LAMEA Radiofrequency Skin Rejuvenation Devices Market Size, Share & Industry Trends Analysis Report By Application (Skin Tightening, Wrinkle Reduction, Scar Treatment, and Others), By End Use, By Country and Growth Forecast, 2023 - 2030
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Market Report Description
The Latin America, Middle East and Africa Radiofrequency Skin Rejuvenation Devices Market would witness market growth of 12.6% CAGR during the forecast period (2023-2030).
Since cosmetic procedures would enhance their physical appearance and provide them with much-needed confidence, those with a medium income are particularly eager to get them. As a result, more people will decide to employ non-essential services like cosmetic surgery and skin rejuvenation as the proportion of people with more disposable income rises. Therefore, the expansion of disposable incomes of middle classes presents a significant growth prospect for the market participants. An important element driving the growth of the market's revenue is the rising prevalence of cancer and the growing adoption of RF-based devices in oncology.
A tumor is heated, and its malignant cells are destroyed using radiofrequency ablation, which works by transmitting currents of electricity in the RF range through needle electrodes. In addition, by sealing off tiny blood arteries, the heat produced with radiofrequency energy reduces the danger of bleeding. Scar tissue gradually takes the place of the dead tumor cells, and its thickness steadily decreases over time.
Social media sites like Meta as well as Instagram have gained popularity. Therefore, by using these social media sites, anyone can learn about current trends in fashion and beauty and be influenced. Additionally, when consumers have more disposable income, they are more inclined to purchase pricy items, which is anticipated to open up lucrative prospects for the major market participants. More people are becoming aware of the significance of personal and cosmetic care procedures for improving skin quality and texture due to the continually evolving lifestyles in this region. As a result, the region offers a wealth of growth prospects for the market.
The Brazil market dominated the LAMEA Radiofrequency Skin Rejuvenation Devices Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $20.6 million by 2030. The Argentina market is exhibiting a CAGR of 13.2% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 12.3% during (2023 - 2030).
Based on Application, the market is segmented into Skin Tightening, Wrinkle Reduction, Scar Treatment, and Others. Based on End Use, the market is segmented into Medspa, Dermatology Clinics, and Hospitals/Cosmetic Surgery Clinics. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bausch Health Companies, Inc. (Solta Medical), Alma Lasers Ltd. (Sisram Medical Ltd.), F Care Systems, Cynosure, LLC, Lumenis Be Ltd., Candela Corporation, Cutera, Inc., Fotona d.o.o and Lutronic Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Skin Tightening
- Wrinkle Reduction
- Scar Treatment
- Dermatology Clinics
- Hospitals/Cosmetic Surgery Clinics
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Bausch Health Companies, Inc. (Solta Medical)
- Alma Lasers Ltd. (Sisram Medical Ltd.)
- F Care Systems
- Cynosure, LLC
- Lumenis Be Ltd.
- Candela Corporation
- Cutera, Inc.
- Fotona d.o.o
- Lutronic Co., Ltd.
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