Energy-based Aesthetic Devices Market - By Product (Laser-based, Radiofrequency-based, Light-based, Ultrasound), Gender (Male [18 Years & Below, 19-34, 35-50, 51-64, 65 Years & Above], Female), End-use (Hospital, ASC) – Global Forecast 2024 – 2032

Energy-based Aesthetic Devices Market - By Product (Laser-based, Radiofrequency-based, Light-based, Ultrasound), Gender (Male [18 Years & Below, 19-34, 35-50, 51-64, 65 Years & Above], Female), End-use (Hospital, ASC) – Global Forecast 2024 – 2032

Energy-based Aesthetic Devices Market Size

Energy-based Aesthetic Devices Market size was valued at around USD 4.5 billion in 2023 and is estimated to grow at 16.1% CAGR from 2024 to 2032. Energy-based aesthetic devices are medical devices that utilize various forms of energy, such as light, radiofrequency, ultrasound, or laser, to address a wide range of cosmetic concerns and provide non-invasive or minimally invasive treatments. These devices are commonly used in dermatology, plastic surgery, and aesthetic clinics to enhance the appearance of the skin, reduce signs of aging, and treat specific conditions.

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Obesity, a global health crisis, is fueling a rising demand for body contouring and fat reduction solutions. In 2022, the World Health Organization (WHO) revealed that over one billion individuals globally grapple with obesity, encompassing 650 million adults, 340 million adolescents, and 39 million children. Projections indicate a deepening crisis, with the WHO estimating that by 2025, approximately 167 million individuals will grapple with obesity-related health challenges.

This underscores the pressing need for effective interventions. Energy-based aesthetic devices offer non-invasive or minimally invasive treatments, boasting reduced discomfort and quicker recovery times than traditional surgical routes such as liposuction using liposuction devices. With increasing awareness and technological strides, more individuals are turning to these solutions to address obesity-related issues. Thereby propelling the market growth.

Furthermore, the increasing adoption of non-invasive procedures is a considerable catalyst for the energy-based aesthetic devices market. Patients and practitioners alike are showing a growing preference for non-invasive treatments due to their effectiveness, and safety. Non-invasive energy-based devices, such as lasers and radiofrequency devices, are popular for skin rejuvenation and addressing signs of aging. Patients seek treatments that improve skin texture, reduce fine lines and wrinkles, and enhance overall skin quality without surgery.
 

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Energy-based Aesthetic Devices Market Trends

• The rising awareness surrounding energy-based aesthetic procedures serves as a significant accelerator for the market. As individuals become more educated about the advantages and efficacy of these treatments, the demand for devices that facilitate these procedures continues to grow.
   
• Moreover, technological advancements continuously push the limits of devices achievable in cosmetic and medical treatments, providing improved effectiveness, safety, and patient contentment. Advancements in energy-based devices result in improved targeting of specific skin concerns, such as fine lines, wrinkles, and pigmentation. Precise delivery of energy leads to more effective treatment outcomes.

Energy-based Aesthetic Devices Market Analysis

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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.

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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.

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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.

Energy-based Aesthetic Devices Market Share

The energy-based aesthetic devices industry is marked by intense competition, with major global players and smaller to medium-sized companies competing for market dominance. A key market strategy involves the consistent launch of innovative products that leverage a variety of technologies. Leading companies drive innovation by investing heavily in research and development. Additionally, strategic partnerships, acquisitions, and mergers are critical for strengthening market positions and expanding international presence.

Energy-based Aesthetic Devices Market Companies

Some of the eminent market participants operating in the energy-based aesthetic devices industry include

• Apax Partners
• Boston Scientific Corporation
• Bausch Health Companies Inc.
• Cutera, Inc.
• Hahn & Company
• Merz Pharma GmbH & Co. KGaA
• Sciton, Inc.
• SharpLight Technologies Inc.
• Sisram Medical Ltd
• Tria Beauty
• Venus Concept Inc.
• Vitruvian Partners LLP

Energy-based Aesthetic Devices Industry News

• In April 2024, Venus Concept Inc. announced clearance from the Therapeutic Goods Administration (TGA) in Australia to market its Venus Versa Pro system. This new device merges features from the company's Venus Viva MD applicator and Venus Versa system, combining advanced technologies to enhance aesthetic treatments. With this approval Venus Concept reaffirms its commitment to providing cutting-edge technologies to healthcare providers worldwide further solidifying its position as a leader in the medical aesthetic industry.
   
• In January 2024, Cynosure and Hahn & Company acquired Lutronic and announced a definitive merger agreement for a strategic combination of Cynosure and Lutronic. Both companies are global providers of energy-based medical aesthetic treatment systems and related technologies. This strategic merger is anticipated to create a global leader in medical aesthetic systems, boasting a diversified and innovative product portfolio with a commercial presence in over 130 countries.

The energy-based aesthetic devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million and volume in Units from 2021 – 2032 for the following segments

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Market, By Product

• Laser-based aesthetic device
• Radiofrequency (RF)-based aesthetic device
• Light-based aesthetic device
• Ultrasound aesthetic device
• Other products

Market, By Gender

• Male
  • 18 years and below
  • 19-34 years
  • 35-50 years
  • 51-64 years
  • 65 years and above 
• Female
  • 18 years and below
  • 19-34 years
  • 35-50 years
  • 51-64 years
  • 65 years and above

Market, By End-use

• Hospitals
• Ambulatory surgical centers
• Beauty centers and medical spas
• Dermatology clinics
• Home settings

The above information is provided for the following regions and countries

• North America 
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Switzerland
  • Norway
  • Finland
  • Sweden
  • Denmark
  • Netherlands
  • Rest of Europe 
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Taiwan
  • Indonesia
  • Vietnam
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Rest of Latin America 
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Rest of Middle East and Africa