Radiofrequency Based Aesthetic Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028
The Global Radio Frequency-Based Aesthetic Devices market is anticipated to witness impressive growth during the forecast period. This can be ascribed to the growing demand for tightening skin and contouring the body by heating and destroying fat cells to maintain a healthy lifestyle in developing countries. Additionally, growing initiatives and investment by government organizations for developing new devices and the introduction of new radio frequency-based aesthetic devices have significantly increased the demand for radiofrequency based aesthetic devices across different parts of the globe. Additionally, factors like rising adoption of new technology and growing demand for personalized treatment for curing diseases, are further expected to increase the demand for the radiofrequency-based aesthetic device, thereby fuelling the market growth through 2028. Furthermore, increasing number of biopharmaceutical companies and growing expenditure on research and development is further expected to increase the demand for radiofrequency-based aesthetic devices, thereby supporting market growth.
Increasing demand for Minimally Invasive Procedures
The growing preference for minimally invasive procedures and treatments, along with technological advancements in radiofrequency-based devices is expected to create lucrative growth during the forecast period. Similarly, favourable reimbursement procedures for avail the treatment of chronic diseases like skin cancer is also fuel the market growth during the forecast period. At present, the most significant scientific advances that have been made in the medical field, especially in surgery cases, is the development of minimally invasive procedures..
However, the continued efforts to attain the required surgical output with minimal problems, recuperation time, and hospital hospitalizations can hamper the growth of the market. Radiofrequency-based aesthetic devices are basically used for minimally invasive treatments such as RF micro-needling, which is used to rejuvenate the formation of a skin. Additionally,, advancements in radiofrequency-based aesthetic devices with additional feature mixtures of multiple technologies and these technological advancements make significant market players develop products to serve radiofrequency ablation and aesthetic procedures which will enhance the demand for radiofrequency-based aesthetic devices. Above mentioned factors are expected to create lucrative growth during the forecast period.
Growing Advancements in Aesthetic Device
Radiofrequency micro-needling is a non-surgical cosmetic procedure that helps restore skin's youthful appearance and can be performed with the assistance of aesthetic equipment powered by radiofrequency. The procedure helps restore the skin's natural ability to produce collagen, responsible for the skin's youthful appearance. In addition, the most recent developments in radiofrequency-based aesthetic devices, incorporate the use of a variety of different technologies in diverse combinations. Due to these technological advancements, popular market players are under increasing pressure to develop new products for radiofrequency ablation and cosmetic procedures.
Growing Awareness about Radiofrequency Based Aesthetic Treatment
Increasing awareness on aesthetic treatments is expected to create lucrative growth during the forecast period. Skin rejuvenation is a type of treatment technique used to repair skin damage caused by aging, sun exposure, medical conditions, etc. Increasing concern about improving skin appearance and the signs and symptoms of early aging have resulted in increased awareness for aesthetic treatment of skin rejuvenation. The radiofrequency facelift may be a good option for people in their twenties who are considering anti-aging & maintenance procedures. Hence, the rise in concern over physical appearance, along with innovation in skin care products, would escalate the growth of the radiofrequency-based aesthetic devices market during the forecast period.
Furthermore, increasing the requirement for the radiofrequency device will surge with its increasing adoption by aesthetic clinics to treat skin diseases like acne, Vitiligo, etc. The growing usage of radiofrequency-based devices in aesthetic treatment to limit aging, pigmentation, etc., has been a major trend in the market, hence encouraging the demand for radiofrequency-based aesthetic devices in the forthcoming years.
Market Segmentation
The global radiofrequency-based aesthetic device market can be segmented by product type, modality, application, technology, end user, sales channel, and by region. Based on product type, the market can be segmented into Opportunity Assessment, Radiofrequency Generators/Systems, Electrodes, Applicators, and Others. Based on Modality, the market can be divided into Portable Devices and Non-Portable Devices. Based on application, the market can be segmented into Skin Tightening, Body Shaping, Fat Reduction, and Others. Based on Technology, the market can be segmented into Monopolar RF, Bipolar RF, Multipolar RF, Fractional RF, and Others. Based on End users, the market can be differentiated into Beauty Clinics, Homecare Settings, and Others. Based on the Sales channel, the market can be segmented into Distributor, Retail, and E-Commerce. Regionally, North America dominated the market among Asia Pacific, Europe, Middle East & Africa, and South America. Among the different countries, the United States dominated the global radiofrequency-based aesthetic devices market on account of the adoption of minimally invasive surgeries in the country.
Market Players
Alma Lasers Ltd., Beco Medical Group., Cymedics GmbH & Co. KG., Cynosure, Inc., EndyMed Ltd., Ibramed., INDIBA S.A., Inmode Ltd., Lumenis Ltd., Lutronic Corp. are some of the leading players operating in the Global Radiofrequency Based Aesthetic Device Market.
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