Medi-Tech Insights: Technological advancements in aesthetic devices, increased use of social media and video-conferencing during Covid-19 pandemic leading to ‘Zoom Boom’ effect, growth in the incidence of skin disorders such as acne & fungal skin infections, and large population susceptible to various signs of aging and longer life expectancy are some of the key factors driving the growth of the energy-based aesthetic devices market.
BRUSSELS, BELGIUM, Nov. 16, 2022 (GLOBE NEWSWIRE) --
Energy-based aesthetic devices are used for a variety of skin procedures, including body sculpting, skin tightening, and resurfacing. These devices are precise, targeted medical equipment with adjustable wavelengths that provide a range of therapeutic options. These devices are based on technologies that use various energy sources to rejuvenate the skin, improve texture and complexion, provide a smoother & younger appearance, and remove unwanted imperfections.
Technological Advancements in Energy-based Aesthetic Devices Market to trigger its Global Demand
Continuous advances in energy-based aesthetic devices have enabled to develop efficient devices with indication expansion, reduced side-effects, and enhanced patient comfort, among others. Such advancements tend to provide a competitive edge to all manufacturers and therefore, all major players are continuously focusing on investing in research activities for new product development and expanding their geographic reach to strengthen their position in the global market. Some of the technological advancements are listed as below:
In June 2022, Cynosure launched the PicoSure Pro device, a 755nm picosecond laser that utilizes pressure to deliver energy in one trillionth of a second instead of heat, providing safe and effective treatments for skin revitalization and unwanted pigmentation for all skin types
In March 2022, Lumenis launched the triLift facial stimulation device for three aging elements, namely, texture, contour, and structure by treating three tissue layers- epidermal layer, muscles, and dermal layer
In April 2021, Alma Laser, a Sisram Medical company launched Alma PrimeX platform, a combination of ultrasound and radiofrequency technologies, used in skin tightening and circumference reduction in the abdomen, thighs, waist, and buttocks areas
In April 2021, LASEROPTEK Co., Ltd. received 510(k) clearance from the US Food and Drug Administration (FDA) to expand the indications of its PicoLO picosecond pulse Nd:YAG laser for the treatment of acne scars, benign pigmented lesions, and wrinkles.
Key Growth Strategies Adopted by Leading Market Players in Energy-based Aesthetic Devices Market
All leading players operating in the energy-based aesthetic devices market have adopted acquisition and partnership as key growth strategy to expand their product offerings, enhance their geographic presence & distribution capabilities, and to develop advanced products. Some of these developments are listed as below:
In August 2022, Sofwave Medical Ltd, developer of energy-based non-invasive, aesthetic medical devices entered in a collaboration and distribution agreement with HTDK Group to advance and expand its sales in China.
In May 2022, Crown Laboratories entered in an agreement to acquire the global, aesthetics-focused assets of Eclipse, to expand its aesthetics' product portfolio and to provide superior aesthetic products across geographies.
In March 2022, Cynosure KK (subsidiary of Cynosure LLC) and Jeisys Medical KK (subsidiary of Jeisys Medical Inc.) entered into a distribution partnership, in which Jeisys Medical will have exclusive distribution rights to Cynosure's energy-based laser portfolio's premier products in Japan.
In December 2021, Allergan Aesthetics, a subsidiary of AbbVie completed the acquisition of Soliton, Inc., a medical device company offering proprietary platform technology for aesthetic solutions- RESONIC, its Rapid Acoustic Pulse device. This acquisition was aimed at expanding and complimenting Allergan’s body contouring treatment portfolio.
Competitive Landscape Analysis: Energy-based Aesthetic Devices Market
The global energy-based aesthetic devices market is marked by the presence of established industry players such as Candela Corporation (US); Sciton, Inc. (US); Merz Pharma GmbH & Co. KGaA (Germany); Lumenis Ltd. (Israel); Alma Lasers (Israel); Cutera (US); Allergan Plc (Ireland); Cynosure (US); and others.
Get Detailed Insights on Energy-based Aesthetic Devices Market with a Sample Report @ https://meditechinsights.com/energy-based-aesthetic-devices-market/
About Medi-Tech Insights:
Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.
Ruta Halde Associate, Medi-Tech Insights +32 498 86 80 79 info@meditechinsights.com
Shares of Bank of America (NYSE: BAC) were down on Tuesday, falling as much as 6% during the trading day. As of 2:45 p.m. ET, Bank of America was down 5.5%, trading at $32.58. The major indexes were all down on Tuesday, led by the Nasdaq Composite, which was down 258 points, or 2.3%, while the Dow Jones Industrial Average was down 498 points, or 1.5%, and the S&P 500 was off 77 points, or 1.9%, as of 2:45 p.m. ET.
Should investors prepare for a winter full of persistent headwinds? Inflation remains high, rising interest rates are putting a squeeze on capital as well as making consumer credit more expensive, and both the China COVID lockdowns and the Russian war in Ukraine continue to crimp global supply chains. But even though the markets are facing serious headwinds, not every stock is going to react by falling. According to the analysts at Wall Street giant Deutsche Bank, two interesting stocks are like
Shares of many of America's largest banks are tumbling again on Tuesday after a period of outperformance that saw Goldman Sachs Group GS claw back practically all of its losses year-to-date.
Binance CEO CZ is speaking out against SBF after FTX’s collapse and arguing he had nothing to do with his rival’s downfall.
Don’t get fooled into thinking the stock market’s recent positive action has legs. Morgan Stanley’s Chief U.S. Equity Strategist Mike Wilson thinks it’s time to take profits “before the Bear returns in earnest.” Wilson notes that his team’s tactical targets have been met and thinks the recent run-up has run its course. “Bear market rally runs into our original resistance levels--it's time to fade it,” says Wilson. With the “risk-reward of playing for more upside quite poor at this point,” Wilson
The first fast-paced company with serious upside is hydrogen fuel-cell solution provider Plug Power (NASDAQ: PLUG). According to analyst Amit Dayal of H.C. Wainwright, Plug Power can reach $78. For those of you keeping score at home, this would work out to a near-quintupling in the company's share price in 2023.
The FTX-linked trading firm made a number of unorthodox investments in the months leading up to its stunning collapse.
While NIO and Li Auto (LI) hit monthly-record deliveries in November, XPeng (XPEV) sees a sharp fall in deliveries on a yearly basis.
General Electric, whose spinoff of its health care and energy companies will leave Evendale-based GE Aerospace as the sole company, bought out every single print add in the New York Times for the first time in the newspaper's history.
Even a dour outlook for the broader stock market couldn't outweigh good news for these companies.
The market rally has erased all the gains from Fed chief Jerome Powell's Nov. 30 speech. Apple and Exxon undercut key levels. Here's what to do now.
Shares of Devon Energy (NYSE: DVN) fell 11.4% in November, according to data provided by S&P Global Market Intelligence. The primary factor weighing on the oil stock was its third-quarter report, where the company unveiled a lower total dividend payment. Devon Energy launched the oil industry's first fixed-plus-variable dividend framework in early 2021.
A broad cross-section of stocks tumbled again on Tuesday as market watchers focused on the Federal Reserve Bank's ongoing battle against inflation. Over the past several days, a couple of strong economic reports have increased concerns about the trajectory of an already overheated economy. With that as a backdrop, shares of Amazon (NASDAQ: AMZN) fell 2%, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) tumbled 2.4%, and Shopify (NYSE: SHOP) had slumped 4% as of 12:19 p.m. ET.
A strong jobs report these days runs counter to the Fed’s wishes. The line of thought is that if the job market is still too hot, the Fed won’t be keen on loosening its tight monetary policy in the ongoing efforts to tame inflation. And this is a scenario the market is keen to avoid after a series of 75 basis-point hikes this year. But J.P. Morgan Asset Management chief strategist David Kelly thinks the latest numbers flatter to deceive and believes the way the data is reported distorts the real
Recessions aren't fun to live through. But if you're prepared, they don't have to be painful for your portfolio, either.
Blackstone Inc said redemptions from its $50 billion non-traded business development company reached its pre-set limit for the first time but investors were still allowed to cash out on their investments. This is the first time redemption requests had reached the pre-set limit of 5% since Blackstone launched the product in January last year. It also comes after Blackstone announced last Thursday that it would curb withdrawals from its $69 billion unlisted real estate income trust (REIT) following a surge in redemption requests.
After a punishing 2022, it may be time to bet on bonds backed by the U.S. government, particularly if a recession hits, according to Truist Advisory Services.
The EV stock has been stuck in a range in recent weeks. That isn't going to change for a while, but if it does, the risk is skewed to the downside.
(Bloomberg) -- President Joe Biden celebrated Taiwan Semiconductor Manufacturing Co.’s plans to increase its investments in Arizona to $40 billion and construct a second factory, with companies like Apple Inc. eager to source more chips from the US.Most Read from BloombergTrump Companies Are Convicted in NY Criminal Tax Fraud TrialWall Street Goes Risk Off as Bank CEOs Sound Alarm: Markets Wrap‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernEx-Deutsche Bank Trader Builds $
NRG Energy (NYSE: NRG) has agreed to acquire Vivint Smart Home (NYSE: VVNT) in a deal that values the target at $5.2 billion, including debt. NRG CEO Mauricio Gutierrez in a statement called the acquisition "a transformational step in achieving our vision" to be at the leading edge of high-tech solutions for homes and businesses. The deal is a positive outcome for the special purpose acquisition company (SPAC) market.