Energy-based Aesthetic Devices Market Analysis

Energy-based Aesthetic Devices Market Analysis

To get key market trends

  Download Free Sample

Based on product, the market is divided into laser-based aesthetic device, radiofrequency (RF)-based aesthetic device, light-based aesthetic device, ultrasound aesthetic device, and other products. The laser-based aesthetic device segment of the market is forecasted to reach USD 6.1 billion by 2032.
 

• This growth is fueled by the increasing demand for non-invasive and minimally invasive treatments, with laser devices being preferred for their precision and versatility in addressing a wide range of aesthetic concerns, including skin rejuvenation, hair removal, and tattoo removal.
   
• Moreover, the market is witnessing a surge in product launches, with leading companies introducing advanced laser platforms equipped with features such as customizable treatment parameters and integrated cooling systems to optimize patient comfort and treatment outcomes. Thus, aforementioned factors are anticipated to augment segmental growth.
   

Based on gender, the energy-based aesthetic devices market is bifurcated into male and female. The male and female segment is further divided into 18 years and below, 19-34 years, 35-50 years, 51-64 years, and 65 years and above. The female segment accounted for USD 3.8 billion in 2023.
 

• Societal norms and cultural expectations often place a higher emphasis on female physical appearance, stimulating a greater demand for aesthetic procedures among women. Additionally, the beauty and fashion industries actively target female consumers, fostering a culture where maintaining a certain body is emphasized.
   
• Moreover, the increasing acceptance of aesthetic procedures and a growing awareness of health and wellness contribute to women seeking various aesthetic solutions.
   
• Moreover, advancements in technology have led to the development of targeted and non-invasive body fat reduction devices which is estimated to reach USD 8.7 billion by 2032, that appeal to the female demographic, further sustaining the dominance of the female segment in the market.
   

Based on end-use, energy-based aesthetic devices market is bifurcated into hospitals, ambulatory surgical centers, beauty centers and medical spas, dermatology clinics, and home settings. The hospitals segment accounted for USD 1.8 billion in 2023.
 

• Hospitals are increasingly incorporating energy-based devices into their offerings due to several factors that align with the needs of both patients and healthcare providers.
   
• Many hospitals are equipped with various departments, including dermatology, plastic surgery, and aesthetic medicine, allowing for comprehensive aesthetic treatments. Patients prefer hospitals that offer a range of services, including energy-based aesthetic procedures, for convenience and continuity of care.
   
• Additionally, hospitals have the resources to invest in advanced energy-based devices that offer innovative treatments. Patients trust hospitals for their use of cutting-edge technologies, which can lead to higher patient volumes. Thus, such factors are projected to escalate the growth of the segment.
   

The growth of the energy-based aesthetic devices market in the U.S., projected to reach USD 5.7 billion by 2032.
 

• U.S. is home to many companies at the forefront of aesthetic device innovation. These companies invest heavily in R&D to develop cutting-edge technologies. The region has seen significant advancements in energy-based aesthetic devices, making them more effective and safer.
   
• Further, the U.S. has one of the highest healthcare expenditures globally. This contributes to the investment in advanced technologies, contributing to market growth.
   
• For instance, according to a report published by Health Affairs, the U.S. healthcare expenditure in 2023 was about USD 4.7 trillion, accounting for 18% of the national economy. This expenditure translates to nearly double the average spending of similarly wealthy countries on a per capita basis. Thus, driving the adoption of energy-based aesthetic devices.
   

The energy-based aesthetic devices market in UK is expected to experience significant and promising growth of 17.3% from 2024 to 2032.
 

• There is a rising burden of obesity in the UK. For instance, according to projections from the 2021 survey, approximately 25.9% of adults in England were classified as obese, with an additional 37.9% falling into the overweight category. This combined to reveal that a substantial 63.8% of adults in England were either overweight or obese.
   
• The survey also indicated that men had a higher likelihood of being overweight or obese, with 68.6% of men falling into this category compared to 59.0% of women. Thus, this in turn is increasing adoption of these devices for reducing weight.
   

Japan energy-based aesthetic devices market is anticipated to witness lucrative growth of 16.5% between 2024 – 2032.
 

• Japan has one of the world's most rapidly aging populations. According to the World Bank, over 28% of Japan's population is over 65, and this figure is expected to rise in the coming years.
   
• Therefore, as the population ages, there is an increasing demand for aesthetic treatments that can reduce signs of aging such as wrinkles, sagging skin, and age spots. Energy-based aesthetic devices offer non-invasive solutions that appeal to older individuals seeking to maintain a youthful appearance.
   

The energy-based aesthetic devices market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032 and the market size is expected to reach USD 127.7 million by 2032.
 

• There is a growing preference for non-invasive or minimally invasive aesthetic treatments in Saudi Arabia. Procedures that utilize energy-based devices, such as laser hair removal, skin tightening, and body contouring, are becoming increasingly popular due to their reduced recovery times and fewer side effects compared to traditional surgical methods.
   
• With the increasing number of clinics and medical centers offering these services, patients across the country will have a greater access to advanced aesthetic procedures, which is contributing to market growth.