The global energy-based aesthetic devices market was valued at USD 2,484.7 million in 2018, which will grow at a CAGR of 11.1% during the forecast period. Globally, energy-based aesthetic devices industry players are leveraging market growth through the development of advanced at-home devices for aesthetic purpose.
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Based on application, the energy-based aesthetic devices market is segmented into facial and skin resurfacing/photo rejuvenation, skin tightening, hair removal, fat reduction and body contouring, and cellulite reduction. Among all the application, hair removal is the most common application of energy-based aesthetic devices.
On the basis of technology, the global energy-based aesthetic devices market is categorized into light-based, laser, electromagnetic energy, cryolipolysis, ultrasound, suction-based, plasma energy, wherein laser-based devices hold the largest share in the market.
Based on distribution channel, the energy-based aesthetic devices market is segmented into direct and indirect channel. Among the two categories, the sale of these devices through direct channels is anticipated to grow at the faster rate during the forecast period.
Geographically, North America has accounted for the largest share in energy-based aesthetic devices market, globally and is predicted to grow significantly during the forecast period. The growth of this market is attributed towards the existence of a large number of industry players and also has the highest healthcare expenditure globally.
Some of the key players operating in the global energy-based aesthetic devices market are Syneron Medical Ltd., IRIDEX Corporation, Merz Pharma GmbH & Co.KGaA, Alma Lasers Inc., Lumenis Ltd., TRIA Beauty Inc., Hologic Inc., Cutera Inc., Sciton Inc., Venus Concept Ltd., Bausch Health Companies Inc., and Genesis Biosystems Inc.
Source: VynZ Research
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