Energy-based therapeutics market: Key research findings
- Increased use in aesthetic procedures
- Rising popularity of minimally invasive surgeries
Technavio has added a new market research report on the global energy-based therapeutics market to its therapeutics portfolio. The energy-based therapeutics market is expected to grow at a CAGR of around 7% between 2015 and 2019, thanks to the advent of laser-based therapies in surgical procedures.
The Americas is the major revenue contributor to the market, closely followed by EMEA and APAC. Much of the Americas’ growth can be attributed to factors such as frequent occurrence of chronic conditions such as cardiovascular diseases, obesity, osteoporosis, and gastrointestinal disorders. Increased adoption of minimally-invasive treatments is directly influencing the growth of cosmetic surgeries in the US.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for growth, as well as the segments with the maximum growth potential.
“Surgeons have started opting for minimally invasive surgeries in ambulatory centers because most energy-based procedures do not require hospitals stays. Such surgeries have gained prominence owing to low-risk complications, especially in cardiac surgeries. Also, most cosmetic surgeries such as skin rejuvenation and hair removal are done by either minimally-invasive or non-invasive methods. These minimally invasive techniques assure quick recovery, less pain, and use the latest technologies,” says Imran Mushtaq, Lead Analyst, Healthcare, Technavio Research.
The aesthetics of the energy-based devices segment dominates the energy-based therapeutics market, occupying around 55% of the total market share. The aesthetic energy-based devices primarily use radiofrequency, ultrasound, laser, and light. Their procedure include skin defects such as scars, acne, sun damage, pigmentation/redness, vascular lesions, leg veins, skin rejuvenation, hair removal, and tattoo removal. This segment is the fastest growing section of the global market and is expected to generate around US $4 billion by the end of 2019.
Global energy-based therapeutics market by clinical applications
Source: Technavio Research
The leading vendors in energy-based therapeutics market are Johnson & Johnson, Lumenis, and Syneron Medical. The market is highly fragmented and comprises numerous local and multinational vendors. These vendors try to increase their market hold by launching innovative products that can pass through stringent patent restrictions.
A more detailed analysis is available in the Technavio report, Global Energy-based Therapeutics Market – Industry Analysis 2015-2019.
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