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Energy-Based Therapeutics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1211
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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.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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:
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- Aesthetic
- Surgical
- Ophthalmic
Aesthetic currently accounts for the largest share.
Breakup by End-User:
- Hospital
- Clinics
- Others
Regional Insights:
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- 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:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Technology Type, Clinical Application, End-User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | Johnson & Johnson, Lumenis, Syneron Medical, Abbott Medical Optics, Alcon, Alna Medical System, Angiodynamics, Atricure and Biolase |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global energy-based therapeutics market was valued at US$ 7.1 Billion in 2022.
We expect the global energy-based therapeutics market to exhibit a CAGR of 6.05% during 2023-2028.
The emerging trend of aesthetic surgeries, along with the rising demand for energy-based therapies, such as laser and radiofrequency for managing the genitourinary syndrome of menopause in women, is primarily driving the global energy-based therapeutics market.
The sudden outbreak of the COVID-19 pandemic had led to the postponement of numerous elective aesthetic and minimally invasive surgeries to reduce the risk of coronavirus infection upon hospital visits or interaction with medical equipment, thereby negatively impacting the global market for energy-based therapeutics.
Based on the technology type, the global energy-based therapeutics market can be categorized into laser based, light based, radiofrequency based, ultrasound based, thermal, and others. Currently, laser-based holds the majority of the total market share.
Based on the clinical application, the global energy-based therapeutics market has been segmented into aesthetic, surgical, and ophthalmic. Among these, aesthetic exhibits a clear dominance in the market.
Based on the end-user, the global energy-based therapeutics market can be bifurcated into hospital, clinics, and others. Currently, clinics account for the largest market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global energy-based therapeutics market include Johnson & Johnson, Lumenis, Syneron Medical, Abbott Medical Optics, Alcon, Alna Medical System, Angiodynamics, Atricure, Biolase, etc.
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