Home > Healthcare & Medical Devices > Energy-based Aesthetic Devices Market
Energy-based Aesthetic Devices Market size was valued at USD 4.1 billion in 2022 and is projected to reach USD 13.4 billion by 2032. Energy-based aesthetic medicine devices are medical devices that utilize various forms of energy, such as light, radiofrequency, ultrasound, or laser, to address a wide range of cosmetic concerns and provide non-invasive or minimally invasive treatments. These devices are commonly used in dermatology, plastic surgery, and aesthetic clinics to enhance the appearance of the skin, reduce signs of aging, and treat specific conditions.
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Additionally, increasing awareness regarding energy-based aesthetic procedures, is further accelerating the industry gains. Moreover, the increasing population base aged between 30-65 years will boost the demand for aesthetic procedures during the forthcoming years. For instance, according to the statistics from the American Society for Aesthetic Plastic Surgery, more than 15 million cosmetic procedures are performed every year.
Furthermore, rising prevalence of obesity worldwide is significantly impacting the expansion of the industry. For instance, according to the Centers for Disease Control and Prevention (CDC), prevalence of obesity was more than 50.4% in 2022, affecting around millions of people in the U.S.
Report Coverage | Details |
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Base Year: | 2022 |
Market Size in 2022: | USD 4.1 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 12.9% |
2032 Value Projection: | USD 13.4 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 458 |
Segments covered: | Product, Gender, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The recent outbreak of COVID-19 had a considerable impact on the energy-based aesthetic devices market owing to growing risk of cross contamination while conducting procedures. As COVID-19 pandemic grew with high magnitude, the safety of aesthetic procedures became questionable. Various procedures, though not all, such as hair transplant, scar treatment, facial rejuvenation procedures, and skin tightening reduced with the outbreak. However, in some hospitals and centers, aesthetic procedures were carried out with full precautions with adequate personal protective equipment (PPE). During lockdown, patients were restricted for non-essential facilities due to movement constrains. Moreover, various companies related to energy-based aesthetic devices faced trade restrictions, impacting the supply chain, that further impacted the industry expansion.
Increasing demand for minimally invasive or non-invasive procedures to enhance physical appearance will offer momentous opportunity to industry progression. Growing prevalence of obesity, congenital face deformities, high awareness among people regarding energy-based aesthetic procedures as well as prevalence of ageing and dull skin among the geriatric population base will augment the demand for minimally invasive aesthetic procedures. As per estimates, the total number of aesthetic procedures performed in the U.S., in 2022, accounted for around 4.7 million, of which 3.1 million procedures were non-surgical.
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Based on product, the energy-based aesthetic devices market is segmented into laser-based aesthetic device, radiofrequency (RF)-based aesthetic device, light-based aesthetic device, ultrasound aesthetic device, and others. The laser-based aesthetic device segment witnessed the largest revenue size at USD 1.3 billion in 2022 and is estimated to witness USD 4.5 billion by 2032. Laser devices can address a wide range of aesthetic concerns, making them versatile tools for cosmetic treatments. They can be used for procedures such as hair removal, tattoo removal, skin resurfacing, scar treatment, pigmentation correction, vascular lesion treatment, and more. The ability to target specific chromophores in the skin allows for precise and tailored treatments. Moreover, laser technology enables precise targeting of specific areas, structures, or pigments in the skin, minimizing damage to surrounding tissues. This precision is crucial for achieving effective results while minimizing potential side effects and downtime. Furthermore, an increasing availability of dermatology devices along with various other businesses working towards creating novel technology.
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Energy-based aesthetic devices market is bifurcated based on the gender into male and female. The male segment is further subdivided into 18 years and below, 19-34 years, 35-50 years, 51-64 years, 65 years and above. The female segment is further bifurcated into 18 years and below, 19-34 years, 35-50 years, 51-64 years, 65 years and above. The female segment is anticipated to reach at USD 10.5 billion by 2032 due to an increasing adoption of aesthetic procedures. For instance, Zeliq developed CoolSculpting technology with advantage applicator that offers shorter treatment time of about 35 minutes and a more comfortable cup design to the applicator.
The energy-based aesthetic devices market is segmented by end-use into hospitals, ambulatory surgical centers, specialty centers, beauty centers and medical spas, dermatology clinics, and home settings. Hospitals segment accounting for more than 32% market share in 2022 and is estimated to witness USD 4.2 billion by 2032. Additionally, easy availability of dermatology diagnostic devices for detection of skin disorders is anticipated to propel industry expansion. Increasing patient affordability due to growing disposable income will upsurge the demand for advanced aesthetic procedures in hospitals. Furthermore, improved research and diagnosis in hospital laboratories, as well as increased disposable income in developed nations., will significantly contribute to the use of energy-based aesthetic devices in hospitals.
U.S. energy-based aesthetic devices market accounted for USD 2 billion in 2022 and will grow momentously to reach USD 6.3 billion by 2032. The affordability of aesthetic procedures among the target population base and ongoing technological developments are primarily responsible for the expansion of the U.S. industry size. Further, the region's high healthcare spending on health care management and rising disposable income will propel the expansion of the North America market. Also, the substantial presence of well-established market participants and the favourable regulatory environment result in a number of product approvals and launches, particularly in the U.S.
Some of the notable key industry players operating in the energy-based aesthetic devices market include Alma Lasers, Candela Medical., Lumenis., Cutera., Hologic Inc., Sciton Inc, Merz Pharma GmbH & Co.KGaA, Bausch Health Companies Inc., Venus Concept., TRIA BEAUTY, Cynosure Inc., SharpLight Technologies Inc, among others.
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By Product (USD Million)
By Gender (USD Million)
By End-use (USD Million)
The above information is provided for the following regions and countries: