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Cosmetic High-intensity Focused Ultrasound (hifu) System Market Research Report: Unlocking Industry Potential
Cosmetic High-Intensity Focused Ultrasound (HIFU) System Market, by type (portable, fixed), application (skin & facial rejuvenation, wrinkle & acne removal, fat reduction, others), end user (dermatology clinics, medical spas, home care) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
Cosmetic High-Intensity Focused Ultrasound (HIFU) System Market Overview
The Cosmetic High-Intensity Focused Ultrasound (HIFU) System market size was estimated at USD 202.84 million in 2023 and is projected to reach USD 313.55 million in 2030 at a CAGR of 6.42% during the forecast period 2023-2030.
Cosmetic High-Intensity Focused Ultrasound (HIFU) system is a medical device used in cosmetic procedures to tighten and lift the skin non-invasively. HIFU technology uses focused ultrasound energy to heat the deeper layers of the skin, stimulating collagen production and causing tissue tightening. This can result in skin lifting, wrinkle reduction, and overall skin rejuvenation. Its commonly used for facial treatments, such as brow lifts, neck lifts, and tightening of the jawline. The ...
... non-surgical nature of the procedure and its ability to target specific layers of skin make it a popular choice for individuals seeking cosmetic enhancements without surgery.
The increase in the demand for non-invasive and minimally invasive aesthetic treatments is one of the key factors driving the growth of cosmetic HIFU systems market. Moreover, the increasing disposable income of consumers is making them more willing to spend on cosmetic procedures. In addition, the growing awareness about HIFU systems is also driving their demands. Consumers are becoming more aware of the benefits of HIFU, and they are increasingly opting for this procedure over other cosmetic procedures.
However, HIFU systems are expensive which could make them inaccessible to some consumers. Moreover, they can cause some side effects such as bruising, swelling and redness. In rare cases, HIFU systems can cause complications such as burns, nerve damage and scarring. These factors might hamper the growth of the market.
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The COVID-19 pandemic has had a negative impact on the cosmetic high intensity focused ultrasound (HIFU) system market. The pandemic led to a decrease in demand for all types of cosmetic procedures, including HIFU. Moreover, the outbreak led to reduced economic activity which made consumers less willing to spend money on cosmetic procedures. In addition, the pandemic disrupted supply chains for variety of products, including HIFU systems. This made it difficult for manufacturers to get the components they need to produce HIFU systems, which led to decrease in supply.
Delvens Industry Expert's Standpoint
The cosmetic high-intensity focused ultrasound (HIFU) systems market is expected to grow during the forecast period. This growth can be attributed to various factors. HIFU is a non-invasive cosmetic procedure that is used to tighten skin, reduce wrinkles, and remove fat. It is a safe and effective alternative to surgery because of which it is becoming increasingly popular among consumers. Moreover, increasing disposable income and growing awareness about HIFU technology are also allowing the growth of the market. However, the high cost of these procedures might hamper the growth of the market during the forecast period.
Key Findings
• Based on type, the market is segmented into portable and fixed. The portable segment dominated the market in this segment. This can be attributed to increasing minimally invasive procedures, increasing disposable income, and technological advancements in cosmetic HIFU systems. Moreover, the ease of use of portable cosmetic HIFU systems led to increase in their demand.
• Based on application, the market is segmented into skin & facial rejuvenation, wrinkle & acne removal, fat reduction and others. The skin & facial rejuvenation dominated the market in this segment. This growth can be attributed to increasing adoption of minimally invasive treatments for skin & facial rejuvenation by the population in developing and developed nations. Moreover, HIFU systems help tackling issues such as the appearance of wrinkles, fine lines, sagging skin, and other aging signs.
• Based on end user, the market is bifurcated into dermatology clinics, medical spas, and home care. Dermatology clinics dominated the market in this segment. This can be attributed to factors such as the growing number of dermatology clinics worldwide and increasing number of people opting for these treatments. Moreover, the use of specialized equipment by dermatologists helps in safe and effective targeted skin therapy.
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period. This is because, in North America, there is an increase in the number of people undergoing cosmetic surgeries along with increased awareness about aesthetic procedures.
Cosmetic High-Intensity Focused Ultrasound (HIFU) System Market Regional Analysis
North America to Dominate the Market
• North America is estimated to account for the largest market share during the forecast period. Increasing number of people opting for cosmetic surgeries along with increasing awareness about aesthetic procedures is fuelling the growth of the market within the region.
• Moreover, the increase in the disposable income of people in expected to drive the growth of the market further during the forecast period.
Cosmetic High-Intensity Focused Ultrasound (HIFU) System Market Competitive Landscape
• Almirall, S.A.
• AMT Engineering
• Beijing HONKON Technologies Co., Ltd.
• CHUNGWOO
• Classys
• Eunsung
• GTG Wellness
• Guangzhou Beautylife Electronic Technology Co., Ltd.
• Hironic Co., Ltd.
• Korust
• Lutronic Corporation
• Merz Aesthetics
• PrettyLasers
• Shanghai Fosun Pharmaceutical (Group) Co., Ltd.
• Sincoheren
• Sonablate HIFU
• Syneron Candela
• Ulthera
• WONTECH
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Cosmetic High-Intensity Focused Ultrasound (HIFU) System Market Recent Developments
• In June 2022, Hironic announced Silkro, a radio frequency solution that causes coagulation of cells and relieves pain.
• In 2022, Tentech Inc., launched the first 2-line HIFU, 10THERA, which provides a fast and powerful non-invasive facial treatment that scores high with patients and practitioners alike.
Reasons to Acquire in the Cosmetic High-Intensity Focused Ultrasound (HIFU) System Market
• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
• Gain authentic and granular data access for the Cosmetic High-Intensity Focused Ultrasound (HIFU) System Market to understand the trends and the factors involved in changing market situations.
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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Frequently Asked Questions
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