Global Radio Frequency Beauty Equipment market analysis
To achieve combination of desiccation and protein coagulation of biological tissues, the RF or radio frequency beauty devices are used by virtue of alternating current to enhance intra-cellular temperature. These devices are used in carrying-out procedures such as desiccation, tissue ablation, fulguration, and coagulation. In the tissue of biological cells, electromagnetic energy is converted into kinetic energy in these procedures. For achieving the desired effect, this kinetic energy is again converted into thermal energy.
In 2018, the global radio frequency beauty equipment market is projected to have a valuation of US$ 191.0 million and is anticipated to attain a valuation of US$ 742.7 million by 2027.
Rising awareness of aesthetics among the population is expected to boost growth of the global radio frequency beauty equipment market during the forecast period. The focus of the key players on adopting newer marketing strategies such as celebrities endorsing various treatments and media advertisements, are the factors that are creating awareness among the population.
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Furthermore, rising incidences of obesity are enhancing the demand for non-invasive RF liposuction treatments, thus augment growth of the global radio frequency beauty equipment market. As per the MedAlertHelp.org, around 1.9 billion adults were reported to be overweight globally.
In 2018, the North American region held a dominating position in the global radio frequency beauty equipment market, contributing about 33.7% of market share, which was followed by Asia Pacific.
The market’s development is projected to be affected by the side effects associated with RF beauty procedures. Post-treatment erythema, burns, and blisters on the skin are some of the side effects of RF beauty treatment. While the majority of the treatment’s side effects fade away easily, depending on the skin’s texture and pigmentation, others can cause severe complications.
Furthermore, the absence of skilled professionals is expected to stymie growth of the global radio frequency beauty equipment market. Untrained professionals can cause adverse effects on the skin of the end user during RF treatment. According to provisional estimates from the Competition Commission of South Africa’s health industry inquiry published in July 2018, the median annual average of doctors per 1,000 patients in the private sector was 1.75 between 2010 and 2014.
The high prevalence of different types of skin disorders is projected to provide attractive growth prospects for market players. According to the Global Polaris Atlas Annual Report 2018-2019, the annual occurrence rate of psoriasis in 2017 was 280 per 100,000 person-years, and the disease’s prevalence was on the rise (from 2.5 percent in 2011 to 3.9 percent in 2017).
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Furthermore, rising medical tourism in developing markets is projected to boost business growth. According to a January 2019 release from the India Brand Equity Base, the estimated International Tourist Arrivals (FTAs) in India for medical reasons in 2015, 2016, and 2017 were 2,33,918, 4,27,014, and 4,95,056 respectively.
The global radio frequency beauty equipment market’s trolley mounted products segment was worth US$ 103.9 million in 2018, and is projected to grow at a CAGR of 14.0 percent to US$ 359.4 million by 2027.
In home care environments, there is a high market for portable/handheld equipment. This is due to the low cost and ease of hair loss and skin rejuvenation therapy. The most popular home use devices are RF skin tightening devices. The Tria age-defying laser is a non-ablative fractional laser that has been FDA-cleared for home use. It emits light beams that attack cells deep inside the skin to promote collagen production while avoiding damage to the surface.
Dermatology service providers in low-income countries such as India, Thailand, Malaysia, and Vietnam sell chemical peels and assorted creams and lotions for facial rejuvenation. Botulinum type-A neurotoxins are preferred in Japan, the United States, the United Kingdom, and the United Arab Emirates.
- The U.S. FDA classifies RF devices for scar management as class 1 device, which is considered the safest classification and does not require prescription and certification outside the U.S. The device is exempt from the premarket notification procedures.
- Scar sheets are subject to general controls such as good manufacturing techniques, manufacturer’s registration with the FDA, proper branding and labelling, and general reporting procedures
- According to FDA, in case of combination product, the manufacturers of electronic radiation emitting products that are sold in the U.S. are expected to comply to the Federal Food, Drug and Cosmetic Act (FFDCA), Chapter V, Subchapter C – Electronic Product Radiation Control guidelines
Key companies contributing in the global radio frequency beauty equipment market are Syneron Medical Ltd., InMode Ltd., Cymedics, Cynosure, Inc., Alma Lasers, Venus Concepts, SharpLight Technologies Ltd., Lumenis, Guangzhou Beautylife Electronic Technology Co., IBRAMED, and Valeant Pharmaceutical International, Inc.
To broaden their product range, major market players are focusing on product acceptance and launch. InMode Ltd., for example, won Health Canada certification for AccuTite, a minimally invasive device that provides RF heating, in October 2019.
The market’s major players are also focusing on M&A tactics to broaden their product range. Alma Lasers, for example, acquired Medical Nova, an aesthetic distributor of technology-based products in Israel, in December 2018.
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