Philippines, Malaysia, and Singapore Aesthetics Energy Based Devices Market Size, Share, Growth, Trends, and Global Industry Analysis: By Machine Type, By Application, By End User, and Country Forecast 2020-2031

Philippines, Malaysia, and Singapore Aesthetics Energy Based Devices Market Size, Share, Growth, Trends, and Global Industry Analysis: By Machine Type (Laser-based Aesthetic Device, Radiofrequency-based Aesthetic Device, Light-based Aesthetic Device, Ultrasound Aesthetic Device, and Others), By Application (Body Contouring & Skin Tightening, Skin Rejuvenation, Hair Removal, Leg Vein Treatment, Vaginal Rejuvenation, Pigmented Lesion & Tattoo Removal, and Others), By End User (Hospitals, Ambulatory Surgical Centers, Beauty Centers and Medical Spas, Dermatology Clinics, and Others), and Country Forecast 2020-2031

Report ID:429483

Published Date:Apr 2024

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Philippines, Malaysia, and Singapore Aesthetics Energy-Based Devices Market size was valued at US$ 215 million in 2024 and is expected to reach US$ 390 million by 2031, growing at a significant CAGR of 8.5% from 2025-2031. The market refers to the sector comprising medical and cosmetic devices that use various forms of energy, such as laser, radiofrequency, ultrasound, light, and cryolipolysis, to perform non-invasive or minimally invasive cosmetic procedures. The market is witnessing robust growth, primarily driven by increasing consumer demand for non-invasive and minimally invasive cosmetic procedures. As beauty consciousness, disposable incomes, and aging-related skin concerns rise across Southeast Asia, patients are actively seeking treatments such as laser resurfacing, radiofrequency skin tightening, and body contouring that offer effective results with minimal downtime. This demand is fuelling investments by clinics in advanced aesthetic devices.

A key trend shaping the market is the growing adoption of multifunctional platforms and personalized treatment protocols, supported by a rise in digital skin diagnostics and consumer interest in combination therapies. The medical tourism boom, especially in Singapore and Malaysia, is opening strong opportunities for market expansion, attracting both domestic and international clients. Additionally, affordable home-use devices and installment-based clinic offerings are emerging as new frontiers. However, the market faces restraints such as high equipment costs, inconsistent regulatory standards, and a shortage of trained professionals. These issues limit accessibility, especially for mid- and small-tier clinics and rural regions. Despite these challenges, the market remains dynamic, with government support, evolving technology, and growing aesthetic awareness expected to sustain upward momentum across the region.

Facts & Figures:

  • Rising Demand for Non-Invasive Aesthetic Procedures: Consumers are increasingly opting for non-surgical treatments such as laser resurfacing, radiofrequency tightening, and body contouring. These procedures make them popular among younger and aging populations alike. For instance, the 2025 AMSC Malaysia Conference gathered 1,600+ professionals and over 200 global brands, emphasizing non-invasive innovations like HIFU and RF platforms.
  • Medical Tourism and Cross-Border Patient Influx: Singapore remains a premium medical aesthetics hub, while Malaysia and the Philippines attract price-sensitive regional patients, fueling demand for advanced devices in private clinics. For instance, SBC Medical’s acquisition of Aesthetic Healthcare Holdings in Singapore highlights international expansion to meet growing medical tourism demand.
  • Government Support and Medical Regulations Improving Trust: Malaysia and the Philippines are investing in health tourism programs and setting up aesthetic training standards to ensure safety, quality, and foreign patient confidence. For instance, according to the MHTC report, Malaysia's government-backed promotion of aesthetic clinics within its Healthcare Travel Council strategy supports market growth and regulatory maturity by 2025.
  • Private Equity & Industry Consolidation: Strong investor interest is accelerating regional clinic roll-ups and device company buyouts, boosting innovation and improving accessibility to advanced EBD technologies. For instance, ArchiMed’s $742M buyout of Jeisys Medical in early 2025 marked its first Asia-focused deal, underscoring confidence in Asia’s EBD market trajectory.

Key Developments:

  • In February 2025, France’s ArchiMed acquired Korean EBD leader Jeisys for $742?M, marking its first major Asia investment in aesthetic energy-based tech.
  • In December 2024, Nasdaq-listed SBC merged with Pono Capital and acquired 21 clinics via Aesthetic Healthcare Holdings, plus partnered with Japan’s MEDIROM for wellness expansion.
  • In July 2024, Device Technologies Group entered Southeast Asia by acquiring Malaysia/Singapore-based Venusys, Infinity, and Bits Medical, bolstering its aesthetics portfolio.
  • In January 2024, U.S.-based Cynosure, backed by CD&R, merged with South Korea’s Lutronic under Hahn & Company’s partnership, expanding their global aesthetic device footprint.

Philippines, Malaysia, and Singapore Aesthetics Energy Based Devices Market Segmentation:

Based on the machine type:

  • Laser-based Aesthetic Device
  • Radiofrequency-based Aesthetic Device
  • Light-based Aesthetic Device
  • Ultrasound Aesthetic Device
  • Others

Among the machine types, Laser-based Aesthetic Devices hold the largest market share in the Philippines, Malaysia, and Singapore Aesthetic Energy-Based Devices Market. These devices are widely adopted due to their versatility in treating skin resurfacing, hair removal, acne scars, pigmentation, and vascular lesions, all of which are highly demanded aesthetic concerns in Southeast Asia. Clinics prefer laser technologies such as fractional CO? and diode lasers for their precision, effectiveness, and minimal downtime. Additionally, growing demand from both urban residents and medical tourists fuels this segment. In contrast, Ultrasound-based devices hold the smallest share, mainly due to their limited application scope and higher price points, which restricts adoption to premium clinics.

Based on the application:

  • Body Contouring & Skin Tightening
  • Skin Rejuvenation Land
  • Hair Removal
  • Leg Vein Treatment
  • Vaginal Rejuvenation
  • Pigmented Lesion & Tattoo Removal
  • Others

Skin Rejuvenation holds the largest market share in the market. This dominance is driven by high consumer demand for anti-aging treatments, uneven skin tone correction, and acne scar reduction, common concerns among urban populations in Southeast Asia. Clinics and medispas extensively use laser, radiofrequency, and light-based devices to offer non-invasive skin revitalization procedures with minimal recovery time, making them highly popular among working professionals and tourists alike. Additionally, skin rejuvenation treatments often require multiple sessions, increasing device utilization and ROI for providers. On the other hand, Leg Vein Treatment captures the smallest share due to niche demand, relatively fewer cases, and limited provider specialization in this area.

Based on the end user:

  • Hospitals
  • Ambulatory Surgical Centers
  • Beauty Centers and Medical Spas
  • Dermatology Clinics
  • Others

Beauty Centers and Medical Spas hold the largest market share in the market. These facilities have become the primary access point for non-invasive cosmetic procedures due to their consumer-friendly environment, affordability, and convenience. They are highly responsive to trends, frequently invest in advanced energy-based devices, and cater to a wide range of clients seeking skin rejuvenation, body contouring, and hair removal. Their popularity is especially strong among urban middle-class consumers and tourists looking for quick, effective treatments. In contrast, Ambulatory Surgical Centers hold the smallest share as they are typically reserved for more invasive or surgical procedures, limiting their use of aesthetic EBDs compared to other end users.

Philippines, Malaysia, and Singapore Aesthetics Energy Based Devices Market Dynamics

Drivers

The one key driver of the market is the rising consumer demand for non-invasive, minimally invasive cosmetic procedures, fueled by growing beauty consciousness, increased disposable incomes, aging populations, and wellness-driven lifestyles across Southeast Asia. Patients are seeking effective anti-aging and skin-enhancing treatments, such as laser rejuvenation, radiofrequency tightening, and body contouring, without surgery or downtime. Clinics and medical spas across these markets are investing heavily in aesthetic energy-based devices to meet this trend, which aligns with global shifts toward less invasive cosmetic solutions.

While this consumer-driven surge is the primary growth engine, additional factors, like strong dermatologist networks, supportive medical tourism frameworks, and rapid urbanization, provide supplementary momentum, enhancing accessibility and adoption of advanced aesthetic technologies in the region.

Restraints

One major restraint in the market is the high cost of advanced devices and procedures, which limits accessibility for middle- and lower-income populations. Premium technologies such as fractional lasers, HIFU (High-Intensity Focused Ultrasound), and cryolipolysis machines require significant upfront investment from clinics and result in high procedure costs for consumers. This cost barrier hinders widespread adoption, particularly in price-sensitive segments of the population across the Philippines and Malaysia.

Moreover, many small clinics struggle with the ROI due to limited patient volume. Regulatory variability across these countries also adds complexity, as inconsistent standards can delay device approvals and limit trust in certain technologies. In addition to cost, the shortage of trained professionals to safely and effectively operate sophisticated energy-based systems remains a secondary barrier, particularly in non-urban areas, further restricting market penetration and consistent quality of care across the region.

Opportunities

One key opportunity in the market lies in the growing influx of medical tourism combined with increasing demand for personalized aesthetic treatments. Singapore, in particular, is positioning itself as a regional hub for premium aesthetic care, attracting international patients seeking high-quality, technology-driven procedures. Meanwhile, Malaysia and the Philippines are emerging as cost-effective alternatives, drawing patients from neighbouring countries. This regional expansion is driving investment in advanced energy-based devices like lasers, RF, and ultrasound platforms.

Additionally, rising interest in personalized skincare and combination therapies is pushing clinics to adopt multifunctional devices that cater to a wider range of concerns, such as pigmentation, acne, and skin laxity. Government support in Malaysia and the Philippines to promote healthcare tourism further boosts this growth potential. While tourism-driven demand is the most immediate opportunity, other growth areas include expanding access through instalment-based treatments and introducing portable, home-use energy-based devices to serve younger urban populations.

Trends

One key restraint in the market is the limited affordability and uneven access to advanced treatments across different income groups and geographic areas. While urban centers like Metro Manila, Kuala Lumpur, and Singapore City have well-equipped clinics offering cutting-edge energy-based procedures, rural and semi-urban regions often lack both infrastructure and qualified practitioners. This urban-rural divide limits overall market penetration. Additionally, the high cost of acquiring and maintaining aesthetic energy-based devices, such as fractional CO? lasers, HIFU systems, and RF platforms, makes it challenging for small and mid-sized clinics to compete, especially without assured patient volume.

As a result, many providers struggle to achieve a return on investment, which slows market expansion. Beyond cost, inconsistent regulatory oversight in the Philippines and Malaysia can delay approvals and create concerns about safety and efficacy, further impeding consumer trust. Workforce skill gaps and a lack of standardized training programs are secondary but reinforcing restraints.

Philippines, Malaysia and Singapore Aesthetics Energy Based Devices Market Segmentation Analysis

Report Benchmarks

Details

Market Size in 2024

US$ 215 million

Market Size in 2031

US$ 390 million

By Machine Type

  • Laser-based Aesthetic Device
  • Radiofrequency-based Aesthetic Device
  • Light-based Aesthetic Device
  • Ultrasound Aesthetic Device
  • Others

By Application

  • Body Contouring & Skin Tightening
  • Skin Rejuvenation Land
  • Hair Removal
  • Leg Vein Treatment
  • Vaginal Rejuvenation
  • Pigmented Lesion & Tattoo Removal
  • Others

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Beauty Centers and Medical Spas
  • Dermatology Clinics
  • Others

Analyst Review

According to a PBI Analyst, the aesthetic energy-based devices market in the Philippines, Malaysia, and Singapore is experiencing strong regional growth, driven by rising demand for non-invasive procedures, a booming medical tourism sector, and increasing investments in cosmetic dermatology. Singapore leads as a premium hub with advanced infrastructure, while Malaysia and the Philippines are rapidly emerging as cost-effective destinations. Consumer interest in laser treatments, RF, and body contouring is high, particularly among urban populations.

However, high equipment costs and uneven access remain challenges. Overall, the market is poised for continued expansion, supported by innovation, rising disposable incomes, and evolving consumer preferences for safe, effective aesthetic solutions.

Key Features of the Report

  • The Philippines Malaysia and Singapore aesthetics energy based devices market report provides granular level information about the market size, regional market share, historic market (2020-2024), and forecast (2025-2031)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter Five Force Analysis.

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Frequently Asked Questions

Philippines, Malaysia & Singapore aesthetics energy-based devices market size was valued at US$ 215 million in 2024 and is set to grow at a CAGR of 8.5%.

The growth is driven by rising demand for non-invasive procedures, increasing disposable income, medical tourism, and widespread beauty consciousness across urban populations in the Philippines, Malaysia, and Singapore.

Medical tourism and the rise of personalized, multifunctional aesthetic treatments present significant opportunities for clinics and device manufacturers to expand in the region.

Skin rejuvenation holds the highest market share as consumers seek anti-aging, pigmentation correction, and acne scar treatments, especially among working professionals and youth.

Market research is segmented based on market machine type, application, end user, and country.

Content Updated Date: Jul 2025

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Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary
2.Global Philippines, Malaysia and Singapore Aesthetics Energy Based Devices Market Introduction 
2.1.Global Philippines, Malaysia and Singapore Aesthetics Energy Based Devices Market  - Taxonomy
2.2.Global Philippines, Malaysia and Singapore Aesthetics Energy Based Devices Market  - Definitions
2.2.1.Machine Type
2.2.2.Application
2.2.3.End User
3.Global Philippines, Malaysia and Singapore Aesthetics Energy Based Devices Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Philippines, Malaysia and Singapore Aesthetics Energy Based Devices Market Analysis, 2020 - 2024 and Forecast 2025 - 2031
4.1.  Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Philippines, Malaysia and Singapore Aesthetics Energy Based Devices Market  By Machine Type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
5.1. Laser-based Aesthetic Device
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Radiofrequency-based Aesthetic Device
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Light-based Aesthetic Device
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Ultrasound Aesthetic Device
5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Others
5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
6.Global Philippines, Malaysia and Singapore Aesthetics Energy Based Devices Market  By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
6.1. Body Contouring & Skin Tightening
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Skin Rejuvenation Land
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Hair Removal
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Leg Vein Treatment
6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Vaginal Rejuvenation
6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Pigmented Lesion & Tattoo Removal
6.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Others
6.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
7.Global Philippines, Malaysia and Singapore Aesthetics Energy Based Devices Market  By End User, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
7.1. Hospitals
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Ambulatory Surgical Centers
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Beauty Centers and Medical Spas
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Dermatology Clinics
7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Others
7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. Competition Landscape
8.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
8.2.1.Syneron Medical Ltd.
8.2.2.Merz Pharma GmbH & Co. KGaA
8.2.3.Lumenis Ltd.
8.2.4.Alma Lasers Inc.
8.2.5.Zeltiq
8.2.6.El.En.
8.2.7.Cutera
8.2.8.Sisram
8.2.9.Candela Medical
8.2.10.Cynosure
9. Research Methodology 
10. Appendix and Abbreviations 

Key Market Players

  • Syneron Medical Ltd.
  • Merz Pharma GmbH & Co. KGaA
  • Lumenis Ltd.
  • Alma Lasers Inc.
  • Zeltiq
  • El.En.
  • Cutera
  • Sisram
  • Candela Medical
  • Cynosure

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