In 2018, the global anti-aging and skin rejuvenation energy-based aesthetic devices market generated a revenue of $872.0 million and is predicted to reach $1,612.2 million in 2024, registering a 11.2% CAGR during the forecast period (2019–2024). This is due to the rising medical tourism, awareness about the safe use and advantages of anti-aging and skin rejuvenation energy-based aesthetic devices, geriatric population, and inclination toward minimally invasive aesthetic treatments. These devices are utilized for performing various virtually painless, fast, and non-invasive or minimally invasive aesthetic treatments by making use of different energy-based technologies.
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The surging inclination toward minimally invasive aesthetic treatments is also contributing significantly to the growth of the anti-aging and skin rejuvenation energy-based aesthetic devices market. A report published by the American Society of Plastic Surgeons stated that about 14 million minimally invasive cosmetic treatments were performed in the U.S. in 2014, witnessing a rise of 154% from 2000. Moreover, surgical procedures can result in side-effects and have a high cost. Ascribed to this, the demand for anti-aging and skin rejuvenation energy-based aesthetic devices has been on the rise.
Thus, the market is growing due to the growing popularity of home-based aesthetic devices, rising medical tourism, and increasing inclination toward minimally invasive aesthetic treatments.
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