The global Radio Frequency Beauty Equipment Market is predicted to be worth US$ 339.9 Million by the end of 2022, and to grow at a CAGR of 17.9% to be worth US$ 1.8 Billion by the end of 2032. According to a recent report by Future Market Insights, body contouring will be the dominating application in the global market in 2021, with a market share of approximately 50.5%.
Soaring demand for radio frequency beauty equipment is growing on account of higher acceptance of emerging technologies that act as effective alternatives to conventional methods. Global production of radio frequency beauty equipment is anticipated to skyrocket since their demand has been ascending rampantly in both developed and developing markets.
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The United States leads the North American region with a total market share of approximately 80.9% in 2021 and is expected to grow at a CAGR of 16.7% over the forecast period.
Given the enormous expansion in healthcare in the United States, the radio frequency beauty equipment market is expected to rise rapidly. Many producers, including Cynosure, Inc. and Bausch Health Companies Inc., are present in the US market. This has increased the market availability of radio frequency beauty devices.
Competitive Landscape:
Catering to the rising demand for non-invasive beauty treatments, several medical device manufacturers have instated production of radio frequency beauty equipment on a large scale. Rectifying equipment-related complications arising during treatment procedures and reducing the volatile costs of manufacturing remains a top priority for key players in the global radio frequency beauty equipment market.
Key players participating in the growth of the global radio frequency beauty equipment market include Cynosure, Inc., Lumenis, Syneron Medical Ltd, Bausch Health Companies Inc., Alma Lasers, Cymedics, IBRAMED, Guangzhou Beautylife Electronic Technology co., SharpLight Technologies Ltd, Venus Concepts, and Airsculpt Technologies, Inc
Surging Demand for Portable Radio Frequency Beauty Equipment
Because of the rising awareness of aesthetics, skin treatment and body sculpting are driving the industry. Furthermore, with the increasing prevalence of skin problems, the demand for radio frequency beauty equipment, and the growth in the field of aesthetics, possibilities based on developing technologies such as monopolar RF, bipolar RF, fractional RF, and others are expected to arise.
Furthermore, the pace of government regulatory clearances for radio frequency beauty equipment is leading to the development of new products. Hence, rising expenditures in research and development efforts for radio frequency beauty equipment will fuel market expansion due to constant developments in the radio frequency beauty equipment product range. This may stimulate producers to introduce new items.
Key Research Findings on Global Radio Frequency Beauty Equipment Market
- The United States dominates the North American area with a total market share of approximately 80.9% in 2021 and is predicted to maintain this growth rate with a CAGR of 16.7% throughout the forecast period.
- China is expected to grow at a CAGR of 28.0% during the forecast period, and will hold a 9.9% worldwide market share in the radio frequency beauty equipment market in 2021.
- India holds a 5.1% market share in the worldwide radio frequency beauty equipment market, which is predicted to grow at a CAGR of 21.7% during the forecast period.
- Trolley mounted devices are predicted to increase at a CAGR of 16.1% over the forecast period, with a market share of around 52.8% in 2021.
- For the year 2021, beauty care facilities will have a market share of approximately 79.0%. In today’s world, beauty care clinics are among the most popular destinations.
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Global Radio Frequency Beauty Equipment Market Segmentation:
By Product Type
- Table Top
- Trolley Mounted
- Portable
By Technology
- Mono-Polar Frequency
- Bio-Polar Radio Frequency
- Multi-Polar Radio Frequency
- Fractional Radio Frequency
By Application
- Skin Treatment
- Skin Reconstruction
- Scar Removal
- Non-Surgical Skin Tightening
- Facial Repair
- Body Contouring
- Liposuction
- Cellulite Reduction
- Non-Surgical Fat Reduction
- Collagen Stimulation and Generation
- Hair Removal
- Others
By End User
- Beauty Care Centre
- Home Care Settings
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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