Energy-Based Therapeutics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Energy-Based Therapeutics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global energy-based therapeutics market size reached US$ 7.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.05% during 2023-2028.

Energy-based therapeutics are employed for the modification or destruction of tissues with the help of technologies such as microwave, thermal, hydro-mechanical, radiofrequency, cryotherapy, and ultrasound. These therapeutics are divided on the basis of clinical applications into general, ophthalmic and aesthetic surgeries. General surgeries include lithotripsy, gynecology, ENT microsurgery and surgery for cardiovascular diseases. Ophthalmic surgeries are often done for diseases like glaucoma and cataract. Aesthetic surgeries can be both invasive and non-invasive in nature and aid in reducing scars, acne, sun damage, pigmentation, redness and vascular lesions.

Global Energy-Based Therapeutics Market Drivers:
Breakthroughs in the field of aesthetic medicine have led to an increase in the adoption of energy-based aesthetic surgeries, especially for anti-aging treatments. Along with this, there has been a shift from invasive to non-invasive aesthetic procedures on a global level, owing to the affordability and efficacy of these therapies. Similarly, the increasing popularity of minimally invasive surgeries for the treatment of diseases like cardiac arrhythmias and cancer tumors, along with the benefits associated with these procedures like reduced complications, are creating a positive outlook for the global energy-based therapeutics market. Apart from this, the rising trend of physician-owned ambulatory surgical centers, also known as ASCs, is another key factor which is driving the market growth. Since most energy-based therapeutic procedures do not require hospital stays, surgeons across the world have started performing these therapies in their own clinics.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global energy-based therapeutics market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on technology type, clinical application and end-user.

Breakup by Technology Type:

Laser Based
Light Based
Radiofrequency Based
Ultrasound Based
Thermal
Others

Breakup by Clinical Application:

Aesthetic
Surgical
Ophthalmic

Aesthetic currently accounts for the largest share.

Breakup by End-User:

Hospital
Clinics
Others

Regional Insights:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Johnson & Johnson, Lumenis, Syneron Medical, Abbott Medical Optics, Alcon, Alna Medical System, Angiodynamics, Atricure, Biolase, etc.

Key Questions Answered in This Report
1. What was the size of the global energy-based therapeutics market in 2022?
2. What is the expected growth rate of the global energy-based therapeutics market during 2023-2028?
3. What are the key factors driving the global energy-based therapeutics market?
4. What has been the impact of COVID-19 on the global energy-based therapeutics market?
5. What is the breakup of the global energy-based therapeutics market based on the technology type?
6. What is the breakup of the global energy-based therapeutics market based on the clinical application?
7. What is the breakup of the global energy-based therapeutics market based on the end-user?
8. What are the key regions in the global energy-based therapeutics market?
9. Who are the key players/companies in the global energy-based therapeutics market?