US Aesthetic Lasers Energy Devices market analysis | Refurbished Aesthetic Lasers US

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US Aesthetic Lasers and Energy Devices Market
Report 2020 Ken Research
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• How the US Aesthetic Lasers and Energy Devices
  Market Is Positioned?
• The aesthetic lasers and energy devices market in
  the country has been immensely driven by the
  rising obesity, aging population and per capita
  disposable income allowing the people to undergo
  cosmetic procedures. In CY2015, the aesthetic
  lasers and energy devices market in the US
  clocked revenue worth USD million which
  increased by from USD billion in CY2015. The
  aesthetic lasers and energy devices market has
  experienced a substantial growth in the last five
  years majorly due to increased number of cosmetic
  procedures in the US and growing preference of
  the people towards non-invasive surgeries over
  invasive surgeries. There are several factors
  which have led to this growth such as rising
  geriatric population, per capita disposable
  income, high obesity rate, rising number of
  dermatologists and diversion of dermatologists
  towards cosmetic surgeries from reconstructive
  surgeries. Additionally, the technological
  advancements in the field has also forced the
  market clients

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• to upgrade their clinics with new and advanced
  equipment, adding revenue for the device
  manufacturers. Stand-alone devices contributed
  major share of revenue in the overall market. The
  segment contributed share of the revenue in
  the overall market in CY2015. Presence of private
  or unorganized skin clinics which are focused
  towards the specialized treatment is the major
  reason which is responsible for providing
  stand-alone devices a lion share over
  multi-platform devices. The energy devices
  segment in the overall market has garnered of
  the market revenues of stand-alone devices as
  observed in CY2015. Among the energy devices, the
  radiofrequency based energy devices captured the
  major share with around of the revenue
  contribution in CY2015. Cryopolysis devices
  however, observed the fastest growth with growing
  preference of people towards minimally-invasive
  surgeries for fat removal procedures. High
  obesity rate further enhances its need in the US.

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• How The Aesthetic Lasers And Energy Devices
  Market Has Performed?
• The number of aesthetic procedures in the US has
  increased to a high extent in previous years. The
  US witnessed approximately 13 million aesthetic
  procedures in year 2015. Non-surgical procedures
  took the major share of the total number of
  procedures and have shown remarkable growth in
  the previous years. It has been observed that
  non-surgical aesthetic procedures have increased
  from of total procedures in CY2010 to in
  CY2015. The rise in number of non-surgical
  procedures has subsequently increased the demand
  for aesthetic lasers and energy devices in the
  US, hence generating revenue for the market
  players. Companies such as Cynosure, Inc.,
  Syneron Candela, Cutera, and Lumenis among others
  have grabbed significant positioning in the
  aesthetic lasers and energy devices market.

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• These companies are observed to hold major share
  of the aesthetic lasers market making it
  consolidated in nature. However, it has been
  observed that the energy devices market is
  fragmented in nature with large number of players
  operating in the market. Three major players in
  the market captured only minimal share of the
  market. All these dominating companies in the
  market are focused towards innovation, mergers
  and acquisitions, and new product launches which
  help them to sustain their position in the
  competitive aesthetic devices. The companies have
  also focused their attention towards recurring
  revenue generating segment by including services
  and consumables in their portfolio.

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• The companies attract more number of customers
  through strong sales distribution network. Every
  market player operating in the company has a
  dedicated team of sales for handing sales and
  distribution of aesthetic lasers and energy
  devices in the US. These sales personnel sell
  their product through direct sales to clinics,
  company website, in trade shows, trade journals,
  workshops and conferences, and through direct
  mail programs. All these sales executives target
  dermatologists, plastic surgeons, primary care
  physicians, obstetricians, and gynecologists for
  selling their products successfully. These
  companies also provide after sales services and
  offers to exchange devices with technologically
  advanced equipment in lieu of discount for
  attracting more number of customers.

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• Which Segments Have Driven Changes In US
  Aesthetic Lasers And Energy Devices Market?
• High demand for hair removal, skin tightening and
  fat removal in the country has led to the demand
  for aesthetic lasers and energy devices in the
  US. The segment generated revenue for the
  overall stand-alone aesthetic devices in the US
  in CY2015. The efficiency of energy devices to
  perform these procedures more precisely then
  lasers has assisted the segment in gaining
  dominance in the market.

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• RF devices constituted of revenue share of
  energy devices in CY2015. The market experienced
  growth at the rate of from CY2010 to 2015,
  reaching at a value of USD million in CY2015
  from USD in CY2010.Non-ablative lasers among
  aesthetic lasers segment also experienced high
  growth in the recent years. These lasers tend to
  be more advance in technology as compared to
  ablative lasers. Because non-ablative lasers does
  not resurface the skin as invasively as ablative
  lasers, multiple treatment sessions will be
  necessary to achieve desired clinical results.
  However, patients get benefited from no downtime
  and reduced risk of side effects. These lasers
  captured of the revenue share in CY2015

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• Among the major types of non-ablative lasers,
  NdYag lasers dominated the market with revenue
  share of in CY2015. Their capability to
  perform multiple applications has provided the
  segment dominance over other type of lasers.
  Various types of ND YAG lasers are available in
  the market, primarily used for removal of
  unwanted hair from darker skin type or from
  tanned skin. These lasers operate at a wavelength
  of 1,064 nanometer wavelength and could also be
  used for treatment of vascular facial veins,
  lesions leg, skin tightening and wrinkles.
• What Is Driving The Body Contouring And Skin
  Tightening Devices Market In The US?
• The share of body contouring and skin tightening
  devices in total revenue of aesthetic lasers and
  energy devices has inclined at a rapid pace at a
  growth rate of 11.2 from CY2010 to CY2015. High
  obesity rate has driven the demand for body
  contouring and skin tightening devices in the US.
  More than a third of the population is currently
  obese in the US.

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• It has been observed in the US, the rate of
  obesity exceeds 35 in three states including
  Arkansas, West Virginia, and Mississippi. 22
  states have above 30, 45 states have above 25
  and every state is above 20. It has also been
  projected by government agencies that this
  percentage would increase to 44 by 2030. A rapid
  growth in the overweight and obese populace has
  been augmenting the demand for the bariatric
  surgeries and body contouring treatment. Laser
  lipolysis being the major technology used for
  non-invasive body contouring procedures has
  witnessed maximum growth of from CY2010 to
  CY2015
• How Aesthetic Skin Clinic Market In The US Has
  Performed?
• The skin care market in the US has experienced
  tremendous growth over the period of five years.
  Increasing attention towards looks, high
  awareness about the pain-free non-invasive
  surgeries and desire to enhance appearance
  amongst both men and women are majorly
  responsible for surging number of footfalls in
  skin clinics in the country. The growth in the
  market is further fueled by high per capita
  disposable income, which permits the patients to
  opt for surgery as per their desire. It has been
  witnessed that the revenue of aesthetic skin
  clinics market in the country has transpired at a
  CAGR of over the span of CY2010 - CY2015.

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• Unorganized skin clinics dominated the total skin
  clinics market in the US. Around of the entire
  clinical space is acquired by private clinics and
  wellness centers in the calendar year 2015. These
  clinics primarily target women of over 22 years
  of age for acne and pigmentation removal, facial
  and under arm hair removal, skin lightening, and
  body contouring procedures. The clinics also
  target men of 25 years of age for body hair
  removal and body contouring procedures. The
  clinics secondary audience includes women of age
  group 40 and above for skin tightening, wrinkle
  removal and body tightening procedures. The
  growth in skin clinics market directly affects
  demand for aesthetic devices in the US. Sono
  Bello, LVSCC, Radiant Complexions Dermatology
  Clinic, Skin Spirit, and Beleza Medspa are
  observed to be major organized aesthetic skin
  clinics observed in the US market.
• On What Factors Does Purchase Decisions Regarding
  Aesthetic Lasers And Energy Devices Depend?
• The aesthetic skin clinics operating in the
  country want to procure devices, which enable the
  cosmetologists and clinic officials to provide
  demanded treatments to the customers. The
  treatments which are majorly demanded in the US
  include skin rejuvenation, hair removal,
  sclerotherapy and non-surgical fat reduction.
  Primarily, the applications of the device and the
  efficiency of to perform the procedure accurately
  is essential parameter which affects the purchase
  decision of the customers.

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• The choice for stand-alone device and
  multi-platform device is another important
  parameter which is important to be considered
  before purchasing any aesthetic laser or energy
  device. It has been observed that stand-alone
  systems are preferred by the aestheticians, which
  are providing only one or two type of services in
  the clinic. The high-budget clinics catering
  large number of patients also get inclined
  towards stand-alone devices to perform multiple
  procedures at one time. However, small to medium
  budget clinics prefer multi-platform devices.
  These clinics opt for multi-platform devices to
  perform multiple procedures from one device. This
  not only saves the money but also reduces the
  space required for storing equipment. Moreover,
  the multi-specialty devices also have portability
  feature which also encourages people to buy easy
  to move multi-platform devices over bulky
  stand-alone devices.

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• Cost-benefit analysis is most essential factor
  which needs to be accounted to determine before
  buying any aesthetic lasers and energy devices,
  which includes careful analysis of the laser
  system with respect to technology, stability,
  consumables cost, cost per treatment,
  customization options, availability of spare
  parts and others. This also includes
  contemplation of laser specifications such as
  spot size, pulse duration, technology used, peak
  power and others to have an idea about the
  effectiveness, efficiency and suitability of the
  product. Possible side effects of the system
  should also be considered while cost-benefit
  analysis to determine an aesthetic laser system.
  Choice of manufacturing company and reviews of
  the company and its products further affects the
  purchase decision of the customers. Educational
  and marketing material provided by the company,
  training provided by the company on the machine
  and availability of local service engineers are
  majorly counted while choosing manufacturing
  company.

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• Reviews and testimonials from renowned
  dermatologists, and skin clinics also encourages
  the customers to opt for equipment without any
  hesitation. Additionally, marketing strategies
  such as free after-sales services and easy
  availability of disposables also impact the
  purchase decision. Clinical trial evidence is
  also one such major aspect which needs to be
  considered while making purchase decisions. The
  clients who opt to purchase innovative and
  technologically-advanced equipment for their
  clinics could evaluate the clinical trial results
  to have satisfaction about the efficacy of the
  device. The clinical trial data provides
  information about success-failure ratio, side
  effects observed in the patients and time-frame
  for the complete procedure, which helps doctor in
  planning the procedure time and schedule.

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• How Is The Aesthetic Lasers Market Valued In
  Future?
• US aesthetic lasers and energy devices market is
  poised to have a rapid growth over the period
  CY2016-CY2020. Surge in the number of people
  opting for minimally-invasive and non-invasive
  surgeries for cosmetic procedures would impact
  the market strongly during the forecast period,
  CY2016 - CY2020. The aging population in the
  country as well as rising obesity among the adult
  population has been driving the need to undergo
  skin rejuvenation, body contouring and skin
  tightening procedures overall. . In 2010, 40
  million people aged 65 years and above were
  residing in the US in 2010, accounting for 13 of
  the total population. The baby boomers started
  turning 65 in year 2011, and the population of
  older people is expected to increase drastically
  from 2011 to 2030 period. The older population in
  2030 is projected to be twice as compared to
  2000, growing from 35 million to 72 million,
  representing nearly 20 of the total US
  population. Rising geriatric population will
  directly impact the demand for demand for
  aesthetic devices among the US aesthetic
  providers to cater increased demand for cosmetic
  procedures, which will subsequently result in
  increased sales of aesthetic devices for
  conducting more number of aesthetic procedures.

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• Rising trend among market players to manufacture
  energy devices for body contouring procedures and
  low cost of the device with ability to perform
  procedures efficiently is also going to impact
  the market revenue of energy devices in positive
  manner. Rising obesity in the country which stood
  at 33 in 2015 and is expected to reach 44 by
  2020 would lead to increase in demand for body
  contouring devices. Syneron Candela has also
  acquired VelaShape and UltraShape technology to
  increase their body shaping devices portfolio.
  The share of multi-platform devices is projected
  to increase as organized skin clinics and med
  spas are expanding in the market. Additionally,
  dermatologists are moving from reconstructive
  surgery towards cosmetic surgeries and prefer the
  devices which could perform multiple functions.
  Decrease in the reimbursement value of
  reconstructive surgeries is the major factor
  which has led to this development in the market.

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• Non-ablative lasers market would experience rapid
  growth of from CY 2016 to CY 2020. Capability
  of NDYag lasers and diode lasers to effectively
  perform skin rejuvenation procedures would
  augment the demand for non-ablative lasers.
  Increasing number of cosmetic surgeries, growing
  number of dermatologists, high consumer
  awareness, and low reimbursement on
  reconstructive surgeries are some of the
  microeconomic factors which would impact the
  market in future.
• What Have Been The Trends For Aesthetic Lasers
  And Energy Devices Market In US?
• Body contouring and skin tightening devices have
  witnessed a positive growth in the market in
  terms of demand. High percentage of overweight
  and obese people in the US has attributed toward
  the surge in number of people opting for
  liposuction and cellulite treatment, which
  consequently affected the sales of the aesthetic
  lasers and energy devices. It has been estimated
  that one third of the population of the US was
  obese in year 2015 and it has also been estimated
  that this number could increase to 44 by 2020.
  Moreover, the annual revenue of US weight loss
  industry, which included diet books, diet drugs
  and weight loss surgeries, was approximately USD
  20 billion in 2012.

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• Consequently, the total addressable market for
  body contouring services in the country has
  inclined, with escalating interest of men and
  women in fat destruction procedure. Home-use
  aesthetic devices emergence into the market has
  also affected the market scenario. Various market
  players have focused their attention towards the
  development of home-use aesthetic devices. Tria
  Hair Removal laser system by Tria Beauty is one
  such revolutionary product which has grabbed the
  attention of the customers towards home-use
  aesthetic devices. This device is used by people
  to remove hair from small area of the body
  without intervention of any physician. Moreover,
  few market players have also focused their
  attention towards the development of home-use
  aesthetic devices. For instance, Syneron Candela
  along with Unilever Ventures has planned to
  develop home-use aesthetic devices under the
  brand name Illuminage Beauty. The revenue
  generated from direct customers who purchased
  home-use aesthetic devices contributed USD
  million in CY2015 in total revenue. Rising
  popularity of aesthetic procedures among men is
  also fueling the market for aesthetic lasers and
  energy device. Choice of cosmetic procedures
  among men has increased the target audience for
  skin clinics, which is subsequently affecting the
  demand for aesthetic lasers and energy devices in
  the market. . Men of all age groups and all
  professions are undergoing plastic surgery for
  cosmetic reasons such as more balanced nose, a
  trimmer waistline, and a rejuvenated face. Over
  the past five years, various cosmetic procedures
  for men have shown significant increase. Among
  non-surgical procedures, use of botulinum toxin
  and hyaluronic acid has increased by 84 and 94
  and demand for nonsurgical skin tightening and
  intense pulsed light among men has experienced
  37 and 44 growth respectively.

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• Men had more than 1.2 million procedures
  performed in 2015, which account for 9.5 of the
  total procedures. Among the major procedures male
  breast reduction for the treatment of
  Gynecomastia showed growth of 26 in 2015, with
  30,464 procedures performed in 2015. Expanding
  medspa industry, which provides wide range of
  aesthetic surgeries in its portfolio, is also
  leading to increased demand for aesthetic lasers
  and energy devices in the US. Medical spas
  nowadays offer services such as hair removal,
  tattoo removal, fat removal, and skin
  rejuvenation in their services portfolio.
  Advantage to provide these services along with
  hygienic and high-class environment is the major
  factor which has been driving the medspa industry
  in the US. Various organized medspa are also
  observed to be gaining popularity in recent times
  in the US. Beleza medspa is one such organized
  medspa which is operating in four cities with its
  six ceneters.

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