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Cosmetic High-Intensity Focused Ultrasound (HIFU) System Market 2023 Global Key Country Analysis: Almirall, S.A., AMT Engineering, Beijing HONKON Technologies Co., Ltd., Eunsung
"Cosmetic High-Intensity Focused Ultrasound (HIFU) System"
The Cosmetic High-Intensity Focused Ultrasound (HIFU) System market size was estimated at USD 202.84 million in 2023 and is projected to reach USD 313.55 million in 2030 at a CAGR of 6.42% during the forecast period 2023-2030.
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The increase in the demand for non-invasive and minimally invasive aesthetic treatments is one of the key factors driving the growth of cosmetic HIFU systems market. Moreover, the increasing disposable income of consumers is making them more willing to spend on cosmetic procedures. In addition, the growing awareness about HIFU systems is also driving their demands. Consumers are becoming more aware of the benefits of HIFU, and they are increasingly opting for this procedure over other cosmetic procedures.
However, HIFU systems are expensive which could make them inaccessible to some consumers. Moreover, they can cause some side effects such as bruising, swelling and redness. In rare cases, HIFU systems can cause complications such as burns, nerve damage and scarring. These factors might hamper the growth of the market.
The prominent players in the Cosmetic High-Intensity Focused Ultrasound (HIFU) System market are
Almirall, S.A.
AMT Engineering
Beijing HONKON Technologies Co., Ltd.
CHUNGWOO
Classys
Eunsung
GTG Wellness
Guangzhou Beautylife Electronic Technology Co., Ltd.
Hironic Co., Ltd.
Korust
Lutronic Corporation
Merz Aesthetics
PrettyLasers
Shanghai Fosun Pharmaceutical (Group) Co., Ltd.
Sincoheren
Sonablate HIFU
Syneron Candela
Ulthera
WONTECH
Cosmetic High-Intensity Focused Ultrasound (HIFU) System Market Recent Developments:
In June 2022, Hironic announced Silkro, a radio frequency solution that causes coagulation of cells and relieves pain.
In 2022, Tentech Inc., launched the first 2-line HIFU, 10THERA, which provides a fast and powerful non-invasive facial treatment that scores high with patients and practitioners alike.
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Scope of the Report:
The Cosmetic High-Intensity Focused Ultrasound (HIFU) System Market is segmented into various segments such as type, application, end user, and region:
Based on type, the Cosmetic High-Intensity Focused Ultrasound (HIFU) System Market is segmented into:
Portable
Fixed
Based on application, the Cosmetic High-Intensity Focused Ultrasound (HIFU) System Market is segmented into:
Skin & Facial Rejuvenation
Wrinkle & Acne Removal
Fat Reduction
Others
Based on end user, the Cosmetic High-Intensity Focused Ultrasound (HIFU) System Market is segmented into:
Dermatology Clinics
Medical Spas
Home Care
Based on region, the Cosmetic High-Intensity Focused Ultrasound (HIFU) System Market is segmented into:
Asia Pacific
Japan
China
India
Australia
South Korea
Vietnam
New Zealand
Philippines
Thailand
Malaysia
Hong Kong
Taiwan
Singapore
Indonesia
Sri Lanka
Rest of Asia-Pacific
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Sweden
Austria
Finland
Belgium
Turkey
Russia
Poland
Hungary
Czech Republic
Switzerland
Netherlands
Rest of Europe
South America
Brazil
Argentina
Chile
Colombia
Rest of South America
Middle East & Africa
South Africa
U.A.E.
Saudi Arabia
Oman
Qatar
Iran
Egypt
Rest of Middle East and Africa
North America to Dominate the Market
North America is estimated to account for the largest market share during the forecast period. Increasing number of people opting for cosmetic surgeries along with increasing awareness about aesthetic procedures is fuelling the growth of the market within the region.
Moreover, the increase in the disposable income of people in expected to drive the growth of the market further during the forecast period.
The cosmetic high-intensity focused ultrasound (HIFU) systems market is expected to grow during the forecast period. This growth can be attributed to various factors. HIFU is a non-invasive cosmetic procedure that is used to tighten skin, reduce wrinkles, and remove fat. It is a safe and effective alternative to surgery because of which it is becoming increasingly popular among consumers. Moreover, increasing disposable income and growing awareness about HIFU technology are also allowing the growth of the market. However, the high cost of these procedures might hamper the growth of the market during the forecast period.
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