The energy-based aesthetic devices market share is projected to grow up to USD 1.08 billion, accelerating at a CAGR of 6.06% during the forecast period. The increasing demand for aesthetic procedures is notably driving the energy-based aesthetic devices market growth, however, the stringent regulatory approval process may impede the market growth. Technavio's energy-based aesthetic devices market research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends, and challenges that are likely to impact market growth.
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One of the key factors that will drive growth is the increasing demand for aesthetic procedures. In addition, the emergence of combination treatments and home-use devices are the major energy-based aesthetic devices market trends that will fuel the market growth. However, the stringent regulatory approval process is a major challenge for the energy-based aesthetic devices market growth.
Technavio's research report provides a comprehensive analysis of all the other factors that will boost growth, the latest trends, and challenges that are likely to influence growth in the current market scenario. The analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.
The energy-based aesthetic devices market is segmented by Product (Laser, Light, Ultrasound, and Radio frequency) and Geography (North America, Asia, Europe, and ROW). Based on the product segmentation, the energy-based aesthetic devices market growth in the laser segment will be significant during the forecast period.
By geography, the increasing demand for aesthetic procedures will facilitate the energy-based aesthetic devices market growth in North America. 32% of the market's growth will originate from North America during the forecast period. The US is the key market in North America.
The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Alma Lasers GmbH, Bausch Health Companies Inc., Candela Corp., Cutera Inc., Cynosure Inc., Fotona d.o.o., IRIDEX Corp., Johnson and Johnson Inc., Lumenis Ltd., and Merz Pharma GmbH and Co. KGaA are some of the major energy-based aesthetic devices market vendors.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. Download the Free PDF Sample Report