How is Growing Medical Tourism Industry Driving MEA Energy-Based Aesthetic Devices Market?
SummaryAccording to a report by P&S Intelligence, the Middle East and African (MEA) energy-based aesthetic devices market is predicted to attain a value of $189.0 million in 2030, progressing at a 7.1% CAGR during the time period 2020–2030.
- Author Company: P&S Intelligence
- Author Name: Pramod Kumar
- Author Email: firstname.lastname@example.org
The market is witnessing growth due to the rising preference for non-surgical minimally intrusive aesthetic treatments in MEA, increasing awareness among consumers about safety profile of these devices, surging geriatric population, and expanding medical tourism industry in the region.
In terms of distribution channel, the MEA energy-based aesthetic devices market is divided into direct and indirect channels, between which, the indirect division held the larger share of the market during 2014–2019. The division is further expected to dominate the market in the near future, owing to the expanding e-commerce sales in MEA and increasing focus of consumers towards home-based products, such as laser hair removers and skin rejuvenating devices.
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When technology is considered, the MEA energy-based aesthetic devices market is classified into electromagnetic energy-based, light-based, laser-based, cryolipoysis, ultrasound-based, and plasma-based devices. The electromagnetic energy-based classification is predicted to progress at the fastest pace in the coming years, which is due to the rising demand for devices that emit electromagnetic energy and are easily available across the region. The radio frequency-based sub classification of electromagnetic-based division is predicted to account for the largest share of the market in the years to come.
Some other key companies in the MEA energy-based aesthetic devices market are AK International LLC, Jeisys Medical Inc., Allergan plc, Alma Lasers Inc., Laser Aesthetics SA, Syneron Medical Ltd., CLASSYS Inc., Merz Pharma GmbH & Co. KGaA, Cutera Inc., Sciton Inc., Hologic Inc. (Cynosure Inc.), Bausch Health Companies Inc., Venus Concept Ltd., TRIA Beauty Inc., Imdad LLC, Novoxel Ltd., Fotona D.o.o., and Laseroptek Co. Ltd.