Global Energy-Based Aesthetic Devices Market Report - Insights and Analysis by VynZ Research
The Global energy-based aesthetic devices market is expected to witness significant growth in the coming years. According to VynZ Research, the market is projected to grow at a CAGR of 13.1% during the forecast period of 2021-2027. The market is expected to grow by 2027 from $3,084.7 million in 2020.
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Energy-based aesthetic devices are used for non-invasive and minimally invasive procedures that are aimed at improving the appearance of the skin and body. These devices use different types of energy sources such as laser, radiofrequency, ultrasound, and others to achieve the desired results. The demand for energy-based aesthetic devices is increasing due to the growing awareness about beauty treatments and the increasing disposable income of people.
The market is segmented based on technology, product, application, and region. Based on technology, the market is segmented into laser-based devices, radiofrequency-based devices, ultrasound-based devices, and others. Based on product, the market is segmented into body contouring devices, skin tightening devices, aesthetic ophthalmology devices, and others.
Based on application, the market is segmented into hair removal, scar treatment and skin resurfacing, facial and skin rejuvenation, and others.
The market is dominated by North America, followed by Europe and the Asia Pacific. The growth of the market in North America is attributed to the increasing demand for energy-based aesthetic devices, rising awareness about beauty treatments, and increasing disposable income of people. The Asia Pacific is expected to witness significant growth due to the increasing demand for energy-based aesthetic devices in countries such as China, Japan, and India.
The major players operating in the market are Alma Lasers Ltd., Cutera Inc., Hologic Inc., Lumenis Ltd., Sciton Inc., Venus Concept Ltd., Cynosure Inc., Syneron Medical Ltd., Fotona d.o.o., and El.En. S.p.A. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to expand their market presence.
In conclusion, the Global energy-based aesthetic devices market is expected to witness significant growth in the coming years due to the increasing demand for non-invasive and minimally invasive procedures and the growing awareness about beauty treatments. The market is dominated by North America, followed by Europe and the Asia Pacific. The major players operating in the market are Alma Lasers Ltd., Cutera Inc., Hologic Inc., Lumenis Ltd., Sciton Inc., Venus Concept Ltd., Cynosure Inc., Syneron Medical Ltd., Fotona d.o.o., and El.En. S.p.A.
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