Numerous skin procedures, such as body sculpting, skin tightening, and resurfacing, utilize energy-based aesthetic devices. These devices are precise, targeted medical equipment with adjustable wavelengths that provide a range of therapeutic options. These devices are based on technologies that rejuvenate the skin, enhance texture and complexion, provide a smoother & younger look, and remove unwanted imperfections by utilizing a variety of energy sources.
The Global Energy-based Aesthetic Devices Market valued at $5 billion (2021) is set to witness a growth rate of 10% in the next 5 years. Technological improvements in aesthetic devices, endorsement of aesthetic treatments by celebrities, increased usage of social media and video-conferencing during Covid-19 pandemic leading to ‘Zoom Boom’ effect, rise in the incidence of skin disorders such as acne & fungal skin infections, and large population susceptible to various signs of aging and longer life expectancy are some of the main factors driving the global energy-based aesthetic devices market.
Technological advancements in energy-based aesthetic devices market to Fuel its Global Demand
Constant improvements in energy-based aesthetic devices have enabled the development of effective devices with expanded indications, reduced side effects, and improved patient comfort, among other things. Such advancements tend to provide competitive edge to manufacturers and thus, major players are continuously focusing on investing in research activities for the development of new products and expanding their geographic reach to strengthen their positions in the global energy-based aesthetic devices market.
Below is a list of a few technological developments:
- In June 2022, Cynosure launched the PicoSure Pro device, a 755nm picosecond laser that utilizes pressure to deliver energy in one trillionth of a second instead of heat, providing safe and effective treatments for skin revitalization and unwanted pigmentation for all skin types
- In March 2022, Lumenis launched the triLift facial stimulation device for three aging elements, namely, texture, contour, and structure by treating three tissue layers- epidermal layer, muscles, and dermal layer
- In April 2021, Alma Laser, a Sisram Medical company launched Alma PrimeX platform, a combination of ultrasound and radiofrequency technologies, used in skin tightening and circumference reduction in the abdomen, thighs, waist, and buttocks areas
- In April 2021, LASEROPTEK Co., Ltd. received 510(k) clearance from the US Food and Drug Administration (FDA) to expand the indications of its PicoLO picosecond pulse Nd:YAG laser for the treatment of acne scars, benign pigmented lesions, and wrinkles
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Key strategies adopted by market players operating in Energy-based Aesthetic Devices Market
Leading players in the energy-based aesthetic devices market have accepted acquisition and partnership as key growth strategy to expand their product offerings, enhance their geographic presence & distribution capabilities, and to develop advanced products.
Some of these developments are listed below -
- In August 2022, Sofwave Medical Ltd, developer of energy-based non-invasive, aesthetic medical devices entered in a collaboration and distribution agreement with HTDK Group to advance and expand its sales in China
- In May 2022, Crown Laboratories entered in an agreement to acquire the global, aesthetics-focused assets of Eclipse, to expand its aesthetics' product portfolio and to provide superior aesthetic products across geographies
- In March 2022, Cynosure KK (subsidiary of Cynosure LLC) and Jeisys Medical KK (subsidiary of Jeisys Medical Inc.) entered into a distribution partnership, in which Jeisys Medical will have exclusive distribution rights to Cynosure's energy-based laser portfolio's premier products in Japan
- In December 2021, Allergan Aesthetics, a subsidiary of AbbVie completed the acquisition of Soliton, Inc., a medical device company offering proprietary platform technology for aesthetic solutions- RESONIC, its Rapid Acoustic Pulse device. This acquisition was aimed at expanding and complimenting Allergan’s body contouring treatment portfolio
Competitive Landscape Analysis of Energy-Based Aesthetic Devices Market
The global energy-based aesthetic devices market is marked by the presence of key players such as Candela Corporation (US); Sciton, Inc. (US); Merz Pharma GmbH & Co. KGaA (Germany); Lumenis Ltd. (Israel); Alma Lasers (Israel); Cutera (US); Allergan Plc (Ireland); Cynosure (US); and others.
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