inc., Candela Corp., Cutera Inc., Cynosure Inc., Fotona doo, IRIDEX Corp., Johnson and Johnson Inc., Lumenis Ltd., and Merz Pharma GmbH and Co. KGaA as major market participants. Although the increasing demand for aesthetic procedures, increase in the number of private clinics and treatment options, and increase in disposable income will offer immense growth opportunities, stringent regulatory approval process, risks associated with energy-based aesthetic devices, and the availability of alternatives will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast -growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here
The energy-based aesthetic devices market is segmented as below:
- Radio Frequency
The laser segment accounted for maximum revenue generation in the market in 2021. The rise in the demand for non-surgical cosmetic procedures is driving the growth of the segment. The market growth in the segment will be significant over the forecast period.
- North America
32% of the market growth is expected to originate from North America during the forecast period. The increasing number of aesthetic procedures is the key factor driving the growth of the regional market. The US is the key market for energy-based aesthetic devices in North America. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our energy-based aesthetic devices market report covers the following areas:
- Energy-Based Aesthetic Devices Market Size
- Energy-Based Aesthetic Devices Market Trends
- Energy-Based Aesthetic Devices Market Industry Analysis
Energy-Based Aesthetic Devices Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the energy-based aesthetic devices market, including some of the dominant players. Backed with competitive intelligence and benchmarking, our research reports on the energy-based aesthetic devices market are designed to provide entry support , customer profile, and M&As as well as go-to-market strategy support.
Energy-Based Aesthetic Devices Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist energy-based aesthetic devices market growth during the next five years
- Estimation of the energy-based aesthetic devices market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the energy-based aesthetic devices market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of energy-based aesthetic devices market vendors