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Energy-based Non-invasive Medical Aesthetic Treatment System Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR40450
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The market share is expected to increase by USD 1.21 billion from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 9.4%. This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The market report also offers information on several market vendors, including Alma Lasers GMBH, Bausch Health Companies Inc., Candela Corp., Cutera Inc., Cynosure Inc., El.En. Spa, Hologic Inc., Johnson and Johnson Services Inc., Lumenis Ltd., and Merz Pharma GmbH & Co. KGaA among others. Furthermore, this report extensively covers market segmentation by application (skin rejuvenation, hair removal, vaginal rejuvenation, leg vein treatment, and others) and geography (North America, Europe, and Asia).

What will the Energy-based Non-invasive Medical Aesthetic Treatment System Market Size be During the Forecast Period?

Energy-based Non-invasive Medical Aesthetic Treatment System Market Size

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Market: Key Drivers, Trends, and Challenges

The growing awareness about the availability of energy-based non-invasive medical aesthetic treatment systems is notably driving the market growth, although factors such as need for significant investments to offer energy-based non-invasive medical aesthetic treatment may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Energy-based Non-invasive Medical Aesthetic Treatment System Market Driver

Growing awareness about the availability of energy-based non-invasive medical aesthetic treatment systems is a key driver impacting the global energy-based non-invasive medical market growth. Awareness about the availability of energy-based non-invasive medical aesthetic treatment systems is growing among customers. Due to the increasing demand for non-invasive body contouring, several new vendors are entering the market. Several vendors are conducting various events and advertising their products to increase awareness about energy-based non-invasive medical aesthetic treatments. For instance, vendors such as Alma Lasers, Candela, and Hologic are organizing events to promote their products, especially products that are specifically developed for women's health. Due to advances in technology, new and improved devices are being launched in the market. Such devices improve the quality of treatment and reduce the time required for recovery. Leading vendors offer specific packages to increase the adoption of body contouring. For instance, in March 2017, Alma Lasers launched Alma Care, which is a marketing package that provides clinical training, flexible financing options, marketing, and media resources, and an extended warranty. Such initiatives are increasing the awareness about energy-based non-invasive medical aesthetic treatments among customers, which in turn is driving the global energy-based non-invasive medical aesthetic treatment systems market.

Key Energy-based Non-invasive Medical Aesthetic Treatment System Market Trend

The availability of advanced devices is a key trend impacting the global energy-based non-invasive medical market growth. Vendors are focusing on R&D to introduce advanced energy-based non-invasive medical aesthetic treatment systems. Due to the entry of several vendors, competition is intensifying, and the profit margins of vendors are decreasing. To maintain their market position, the key vendors are increasing investments in new product development. Advanced energy-based non-invasive medical aesthetic treatment systems are widely accepted in developed regions such as North America and Europe due to the increasing focus on healthcare. For instance, in March 2019, Lumenis unveiled various innovative technologies for multiple skins and body applications at the 2019 American Academy of Dermatology Conference. Newly launched products include LightSheer QUATTRO and SPLENDOR X in the hair-removal category, PiQo for tattoo removal, and NuEra Tight for superficial and deep heating. In January 2018, Alma Lasers launched the Small Areas Treatment Concept to treat the submental triangle, the back of the arm, and the cheek using RF and ultrasound.

Key Energy-based Non-invasive Medical Aesthetic Treatment System Market Challenge

The need for significant investments to offer energy-based non-invasive medical aesthetic treatment will be a major challenge negatively impacting the global energy-based non-invasive medical market growth.HCPs must make significant investments to offer energy-based non-invasive medical aesthetic treatments. This is because the manufacturers of energy-based non-invasive medical aesthetic treatment systems must invest heavily in R&D to develop advanced systems with technologies such as ultrasound, laser, and RF, which increases the cost of systems. Due to the strong position of suppliers that offer raw materials, the bargaining power of vendors is limited, which increases the cost of production. Due to the increasing demand for advanced energy-based non-invasive medical aesthetic treatments, HCPs must replace legacy systems with the latest systems, which are expensive, to retain their customers. Moreover, HCPs incur regular expenditures to operate advanced energy-based non-invasive medical aesthetic treatment centers. Such factors will hinder the market growth during the forecast period.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global energy-based non-invasive medical aesthetic treatment system market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major Energy-based Non-invasive Medical Aesthetic Treatment System Market Vendors?

The report analyzes the global healthcare equipment market's competitive landscape and offers information on several market vendors, including:

 

  • Alma Lasers GMBH
  • Bausch Health Companies Inc.
  • Candela Corp.
  • Cutera Inc.
  • Cynosure Inc.
  • El.En. Spa
  • Hologic Inc.
  • Johnson and Johnson Services Inc.
  • Lumenis Ltd.
  • Merz Pharma GmbH & Co. KGaA

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as acquisitions, entering distribution agreements, expanding into untapped markets, and launching several new products to compete in the market.

Product Insights and News

  • Cutera Inc - The company offers products such as enlighten, excel HR, excel V, excel V+, and other related products.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Energy-based Non-invasive Medical Aesthetic Treatment System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global healthcare equipment market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for the Energy-based Non-invasive Medical Aesthetic Treatment System Market?

Energy-based Non-invasive Medical Aesthetic Treatment System Market Market segmentation by region

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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.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 affected all countries in North America, especially the US, in 2020. It also had a negative impact on the energy-based non-invasive medical aesthetic treatment system market in North America. As of May 24, 2021, more than 33.89 million COVID-19 cases were reported in the US. A rise in the number of COVID-19 cases in the first quarter of 2021 led to partial lockdowns in several countries, including Canada and Mexico. Thus, various non-urgent treatments and clinical visits were scheduled in either limited capacity or were completely closed as per guidelines of the respective countries in the region.

What are the Revenue-generating Application Segments in the Energy-based Non-invasive Medical Aesthetic Treatment System Market?

Energy-based Non-invasive Medical Aesthetic Treatment System Market Segmentation

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The market share growth in the skin rejuvenation segment will be significant during the forecast period. The growth of the global energy-based non-invasive medical aesthetic treatment system for the skin rejuvenation market is driven by the growth of the economies of several countries, which has resulted in increased disposable incomes of people and enhancement of their standards of living.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

Energy-based Non-invasive Medical Aesthetic Treatment System Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 9.4%

Market growth 2020-2024

$ 1213.57 million

Market structure

Fragmented

YoY growth (%)

8.78

Regional analysis

North America, Europe, and Asia

Performing market contribution

North America at 56%

Key consumer countries

US, Germany, Japan, China, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Alma Lasers GMBH, Bausch Health Companies Inc., Candela Corp., Cutera Inc., Cynosure Inc., El.En. Spa, Hologic Inc., Johnson and Johnson Services Inc., Lumenis Ltd., and Merz Pharma GmbH & Co. KGaA

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

Customization purview

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What are the Key Data Covered in this Energy-based Non-invasive Medical Aesthetic Treatment System Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industry across North America, Europe, and Asia
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03:Value chain analysis - Healthcare equipment

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Skin rejuvenation - Market size and forecast 2020-2025
      • Exhibit 17: Skin rejuvenation - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Skin rejuvenation - Year-over-year growth 2020-2025 (%)
    • 5.4 Hair removal - Market size and forecast 2020-2025
      • Exhibit 19: Hair removal - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Hair removal - Year-over-year growth 2020-2025 (%)
    • 5.5 Vaginal rejuvenation - Market size and forecast 2020-2025
      • Exhibit 21: Vaginal rejuvenation - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Vaginal rejuvenation - Year-over-year growth 2020-2025 (%)
    • 5.6 Leg vein treatment - Market size and forecast 2020-2025
      • Exhibit 23: Leg vein treatment - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Leg vein treatment - Year-over-year growth 2020-2025 (%)
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by Application
      • Exhibit 27: Market opportunity by Application

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 29: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 30: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 33: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 Asia - Market size and forecast 2020-2025
      • Exhibit 35: Asia - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: Asia - Year-over-year growth 2020-2025 (%)
    • 7.6 ROW - Market size and forecast 2020-2025
      • Exhibit 37: ROW - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: ROW - Year-over-year growth 2020-2025 (%)
    • 7.7 Key leading countries
      • Exhibit 39: Key leading countries
    • 7.8 Market opportunity by geography
      • Exhibit 40: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 41: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • 9.2 Vendor landscape
            • Exhibit 42: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 43: Landscape disruption
            • Exhibit 44: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 45: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 46: Market positioning of vendors
          • 10.3 Alma Lasers GmbH
            • Exhibit 47: Alma Lasers GmbH - Overview
            • Exhibit 48: Alma Lasers GmbH - Product and service
            • Exhibit 49: Alma Lasers GmbH – Key news
            • Exhibit 50: Alma Lasers GmbH - Key offerings
          • 10.4 Bausch Health Companies Inc.
            • Exhibit 51: Bausch Health Companies Inc. - Overview
            • Exhibit 52: Bausch Health Companies Inc. - Business segments
            • Exhibit 53: Bausch Health Companies Inc. - Key offerings
            • Exhibit 54: Bausch Health Companies Inc. - Segment focus
          • 10.5 Candela Corp.
            • Exhibit 55: Candela Corp. - Overview
            • Exhibit 56: Candela Corp. - Product and service
            • Exhibit 57: Candela Corp. - Key offerings
          • 10.6 Cutera Inc.
            • Exhibit 58: Cutera Inc. - Overview
            • Exhibit 59: Cutera Inc. - Product and service
            • Exhibit 60: Cutera Inc. – Key news
            • Exhibit 61: Cutera Inc. - Key offerings
          • 10.7 Cynosure Inc.
            • Exhibit 62: Cynosure Inc. - Overview
            • Exhibit 63: Cynosure Inc. - Product and service
            • Exhibit 64: Cynosure Inc. - Key offerings
          • 10.8 El.En. Spa
            • Exhibit 65: El.En. Spa - Overview
            • Exhibit 66: El.En. Spa - Business segments
            • Exhibit 67: El.En. Spa - Key offerings
            • Exhibit 68: El.En. Spa - Segment focus
          • 10.9 Hologic Inc.
            • Exhibit 69: Hologic Inc. - Overview
            • Exhibit 70: Hologic Inc. - Business segments
            • Exhibit 71: Hologic Inc. – Key news
            • Exhibit 72: Hologic Inc. - Key offerings
            • Exhibit 73: Hologic Inc. - Segment focus
          • 10.10 Johnson and Johnson
            • Exhibit 74: Johnson and Johnson - Overview
            • Exhibit 75: Johnson and Johnson - Business segments
            • Exhibit 76: Johnson and Johnson - Key offerings
            • Exhibit 77: Johnson and Johnson - Segment focus
          • 10.11 Lumenis Ltd.
            • Exhibit 78: Lumenis Ltd. - Overview
            • Exhibit 79: Lumenis Ltd. - Product and service
            • Exhibit 80: Lumenis Ltd. - Key offerings
          • 10.12 Merz Pharma GmbH & Co. KGaA
            • Exhibit 81: Merz Pharma GmbH & Co. KGaA - Overview
            • Exhibit 82: Merz Pharma GmbH & Co. KGaA - Product and service
            • Exhibit 83: Merz Pharma GmbH & Co. KGaA – Key news
            • Exhibit 84: Merz Pharma GmbH & Co. KGaA - Key offerings

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 85: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 86: Research Methodology
              • Exhibit 87: Validation techniques employed for market sizing
              • Exhibit 88: Information sources
            • 11.4 List of abbreviations
              • Exhibit 89: List of abbreviations

            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.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Energy-based Non-invasive Medical Aesthetic Treatment System Market market growth will increase by $1.21 bn during 2020-2024.
            The energy-based non-invasive medical aesthetic treatment system market market is expected to grow at a CAGR of 9.4% during 2020-2024.
            Technavio has segmented the energy-based non-invasive medical aesthetic treatment system market market by application (skin rejuvenation, hair removal, vaginal rejuvenation, leg vein treatment, and others) ,geography (North America, Europe, Asia, and ROW) , and geographic (North America, Europe, and Asia).
            Alma Lasers GMBH, Bausch Health Companies Inc., Candela Corp., Cutera Inc., Cynosure Inc., El.En. Spa, Hologic Inc., Johnson and Johnson Services Inc., Lumenis Ltd., Merz Pharma GmbH & Co. KGaA are a few of the key vendors in the energy-based non-invasive medical aesthetic treatment system market market.
            North America will register the highest growth rate of 56% among the other regions. Therefore, the energy-based non-invasive medical aesthetic treatment system market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
            • US
            • Germany
            • Japan
            • China
            • France
            The key factors driving the energy-based non-invasive medical aesthetic treatment system market market growth are:
            • Growing awareness about the availability of energy-based non-invasive medical aesthetic treatment systems
            • Availability of advanced devices
            The energy-based non-invasive medical aesthetic treatment system market market vendors should focus on grabbing business opportunities from the skin rejuvenation segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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