Robust growth in skin treatment segment anticipated to drive the global radio frequency beauty equipment market in the next 10 years
When our analysts were deducing the revenue split of the global radio frequency beauty equipment market, it was observed that the skin treatment segment is expected to hold a market share of more than 30 % of the global radio frequency beauty equipment market. Skin treatment application segment is projected to register a healthy growth rate. The skin treatment application segment is estimated to reach more than US$ 50 Mn by 2016 end and is estimated to be valued at approximately US$ 225 Mn by 2026 end, expanding at a CAGR of 16.0% during the forecast period. Radio frequency skin treatment procedures include skin reconstruction, scar removal, non-surgical skin tightening and facial repair. For these procedures, radio frequency devices with different technologies namely monopolar RF, bipolar RF, multipolar RF and combination technologies are used.
Increasing prevalence of skin diseases likely to create a positive impact on the global radio frequency beauty equipment market
Growing prevalence of skin problems leads to scarring. Acne is the most common skin problem in the U.S., affecting over 50 million people annually. Acne causes significant physical changes including permanent scarring. Around 85% of people between the age group of 12 and 24 suffer from acne. The commonly used non-invasive treatments for acne scarring are microdermabrasion and laser resurfacing. A rising prevalence of skin problems is driving the growth of the global radio frequency beauty equipment market. Factors such as faster results, cost-effective treatments, and fewer post procedural complications as compared to conventional methods are boosting the skin treatment segment of the global radio frequency beauty equipment market. One more factor driving the growth of this segment is easy availability of products for skin treatments across the globe.
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- Facial repair is one of the highest revenue generating sub segment of the skin treatment segment in the global radio frequency beauty equipment market
- Skin treatment application segment is expected to be the second most attractive segment in the global radio frequency beauty equipment market over the projected period
- Increasing number of beauty care centres is the result of a growing population that prefers professional skin treatments with the use of various beauty equipment
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Skin treatment segment anticipated to achieve more than 20% CAGR in APEJ region
Although the body contouring segment is forecast to be the most attractive segment in the global radio frequency beauty equipment market, the skin treatment segment is anticipated to achieve a healthy CAGR in APEJ, Latin America and North America. Particularly in APEJ, the skin treatment segment is expanding at a CAGR of more than 20% followed by Latin and North America with more than 18% and 16% CAGRs respectively. Increasing demand for skin reconstruction, scar removal, skin tightening and facial repair is the reason for the better prospects of the segment in these regions. Facial repair is one of the highest revenue generating sub segment of the skin treatment segment in the global radio frequency beauty equipment market. Microneedling Radiofrequency (MNRF) is one of the most innovative skin treatment procedures gaining adoption among specialists in developed markets such as the U.S. This method does not damage the epidermis and micro-needles have depth varying from 0.5 mm to 3.5 mm, allowing selective targeting of different layers of the dermis discretely. The process being safer across all skin colours, is gaining wide acceptance among patients. Experts note that the needling method could provide close to 100% results in wrinkle and laxity reduction, which is approximately 40% of the effects produced by surgery. Another innovative method gaining adoption is Fractional High Intensity Focused Radiofrequency (HIFR) for treating mild to moderate laxity in regions of lower face and neck. Although photographic assessment and quantitative validation of these methods for documentation purposes is currently underway, there are substantial discussions on the same among experts belonging to renowned organisations such as American Society for Laser Medicine and Surgery.