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Energy-Based Aesthetic Devices Market Insights, Potential Business Strategies, Mergers and Acquisitions, Revenue Analysis
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The categories of the MEA energy-based aesthetic devices market based on application are cellulite reduction, fat reduction & body contouring, skin tightening, hair removal, and facial & skin resurfacing/ photo rejuvenation. In the forecast period, the fastest growing category in the market is expected to be the fat reduction & body contouring. This can be credited to the rising cases of obesity in the region. Further, rather than going through painful surgeries, people are opting for energy-based aesthetic devices for non-surgical removal of fat.
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The MEA energy-based aesthetic devices market is observing growth due to the swift inclusion of advanced technologies in the medical industry. Consumers have become aware about pros and cons associated with surgical aesthetic treatments and are now opting for non-surgical methods. Cosmetic treatments are pretty cost-intensive, and many patients of different countries travel to emerging economies for cheaper healthcare services. For instance, Turkey received 756,000 patients from 144 nationalities in 2017, which generated a $7.2 billion to the country's economy, as per Turkish Healthcare Travel Council.
The MEA energy-based aesthetic devices market is headed toward prosperity as extensive research and development activities are going on in this domain for expanding the application area of these devices. In the field of laser, technical advancements have led to the development of new laser light delivery systems which make use of nanometer-sized fiber optics to be used for the treatment of various diseases and conditions. The machines have become extremely handy, in terms of size, and are able to carry out a procedure in less time with improved precision.
Therefore, the market for energy-based aesthetic devices in the region would flourish as the demand for cosmetic procedures is set to increase further in the forecast period.
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