Market Overview:

The global energy-based therapeutics market size reached US$ 7.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.05% during 2023-2028.

Energy-based therapeutics are employed for the modification or destruction of tissues with the help of technologies such as microwave, thermal, hydro-mechanical, radiofrequency, cryotherapy, and ultrasound. These therapeutics are divided on the basis of clinical applications into general, ophthalmic and aesthetic surgeries. General surgeries include lithotripsy, gynecology, ENT microsurgery and surgery for cardiovascular diseases. Ophthalmic surgeries are often done for diseases like glaucoma and cataract. Aesthetic surgeries can be both invasive and non-invasive in nature and aid in reducing scars, acne, sun damage, pigmentation, redness and vascular lesions.

Global Energy-Based Therapeutics Market Drivers:

Breakthroughs in the field of aesthetic medicine have led to an increase in the adoption of energy-based aesthetic surgeries, especially for anti-aging treatments. Along with this, there has been a shift from invasive to non-invasive aesthetic procedures on a global level, owing to the affordability and efficacy of these therapies. Similarly, the increasing popularity of minimally invasive surgeries for the treatment of diseases like cardiac arrhythmias and cancer tumors, along with the benefits associated with these procedures like reduced complications, are creating a positive outlook for the global energy-based therapeutics market. Apart from this, the rising trend of physician-owned ambulatory surgical centers, also known as ASCs, is another key factor which is driving the market growth. Since most energy-based therapeutic procedures do not require hospital stays, surgeons across the world have started performing these therapies in their own clinics. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global energy-based therapeutics market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on technology type, clinical application and end-user.

Breakup by Technology Type:

• Laser Based
• Light Based
• Radiofrequency Based
• Ultrasound Based
• Thermal
• Others

Breakup by Clinical Application:

• Aesthetic
• Surgical
• Ophthalmic

Aesthetic currently accounts for the largest share.

Breakup by End-User:

• Hospital
• Clinics
• Others

Regional Insights:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Johnson & Johnson, Lumenis, Syneron Medical, Abbott Medical Optics, Alcon, Alna Medical System, Angiodynamics, Atricure, Biolase, etc.

Report Coverage: