Why is Energy-Based Aesthetic Devices Market Expected to Boom in North America Between 2019 and 2024

The valuation of the global energy-based aesthetic devices market is predicted to increase from $2.6 billion to $4.6 billion from 2018 to 2024.

The major factors driving the growth of the market are the increasing awareness amongst the people about the advantages of energy-based aesthetic systems, growing popularity of minimally invasive aesthetic treatment procedures, and soaring geriatric population across the world. Furthermore, the market will exhibit a CAGR of 10.4% from 2019 to 2024, according to the predictions of the market research company, P&S Intelligence. 

The adoption of facial aesthetic treatment procedures by celebrities has tremendously increased the popularity of these treatment methods. Moreover, it has created awareness amongst the masses about these treatment methods and made these procedures more acceptable within the society. As per an article published by the Harley Academy, the lip filler treatment of Kylie Jenner in 2015 caused a 70.0% rise in enquiries related to aesthetic treatment procedures in the U.K. Furthermore, the popularity and social acceptance of non-surgical aesthetic treatments will increase sharply in the future years.

Fat reduction, body contouring, skin tightening, facial and skin resurfacing/photo rejuvenation, cellulite reduction, and hair removal are the main categories present under the application segmentation of the market. Out of these, the hair removal category is presently observing the highest growth in the market. This is ascribed to the rising awareness amongst people regarding the safety of the energy-based systems such as laser, that are commonly used in hair removal processes.

Geographically, the energy-based aesthetic devices market is predicted to register the highest growth in North America in the forthcoming years. This is credited to the existence of numerous well-established energy-based aesthetic device producing companies and the growing utilization of these devices in the North American nations. In North America, the market is predicted to hold the highest share in the U.S. in the future years, due to the rising availability of non-invasive treatment procedures in the country.

However, despite the aforementioned factors, the market will exhibit the fastest growth in the Asia-Pacific (APAC) region 

over the next several years, demonstrating a CAGR of over 12.0% between 2019 and 2024. The main factors driving the advancement of the market in the region are the increasing disposable income of the people, affordable prices of the energy-based systems and treatment procedures, and the improving healthcare infrastructure in several APAC countries. 

Hence, it can be said with surety that the market will grow exponentially throughout the world in the years to come, primarily because of the increasing awareness about minimally invasive aesthetic treatment plans, increasing geriatric population, and surging popularity of technologically advanced healthcare instruments. 

Source: P&S Intelligence