Dublin, March 09, 2020 (GLOBE NEWSWIRE) — The “Anti-Aging and Skin Rejuvenation Energy – Based Aesthetic Devices Market Research Report: By Technology, Indication, Application, Distribution Channel, End User, Geographical Outlook – Global Industry Trends and Growth Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
The anti-aging and skin rejuvenation energy-based aesthetic devices market generated $872 million in 2018 and is predicted to reach $1,612.2 million in 2024, registering a 11.2% CAGR during 2019-2024.
The market is growing due to the rising inclination toward minimally invasive aesthetic treatments, growing awareness about the safe usage and advantages of anti-aging and skin rejuvenation energy-based aesthetic devices, and increasing medical tourism activities.
When technology is taken into consideration, the anti-aging and skin rejuvenation energy-based aesthetic devices market is divided into plasma energy-based, electromagnetic energy-based, laser-based, ultrasound-based, and light-based. The largest share of 28.3% was occupied by the laser-based devices in 2018, as one of the earliest energy-based technologies adopted for aesthetic treatments for skin rejuvenation, signs of aging, and other applications was laser. Because of these factors, the laser-based division is further projected to account for the major share of the market during the forecast period.
On the basis of indication, the anti-aging and skin rejuvenation energy-based aesthetic devices market is bifurcated into anti-aging and skin rejuvenation. In 2018, skin rejuvenation accounted for the major share of the market. This is because energy-based procedures offer safe treatments at low costs, which is why men and women are increasingly opting for these treatments in order to improve their appearance. Attributing to these factors, this category is further predicted to grow at a faster pace during the forecast period.
The increasing medical tourism is a major driving factor of the anti-aging and skin rejuvenation energy-based aesthetic devices market. The swift growth of the medical industry due to globalization has resulted in the rising awareness regarding alternatives to surgical aesthetic treatments. It has been observed that patients from developed nations, including Australia, the U.S. and the U.K., travel to countries such as South Africa, Thailand, Mexico, India, Costa Rica and Singapore in order to seek treatment, as these countries offer treatment at a lower cost than developed countries, which is further driving the market.
Another factor leading to the growth of the anti-aging and skin rejuvenation energy-based aesthetic devices market is the rising inclination of people toward minimally invasive aesthetic treatments. As per a report published by the American Society of Plastic Surgeons, in 2014, approximately 14 million minimally invasive cosmetic treatments were performed in the U.S. Moreover, surgical cosmetic procedures have a high cost and can be medically unsafe, further leading to side effects. However, with the emergence of minimally invasive procedures, the adoption of energy-based aesthetic devices has been on the rise.
The anti-aging and skin rejuvenation energy-based aesthetic devices market is also witnessing growth due to the rising awareness about the safe utilization and advantages of these devices. The primary advantages of energy-based aesthetic devices include quicker recovery, minimal skin invasion, lesser discomfort, and fewer side-effects when compared to traditional surgical skin tightening treatments, as well as painlessness, and cost-effectiveness. In addition to this, laser-based treatments provide immediate results. Ascribed to all these factors, the demand for energy-based aesthetic devices is rising across the world.
Thus, the market is growing significantly due to the increasing awareness regarding the advantages and safe utilization of anti-aging and skin rejuvenation energy-based aesthetic devices, growing medical tourism, and rising inclination of people toward minimally invasive aesthetic treatments.
Key Topics Covered
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Technology
22.214.171.124 Electromagnetic energy-based
126.96.36.199 Plasma energy-based
4.1.2 By Indication
188.8.131.52 Skin rejuvenation
4.1.3 By Application
184.108.40.206 Skin tightening
220.127.116.11 Fine line and wrinkle reduction
18.104.22.168 Scar treatment
4.1.4 By Distribution Channel
4.1.5 By End-user
4.2 Market Dynamics
22.214.171.124 Rising inclination for an improved appearance
126.96.36.199 Growing popularity of home-use energy-based aesthetic devices
188.8.131.52 Growing inclination toward minimally invasive aesthetic treatments
184.108.40.206 Growing medical tourism
220.127.116.11 Increasing awareness about the safe use and advantages of anti-aging and skin rejuvenation energy-based aesthetic devices
18.104.22.168 Surge in the geriatric population
22.214.171.124 Impact analysis of drivers on market forecast
126.96.36.199 Lack of reimbursement policies
188.8.131.52 Impact analysis of restraint on market forecast
184.108.40.206 Extensive research leading to technical innovations
4.3 Porter’s Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Technology
5.2 By Indication
5.3 By Application
5.4 By Distribution Channel
5.5 By End-user
5.6 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 Market Share Analysis of Key Players
11.2 Brand Share Analysis
11.2.1 Cynosure Inc.
11.2.2 Syneron Medical Ltd.
11.2.3 Lumenis Ltd.
11.2.4 Solta Medical
11.2.5 Cutera Inc.
11.3 Business Model
11.3.1 Syneron Medical Ltd.
11.3.2 Cutera Inc.
11.3.3 Alma Lasers Ltd.
11.3.4 Lumenis Ltd.
11.3.5 Solta Medical
11.3.6 Cynosure Inc.
11.4 Shipment Analysis
11.5 Price Trend Analysis
11.6 Recent Strategic Developments
11.6.1 Product Launches
Chapter 12. Company Profiles
12.1 Allergan plc
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.2 Alma Lasers Ltd.
12.3 Syneron Medical Ltd.
12.4 Merz Pharma GmbH & Co. KGaA
12.5 Cutera Inc.
12.6 Hologic Inc.
12.7 Sciton Inc.
12.8 Bausch Health Companies Inc.
12.9 Venus Concept Ltd.
12.10 Lumenis Ltd.
12.11 EndyMed Medical Ltd.
12.13 Quasar Biotech
12.14 TRIA Beauty Inc.
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