- North America,
- Middle East and Africa,
- Asia Pacific &
- South America
Multi Applications Platform Market is estimated to be valued at USD 132.8 million in 2021, and it is expanded to grow at a significant CAGR of 16.9% over 2022-2028. Acceptance of energy-based devices in aesthetic procedures is continuously gaining momentum, as these devices enable practitioners to perform procedures at faster rate coupled with improved safety and made medical aesthetic procedures much more accessible to patients. Laser technology, intense pulsed light (IPL) technology, radiofrequency (RF), and ultrasound, are majorly deployed in energy-based devices. These devices are used to treat wide variety of aesthetic applications like wrinkle reduction, pigment & vascular lesions, hair removal, scar, and acne, among others.
Increasing acceptance of such energy-based devices for aesthetic procedures is major due to the following advantages or key benefits offered by these devices. RF based devices enhance body's natural production of collagen and elastin fibers. RF also rejuvenates the appearance of lax skin. In addition, RF technology deliver energy at safe and comfortably deep below the skin's surface. These benefits support the acceptance of RF based devices to treat wrinkle reduction, body contouring, skin tone preservation, and among others. Furthermore, certain RF devices are designed with tiny pins to safely deliver heat and enhances skin resurfacing procedures, and this can be useful for acne-scar reduction. Considering these parameters like, growing baby boomers population and other age groups, like millennials & younger generations, growing awareness among population, and growing spending among population on aesthetic procedures are creating lucrative opportunities for aesthetic treatment solutions, including multi-application platform and picosecond laser devices.
Fastest Growing Market
The global multi applications platform market is mainly driven by the technological advancements. Advances in energy-based device technologies are also driving the market. Aesthetic practitioners are increasing looking to acquire multi- functional energy-based devices to treat a variety of indications using a single platform and advanced laser technologies. Such demand created pressure on manufacturers to introduce technologically advanced devices Products from different companies have been made available with incorporation of advanced technologies. High treatment cost and alternative therapies are hampering the market.
The multi applications platform market is projected to expand at a CAGR of 16.9% during the forecast period.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
Asclepion Laser Technologies GmbH, Cynosure, Cocoon Medical, Alma Lasers, Quanta System