More than USD 9 Billion Spent on Aesthetic Procedures, the Market to Mark USD 9 Billion by 2027 - Arizton


Posted February 22, 2023 by Jessica_Shirley

With a 40.37% market share, North America dominates the market for energy-based aesthetic devices worldwide.

 
The market for energy-based aesthetic devices grew significantly in APAC as a result of rising expenditure and rapid acceptance of medical aesthetic treatments. Because of the changing lifestyles of higher- and middle-income patient pools, the market is rapidly expanding. Rising medical tourism in India, South Korea, and Japan has pushed the region's market growth to new heights. The increasing use of social media and internet services and promotional activities by the market players in the region accelerates the demand for energy-based aesthetic procedures and contributes to market growth. Moreover, medical professionals' increasing acceptance of energy-based aesthetic devices (EBD) and the preference for minimally invasive procedures have fueled market growth in recent years.
Europe is one of the major markets for energy-based aesthetic devices. The Nations of Europe and the European Union are diverse, as are their economic situation. Germany, Sweden, France, the UK, and Switzerland are the leading countries in the economic status view, which deliver high market growth opportunities. Germany has a high number of dermatologist and plastic surgeons that significantly offers laser-based and other energy-based aesthetic medical device solutions. On the other side, low-cost medical aesthetic services in Spain and Italy attracted more population through medical tourism.

Recent Developments In The Global Energy-Based Aesthetic Devices Market
Cutera is a leading global aesthetics device company with a comprehensive product portfolio. In September 2020, it launched the Secret PRO, an ablative CO2 laser. The Secret PRO is designed for skin resurfacing and deep dermal remodeling.
In 2017, the Bausch Health Companies launched its next-generation Thermage FLX product in the US, a fourth-generation non-invasive treatment option using the RF platform.
Lumenis is well-known for its 360-degree aesthetic solution; in 2022, the company introduced a new triLift category in aesthetic treatments that will deliver revenue generation opportunities.

Looking for more info: https://www.arizton.com/market-reports/energy-based-aesthetic-devices-market
According to Ariztonā€™s latest research report, the energy-based aesthetic devices market will grow at a CAGR of 10.8% from 2021-2027. New product launches, technological advancement in energy-based medical aesthetic devices, and increasing demand for minimally invasive and non-invasive treatments are significant trends contributing to the energy-based aesthetic devices market growth. Minimally invasive and non-invasive aesthetic treatments have grown in the last decade. Energy-based devices play a key role and becoming more popular in recent years. With the help of energy-based devices, laser hair removal, skin resurfacing, skin tightening, and fat reduction are majorly demanding procedures that have increased and leveraged the high demand for energy-based aesthetic devices. In 2020, people spent around $9.3 billion on aesthetic procedures. Around $3 billion was registered for non-invasive treatment and $6 billion for invasive treatments. From 2019-2020, the expenditure for aesthetic procedures almost increased to 80%. This increasing expenditure for minimally invasive procedures shows that energy-based aesthetic procedures have lucrative opportunities.

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Issued By Arizton Advisory & Intelligence
Country United States
Categories Beauty , Fashion , Lifestyle
Tags medical industry , healthcare , medical aesthetics , market research , research reports , market updates , market insights
Last Updated February 22, 2023