Energy-Based Aesthetic Devices Market and its Growth Prospect in the Near Future

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The energy-based aesthetic devices market reached a value of $2.6 billion in 2018, and it is predicted to witness a CAGR of 10.4% during 2019–2024 (forecast period).

In 2014, in the U.S. alone, nearly 14 million minimally invasive cosmetic treatments were conducted, which was 154% more since 2000, as reported by the American Society of Plastic Surgeries. Usually, surgical cosmetic procedures involve a high cost, and at times elicit side-effects, and can be medically unsafe.

Due to this, people are increasingly opting for safer and minimally invasive treatments. Technical advancements have led to the development of energy-based aesthetic devices, which help carry out such procedures without much ado. For instance, laser and cryolipolysis procedures are now being used for fat removal and body contouring purposes, which have eliminated the need for invasive surgical procedures, thereby resulting in the faster recovery of patients. Therefore, the demand for energy-based aesthetic devices is surging due to the growing requirement for non-surgical or minimally invasive treatments.

Devices which utilize different energy forms, such as intense pulse light, radiofrequency, laser, plasma, several forms of light, sound or heat for conducting cosmetic procedures in a painless and minimally invasive manner, are termed as energy-based aesthetic devices. The energy-based aesthetic devices market is predicted to advance at a 10.4% CAGR in the coming years, garnering $4.5 billion. These devices are based on various technologies, namely plasma energy, laser, suction, light, cryolipolysis, electromagnetic energy, and ultrasound. All throughout 2014–2018, the highest demand was for devices based on laser, as it was one of the earliest technologies to be used for various cosmetic treatments, such as cellulite reduction, body shaping, fat reduction, and hair, vascular lesion, and acne removal. This technology is expected to witness considerable growth in demand in the coming years as well. A few examples of laser-based devices are neodymium-doped yttrium aluminum garnet (Nd:YAG), erbium-doped yttrium aluminum garnet (Er:YAG), carbon dioxide, potassium titanyl phosphate, ruby, and alexandrite.

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The energy-based aesthetic devices used in the dermatology domain are undergoing extensive research and development activities and experimental studies. Technological advancements and innovations have enabled the development of new technologies and their integration into the devices presently being used. For instance, for the treatment of various diseases and medical conditions, new laser light delivery systems that make use of fiber optics on the nanometer scale are being researched on. Further, technical advancements have made these machines portable and easy to handle and operate. Therefore, energy-based device manufacturers can expand their product portfolio by taking advantage of the increasing innovations in this domain.

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