Energy-Based Aesthetic Devices Market Growth, Size, Share, Trends, and Forecast 2030

Energy-Based Aesthetic Devices Industry Prospective:

The global energy-based aesthetic devices market size was evaluated at $5.2 billion in 2023 and is slated to hit $14.5 billion by the end of 2032 with a CAGR of nearly 12.07% between 2024 and 2032.

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Energy-Based Aesthetic Devices Market: Overview

Energy-based aesthetic devices are referred to as medical devices used in the range of cosmetic procedures, including plastic surgery, unwanted hair removal, excess fat removal, anti-aging, aesthetic implants, skin tightening, etc., used to beautify, correct, and strengthen the body. All surgical and non-surgical procedures require esthetic procedures. The surgical procedure involves liposuction, implants for the breast, facelifts, radio frequency, and other associated procedures. The non-operative procedures include chemical peeling, non-operative liposuction, and skin tightening,

Key Insights

• As per the analysis shared by our research analyst, the global energy-based aesthetic devices market is projected to expand annually at the annual growth rate of around 12.07% over the forecast timespan (2024-2032)
• In terms of revenue, the global energy-based aesthetic devices market size was evaluated at nearly $5.2 billion in 2023 and is expected to reach $14.5 billion by 2032.
• The global energy-based aesthetic devices market is anticipated to grow rapidly over the forecast timeline owing to an increment in the number of aesthetically sensible subjects preferring aesthetic procedures.
• In terms of product, the laser-based segment is slated to register the fastest CAGR over the forecast period.
• Based on application, the skin tightening segment is projected to lead the segmental expansion in the forecast timeframe.
• Region-wise, the European energy-based aesthetic devices industry is projected to register the highest gains over the forecast timeframe.

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Energy-Based Aesthetic Devices Market: Growth Factors

A surge in the demand for products globally to embellish the global market expansion over the forecast timeline

An increment in the number of aesthetically sensible subjects preferring aesthetic procedures has paved the way for the humungous growth of the global energy-based aesthetic devices market. A surge in the obese population base along with an increase in the awareness about medical aesthetic therapies is anticipated to steer the global market trends. Technological innovations in the domain of aesthetic devices will proliferate the demand for the product in the coming years.  The huge need for treating wrinkles and unwanted lesions as well as skin damage due to rays of the sun can upsurge the global market demand.

A growing trend among the old persons as well as the baby boomer population to stay young by rejuvenating their looks is likely to pave the way for immense growth of the market globally. Large-scale use of minimally invasive procedures has extended the use of energy-based aesthetic devices across the globe. Product innovations are likely to provide impetus to the global market in the coming years. Citing an instance, in the first half of 2021, Alma Lasers Limited, a firm offering medical aesthetics laser-based services, launched a non-invasive Alma PrimeX tool for skin tightening as well as body contouring. The move will help the firm expand its product line along with strengthening its position in the global market.

Energy-Based Aesthetic Devices Market: Restraints

Huge product costs can hinder the growth of the industry globally by 2032

Huge costs of energy-based aesthetic devices and improper compensation policies can retard the growth of the global energy-based aesthetic devices industry.

Energy-Based Aesthetic Devices Market: Opportunities

A rise in the purchase of cost-efficient products can help the global market explore a slew of growth opportunities

A surge in the demand for patient-centric and affordable products along with the rise in the per capita income will steer the growth of the energy-based aesthetic devices market globally. Escalating the use of the product in hospitals for performing aesthetic procedures will spur the growth of the market across the globe.

Energy-Based Aesthetic Devices Market: Challenges

Stringent legislation pertaining to the manufacturing of products can challenge the global industry expansion over 2024-2032

Strict government laws related to production as well as use of the product along with scarce availability of raw material supply can put a huge challenge for the global energy-based aesthetic devices industry.

Energy-Based Aesthetic Devices Market: Segmentation

The global energy-based aesthetic devices market is sectored into product, application, and region.                                    

In terms of product, the energy-based aesthetic devices market across the globe is segregated into radio frequency-based, ultrasound-based, light-based, laser-based, and others segment. Furthermore, the laser-based segment, which garnered nearly 61% of the global market earnings in 2023, is anticipated to record the fastest CAGR during the period from 2024 to 2032. Moreover, the segmental surge in the coming eight years can be ascribed to an increasing demand for laser treatments in various procedures and technological advances, laser-based devices are also expected to see significant growth during the forecast period.  

Based on the application, the global energy-based aesthetic devices industry is divided into hair removal, scar removal/skin resurfacing, skin rejuvenation, skin tightening, and others segment. Moreover, the skin tightening segment, which led the application segment in 2023, is set to dominate the segmental expansion in the coming eight years. The growth of the segment in the ensuing years can be due to the rise in the trend of skin tightening among the youth.

Energy-Based Aesthetic Devices Market: Report Scope

Energy-Based Aesthetic Devices Market: Regional Insights

North America is expected to dominate the global energy-based aesthetic devices market surge over the period from 2024 to 2032

North America, which accounted for nearly 67% of the global energy-based aesthetic devices market share in 2023, will be the leading region in the coming eight years. Moreover, the regional market expansion over the forecast timespan can be due to an increment in product manufacturers in countries such as the U.S. and Canada. Technological breakthroughs in skin tightening, hair removal, and skin resurfacing processes can further extend the scope of regional market growth. The need to look lively and rejuvenated among the adult & aging population of the region will further contribute to the growth of the market in the region.

The European energy-based aesthetic devices industry is anticipated to register the highest CAGR in the forecast timeframe. The surge of the industry in the continent in the coming decade can be due to a rise in the purchasing capacity of consumers in countries such as the UK, Germany, and France. Apart from this, a rise in the allocation of funds for manufacturing products with new features will further augment the growth of the industry in Europe.

Energy-Based Aesthetic Devices Market: Competitive Space

The global energy-based aesthetic devices market profiles key players such as:

• Yneron 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.
• Genesis Biosystems Inc.

The global market is highly fragmented with key players contributing to a minimal share of the market globally.    

The global energy-based aesthetic devices market is segmented as follows:

By Product

• Radio Frequency-Based
• Ultrasound-Based
• Light-Based
• Laser-Based
• Others

By Application

• Hair Removal
• Scar Removal/Skin Resurfacing
• Skin Rejuvenation
• Skin Tightening
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa