The MEA energy-based aesthetic devices market was valued at $87.6 million in 2018, which is projected to reach $129.4 million by 2024 at a CAGR of 6.9% during the forecast period (2019–2024). Among the various applications of energy-based aesthetic devices, the facial and skin resurfacing/photo rejuvenation application held the largest share in the market during the historical period (2014–2018.) The fat reduction and body contouring application is projected to grow the fastest during the forecast period. The surging preference of consumers for minimally invasive or non-surgical aesthetic treatments, especially for fat reduction, would be a major driver fueling the market growth in the region during the forecast period.
Rising Inclination for an Improved Appearance a Key Trend in MEA Energy-Based Aesthetic Devices Market
In recent times, not only women, but men have also become conscious about their appearance and have a desire to look young and healthy. An increasing preference among Middle Eastern women for liposuction, face lifts, laser hair removal, and facial fat reduction has been observed. This trend has been driving consumers to go for energy-based aesthetic treatments, such as laser therapies, intense pulsed light (IPL) procedures, and cryolipolysis. As these treatments don’t have any side-effect consumers are opting for them over surgical procedures, in turn, helping the MEA energy-based aesthetic devices market prosper.
Rising Inclination Toward Non-Surgical Minimally Invasive Treatments Driving MEA Energy-Based Aesthetic Devices Market
The rising inclination toward minimally invasive aesthetic treatments is the key factor driving the growth of the energy-based aesthetic devices sector in the MEA. It has been observed that surgical cosmetic procedures involve a high cost and, at times, can be medically unsafe, leading to several side-effects. With the advent of minimally invasive procedures, the adoption of energy-based aesthetic devices has been on the rise. For instance, fat removal and body contouring procedures performed by laser and cryolipolysis devices have eliminated the risks associated with invasive surgical procedures, such as infection and pain during recovery. Hence, consumers are becoming more inclined toward energy-based, non-invasive aesthetic procedures.
Segmentation Analysis of MEA Energy-Based Aesthetic Devices Market
Geographical Analysis of MEA Energy-Based Aesthetic Devices Market
Saudi Arabia held the largest share in the MEA energy-based aesthetic devices market in 2018, followed by Turkey. Together, Saudi Arabia and Turkey are expected to account for a 32.4% market share by 2024. This can be mainly attributed to the increasing medical tourism activities, along with the rising consciousness among people about their appearance.
Other countries including Iran, the U.A.E., Israel, and South Africa also hold considerable shares in the MEA energy-based aesthetic devices market on account of the rapid expansion of the aesthetics industry due to globalization and increasing awareness among consumers about alternatives to surgical aesthetic treatments.
Competitive Landscape of MEA energy-Based Aesthetic Devices Market
The MEA energy-based aesthetic devices market is fragmented in nature. Allergan plc, Alma Lasers Ltd., Syneron Medical Ltd., Lumenis Ltd., Cutera Inc., Hologic Inc., Venus Concept Ltd., Merz Pharma GmbH & Co. KGaA, Sciton Inc., EL.EN. S.p.A., and Bausch Health Companies Inc. are some of the key players operating in the market.
Browse report overview with detailed TOC on "MEA Energy-Based Aesthetic Devices Market Research Report: By Technology (Laser-Based, Light-Based, Electromagnetic Energy-Based, Ultrasound-Based, Cryolipolysis, Suction-Based, Plasma Energy-Based), Application (Facial & Skin Resurfacing/Photo Rejuvenation, Hair Removal, Skin Tightening, Fat Reduction & Body Contouring, Cellulite Reduction), Distribution Channel (Indirect, Direct), End User (Dermatology & Cosmetic Clinics, Hospitals, Home-Use), Geographical Outlook (Turkey, Egypt, Saudi Arabia, South Africa, U.A.E., Iran, Israel, Qatar, Iraq, Kuwait, Oman, Bahrain, Lebanon, Jordan) – Industry Analysis and Forecast to 2024" at:https://www.psmarketresearch.com/market-analysis/mea-energy-based-aesthetic-devices-market
Products launches, as a growth strategy, are being adopted by several key players in the MEA energy-based aesthetic devices market. For instance, in April 2019, Lumenis Ltd. launched the Legend Pro+ platform — a compact multi-application device with advanced technologies. The Legend Pro+ is a face and body platform offer skin rejuvenating solutions, with long-term efficacy, and minimal pain and downtime, with no need for anesthesia.
Some other important players operating in the MEA energy-based aesthetic devices market are Jeisys Medical Inc., AK International LLC, Laser Aesthetics SA, TRIA Beauty Inc., Imdad LLC, Fotona D.o.o., Novoxel Ltd., CLASSYS Inc., and Laseroptek Co. Ltd.
Market Segmentation by Technology
Market Segmentation by Application
Market Segmentation by Distribution Channel
Market Segmentation by End User
Market Segmentation by Geography