Energy-Based Dermatology Devices Market to grow at a CAGR of over 9.4% from 2023 to 2031, reveals Growth Plus Reports

According to the deep-dive market assessment study by Growth Plus Reports, the global energy-based dermatology devices market was valued at US$ 2.62 billion in 2022 and is expected to register a revenue CAGR of 9.4% to reach US$ 5.89 billion by 2031.

Energy-Based Dermatology Devices Market Fundamentals
Energy-based aesthetic devices are medical devices that use various forms of energy, such as ultrasound, radiofrequency, and intense pulsed light (IPL), to improve the appearance of the skin or body. These devices are used in a variety of cosmetic treatments, including hair removal, skin rejuvenation, body contouring, and tattoo removal. Energy-based aesthetic devices deliver controlled energy to the skin or underlying tissue, stimulating collagen production, destroying hair follicles or pigmented cells, or selectively heating fat cells. The devices are designed to target specific structures within the skin or body while minimizing damage to surrounding tissue. Advancements in technology have led to the development of more effective and safer energy-based devices, resulting in greater patient satisfaction and adoption of these treatments. These devices are available in a range of sizes and configurations, from handheld devices for home use to larger, more powerful devices used in medical facilities.

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Energy-Based Dermatology Devices Market Dynamics
Developing new energy-based aesthetic devices with better efficacy and safety profiles is driving the market growth. Advancements such as fractional, radiofrequency, and ultrasound devices have improved treatment outcomes and increased patient satisfaction, leading to greater adoption of energy-based aesthetic treatments and the growth of the global energy-based dermatology devices market. There is a growing demand for non-invasive cosmetic procedures that offer similar benefits to surgical procedures without the associated risks and recovery time. Energy-based aesthetic devices provide a non-invasive solution to many aesthetic concerns, including skin rejuvenation, body contouring, and hair removal. Furthermore, the increasing awareness about the benefits of aesthetic treatments has led to greater acceptance and demand for energy-based aesthetic devices. The rise of social media and the popularity of influencers sharing their aesthetic treatments have made energy-based devices more accessible and desirable to the public.
However, energy-based aesthetic devices are expensive to manufacture, and their high costs are passed on to consumers. This makes the devices inaccessible to many people, particularly those in emerging economies with limited purchasing power. While energy-based aesthetic devices offer non-invasive solutions to cosmetic concerns, they are not without risks. Side effects such as skin burns, hyperpigmentation, and scarring can occur, particularly if the devices are not used correctly. These side effects can deter potential patients from seeking treatment and harm market growth. Additionally, competition from non-energy-based devices, lack of standardization, and regulatory challenges impede the overall market growth.
Energy-Based Dermatology Devices Market Ecosystem
The global energy-based dermatology devices market is analyzed from four perspectives: Technology, Application, End User, and Region.
Energy-Based Dermatology Devices Market by Technology
Based on the technology, the global energy-based dermatology devices market is segmented into UV technology, infrared technology, radiofrequency technology, low temperature-based technology, suction-based technology, and others.
The infrared technology segment accounts for a major revenue share of the market, attributed to increasing demand for non-invasive treatments for skin rejuvenation and hair removal and advancements in technology that have led to more efficient and effective infrared devices. Infrared technology devices are medical devices that use infrared light to treat various dermatological conditions. These devices are commonly used for skin rejuvenation, wrinkle reduction, and hair removal. Infrared technology devices work by using a specific wavelength of light to penetrate the skin and heat the tissue, stimulating collagen production, reducing the appearance of wrinkles and fine lines, and promoting hair removal. Several types of infrared technology devices are available in the market, including intense pulsed light (IPL) devices, diode laser devices, and Nd: YAG laser devices. These devices are typically used in a clinical setting, and treatment protocols are tailored to each patient's needs. These aspects contribute to the growth of the infrared technology segment.
Similarly, the suction-based technology segment also accounted for a substantial market revenue share. Suction-based technology refers to medical devices that use suction to treat various dermatological conditions. These devices are commonly used for body contouring, cellulite reduction, and lymphatic drainage. Suction-based devices work by applying negative pressure to the skin and underlying tissue, which helps to improve blood flow, stimulate lymphatic drainage, and reduce the appearance of cellulite. Several suction-based devices are available, including vacuum-assisted devices, endourology machines, and radiofrequency suction devices. These devices are typically used in a clinical setting, and treatment protocols are tailored to each patient's needs.
Energy-Based Dermatology Devices Market by Application
Based on the application, the global energy-based dermatology devices market is segmented into body contouring & skin tightening, skin rejuvenation, hair removal, vaginal rejuvenation, pigment, and others.
The hair removal segment accounted for a prominent revenue share of the market. It includes devices that use various forms of energy, such as laser, intense pulsed light (IPL), and radiofrequency, to remove hair from different parts of the body, including the face, legs, underarms, and bikini area. Energy-based devices offer a more effective and long-lasting solution than traditional hair removal methods such as shaving, waxing, or depilatory creams. Advancements in technology have led to the development of more effective and safer energy-based devices for hair removal, resulting in greater patient satisfaction and adoption of these treatments. Furthermore, increasing awareness of the benefits of aesthetic treatments, including hair removal, leads to greater acceptance and demand for energy-based devices. These overall factors contribute to the growth of the hair removal segment.
Body contouring & skin tightening dominated the market with the largest revenue share in 2022. It includes devices that use various forms of energy, such as radiofrequency and ultrasound, to reduce fat and tighten the skin in different body parts, including the abdomen, thighs, arms, and buttocks. For example, radiofrequency devices use electromagnetic waves to heat the skin and underlying tissues, which can stimulate collagen production and tighten the skin. This type of device is often used for skin tightening and reducing the appearance of cellulite. Ultrasound devices use high-frequency sound waves to target and destroy fat cells, reducing fat and improving body contouring. Laser devices use focused light energy to destroy fat cells and tighten the skin, which can result in improved body contouring and reduced wrinkles. Advancements in technology have led to the development of more effective and safer energy-based devices for body contouring and skin tightening. These devices use targeted energy to destroy fat cells and stimulate collagen production, producing a more toned and youthful appearance. These factors contribute to the growth of the body contouring & skin tightening segment.

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Energy-Based Dermatology Devices Market by End User
Based on the end user, the global energy-based dermatology devices market is segmented into hospitals & clinics, medspas, dermatology & cosmetic clinics, and others.

The hospitals & clinics segment is a key player in the energy-based dermatology devices market with the largest revenue share in 2022. Medical facilities such as hospitals & clinic centers offer several cosmetic procedures using energy-based devices. These facilities have licensed medical professionals, including plastic surgeons and dermatologists, specializing in cosmetic treatments. The hospital & clinics segment is driven by the increasing demand for surgical cosmetic procedures, including facelifts, breast augmentation, and body contouring, which require energy-based devices. These procedures are typically performed under general anesthesia and require a longer recovery than non-invasive treatments. These overall factors contribute to the growth of the hospitals & clinics segment.
The medspas segment also accounted for a prominent market share. These facilities are typically run by licensed medical professionals, such as dermatologists, plastic surgeons, or aesthetic physicians, who supervise the treatments. Medspas offer a range of non-invasive cosmetic treatments, including skin rejuvenation, body contouring, hair removal, and tattoo removal, using energy-based devices such as radiofrequency and ultrasound. These treatments are designed to improve the appearance of the skin and body without surgery or significant downtime. These overall factors contribute to the growth of the medspas segment.

Energy-Based Dermatology Devices Market by Region
Geographically, the global energy-based dermatology devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America dominated the global energy-based dermatology devices market with the largest revenue share in 2022, attributed to an increase in energy-based aesthetic device makers and suppliers and major companies' rapid growth in the aesthetic devices sector. Additionally, companies across the region are continuously involved in mergers, acquisitions, and partnerships, which are expected to improve the energy-based dermatology devices market outlook. For instance, in May 2022, Crown Laboratories, a leading, fully integrated worldwide skincare firm, agreed with Eclipse, a medical technology company, to purchase its global, aesthetics-focused assets. The purchase broadens Crown's aesthetics product line and strengthens Crown's entire value offer as a global leader in science-based aesthetic skincare solutions. Crown, an innovative firm focusing on skin science, will include the Eclipse devices in its Aesthetics business area to complement its award-winning SkinPen Precision and other brands.

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Energy-Based Dermatology Devices Competitive Landscape
The prominent players operating in the global energy-based dermatology devices market are:
• Candela Corporation
• Alma Lasers
• Bausch Health Companies Inc.
• Cynosure, LLC
• Cutera Inc.
• Asclepion Laser Technologies
• Quanta System
• Lutronic
• Lumenis Be Ltd.
• Fotona

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Manan Sethi
Director, Market Insights
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