According to IMARC Group latest report titled” Energy-Based Therapeutics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global energy-based therapeutics market reached a value of US$ 6.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.71 Billion by 2027, exhibiting at a CAGR of 6.4% during 2022-2027.The global energy-based therapeutics market share to exhibit moderate growth during the next five years. Energy-based therapeutics refers to the clinical techniques that assist in the destruction and modification of tissues. They involve the use of radiofrequency, hydro-mechanical, micro-wave, and ultrasound methods during general, ophthalmic and aesthetic surgeries. These procedures can be invasive or non-invasive in nature and are widely preferred by healthcare professionals as they are affordable and result in fewer complications.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The global market is primarily driven by continual technological advancements in the healthcare industry. The rising integration of lasers, radiofrequency and red lens with energy-based therapeutics is acting as a major growth-inducing factor. Moreover, the inflating disposable incomes of the masses and an enhanced focus on maintaining an aesthetic appearance have resulted in the rising demand for these medical procedures, including facial rejuvenation, fractional laser skin resurfacing and toxin therapy. Other factors, including the increasing incidences of chronic diseases and the extensive research and development (R&D) activities conducted by key players, are also contributing to the market growth.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key highlights of the report:
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