LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global energy-based aesthetic devices market is expected to grow at a CAGR of more than 8% during the forecast period.
This research report titled ‘Global Energy-Based Aesthetic Devices Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
According to Amber Chourasia, a lead analyst at Technavio for health and wellness research, “Energy-based aesthetics is one of the fastest growing segments of medical aesthetics, which aims to enhance an individual's appearance through invasive or minimally invasive procedures.”
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The market research analysis categorizes the global energy-based aesthetic devices market into four major product segments. They are:
- Energy-based aesthetic devices
- Laser-based aesthetic devices
- Light-based aesthetic devices
- Ultrasound-based aesthetic devices
Global laser-based aesthetic devices market
Aesthetic technologies have evolved since the early 1990s and have undergone a rapid change since then. The approval of these devices by the FDA for new medical treatments due to continued technological advancements has boosted the growth of the laser-based aesthetic devices market.
The laser-based aesthetics is one of the fastest-growing segments of the medical laser systems market, which is forecast to exceed USD 10 billion by 2021. The rise in non-surgical cosmetic procedures is the prime factor driving the sales of laser-based aesthetic devices.
Global light-based aesthetic devices
The light-based aesthetic devices comprising of technologies, such as intense pulsed light (IPL), is suitable for all skin types, especially for people with darker skin and hair color. It also provides the advantage of altering the treatment depending on the skin type and texture, hair thickness, and hair color. Further, the risk of damaging the skin is far less than by the laser technique.
“Further, different types of light devices are being used to treat acne, redness, crusting and peeling, skin lesions, wrinkles, unwanted hair, spider veins, scars, and changes in skin tone,” says Amber.
Global ultrasound-based aesthetic devices
There have been huge advances in the field of minimally invasive skin treatments in the past few decades, which prove beneficial for people looking to lift and tighten their skin, without resorting to a surgical facelift. Ultherapy, also known as high-intensity focused ultrasound, is the first energy-based device to be cleared by the FDA for non-invasive aesthetic lift indication. In addition, Ultherapy has been certified with the CE mark in Europe. This has resulted in increased demand, especially in North America and Europe, where the awareness, affordability, and acceptability of cosmetic treatments is quite high.
Global RF-based aesthetic devices
RF is the newest addition to the energy-based aesthetic devices market. There are several RF devices being approved by the FDA for wrinkle and fat removal since their introduction in 2000. This is increasing their adoption in dermatology for body contouring and skin tightening procedures. ThermaCool developed by Thermage is the first and widely-used device.
Further, these skin-bypassing technologies can be effective for a wide range of patients, including those with darker skin color that may experience discoloration with a laser. Also, these devices help in treating larger areas such as the abdomen or flank. All these advantages provided by RF-based aesthetic devices will propel market growth in the future.
The top vendors highlighted by Technavio’s market research analysts in this report are:
- Syneron Medical
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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