Radiofrequency Based Aesthetic Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented by Product Type (Opportunity Assessment, Radiofrequency Generators/Systems, Electrodes, Applicators, Others), By Modality (Portable Devices, Non-Portable Devices), By Application (Skin Tightening, Body Shaping, Fat Reduction, Others), By Technology (Monopolar RF, Bip
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationRadiofrequency Based Aesthetic Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented by Product Type (Opportunity Assessment, Radiofrequency Generators/Systems, Electrodes, Applicators, Others), By Modality (Portable Devices, Non-Portable Devices), By Application (Skin Tightening, Body Shaping, Fat Reduction, Others), By Technology (Monopolar RF, Bip
Global Radio Frequency-Based Aesthetic Devices market is anticipated to witness impressive growth during the forecast period. This can be ascribed to the growing demand for tightening skin and contouring the body by heating and destroying fat cells to maintain a healthy lifestyle in developing countries. Additionally, growing initiatives and investment by government organizations for developing new devices and the introduction of new radio frequency-based aesthetic devices have significantly increased the demand for radiofrequency based aesthetic devices across different parts of the globe. Additionally, factors like rising adoption of new technology and growing demand for personalized treatment for curing diseases, are further expected to increase the demand for the radiofrequency-based aesthetic device, thereby fuelling the market growth through 2028. Furthermore, increasing number of biopharmaceutical companies and growing expenditure on research and development is further expected to increase the demand for radiofrequency-based aesthetic devices, thereby supporting market growth. Radiofrequency based aesthetic devices work by delivering controlled heat energy to the skin. This energy heats up the deeper layers of the skin, which stimulates the production of collagen and elastin fibers. Collagen and elastin are proteins that are essential for healthy, youthful looking skin. As we age, our bodies produce less collagen and elastin, which can lead to sagging skin, wrinkles, and other signs of aging. One of the main benefits of radiofrequency based aesthetic devices is that they are non-invasive, meaning that they do not require incisions or anesthesia. This makes them a safer and less risky alternative to surgical procedures. Radiofrequency based aesthetic devices also have minimal downtime, which means that patients can resume their normal activities shortly after treatment. One of the major challenges facing the radiofrequency based aesthetic devices market is the high cost of the devices. These devices are typically expensive, which can limit their accessibility for some patients. The high cost of the devices may also limit the growth of the market in emerging economies, where affordability is a major concern. The market for radiofrequency based aesthetic devices is highly competitive, with many players vying for market share. This can lead to pricing pressure and lower profit margins, as companies try to undercut each other to win business. While radiofrequency based aesthetic devices are generally safe when used properly, there are some potential risks associated with their use. For example, if the heat energy is not properly controlled, it can lead to burns or other skin damage. As a result, there is a need for proper training and certification for practitioners who use these devices. Another challenge facing the market is the regulatory environment. Different countries have different regulations governing the use of radiofrequency based aesthetic devices, which can create barriers to entry for some companies. Compliance with regulations can also be costly and time-consuming. While radiofrequency based aesthetic devices can provide significant improvements in the appearance of the skin, their efficacy is limited. They may not be able to provide the same dramatic results as surgical procedures, which could limit their appeal for some patients.
Increasing demand for Minimally Invasive Procedures
The growing preference for minimally invasive procedures and treatments, along with technological advancements in radiofrequency-based devices is expected to create lucrative growth during the forecast period. Similarly, favourable reimbursement procedures for avail the treatment of chronic diseases like skin cancer is also fuel the market growth during the forecast period. At present, the most significant scientific advances that have been made in the medical field, especially in surgery cases, is the development of minimally invasive procedures.
However, the continued efforts to attain the required surgical output with minimal problems, recuperation time, and hospital hospitalizations can hamper the growth of the market. Radiofrequency-based aesthetic devices are basically used for minimally invasive treatments such as RF micro-needling, which is used to rejuvenate the formation of a skin. Additionally,, advancements in radiofrequency-based aesthetic devices with additional feature mixtures of multiple technologies and these technological advancements make significant market players develop products to serve radiofrequency ablation and aesthetic procedures which will enhance the demand for radiofrequency-based aesthetic devices. Above mentioned factors are expected to create lucrative growth during the forecast period. The global population is aging, and as people get older, they tend to experience more cosmetic concerns such as sagging skin and wrinkles. This demographic trend is expected to drive demand for radiofrequency based aesthetic devices in the coming years. The increasing awareness and acceptance of cosmetic procedures is another important driver of the radiofrequency based aesthetic devices market. As more people become aware of the benefits of cosmetic treatments, they are more likely to consider them as a way to enhance their appearance and boost their self-confidence. As disposable income levels rise in many parts of the world, more people are able to afford cosmetic treatments such as radiofrequency based aesthetic devices. This is expected to contribute to the growth of the market, particularly in emerging economies where the middle class is growing rapidly.
Growing Advancements in Aesthetic Device
Radiofrequency micro-needling is a non-surgical cosmetic procedure that helps restore skin's youthful appearance and can be performed with the assistance of aesthetic equipment powered by radiofrequency. The procedure helps restore the skin's natural ability to produce collagen, responsible for the skin's youthful appearance. In addition, the most recent developments in radiofrequency-based aesthetic devices, incorporate the use of a variety of different technologies in diverse combinations. Due to these technological advancements, popular market players are under increasing pressure to develop new products for radiofrequency ablation and cosmetic procedures. Another important driver of the market is the continued technological advancements in radiofrequency based aesthetic devices. Manufacturers are developing new and more advanced devices that are able to deliver more precise and controlled heat energy to the treatment area. These advancements have improved the efficacy and safety of the devices, making them more appealing to patients. As the popularity of radiofrequency based aesthetic devices has grown, there has been an increased focus on safety and efficacy. This has led to the development of stricter regulatory guidelines and the introduction of more rigorous testing protocols. Companies are also investing in research and development to ensure that their devices are safe and effective. The global radiofrequency based aesthetic devices market is also seeing increased demand in emerging markets, such as Asia and Latin America. This is due to the growing middle class in these regions, as well as the increasing popularity of non-invasive cosmetic procedures. Companies are expanding their operations in these markets and introducing products tailored to local preferences and needs. The radiofrequency based aesthetic devices market has seen increased consolidation in recent years, with larger companies acquiring smaller ones to expand their product portfolios and reach. This consolidation is expected to continue as companies look for ways to stay competitive and expand their global footprint. Some companies are also exploring the use of artificial intelligence and machine learning in radiofrequency based aesthetic devices. These technologies can help to improve the accuracy and precision of treatments and can lead to better outcomes for patients.
Growing Awareness about Radiofrequency Based Aesthetic Treatment
Increasing awareness on aesthetic treatments is expected to create lucrative growth during the forecast period. Skin rejuvenation is a type of treatment technique used to repair skin damage caused by aging, sun exposure, medical conditions, etc. Increasing concern about improving skin appearance and the signs and symptoms of early aging have resulted in increased awareness for aesthetic treatment of skin rejuvenation. The radiofrequency facelift may be a good option for people in their twenties who are considering anti-aging & maintenance procedures. Hence, the rise in concern over physical appearance, along with innovation in skin care products, would escalate the growth of the radiofrequency-based aesthetic devices market during the forecast period.
Furthermore, increasing the requirement for the radiofrequency device will surge with its increasing adoption by aesthetic clinics to treat skin diseases like acne, Vitiligo, etc. The growing usage of radiofrequency-based devices in aesthetic treatment to limit aging, pigmentation, etc., has been a major trend in the market, hence encouraging the demand for radiofrequency-based aesthetic devices in the forthcoming years.
Recent Development
- Medical aesthetic company Novus Medical introduced the Sylfirm X device to its portfolio in 2022. According to the company, the device is a radiofrequency micro-needling treatment designed to treat both the face and body with a focus on conditions such as melasma, extreme blushing, vascular lesions and rosacea, as well as fine lines, dull skin, acne scars, and large pores.
- The Venus Vivaâ„¢ is a fractional radiofrequency device that was launched in 2019 by Venus Concept. It uses a combination of NanoFractional Radio Frequencyâ„¢ and SmartScanâ„¢ technology to deliver targeted energy to the skin, promoting collagen synthesis and improving the appearance of wrinkles, fine lines, and acne scars.
- The Thermage FLX® is a non-invasive radiofrequency device launched by Solta Medical in 2018. It uses Comfort Pulse Technology™ to deliver radiofrequency energy to the skin, which stimulates collagen production and tightens and contours the skin. The device has received FDA clearance for treating wrinkles and skin laxity in various areas of the body, including the face, neck, and arms.
- The Morpheus8â„¢ is a fractional radiofrequency device launched by InMode in 2018. It combines microneedling and radiofrequency technology to deliver energy to the deep layers of the skin, promoting collagen synthesis and improving the appearance of wrinkles, fine lines, and acne scars. The device has received FDA clearance for use on the face and body.
Market Segmentation
Global radiofrequency-based aesthetic device market can be segmented by product type, modality, application, technology, end user, sales channel, and by region. Based on product type, the market can be segmented into Opportunity Assessment, Radiofrequency Generators/Systems, Electrodes, Applicators, and Others. Based on Modality, the market can be divided into Portable Devices and Non-Portable Devices. Based on application, the market can be segmented into Skin Tightening, Body Shaping, Fat Reduction, and Others. Based on Technology, the market can be segmented into Monopolar RF, Bipolar RF, Multipolar RF, Fractional RF, and Others. Based on End users, the market can be differentiated into Beauty Clinics, Homecare Settings, and Others. Based on the Sales channel, the market can be segmented into Distributor, Retail, and E-Commerce. Regionally, North America dominated the market among Asia Pacific, Europe, Middle East & Africa, and South America. Among the different countries, the United States dominated the global radiofrequency-based aesthetic devices market on account of the adoption of minimally invasive surgeries in the country.
Market Players
Alma Lasers Ltd., Beco Medical Group., Cymedics GmbH & Co. KG., Cynosure, Inc., EndyMed Ltd., Ibramed., INDIBA S.A., Inmode Ltd., Lumenis Ltd., Lutronic Corp. are some of the leading players operating in the Global Radiofrequency Based Aesthetic Device Market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · By Product Type · By Modality · By Application · By Technology · By Application · By End User · By Sales Channel · By Region |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE |
| Key companies profiled | Alma Lasers Ltd., Beco Medical Group., Cymedics GmbH & Co. KG., Cynosure, Inc., EndyMed Ltd., Ibramed., INDIBA S.A., Inmode Ltd., Lumenis Ltd., Lutronic Corp. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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