iCrowd Newswire – Aug 5, 2020
According 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. 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.
The objective of this research includes;
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the MEA energy-based aesthetic devices market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Competitive scenario of various MEA energy-based aesthetic devices market segments across key countries in several regions for uncovering market opportunities for the stakeholders
- Major players operating in the market and their service offerings
Geographically, Saudi Arabia dominated the MEA energy-based aesthetic devices market in 2019, which can be particularly attributed to the growing requirement for aesthetic enhancement procedures among both women and men in the country. Lip augmentation and liposuction are primarily gaining popularity in the country, as people are becoming more inclined towards keeping up with latest fashion trends prevalent in western countries.
New products are being launched by companies operating in the domain in MEA for increasing their presence in the domain. For example, Lumenis Ltd. launched a multi-application program, Legend Pro+, with innovative technology in April 2019. It is a body and face platform that offers comfortable solutions along with immediate results, minimal pain and downtime, and long-time efficacy. The product can further be used without any anesthesia.
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.
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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