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 Based on distribution channel, the energy-based aesthetic devices market is segmented into the direct and indirect channel. Among the two categories, the sale of these devices through direct channels is anticipated to grow at the faster rate during the forecast period. This is primarily due to the higher margin for manufacturers and lower prices for consumers through direct sales. With the increasing demand for home-use devices and booming e-commerce industry, manufacturers are using their own website as direct sales growth strategy. 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 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. Some of the key players operating in the global energy-based aesthetic devices market are Syneron Medical Ltd., IRIDEX Corporation, Merz Pharma 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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