Radio Frequency Beauty Equipment Market To Find Better Growth with US$ 742.7 Million By 2027 | CAGR: 14.0%: Coherent Market Insights
Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Radio frequency (RF) beauty treatment is referred as a non-surgical technique of reshaping the skin layer underneath the superficial skin layer. Moreover, RF beauty devices find its application in different cosmological procedures such as body contouring, fat reduction, hair removal, scar reduction, and skin rejuvenation among others.
The global radio frequency beauty equipment market was valued at US$ 191.0 Mn in 2018 and is expected to reach over US$ 742.7 Mn by the end of 2027.
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Global Radio Frequency Beauty Equipment Market: Drivers
The market is expected to witness significant growth over the forecast period, attributed to increasing demand for non-invasive dermatological procedures, among populace. Moreover, there was significant demand for non-invasive dermatological procedures observed over the last decade, owing to various advantages of the approach such as rapid results, cost-effective treatment, and fewer post-procedures complications, in comparison to conventional methods.
Global Radio Frequency Beauty Equipment Market: Opportunities
The increasing geriatric population base is expected to offer lucrative growth opportunities for players operating in the market. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.
Global Radio Frequency Beauty Equipment Market: Restrains
However, high cost of non-invasive RF beauty treatments is the major factor that is expected to hinder growth of the global radio frequency beauty equipment market over the forecast period. For instance, average cost of hair removal based on the area of treatment ranges from US$ 250 to US$ 900 per session. Similarly, average cost of skin tightening treatment is US$ 1,800 per session, and that of wrinkle removal is US$ 2,500 per session. Furthermore, duration of treatment, number of sessions, and cost of treatment depends on the area being treated.
On the basis of product type, trolley mounted devices segment in the global radio frequency beauty equipment market was valued at US$ 103.9 in 2018 and is expected to reach US$ 359.4 Mn by 2027 at a CAGR of 14.0% during the forecast period. The growth of the segment is attributed to increasing adoption of trolley mounted devices in developed and emerging economies. Trolley mounted devices are movable, and offer higher technical capabilities.
On the basis of application, body countering segment held a dominant position in the global radio frequency beauty equipment market in 2018, accounting for 49.4% market share in terms of value, followed by skin treatment, and hair removal segments, respectively. The growth of the segment is attributed to increasing surgical procedures for enhancing personal appearance. For instance, according to International Society of Aesthetic Plastic Surgery (ISAPS), in 2015, over 18 million women underwent non-surgical and surgical procedures that is around 85.6% of the total aesthetic procedures performed, globally. The top surgical procedures performed on women in 2015 include breast augmentation, liposuction, eyelid surgery, abdominoplasty, and rhinoplasty.
Among end user, beauty care centers segment held a dominant position in the global radio frequency beauty equipment market in 2018, accounting for 76.9% market share in terms of value, followed by home care settings segment. The segment growth is attributed to increasing preference for beauty care centers, among populace, as they perform variety of beauty enhancement procedures.
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There is rising preference for RF beauty treatment, owing to its advantages such as it offers less pain during treatment, treatment consumes less time, and offers rapid results.
Moreover, major players in the market are focused on expanding their geographical presence. For instance, in October 2019, InMode Ltd. established two new subsidiaries in the Asia Pacific region – InMode India, located in Delhi, and InMode Australia, located in Sydney.
- The lasers and electro surgery intended for medical practices, such as in cosmetic treatment centers, are classified as class 4 devices by the Ontario Ministry of Labor
- The devices are regulated by Health Canada, under the Radiation Emitting Devices Act, the Medical Devices Regulations, and the Food and Drugs Act
- These regulations are intended to ensure that the system when used for the medical treatment as directed by the manufacturer is safe and effective
- The regulatory body in Canada also relies on ISO 13485:2003 for product approvals
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Global Radio Frequency Beauty Equipment Market: Competitive Landscape
Key players operating in the global radio frequency beauty equipment market include Cynosure, Inc., Lumenis, Syneron Medical Ltd., Valeant Pharmaceutical International, Inc., Alma Lasers, Cymedics, InMode Ltd., IBRAMED, Guangzhou Beautylife Electronic Technology Co., SharpLight Technologies Ltd., and Venus Concepts.
Global Radio Frequency Beauty Equipment Market: Key Developments
January 2020: InMode Ltd. launched Evoke, a non-invasive, RF-based platform for facial remodeling. It is a hand-free device that addresses patient aesthetic concerns with uniform and controlled heating of the skin and sub dermal tissue.
February 2019: Alma Lasers launched new innovation center in Caesarea industrial park, Israel
- By Product Type
- Trolley Mounted Devices
- Table Top Devices
- Portable Devices
- By Application
- Skin Treatment
- Skin Reconstruction
- Scar Removal
- Non-Surgical Skin Tightening
- Facial Repair
- Body Countering
- Cellulite Reduction
- Non-surgical Fat Reduction
- Collagen Stimulation And Generation
- Hair Removal
- Skin Treatment
- By Technology
- Monopolar RF
- Bipolar RF
- Multipolar RF
- Fractional RF
- Combination of IPL and RF
- By End-User
- Beauty Care Centers
- Home Care Settings
- By Region
- North America
- Latin America
- Asia Pacific
- Middle East
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