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The global energy-based non-invasive medical aesthetic treatment system market size is estimated to grow by USD 1,841.74 million between 2021 to 2026 accelerating at a CAGR of 11.11%.
This energy-based non-invasive medical aesthetic treatment system market report extensively covers market segmentation by Application (skin rejuvenation, vaginal rejuvenation, hair removal, leg vein treatment, and others), End-user (medspa, hospitals and surgery center, hcp owned clinic, and traditional spa), and Geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges.
Customers are becoming more aware of energy-based non-invasive medical aesthetic treatment systems, resulting in increased demand for non-invasive body contouring. The market is attracting new vendors who are conducting events and advertising their products, such as Alma Lasers, Candela, and Hologic. Technological advances have led to the launch of new and improved devices that offer better treatment quality and shorter recovery times. Leading vendors are also offering specific packages to encourage the adoption of body contouring, such as Alma Care, which provides clinical training, financing options, marketing resources, and an extended warranty. These initiatives are driving the global market for energy-based non-invasive medical aesthetic treatment systems during the forecast period.
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The COVID-19 outbreak had a negative impact on the energy-based non-invasive medical aesthetic treatment system market in North America in 2020. The rise in cases led to partial lockdowns, delaying or postponing some scheduled treatments. However, restrictions were relaxed in the second half of 2020, encouraging people to resume health checkups and treatments. Although partial lockdowns resumed in some countries in Q1 2021, the relaxation of such restrictions is expected to drive market growth during the forecast period.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Energy-based non-invasive medical aesthetic treatment system vendors are increasing their social media presence to improve their visibility among customers. Alma Lasers has partnered with Solomoto, an online platform that allows its resellers to manage their social media activity and use Alma Lasers' content. Healthcare providers (HCPs) providing such treatments also use social media platforms like Facebook, Twitter, and Instagram to promote their services and share customer testimonials. These initiatives had a positive impact on the growth of the global energy-based non-invasive medical aesthetic treatment systems market during the forecast period.
Vendors offering energy-based non-invasive medical aesthetic treatment systems see significant growth opportunities in developing countries, such as India, due to increasing demand for hair removal, skin rejuvenation, and fat reduction treatments. Additionally, growing awareness of the benefits of these treatments and rising disposable incomes in these countries are driving market growth. As a result, global vendors are expanding their presence in developing countries, creating demand for energy-based non-invasive medical aesthetic treatment systems and driving market growth during the forecast period.
HCPs investing in energy-based non-invasive medical aesthetic treatments face high costs due to the heavy investment by manufacturers in R&D to develop advanced systems with ultrasound, laser, and RF technologies. The limited bargaining power of vendors with raw material suppliers also increases production costs. HCPs need to regularly upgrade to the latest, expensive systems to meet the growing demand for advanced treatments. These costs pose a challenge for new vendors entering the market, despite limited entry barriers.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Johnson and Johnson - The company offers energy-based non-invasive medical aesthetic treatment systems such as consumer health medTech and pharmaceutical under consumer segment. This segment caters to pharmaceutical, women health and wound care markets.
The report also includes detailed analyses of the competitive landscape of the market and information about prominent and key market vendors, including:
Technavio’s report consists of a holistic analysis of the key development analysis, development stage, key market players, their marketing strategies, and powerful innovations to help any client gain a competitive edge.
The market share growth of the skin rejuvenation segment will be significant during the forecast period. The market will continue to grow due to the increasing demand for anti-aging treatments from people between the ages of 30 and 65. Due to aging and external factors such as exposure to ultraviolet (UV) radiation and pollution and the use of chemical products, the skin loosens and develops wrinkles. Because of the growing awareness about the availability of advanced non-surgical anti-aging procedures, the demand for energy-based non-invasive medical aesthetic treatment systems for skin rejuvenation is increasing.
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The hospital and surgery centers segment is expected to witness significant growth in terms of CAGR compared with the others segment in the global energy-based non-invasive medical aesthetic treatment systems market during the forecast period. Medical aesthetic products provide various benefits to hospitals and clinics across multiple levels and roles, such as improved patient care and satisfaction, enhanced operations at POC (Point of care), and facilitating cost savings by strengthening the operational bottom line. In 2021, the hospitals were the major revenue contributor to the growth of the market owing to factors such as growing cases of surgeries and the presence of skilled professionals. Governments in countries such as the UK are taking effective measures to make medical aesthetic products accessible to people; hence, they promote the usage of medical aesthetics, analyzers, and reagents in hospitals. Such factors are propelling the overall market growth.
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56% of the market’s growth will originate from North America during the forecast period. The US is the key market for the market in North America. Market growth in this region will be faster than the growth of the market in regions.
Growing awareness about the availability of energy-based non-invasive medical aesthetic treatment systems will facilitate the growth of the market in North America during the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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Energy-based Non-invasive Medical Aesthetic Treatment System Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2022 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.11% |
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Market growth 2023-2027 |
USD 1,841.74 million |
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Market structure |
Fragmented |
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YoY growth (%) |
9.34 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 46% |
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Key consumer countries |
US, Japan, China, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
AbbVie Inc., Alma Lasers GmbH, AngioDynamics Inc., Bausch Health Co Inc., Boston Scientific Corp., Candela Corp, Cutera Inc., Cynosure LLC, El.En. Spa., Galderma SA, Hologic Inc., INDIBA SA., Lumenis Be Ltd, Mentor Plastic Surgery., Merz Pharma GmbH and Co KGaA, Prollenium Medical Technologies Inc., Sciton Inc., Suneva Medical, and Johnson and Johnson |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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