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The global energy-based aesthetic devices market was valued at USD 2,484.7 million in 2018, which will grow at a CAGR of 11.1% during the forecast period. Several devices such as light-based, laser, electromagnetic, and cryolipolysis majorly contribute to the energy-based aesthetic devices market size. Increasing geriatric population, increasing the prevalence of skin diseases, increasing awareness for personal and beauty care, demand for the minimally invasive aesthetic procedure, propelling the growth of the market.
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The development of home-use devices is the key trend witnessed in the market. Major companies are focusing on the development of hand-help and miniaturization devices convenient for home-use.
The high cost of energy-based devices and lack of reimbursement policies for aesthetic procedures impede the growth of the global energy-based aesthetic devices market.
Asia-Pacific is observed to witness the fastest growth in the market. As the region comprises of largest population and the awareness for these devices is increasing rapidly among them. In addition, a large number of local players in the region are providing energy-based devices at low cost which lead to increased rivalry in the market.
Some of the key players operating in the global energy-based aesthetic devices market are Syneron Medical Ltd., IRIDEX Corporation, Merz Pharma GmbH & Co.KGaA, Alma Lasers Inc., Lumenis Ltd., TRIA Beauty Inc., Hologic Inc., Cutera Inc., Sciton Inc., Venus Concept Ltd., Bausch Health Companies Inc., and Genesis Biosystems Inc.
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