LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the aesthetic lasers and energy devices market in the US, is set to post a CAGR of more than 11% by 2020
This research report titled aesthetic lasers and energy devices market in the US 2016-2020 provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecast for various market segments and all geographical regions.
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Technavio’s lead research analyst, Imran Mushtaq, states, “The aesthetic lasers and energy devices market in the US is rapidly growing due to increasing adoption of laser aesthetics for cosmetic procedures and product launches supported by new technology. Lasers today offer a number of advantages over traditional surgical procedures, which include ease of application, precision, safety, and greater affordability. Aesthetic procedures based on energy devices are used mainly for skin tightening and body contouring purposes.”
Laser market in the US
Technavio’s new research study states that the laser market is the leading segment in the aesthetic laser and energy devices market in the US. Since the approval of aesthetic laser machines by FDA in the early 1990's the market has undergone rapid expansion, which today is responsible in advanced medical treatment options. The US is the country with maximum number of non-surgical procedures, including laser hair removal, fat reduction, laser liposuction and many others. The study reports that according to American Society for Dermatologic Surgery (ISAPS), about 167,676 laser hair removal procedures were performed in the US in 2013.
As the market is expected to grow significantly over the forecast period, physicians are likely to adopt advanced cosmetic procedures in non-surgical techniques, such as laser tattoo, laser hair removal, skin tightening, laser wrinkle reduction, and photo facial. “US hosts a large number of skilled surgeons trained on the state-of-the-art equipment, which enable them to use and treat a diverse class of aesthetic conditions with just one piece of equipment,” adds Imran Mushtaq, Technavio’s lead research analyst.
Light therapies market in the US
According to the new report by Technavio, the light therapy segment holds the maximum share of aesthetic laser and energy devices market. The growth of this market is supported by the increase in a number of procedures of light therapy, such as facial redness and photo therapy with 428,000 and 311,000 procedures performed in the US alone in 2014.
Technavio’s lead research analyst, Imran Mushtaq, explains, “Light therapy, also known as phototherapy or bright light therapy, involves the exposing different wavelength of light to skin and is mainly performed using lasers, fluorescent lamps, very bright full-spectrum light or, dichroic lamps. This therapy is most commonly used to treat acne.”
Ultrasound market in the US
Technavio’s new market study also highlights the entry of ultrasound in the aesthetic lasers and energy devices market. Today the use of ultrasound in hair removal and skin tightening is the latest breakthrough as other applications such as body contouring and skin rejuvenation. Ultrasound has advantages over lasers and IPL hair removal and causes minimal risk, side effects and pain.
The Ulthera System is the only non-invasive FDA approved (for a lift indication) ultrasound device used to treat the full face and neck skin tightening. Also, high intensity focused ultrasound (HIFU) has also made its debut in the plastic surgery and is expected to show positive results in treating aesthetic conditions.
Radiofrequency market in the US
The new research study draws attention towards radiofrequency (RF), the newest addition to the aesthetic devices market. The FDA has approved a number of RF devices for wrinkle and fat removal since its introduction in 2000. RF medical devices are used in dermatology for body contouring and skin tightening.
ThermaCool developed by Thermage is the first widely used device. Solta Medical has expanded the original technology and currently produces ThermaCool NXT (uses monopolar RF energy) and owns Thermage.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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