Published Date: 30-Jun-2023
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According to a new report, published by KBV research, The Global Radiofrequency Skin Rejuvenation Devices Market size is expected to reach $1.2 billion by 2030, rising at a market growth of 9.3% CAGR during the forecast period.
The Wrinkle Reduction segment is showcasing a CAGR of 9.5% during (2023 - 2030). This can be related to beauty standards and societal pressure, which are frequently promoted by various social media platforms and lead many people to seek out procedures that lessen visible indications of aging in an effort to increase their self-esteem and confidence. The treatments' adaptability and personalization enable targeted wrinkling reduction on various facial and body parts. The growing acceptance of radiofrequency skin rejuvenation is further fueled by the effects' long-lasting nature, which may continue for a few months to an entire year or more.
The Medspa segment is leading the Global Radiofrequency Skin Rejuvenation Devices Market by End-use in 2022 thereby, achieving a market value of $590.5 million by 2030. The Medspa segment is growing as a result of accessibility and convenience. These businesses appeal to those with hectic schedules who are looking for quick and efficient treatments because they are frequently found in accessible locations and provide flexible scheduling options. Chemical peels and other minimally invasive procedures like non-surgical skin tightening are in high demand, according to the American Med Spa Association (AMSA). The aforementioned elements are therefore expected to fuel market demand.
The North America market dominated the Global Radiofrequency Skin Rejuvenation Devices Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $466.9 million by 2030. The Europe market is exhibiting a CAGR of 8.9% during (2023 - 2030). Additionally, The Asia Pacific market would showcase a CAGR of 10.1% during (2023 - 2030).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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