The global radio frequency beauty equipment market share is projected to be USD 1,947.8 million by 2033. Radio frequency beauty equipment suppliers expect the market to expand at a CAGR of 17.8% through 2033. The present valuation of the market is USD 377.7 million in 2023.
Key Trends in the Market
| Attribute | Details |
|---|---|
| Radio Frequency Beauty Equipment Market Size, 2022 | USD 344.5 million |
| Radio Frequency Beauty Equipment Market Size, 2023 | USD 377.7 million |
| Radio Frequency Beauty Equipment Market Size, 2033 | USD 1,947.8 million |
| Value-based CAGR (2023 to 2033) | 17.8% |
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The market scope of radio frequency beauty equipment is expected to expand multifold over the forecast period. The radio frequency beauty equipment is expected to steer at a CAGR of 17.8%, surpassing the historical CAGR of 6.6%. This shift in trend can be credited to the increasing preference for painless treatments among the global population.
| Attributes | Details |
|---|---|
| Radio Frequency Beauty Equipment Market Size (2018) | USD 250.6 million |
| Radio Frequency Beauty Equipment Market Size (2022) | USD 344.5 million |
| Radio Frequency Beauty Equipment Market (CAGR 2018 to 2022) | 6.6% |
In the historical period, people across the globe have undergone minimal-invasive cosmetic procedures, laser hair removal procedures, etc. The number is only expected to increase as people are gaining confidence in these procedures, thus elevating the market share.
Presently, the increasing global population is exploring aesthetics-enhancing procedures like body contouring, liposuction, etc. This is creating an opportunistic outlook for key businesses. Also, rising regulatory approvals and new launches in the market are expected to catalyze product demand in the upcoming years.
| Country/ Region | Value Share (2022) |
|---|---|
| North America | 34.3% |
| Europe | 21.7% |
| United States | 27.6% |
| Germany | 3.8% |
| Japan | 3.7% |
North America is expected to capture a large portion of the radio frequency beauty equipment market. The regional market holds around a 34.3% share of the global market in 2023. In the region, sales from the United States clock the significant revenue. The country has a prominent position in the global market, as it accounts for a relatively larger share of about 27.6% in 2023.
The demand for these devices is being driven by the increasing acceptance of emerging technologies that offer an effective solution in comparison to conventional methods of beauty enhancement. A notable driver for sales of this equipment is the significant influence of films, television, and the fashion industry. Additionally, increasing skepticism toward invasive surgeries is also fueling consumers to invest in these techniques.
The country harbors a new-found preference for minimally invasive beauty treatments. Consequently, beauty equipment suppliers are more inclined toward providing radio frequency beauty equipment. Key participants in the country can be seen focusing on manufacturing updated versions of radio frequency beauty equipment that reduce the complications that might arise during the treatment process.
Europe is another key market for radio frequency beauty equipment. The regional market holds a share of 21.7% of the global market in 2023. Germany is expected to have a noticeable influence in the market, as it takes up a market share of 3.8% of the global market. The United Kingdom, in comparison, is predicted to expand at a CAGR of 20.7% through 2033, suggesting robust demand for radio frequency beauty equipment in the country.
Due to increasing concerns over natural aging and wrinkles, this equipment finds high application in the region. The machine offers skin-tightening capabilities and new cell production. It also helps stimulate the collagen and elastin production. Several beauty salons in Europe are equipped with high-quality devices like radio frequency beauty equipment to meet the demands for elevated beauty standards. As customers are increasingly opting for aesthetics and younger-looking skin, the demand for this solution is anticipated to accelerate.
In the Asia Pacific, China and India are expected to expand at robust CAGRs of 26.4% and 24.3%, respectively, through 2033. As consumers are increasingly turning toward non-surgical technologies that can effectively lift and tighten the skin, the industry for radio frequency beauty equipment is rising at an exponential rate. To gain a larger holding in the Asia Pacific market, manufacturers are striving to reduce the price of this equipment.
The technology is used by patients in their thirties to fifties, who have sagging facial tissues and seek radio frequency waves for cell reparation. A soaring number of dermatologists and skin care clinics familiar with this technology is adding to the increasing knowledge about these procedures in Asian countries.
Mounting cases of obesity in Asian countries is also conducive to market growth. In India, 23.4% of the adult population was recorded to be obese, as per the Global Obesity Observatory in 2021. For its treatment, treatments like liposuction are being adopted to tackle the problem effectively.
The market in Japan is expected to fare well in the upcoming years. The market in Japan is predicted to amass a market share of around 3.7% in 2023. The high proportion of the aging population in the country is contributing to the market for radio frequency beauty equipment. Additionally, the heightened popularity of radio frequency beauty treatment equipment is also spurring regional growth. Surging awareness about the aesthetic procedures among the population is driving sales of this equipment.
Australia is emerging as a promising market for radio frequency beauty equipment. The market in Australia is predicted to expand at a CAGR of 21.1% over the forecast period, indicating a robust ground for future growth. Key players are projected to expand their presence in the continent to tap into the emerging demand for elevated beauty among individuals of diverse age groups. As this equipment offers wide-ranging applications, covering skin treatment, body contouring, hair removal, and much more, the equipment is expected to experience huge demand from aesthetics-conscious consumers.
Principal Consultant
| Top Product | Trolley Mounted Beauty Equipment |
|---|---|
| Market Share (2023) | 52% |
On the basis of product type, the trolley-mounted devices account for a share of around 52% of the market in 2023. The higher efficiency and convenience offered by this type of device are catering to its increasing adoption. Other benefits of trolley-mounted radio frequency beauty equipment contributing to its adoption include:
| Top End-use Sector | Beauty Care Centers |
|---|---|
| Market Share (2023) | 79.7% |
Beauty care centers, as per the recent market estimates, are expected to enjoy a market share of 79.7% in 2023. These centers are highly preferred places for beauty procedures. As awareness about self-appearance is surging among the global population, the demand for RF beauty treatment from trusted beauty centers is expected to increase.
These centers offer a range of services, like scar removal, liposuction, and skin reconstruction, to meet the demands of their customers. By hiring quality professionals for these services, the centers can retain their customer loyalty in the years to come. Additionally, occasional discounts also help drive price-sensitive customers to opt for these procedures.
Numerous RF beauty equipment manufacturers are scaling up their capacity for radio frequency beauty equipment to meet the large-scale demand for non-invasive beauty procedures. Key players are prioritizing their resources to lower the volatile costs of production and complications emerging from rectifying equipment during the treatment procedures.
Some usual business tactics assumed by prominent players include product launches and strategic acquisitions. Leading players like Lumenis and Cynosure Inc. collectively represent three-fourths revenue share of the global market.
New Developments in the Radio Frequency Beauty Equipment Market
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The radio frequency beauty equipment market valuation is USD 377.7 million in 2023.
The market is expected to expand at a CAGR of 17.8% through 2033.
China is estimated to expand at a robust pace of 26.4% through 2033.
The trolley mounted devices are witnessing higher adoption from end users.
Cynosure, Inc., Lumenis, and Syneron Medical Ltd. are the key players in the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Trolley Mounted Devices 5.2. Table Top Devices 5.3. Portable Devices 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Skin Treatment 6.1.1. Skin Reconstruction 6.1.2. Scar Removal 6.1.3. Non-Surgical Skin Tightening 6.1.4. Facial Repair 6.2. Body Contouring 6.2.1. Liposuction 6.2.2. Cellulite Reduction 6.2.3. Non-Surgical Fat Reduction 6.2.4. Collagen Stimulation and Generation 6.3. Hair Removal 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 7.1. Monopolar RF 7.2. Bipolar RF 7.3. Multipolar RF 7.4. Fractional RF 7.5. Combination of IPL and RF 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 8.1. Beauty Care Centers 8.2. Home Care Settings 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Cynosure, Inc. 19.2. Lumenis 19.3. Syneron Medical Ltd 19.4. Bausch Health Companies Inc. 19.5. Alma Lasers 19.6. Cymatics 19.7. IBRAMED 19.8. Guangzhou Beautylife Electronic Technology Co. 19.9. SharpLight Technologies Ltd 19.10. Venus Concepts 19.11. Airsculpt Technologies, Inc. 20. Assumptions & Acronyms Used 21. Research Methodology
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Radio Frequency Beauty Equipment Market
