According to FutureWise analysis the market for energy based aesthetic devices in 2023 is US$ 6.63 billion, and is expected to reach US$ 18.94 billion by 2031 at a CAGR of 14.02%.
The rising awareness, popularity, and accessibility of such devices, product advancements, rising affluence, and rising prevalence of chronic skin disorders all contribute to the increase. Furthermore, technical improvements in less invasive skin resurfacing and tightening treatments contribute to market growth. The constant technological progress and increasing use of energy-based aesthetic devices has shifted manufacturers' attention to inventing new, less-expensive, and simple-to-use items that can be used at home without any technical skill. As a result, at-home laser and light-based technologies are becoming more popular for treating wrinkles, scars, acne, and hair removal. In recent years, social media has emerged as one of the most important variables influencing a person's mental and physical health. Men and women's beauty preferences have shifted globally as a result of the media's constant portrayal of ideal beauty and body image comparisons. These developments have fueled the popularity of energy-based cosmetic treatments including intense pulsed light (IPL) and cryolipolysis.
Furthermore, hormonal fluctuations cause a progressive loss of collagen in the skin, resulting in changes in body fat composition and rolls of localised fat, cellulite, skin laxity, and other skin issues. Body image misperception and body weight dissatisfaction have been related to lower psychological well-being. As a result, energy-based cosmetic gadgets are now being employed in clinics, hospitals, and even people's homes. This is partly due to lasers' expanding aesthetic uses, such as skin sculpting and hair and fat removal. Furthermore, the ageing population and the prevalence of disorders related by sun overexposure, such as photoaging, have been steadily increasing, which is fueling global demand for and manufacture of these devices.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Energy Based Aesthetic Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Energy Based Aesthetic Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.