In 2021, the energy-based aesthetic devices market captured revenue of $2,661.6 million, and it is projected to advance at 10.1% rate from 2021 to 2030, to acquire revenue worth $6,326.2 million by 2030. It is attributed to increasing awareness, accessibility, and popularity of such devices, along with the innovations, surge in chronic skin conditions, and rising disposal income of the population. In addition, the minimally invasive treatments’ availability for skin tightening and resurfacing contribute to the market expansion.
The increased adoption of energy-based aesthetic devices with the continuous evolution of technology has fetched the attention of manufacturers to develop new, inexpensive, easy applicable products for home usage without requiring any technical expertise. Therefore, the popularity of at-home laser-and light-based devices is increasing to treat wrinkles, acne, scars, and hair removal.
The laser-based aesthetic devices hold approx. 40% share of the energy-based aesthetic devices market, which is the largest in itself, ascribed to their wide popularity. The next significant category is electromagnetic energy and light-based devices. The surge in cosmetic applications of lasers for skin contouring, fat, and hair reduction boosts the market. Furthermore, the rise in the elderly population and the growing incidence of skin problems caused overexposure to the sun, such as photoaging resulting in a surge in demand for the production of such devices.
North America is the largest energy-based aesthetic devices market revenue contributor, accounting for 40%, and it is expected to hold the same position in the coming future, attributed to the growing prevalence of the obese population, causing an increasing requirement to reduce fat and body shaping treatments. Moreover, by 2030, approximately 125 million people are predicted to suffer from obesity in the U.S.
Therefore, the rise in the elderly population with unwanted skin conditions and the growing prevalence of obesity are resulting in market proliferation.
