Energy-based Aesthetic Devices Market Size, Share & Trends Analysis Report, By Product (Medical Laser-Based Devices, Light-Based Devices), By Application, By End Use, By Region, And Segment Forecasts, 2024 - 2030
Energy-based Aesthetic Devices Market Growth & Trends
The global energy-based aesthetic devices market size is expected to reach USD 15.93 billion in 2030 and is projected to grow at a CAGR of 14.2% over the forecast period. The rise in public awareness regarding medical aesthetics, an increase in the obese population, technological advancements in energy-based aesthetic devices, and rise in the number of medspas and surgical centers across the globe are the key factors that boost the growth of the market. The demand for energy-based aesthetic devices is projected to witness a rise during the forecast period due to the high preference among people for body contouring and skin tightening procedures.
The COVID-19 pandemic had disrupted a number of aesthetic procedures due to the restrictions imposed by the government. Also, the COVID-19 pandemic has negatively impacted the aesthetics industry. According to Allure, dermatology procedures will be slow to get a reboot during and after the pandemic due to safety concerns and infection control. However, in 2023, there was no significant impact on the market as medspa, traditional spa, and surgical centers were reopened in many countries and the number of aesthetic procedures also increased.
The rise in public preference for minimally invasive beauty treatments, demand for fat reduction and body shaping due to the rise in the obese population, surge in R&D activities along with the launch of new energy-based aesthetic devices, and increasing healthcare expenditure are the major factors that drive the market. In addition, the rise in the adoption of energy-based aesthetic devices has surged the focus of players on developing less-expensive and easy-to-use aesthetic products. Moreover, well-established reimbursement policies and strong medical infrastructure in developed countries further boost the growth of the market.
Energy-based Aesthetic Devices Market Report Highlights
- The body contouring and skin tightening segment emerged as the largest application segment in 2023 with a revenue share of over 24.78% due to rapid surge in the need among the young population to appear flawless
- By end-use, the medspa segment accounted for the largest revenue share in 2023 and is expected to witness the highest growth over the forecast period due to an increase in demand for minimally invasive aesthetic treatment procedures in medspa
- North America held the largest revenue share in 2023 owing to rapid advancement in the aesthetic devices sector by key players and growing R&D activities in aesthetics
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Product
- 1.2.2. Application
- 1.2.3. End Use
- 1.2.4. Regional scope
- 1.2.5. Estimates and forecast timeline.
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR’s internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity price analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product Segment
- 2.2.2. Application Segment
- 2.2.3. End Use Segment
- 2.2.4. Regional Outlook
- 2.3. Competitive Insights
- Chapter 3. Global Energy-based Aesthetic Devices Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.1.1. Rising awareness regarding medical aesthetics
- 3.2.1.2. Technological advancements in energy-based aesthetic devices
- 3.2.1.3. Rising obesity rates across the globe
- 3.2.1.4. Increasing demand for noninvasive aesthetic treatments
- 3.2.2. Market restraint analysis
- 3.2.2.1. High cost of technologically advanced energy-based aesthetic devices
- 3.2.2.2. Lack of reimbursement coverage
- 3.3. Energy-based Aesthetic Devices Market Analysis Tools
- 3.3.1. Industry Analysis - Porter’s
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
- Chapter 4. Energy-based Aesthetic Devices Market: Product Estimates & Trend Analysis
- 4.1. Energy-based Aesthetic Devices Market: Product Dashboard
- 4.2. Energy-based Aesthetic Devices Market: Product Movement Analysis
- 4.3. Energy-based Aesthetic Devices Market Size & Forecasts and Trend Analysis, by Product, 2018 to 2030 (USD Million)
- 4.4. Medical Laser-Based Devices
- 4.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 4.5. Light-Based Devices
- 4.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 4.6. Radiofrequency (RF) Based Devices
- 4.6.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 4.7. Ultrasound
- 4.7.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 4.8. Others
- 4.8.1. Market estimates and forecast 2018 to 2030 (USD Million)
- Chapter 5. Energy-based Aesthetic Devices Market: Application Estimates & Trend Analysis
- 5.1. Energy-based Aesthetic Devices Market: Application Dashboard
- 5.2. Energy-based Aesthetic Devices Market: Application Movement Analysis
- 5.3. Energy-based Aesthetic Devices Market Size & Forecasts and Trend Analysis, by Application, 2018 to 2030 (USD Million)
- 5.4. Body Contouring
- 5.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.5. Skin Tightening
- 5.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.6. Skin Rejuvenation
- 5.6.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.6.2. Wrinkles
- 5.6.2.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.6.3. Acne & Other Scars
- 5.6.3.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.6.4. Skin Pigmentation
- 5.6.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.6.5. Aging
- 5.6.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.7. Hair Removal
- 5.7.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.8. Leg Vein Treatment
- 5.8.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.9. Vaginal Rejuvenation
- 5.9.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.10. Pigmented Lesion
- 5.10.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.11. Tattoo Removal
- 5.11.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.12. Others
- 5.12.1. Market estimates and forecast 2018 to 2030 (USD Million)
- Chapter 6. Energy-based Aesthetic Devices Market: End Use Estimates & Trend Analysis
- 6.1. Energy-based Aesthetic Devices Market: End Use Dashboard
- 6.2. Energy-based Aesthetic Devices Market: End Use Movement Analysis
- 6.3. Energy-based Aesthetic Devices Market Size & Forecasts and Trend Analysis, by End Use, 2018 to 2030 (USD Million)
- 6.4. Hospital/Surgery Centre
- 6.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 6.5. Medspa
- 6.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 6.6. Traditional Spa
- 6.6.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 6.7. HCP Owned Clinic
- 6.7.1. Market estimates and forecast 2018 to 2030 (USD Million)
- Chapter 7. Energy-based Aesthetic Devices Market: Regional Estimates & Trend Analysis by Country, Product, Application, & End Use
- 7.1. Global Energy-based Aesthetic Devices Market: Regional Dashboard
- 7.2. Market Size & Forecasts Trend Analysis, 2018 to 2030
- 7.3. North America
- 7.3.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.3.2. U.S.
- 7.3.2.1. Key country dynamics
- 7.3.2.2. Regulatory framework/ reimbursement structure
- 7.3.2.3. Competitive scenario
- 7.3.2.4. U.S. market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.3. Canada
- 7.3.3.1. Key country dynamics
- 7.3.3.2. Regulatory framework/ reimbursement structure
- 7.3.3.3. Competitive scenario
- 7.3.3.4. Canada market estimates and forecast, 2018 - 2030 (USD Million)
- 7.3.4. Mexico
- 7.3.4.1. Key country dynamics
- 7.3.4.2. Regulatory framework/ reimbursement structure
- 7.3.4.3. Competitive scenario
- 7.3.4.4. Mexico market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4. Europe
- 7.4.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.4.2. Germany
- 7.4.2.1. Key country dynamics
- 7.4.2.2. Regulatory framework/ reimbursement structure
- 7.4.2.3. Competitive scenario
- 7.4.2.4. Germany market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.3. UK
- 7.4.3.1. Key country dynamics
- 7.4.3.2. Regulatory framework/ reimbursement structure
- 7.4.3.3. Competitive scenario
- 7.4.3.4. UK market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.4. France
- 7.4.4.1. Key country dynamics
- 7.4.4.2. Regulatory framework/ reimbursement structure
- 7.4.4.3. Competitive scenario
- 7.4.4.4. France market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.5. Italy
- 7.4.5.1. Key country dynamics
- 7.4.5.2. Regulatory framework/ reimbursement structure
- 7.4.5.3. Competitive scenario
- 7.4.5.4. Italy market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.6. Spain
- 7.4.6.1. Key country dynamics
- 7.4.6.2. Regulatory framework/ reimbursement structure
- 7.4.6.3. Competitive scenario
- 7.4.6.4. Spain market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.7. Norway
- 7.4.7.1. Key country dynamics
- 7.4.7.2. Regulatory framework/ reimbursement structure
- 7.4.7.3. Competitive scenario
- 7.4.7.4. Norway market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.8. Denmark
- 7.4.8.1. Key country dynamics
- 7.4.8.2. Regulatory framework/ reimbursement structure
- 7.4.8.3. Competitive scenario
- 7.4.8.4. Denmark market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.9. Sweden
- 7.4.9.1. Key country dynamics
- 7.4.9.2. Regulatory framework/ reimbursement structure
- 7.4.9.3. Competitive scenario
- 7.4.9.4. Sweden market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.10. Switzerland
- 7.4.10.1. Key country dynamics
- 7.4.10.2. Regulatory framework/ reimbursement structure
- 7.4.10.3. Competitive scenario
- 7.4.10.4. Switzerland market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.11. Austria
- 7.4.11.1. Key country dynamics
- 7.4.11.2. Regulatory framework/ reimbursement structure
- 7.4.11.3. Competitive scenario
- 7.4.11.4. Austria market estimates and forecast, 2018 - 2030 (USD Million)
- 7.4.12. Netherlands
- 7.4.12.1. Key country dynamics
- 7.4.12.2. Regulatory framework/ reimbursement structure
- 7.4.12.3. Competitive scenario
- 7.4.12.4. Netherlands market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5. Asia Pacific
- 7.5.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.5.2. India
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Regulatory framework/ reimbursement structure
- 7.5.2.3. Competitive scenario
- 7.5.2.4. India market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.3. Australia
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Regulatory framework/ reimbursement structure
- 7.5.3.3. Competitive scenario
- 7.5.3.4. Australia market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.4. Thailand
- 7.5.4.1. Key country dynamics
- 7.5.4.2. Regulatory framework/ reimbursement structure
- 7.5.4.3. Competitive scenario
- 7.5.4.4. Thailand market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.5. Singapore
- 7.5.5.1. Key country dynamics
- 7.5.5.2. Regulatory framework/ reimbursement structure
- 7.5.5.3. Competitive scenario
- 7.5.5.4. Singapore market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.6. Indonesia
- 7.5.6.1. Key country dynamics
- 7.5.6.2. Regulatory framework/ reimbursement structure
- 7.5.6.3. Competitive scenario
- 7.5.6.4. Indonesia market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.7. Malaysia
- 7.5.7.1. Key country dynamics
- 7.5.7.2. Regulatory framework/ reimbursement structure
- 7.5.7.3. Competitive scenario
- 7.5.7.4. Malaysia market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6. Latin America
- 7.6.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.6.2. Brazil
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Regulatory framework/ reimbursement structure
- 7.6.2.3. Competitive scenario
- 7.6.2.4. Brazil market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6.3. Argentina
- 7.6.3.1. Key country dynamics
- 7.6.3.2. Regulatory framework/ reimbursement structure
- 7.6.3.3. Competitive scenario
- 7.6.3.4. Argentina market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6.4. Chile
- 7.6.4.1. Key country dynamics
- 7.6.4.2. Regulatory framework/ reimbursement structure
- 7.6.4.3. Competitive scenario
- 7.6.4.4. Chile market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6.5. Colombia
- 7.6.5.1. Key country dynamics
- 7.6.5.2. Regulatory framework/ reimbursement structure
- 7.6.5.3. Competitive scenario
- 7.6.5.4. Colombia market estimates and forecast, 2018 - 2030 (USD Million)
- 7.7. MEA
- 7.7.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
- 7.7.2. South Africa
- 7.7.2.1. Key country dynamics
- 7.7.2.2. Regulatory framework/ reimbursement structure
- 7.7.2.3. Competitive scenario
- 7.7.2.4. South Africa market estimates and forecast, 2018 - 2030 (USD Million)
- 7.7.3. Saudi Arabia
- 7.7.3.1. Key country dynamics
- 7.7.3.2. Regulatory framework/ reimbursement structure
- 7.7.3.3. Competitive scenario
- 7.7.3.4. Saudi Arabia market estimates and forecast, 2018 - 2030 (USD Million)
- 7.7.4. UAE
- 7.7.4.1. Key country dynamics
- 7.7.4.2. Regulatory framework/ reimbursement structure
- 7.7.4.3. Competitive scenario
- 7.7.4.4. UAE market estimates and forecast, 2018 - 2030 (USD Million)
- 7.7.5. Kuwait
- 7.7.5.1. Key country dynamics
- 7.7.5.2. Regulatory framework/ reimbursement structure
- 7.7.5.3. Competitive scenario
- 7.7.5.4. Kuwait market estimates and forecast, 2018 - 2030 (USD Million)
- 7.7.6. Qatar
- 7.7.6.1. Key country dynamics
- 7.7.6.2. Regulatory framework/ reimbursement structure
- 7.7.6.3. Competitive scenario
- 7.7.6.4. Qatar market estimates and forecast, 2018 - 2030 (USD Million)
- 7.7.7. Morocco
- 7.7.7.1. Key country dynamics
- 7.7.7.2. Regulatory framework/ reimbursement structure
- 7.7.7.3. Competitive scenario
- 7.7.7.4. Morocco market estimates and forecast, 2018 - 2030 (USD Million)
- 7.7.8. Jordan
- 7.7.8.1. Key country dynamics
- 7.7.8.2. Regulatory framework/ reimbursement structure
- 7.7.8.3. Competitive scenario
- 7.7.8.4. Jordan market estimates and forecast, 2018 - 2030 (USD Million)
- Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Manufacturers
- 8.2. Company/Competition Categorization
- 8.3. Vendor Landscape
- 8.3.1. List of key distributors and channel partners
- 8.3.2. Key customers
- 8.3.3. Key company market share analysis, 2023
- 8.3.4. InMode
- 8.3.4.1. Company overview
- 8.3.4.2. Financial performance
- 8.3.4.3. Product benchmarking
- 8.3.4.4. Strategic initiatives
- 8.3.5. Solta Medical
- 8.3.5.1. Company overview
- 8.3.5.2. Financial performance
- 8.3.5.3. Product benchmarking
- 8.3.5.4. Strategic initiatives
- 8.3.6. BTL Aesthetics
- 8.3.6.1. Company overview
- 8.3.6.2. Financial performance
- 8.3.6.3. Product benchmarking
- 8.3.6.4. Strategic initiatives
- 8.3.7. Sinclair
- 8.3.7.1. Company overview
- 8.3.7.2. Financial performance
- 8.3.7.3. Product benchmarking
- 8.3.7.4. Strategic initiatives
- 8.3.8. Acclaro Medical
- 8.3.8.1. Company overview
- 8.3.8.2. Financial performance
- 8.3.8.3. Product benchmarking
- 8.3.8.4. Strategic initiatives
- 8.3.9. Syneron Candela
- 8.3.9.1. Company overview
- 8.3.9.2. Financial performance
- 8.3.9.3. Product benchmarking
- 8.3.9.4. Strategic initiatives
- 8.3.10. Lumenis
- 8.3.10.1. Company overview
- 8.3.10.2. Financial performance
- 8.3.10.3. Product benchmarking
- 8.3.10.4. Strategic initiatives
- 8.3.11. El.en (Deka, Quanta, Asclepios )
- 8.3.11.1. Company overview
- 8.3.11.2. Financial performance
- 8.3.11.3. Product benchmarking
- 8.3.11.4. Strategic initiatives
- 8.3.12. Cutera, Inc.
- 8.3.12.1. Company overview
- 8.3.12.2. Financial performance
- 8.3.12.3. Product benchmarking
- 8.3.12.4. Strategic initiatives
- 8.3.13. Alma Lasers. (Sisram Medical Ltd.)
- 8.3.13.1. Company overview
- 8.3.13.2. Financial performance
- 8.3.13.3. Product benchmarking
- 8.3.13.4. Strategic initiatives
- 8.3.14. Cynosure
- 8.3.14.1. Company overview
- 8.3.14.2. Financial performance
- 8.3.14.3. Product benchmarking
- 8.3.14.4. Strategic initiatives
- 8.3.15. Lutronic Corporation
- 8.3.15.1. Company overview
- 8.3.15.2. Financial performance
- 8.3.15.3. Product benchmarking
- 8.3.15.4. Strategic initiatives
- 8.3.16. Fotona
- 8.3.16.1. Company overview
- 8.3.16.2. Financial performance
- 8.3.16.3. Product benchmarking
- 8.3.16.4. Strategic initiatives
- 8.3.17. Jeisys Medical Inc.
- 8.3.17.1. Company overview
- 8.3.17.2. Financial performance
- 8.3.17.3. Product benchmarking
- 8.3.17.4. Strategic initiatives
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