RADIO FREQUENCY BEAUTY EQUIPMENT MARKET ANALYSIS

Global Radio Frequency Beauty Equipment Market is estimated to be valued at US$ 359.8  million in 2023 and is expected to exhibit a CAGR of 13.8% during the forecast period (2023-2030).

Analysts’ Views on Global Radio Frequency Beauty Equipment Market:

The goal of radio frequency (RF) beauty devices is to vaporize or combine desiccation and protein coagulation of biological tissue by raising intracellular temperature. Coagulation, fulguration, desiccation, tissue ablation, and cutting procedures are all carried out using RF beauty equipment. These procedures involve the transformation of electromagnetic energy into kinetic energy within biological cell tissue. To achieve the desired effect, the kinetic energy is further transformed into thermal energy. For instance, on August 29, 2022, an article published by Harvard Medical Student Review explains, due to the South Korea’s unstable economy, more plastic procedures were conducted in South Korea, and an intriguing trend in the population who underwent plastic surgery appeared. The majority of South Koreans who undergo plastic surgery  are between the ages of 20 and 40. Even graduation presents now frequently include plastic surgery. 21.8 years old is the typical age for a first plastic surgery procedure.

Figure 1. Global Radio Frequency Beauty Equipment Market Share (%), by Product type, 2023

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Global Radio Frequency Beauty Equipment Market – Driver

Development in Product launch to drive the market

Product launch create a great impact on Global Radio Frequency Beauty Equipment Market but development in launched products create a greater impact on Global Radio Frequency Beauty Equipment Market. For instance, on January 30, 2020, Lumenis, an Energy-Based Medical Device Company for Aesthetics, Surgical and Ophthalmic Applications, announced Launch of Latest Platform, LightSheer Qattro. The system provides clinically proven laser hair removal procedures for all types of skin using either 805 nm or 1060 nm wavelengths with no downtime, as well as pigmentation and vascular lesions treatment. This Enables practitioners to achieve high-quality clinical outcomes by combining high-speed vacuum assisted technology with chill tip integrated contact cooling technology, delivering comfortable, efficient, rapid and safe treatments to patients. The compact, easy-to-install LightSheer Qattro is an easy-to-upgrade system that is an excellent addition to any MedSpa, or Medical office whether you are a seasoned professional or a new entrant to the industry.

Figure 2. Global Radio Frequency Beauty Equipment Market(US$ Million), by Region, 2023

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Global Radio Frequency Beauty Equipment Market- Regional Analysis

The North American region is expected to dominate Global Radio Frequency Beauty Equipment Market due to decrease in regulations for from regulatory agencies (U.S.FDA). On February 3,2022 literature survey of U.S. FDA explained U.S. FDA’s legal power over cosmetic products is distinct from the power over other products that are regulated. Cosmetic products and ingredients are not required by law to be U.S. FDA  premarket approved, except for color additives. U.S. FDA  can take enforcement actions against products that are not compliant with the law or against companies or individuals that violate the law.

Global Radio Frequency Beauty Equipment Market– Impact of Coronavirus (COVID-19) Pandemic

During COVID, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency. According to the World Health Organization report, the manifestation of coronavirus (COVID-19) has resulted in more than 765 million confirmed cases and over 6.9 million deaths globally as of May 31, 2023.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others, are facing problems with the transportation of drugs from one place to another.

Moreover, various healthcare regulatory authorities have issued guidelines for patients who require critical care during the COVID-19 pandemic. According to National Center for Biotechnology Information (NCBI) on June 2,2022 the pandemic had impacts on facial dermatoses, which had to be managed carefully. Compared to the pre‐pandemic period, there was a significant increase in the frequency and severity of complaints in facial dermatoses related to PPE. If the complaints that may develop due to PPE are known in advance, their development can be prevented by taking precautions against them. The COVID-19 pandemic has led to profound and likely long-term changes in healthcare systems and delivery of training materials to colleagues.

Global Radio Frequency Beauty Equipment Market Segmentation:

The Global Radio Frequency Beauty Equipment Market is segmented into product type, application, technology and end user.

Based on product type, the Global Radio Frequency Beauty Equipment Market is segmented into Trolley Mounted Devices, Table Top Devices and Portable Devices.Trolley mounted devices is expected to dominate beacuse its wide use in both developed and developing economies.

Based on Application, the Global Radio Frequency Beauty Equipment Market is segmented into Skin Treatment, Body Countering, Hair Removal, others. Out of which, skin treatments is expected to dominate the market over the forecast period by various applications and technologies.

Based on Technology, the Global Radio Frequency Beauty Equipment Market is segmented into Monopolar Rf, Bipolar RF, Multipolar RF, Fractional RF, Combination of IPL and RF. Out of which, skin treatments is expected to dominate the market over the forecast period by combination technology.

Based on End user, the Global Radio Frequency Beauty Equipment Market is segmented into Beauty Care Centres, Home Care Settings.Out of which, Beauty Care centres dominates as they are treated under professionals and accurate results are obtained by the beauty care centres.

Global Radio Frequency Beauty Equipment Market: Key Developments

On March 3, 2021 Baring Private Equity Asia (BPEA ) an Asian investment firm and Lumenis, energy-Based Medical Device Company, announced the definitive sale of Lumenis’ Surgical Business to Boston Scientific for a consideration of US$ 1.07 Bn subject to closing adjustments. The Surgical Business consists of laser and fiber solutions for minimally invasive surgical procedures in Urology and Ear Nose Throat (ENT). The high-growth Lumenis Aesthetics and Vision businesses will remain under the ownership of Baring Private Equity Asia  (BPEA). This strategic allow Lumenis to speed up investment in both areas Research and Development (R&D), global sales and marketing, and business development initiatives.

On May 12, 2021, Cynosure, a firm that creates and manufactures lasers for use in medical and aesthetic treatment applications, announced the opening of its brand new London Experience Centre. The Center will provide a state-of-the-art environment for research, training and treatment demonstration rooms, as well as operational commercial spaces. Cynosure Experience Centre will be a hub for innovation and collaboration between Cynosure and our customers, partners, and employees around the world. As the beauty aesthetics company, the dedication is not only to innovation but also to our customers’ success and development as they bring out the Beauty Energy in each of their patients.

Global Radio Frequency Beauty Equipment Market- Cross sectional analysis

As product base segment, consist of Trolley Mounted Devices, Table Top Devices, Portable Devices. Devices dominates from the product base segment. For instance, on August 5, 2020 Guangzhou Beautylife Electronic Technology, a Manufacturer and Exporter of medicated machines,  designed and produced Cryolipolysis Body sliming Equipment. This contains electronic cool pad which combines tissue cooling with cellular, muscular and dermal stimulation with end resulting body sliming, which contributes to the beauty of the patient by enhanceing structural features of body.

Global Radio Frequency Beauty Equipment Market- Key Trends

Strategies such as product launch

The key market players are engaged in adopting inorganic strategies such as product launches. For instance, on June 11,2020 Guangzhou Beautylife Electronic Technology, Manufacturer and Exporter of medicated machines, designed two in one machine called Ultrashock Therapy Machine, which is the combination of ultra sound therapy and shock wave therapy. The use of machine is more effective and professional for pain relief, sport injuries and cellulite treatments.

Global Radio Frequency Beauty Equipment Market: Restraint

Complications associated with Radio Frequency Beauty Equipment

Complications are expected to hinder the growth of the Global Radio Frequency Beauty Equipment Market. The use of radiofrequency energy for soft tissue tightening has been demonstrated to be safe and effective in clinical and histological studies. There are few contra-indications. However, elderly patients with sparse skin, patients with autoimmunity or collagen vascular disease, smokers, patients on anti-inflammatory drugs (which may reduce collagen remodeling) and patients with pacemakers or implantable devices may be contraindicated.

Global Radio Frequency Beauty Equipment Market- Key Players

Major Key players operating in the Global Radio Frequency Beauty Equipment Market include Cynosure, Lumenis, Syneron Medical Ltd, Valeant Pharmaceutical International Inc, Alma Lasers, Cymedics, InMode Ltd, IBRAMED, Guangzhou Beautylife Electronic Technology Co, Sharplight Technologies Ltd,Venus Concepts.