Artificial Intelligence
Aesthetic Equipment Market Size Growing at 9.8% CAGR Set to Reach USD 39 Billion By 2032
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LOS ANGELES, Feb. 22, 2023 (GLOBE NEWSWIRE) — The Global Aesthetic Equipment Market Size accounted for USD 14 Billion in 2022 and is projected to achieve a market size of USD 39 Billion by 2032 growing at a CAGR of 9.8% from 2023 to 2032.
Aesthetic Equipment Market Research Report Highlights and Statistics:
- The Global Aesthetic Equipment Market Size in 2022 stood at USD 14 Billion and is set to reach USD 39 Billion by 2032, growing at a CAGR of 9.8%
- The market growth is driven by various factors, including the growing demand for minimally invasive cosmetic procedures, increasing awareness about the benefits of aesthetic treatments, and the rising disposable income of people.
- Geographically, North America is the largest market for aesthetic equipment, followed by Europe and Asia-Pacific.
- The market growth in North America is mainly driven by the high adoption of aesthetic treatments and the presence of a large number of aesthetic clinics and medical spas.
- The global aesthetic equipment market is highly competitive, with several key players, including Alma Lasers, Cutera Inc., Cynosure Inc., Hologic Inc., Lumenis Ltd., Syneron Medical Ltd., and Venus Concept Ltd.
- The most popular aesthetic treatments using equipment include laser hair removal, skin rejuvenation, body contouring, and tattoo removal.
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Aesthetic Equipment Market Report Coverage:
| Market | Aesthetic Equipment Market | |
| Aesthetic Equipment Market Size 2022 | USD 14 Billion | |
| Aesthetic Equipment Market Forecast 2032 | USD 39 Billion | |
| Aesthetic Equipment Market CAGR During 2023 – 2032 | 9.8% | |
| Aesthetic Equipment Market Analysis Period | 2018 – 2030 | |
| Aesthetic Equipment Market Base Year | 2022 | |
| Aesthetic Equipment Market Forecast Data | 2023 – 2032 | |
| Segments Covered | By Product Type, By Application, By End User, And By Geography | |
| Aesthetic Equipment Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
| Key Companies Profiled | Allergan plc, Zimmer Biomet Holdings, Inc., Johnson & Johnson, Dentsply Sirona Inc., Hologic, Inc., SYNERON MEDICAL LTD, MERZ PHARMA GMBH & CO. KGAA, LUMENIS LTD, Sientra Inc, and VALEANT PHARMACEUTICAL INTERNATIONAL, INC | |
| Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis | |
Aesthetic Equipment Market Overview:
The Aesthetic Equipment Market is a thriving industry that provides various equipment and devices used in medical aesthetics. These devices are used to enhance the appearance of individuals through minimally invasive cosmetic procedures. Aesthetic equipment has diverse and unique applications, including laser and energy-based devices, facial aesthetic devices, body contouring devices, and others. These devices are used to perform popular treatments such as laser hair removal, skin rejuvenation, body contouring, and tattoo removal.
The market is mainly driven by the growing demand for minimally invasive cosmetic procedures, increasing awareness about the benefits of aesthetic treatments, and the rising disposable income of people. Geographically, North America is the largest market for aesthetic equipment, followed by Europe and Asia-Pacific.
The global aesthetic equipment market is highly competitive, with several key players such as Alma Lasers, Cutera Inc., Cynosure Inc., Hologic Inc., Lumenis Ltd., Syneron Medical Ltd., and Venus Concept Ltd. These players offer a wide range of aesthetic equipment and devices that cater to the diverse needs of individuals seeking aesthetic treatments.
The Aesthetic Equipment Market is a rapidly growing industry with diverse and unique applications. The market is expected to continue to grow due to the increasing demand for aesthetic treatments and the rising disposable income of people. With the presence of key players offering a wide range of equipment, individuals seeking aesthetic treatments can be assured of finding the right equipment to meet their needs.
Trends in the Aesthetic Equipment Market:
- Personalized Aesthetic Treatments: Aesthetic equipment manufacturers are developing devices that offer personalized treatments based on a person’s skin type and individual needs.
- Non-Surgical Rhinoplasty: The use of fillers and thread lifts for nose reshaping is becoming increasingly popular, providing a non-invasive alternative to traditional rhinoplasty.
- Combination Treatments: Aesthetic clinics are combining different treatments to create custom treatment plans, providing better results for patients.
- Platelet Rich Plasma (PRP): PRP is becoming a popular treatment for hair loss and skin rejuvenation, with the use of PRP kits and devices becoming increasingly common.
- Cryolipolysis for Double Chin Reduction: The use of cryolipolysis for reducing fat in the double chin area is gaining popularity, with various devices being developed for this purpose.
- Hand Rejuvenation: The use of fillers and lasers for hand rejuvenation is gaining popularity, providing a more youthful appearance to the hands.
- Ultrasound for Skin Tightening: Ultrasound devices are being developed for skin tightening, providing a non-invasive alternative to surgical procedures.
- Radiofrequency for Cellulite Reduction: The use of radiofrequency devices for cellulite reduction is gaining popularity, with various devices being developed for this purpose.
Aesthetic Equipment Market Dynamics:
- Advancements in technology: The growth of the aesthetic equipment market can be attributed to the advancements in technology that are making it possible to develop innovative devices that offer better results and are more comfortable for patients.
- Aging population: The global population is aging, and this is contributing to the growth of the aesthetic equipment market as more people seek treatments to maintain a youthful appearance.
- Social media influence: The influence of social media and the desire for the “perfect” appearance is driving the growth of the aesthetic equipment market as people seek out treatments to improve their appearance.
- Growing number of aesthetic clinics and medical spas: The growth of the aesthetic equipment market is also being driven by the increasing number of aesthetic clinics and medical spas that are providing these services.
- Increasing availability of financing options: The availability of financing options for aesthetic procedures is making them more accessible to people, leading to an increase in demand for aesthetic equipment.
- Rising demand for hair removal treatments: The growth of the aesthetic equipment market can also be attributed to the increasing demand for hair removal treatments, which are becoming more popular as people seek out alternatives to traditional hair removal methods.
- Increasing prevalence of skin problems: The growing prevalence of skin problems, such as acne and rosacea, is contributing to the growth of the aesthetic equipment market as people seek out treatments to improve their skin’s appearance.
- Increase in male patients: The growing number of male patients seeking aesthetic treatments is contributing to the growth of the aesthetic equipment market.
- Medical tourism: The rise in medical tourism is driving the growth of the aesthetic equipment market, as more people travel abroad to undergo aesthetic treatments.
- Non-aesthetic medical applications: Aesthetic equipment is also being used for non-aesthetic medical applications, such as scar revision and wound healing, which is contributing to the growth of the market.
Growth Hampering Factors in the market for Aesthetic Equipment:
- High cost of treatment: The high cost of purchasing and maintaining aesthetic equipment can be a major barrier to entry for smaller clinics and practices.
- Competition from non-aesthetic treatments: The aesthetic equipment market may be hampered by competition from non-aesthetic treatments that are more affordable or have a wider range of applications.
- Safety concerns: The safety of aesthetic equipment can be a major concern for patients, leading to a decrease in demand for these treatments.
- Limited insurance coverage: The limited insurance coverage for aesthetic procedures can be a major barrier to entry for many patients, leading to a decrease in demand for these treatments.
- Misleading marketing claims: Misleading marketing claims by some companies can lead to a decrease in consumer trust and a decrease in demand for aesthetic equipment.
- Increasing preference for natural beauty: The trend towards natural beauty can lead to a decrease in demand for aesthetic treatments, hampering the growth of the market.
- Fear of over-treatment: The fear of over:treatment or looking “overdone” can lead to a decrease in demand for aesthetic treatments, hampering the growth of the market.
- Negative side effects: Negative side effects from aesthetic treatments can lead to a decrease in demand for these procedures, hampering the growth of the market.
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Market Segmentation:
Aesthetic Equipment Market by Product Type
- Energy-based Aesthetic Device
- Ultrasound Aesthetic Device
- Radiofrequency (RF)-based Aesthetic Device
- Laser-based Aesthetic Device
- Light-based Aesthetic Device
- Non-energy-based Aesthetic Device
- Microdermabrasion
- Dermal Fillers and Aesthetic Threads
- Botulinum Toxin
- Other
- Aesthetic Implants
- Breast Implants
- Facial Implants
- Others
By Type of Application
- Non Surgical
- Surgical
By End User
- Medical Spas and Beauty Centers
- Hospitals and Clinics
Aesthetic Equipment Market Overview by Region:
North America’s Aesthetic Equipment market share is the highest globally, due to the high demand for non-invasive cosmetic procedures, growing awareness about the benefits of aesthetic treatments, and the presence of leading manufacturers in the region. In the US, the growing popularity of minimally invasive procedures, such as Botox injections and laser hair removal, is driving the market’s growth. The region is also seeing increased demand for body contouring and skin rejuvenation treatments. Additionally, there is a trend towards combination treatments that address multiple aesthetic concerns, such as combining laser hair removal with skin tightening procedures.
The Asia-Pacific region’s Aesthetic Equipment Market share is also huge and is growing at the fastest rate, due to the rising disposable income, increasing awareness about aesthetic treatments, and growing demand for minimally invasive procedures. In China, the market is expanding rapidly, with increasing demand for anti-aging treatments and a trend towards personalized treatment plans that address individual patient needs. In Japan, the market is seeing increased demand for aesthetic treatments for the face and body, as well as a growing focus on non-invasive procedures.
Europe is another key market for Aesthetic Equipment, due to the growing demand for anti-aging treatments, increasing disposable income, and high levels of awareness about the benefits of aesthetic procedures. In the UK, the market is seeing increasing demand for non-surgical facelifts and skin rejuvenation treatments. The region is also experiencing a trend towards natural-looking results, with patients seeking treatments that enhance their features without looking artificial.
The Latin American and MEA aesthetic equipment market share is still in its early stages, but it is growing at a decent pace.
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Aesthetic Equipment Market Key Players:
The global aesthetic equipment market has numerous players operating in the industry. Some of the key players in the market include Alma Lasers, Allergan, Inc., Bausch Health Companies, Inc., Cutera, Inc., Cynosure, Inc., Ellman International, Inc., Hologic, Inc., Johnson & Johnson, Lumenis Ltd., Merz Pharma GmbH & Co. KGaA, Syneron Medical Ltd., Solta Medical, Inc., Sciton, Inc., Fotona d.o.o., Viora, Zeltiq Aesthetics, Inc., SharpLight Technologies Inc., Venus Concept, Asclepion Laser Technologies GmbH, and Medtronic. These players are constantly investing in research and development to introduce new and innovative products in the market, and are expanding their global presence through strategic partnerships, collaborations, and acquisitions.
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LONDON, May 21, 2024 /PRNewswire/ — Wirex, a leading Web3 money app, is proud to announce that Chet Shah, Global Chief Risk & Compliance Officer at Wirex, has joined CryptoUK’s newly established Policy Committee.
CryptoUK, the premier trade body representing the UK’s digital asset sector, formed its new Policy Committee which brings together industry-leading experts from the legal, regulatory, and compliance sectors. The committee’s mission is to provide strategic policy guidance, advocate for regulatory clarity, and foster innovation to support the growth of the UK’s digital assets industry.
This appointment underscores Wirex’s commitment to advancing regulatory clarity and innovation in the digital asset sector.
Chet brings a wealth of experience in risk and compliance. His background covers banking, auditing, and traditional finance, as well as solid expertise in the cryptocurrency space. At Wirex, Chet has been crucial in building and improving relationships with global regulators, including the Financial Conduct Authority, and authorities in countries including Singapore, Croatia, and Italy.
Chet’s approach prioritises commercially focused compliance and risk management, ensuring that Wirex operates smoothly at the intersection of traditional finance and Web3. His ability to balance regulatory requirements with innovation has been key to Wirex’s growth and success.
Commenting on his appointment, Chet said, “My experience aligns perfectly with the committee’s goals and together, we can advocate for policies that balance regulation with growth in the digital assets space.”
About Wirex
Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly. As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management.
Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.
| wirexapp.com |
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Artificial Intelligence
Media Production Company Egg Is Coming Chooses Infortrend SAN Storage to Empower Content Creation Workflows
TAIPEI, May 21, 2024 /PRNewswire/ — Infortrend® Technology, Inc. (TWSE: 2495), the industry-leading enterprise storage provider, today announced that Korean media production company Egg is coming is leveraging Infortrend’s storage solution for M&E – EonStor DS enterprise SAN storage to empower content creation workflows and store the growing volume of UHD videos they produce.
Egg is coming is a media content production company operating as a spin-off from the South Korean entertainment giant CJ ENM Entertainment Division, the distributor of Oscar-winning movie “Parasite”. With the renowned producer Lee Myung-han as its CEO, Egg is coming specializes in production of popular entertainment content, including drama series, broadcast programs, music videos, etc. The team has successfully produced numerous renowned series, including “Hospital Playlist” which became the ninth highest-rated Korean drama in cable television history at the time.
As the company was established, they started looking for a high-speed shared storage solution. Infortrend’s EonStor DS SAN storage came highly recommended by a major media company that has been successfully using it with Tiger Technology’s SAN file sharing solution. Trusting this recommendation, Egg is coming adopted EonStor DS for video editing application. In total, four DS 4016 appliances, expanded with four units of JB 3060L expansion enclosure, were chosen for the initial deployment of the studio’s storage system. The solution provides 1.8 PB total capacity to store ever-expanding UHD video content and enables seamless workflows for 29 simultaneous post-production processes.
“Infortrend’s SAN storage EonStor DS was recommended to us by a major media production company, and we are happy that we adopted the same solution as DS enables fast and comfortable collaboration between 29 video editors,” – said Changmin Sim, the Team Leader of the Video Editing Team at Egg is coming.
Learn more about EonStor DS
About Infortrend
Infortrend (TWSE: 2495) has been developing and manufacturing storage solutions since 1993. With a strong emphasis on in-house design, testing, and manufacturing, Infortrend storage delivers performance and scalability with the latest standards, user friendly data services, personal after-sales support, and unrivaled value. For more information, please visit www.infortrend.com
Infortrend® and EonStor® are trademarks or registered trademarks of Infortrend Technology, Inc.; other trademarks are the property of their respective owners.
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Artificial Intelligence
Gcore And Xsolla Announce Partnership To Drive Global Game Distribution And Faster Downloads
Gcore’s edge network to deliver Xsolla Launcher, ensuring global reach, smoother game downloads and higher conversion rates
LUXEMBOURG, May 21, 2024 May 21, 2024 — Gcore, the global edge AI, cloud, network, and security solutions provider, announced its partnership with video game commerce company Xsolla. The alliance will enable Xsolla to provide game developers and publishers with new global distribution channels catering to gamers worldwide, regardless of their locations. With Gcore’s 180 global points of presence (PoPs), players will benefit from reduced time-to-play and smoother, more efficient game downloads.
Xsolla Launcher is a powerful tool for game development companies of all sizes to widen distribution and easily build communities. It streamlines game installation, enhances player communication, and boosts monetization, allowing developers to concentrate on creativity and business logic. By leveraging Gcore’s robust CDN, Xsolla Launcher ensures seamless, speedy game downloads for all players by efficiently fetching and caching game components and initiating rapid downloads upon player request.
“At Xsolla, we’re committed to elevating the gaming experience for developers and players globally,” said David Stelzer, President of Xsolla. “Our collaboration with Gcore’s cutting-edge CDN technology significantly narrows the gap between the game and its players by delivering assets at unparalleled speed. This integration into our new Xsolla Launcher sets the bar for high-performance service and empowers our customers to focus on what they do best: create captivating games.”
Xsolla engineers chose Gcore CDN for its global network of 180+ edge servers, ensuring uninterrupted delivery of game assets worldwide. With a network capacity exceeding 110 Tbps and connectivity to 14,000 peering partners, Gcore averts congestion and disruptions, even during major releases. Operating under strict security measures and meticulous server maintenance, Gcore guarantees exceptional availability. Additionally, Gcore’s CDN integration with its proprietary DNS services further minimizes the risk of service interruptions or outages.
“We’re thrilled to be part of Xsolla’s pioneering solution, driving the gaming industry forward,” commented Ilya Matveev, Business Development Director at Gcore. “Xsolla Launcher brings flexibility to the industry, allowing companies to implement a D2C approach – a way to monetize their existing game fan base without the burden of platform fees. Relying on the power of Gcore’s edge infrastructure, Xsolla Launcher is revolutionizing game distribution by eliminating market barriers, reducing development costs, and fostering creativity.”
Read more about the partnership via this link.
About Gcore
Gcore is a global edge AI, cloud, network, and security solutions provider. Headquartered in Luxembourg, with a staff of 600 operating from ten offices worldwide, Gcore provides solutions to global leaders in numerous industries. Gcore manages its global IT infrastructure across six continents, with one of the best network performances in Europe, Africa, and LATAM due to the average response time of 30 ms worldwide. Gcore’s network consists of 180 points of presence worldwide in reliable Tier IV and Tier III data centers, with a total capacity exceeding 110 Tbps.Website | Twitter | Facebook | LinkedIn
About Xsolla
Xsolla is a global video game commerce company with a robust and powerful set of tools and services designed specifically for the industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue, and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in London, Berlin, Beijing, Guangzhou, Seoul, Tokyo, Kuala Lumpur, Raleigh, and cities around the world, Xsolla supports major gaming titles like Valve, Epic Games, Take-Two, KRAFTON, Nexters, NetEase, Playstudios, Playrix, miHoYo, and more.
Website | Twitter | Facebook | LinkedIn
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