Energy-Based Therapeutics Market Size, Share, Growth, and Industry Analysis, By Type (Microwave, Radiofrequency, Hydro-Mechanical, Cryotherapy, Thermal and Ultrasound), By Application (Hospital, Beauty Parlor and Domestic), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Energy-Based Therapeutics Market Report Overview

• 

• Request a Free Sample to learn more about this report

global energy-based therapeutics market size was USD 6012.3 million in the year 2022 and market is projected to touch 9488.07 Million by 2031, exhibiting a CAGR of 5.2% during the forecast period.

The energy-based therapeutics is also known as, energy healing. It refers to a broad category of medical treatments that use energy to affect biological tissues in the body. The energy may come from various sources such as lasers, ultrasound, radiofrequency, or electrical currents. These therapies are designed to target specific tissues and can be used for a variety of purposes, including tissue ablation, tissue modification, and tissue stimulation.

These therapeutics, which can be both invasive and non-invasive, are rapidly gaining popularity among the general public around the world.

The energy-based therapeutics market progression can be credited to the upsurge in the demand due to surging popularity of minimally-invasive surgeries. It has grown in popularity recently due to the shorter recovery time and lower risk associated with these procedures. Patients' preferences for minimally invasive surgeries are expected to drive demand for minimally invasive surgical instruments and energy-based therapeutics in the coming years.

COVID-19 Impact: Pandemic led to increase in demand due to its use as medicinal plants for antivirus activities

The effects of the COVID-19 pandemic are already being felt on a global level, the energy-based therapeutics was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. The pandemic had a significant impact on the healthcare as well. The extensive research into drug repurposing and repositioning candidates is encouraged. In addition, several medicinal plants with considerable antivirus activities are potential therapeutic candidates for covid-19 which had a positive impact on the market.

Latest Trends

"Growing trend of physician-owned ambulatory surgical centers to bolster market growth"

Rising trend of physician-owned ambulatory surgical centers known as ASC’s is a key factor for the growth of the market and will create growth opportunities in market. Aside from that, the rising trend of ASCs or physician-owned ambulatory surgical centers is another key factor driving market growth, because the majority of energy based therapeutic procedures do not require hospitalization.

Energy-Based Therapeutics Market SEGMENTATION

• 

• Request a Free Sample to learn more about this report

• By Type

Based on type, the market is divided into microwave, radiofrequency, hydro-mechanical, cryotherapy, thermal and ultrasound.

• By Application

Based on application, the market is divided into hospital, beauty parlor and domestic.

Driving Factors:

"Rising popularity of cosmetic surgeries to bolster product demand"

The rising popularity of cosmetic surgeries is one of the key factors driving market growth. In the healthcare industry, medical advances in aesthetic surgery have popularized the concept of energy-based aesthetic procedures. This is also influenced by the affordability and efficacy of the procedures, as well as the growing preference for non-invasive techniques. Furthermore, energy-based therapies such as laser and radiofrequency are used to treat menopausal genitourinary syndrome in women. These are the certain factors which helps the market to grow.

"Increase prevalence of chronic diseases to offer lucrative opportunities to the market"

Chronic diseases such as cancer, cardiovascular diseases, and musculoskeletal disorders are becoming increasingly common worldwide. Energy-based therapies, such as radiofrequency ablation and cryoablation, are being used to treat these conditions, driving the growth of the market.

"Growing preference for non-pharmacological therapies to augment market growth"

Patients are increasingly preferring non-pharmacological therapies that have fewer side effects and are less invasive. Energy-based therapies are a viable option for many conditions, further driving the growth of the market.

RESTRAINING FACTORS

"High treatment costs and competition from alternative therapies to hinder market progress"

Energy-based therapies can be expensive, especially for patients who do not have insurance coverage. The high costs associated with these therapies can limit their adoption and use. Energy-based therapies face competition from other alternative therapies, such as pharmaceuticals, surgery, and traditional therapies, which can limit their adoption and use.

Energy-Based Therapeutics Market Regional Insight

• 

• Request a Free Sample to learn more about this report

"North America to dominate the market due to the well-established healthcare industry in the region"

North America is estimated to be the fastest-growing region in the overall market over the forecast period, owing to its well establish healthcare infrastructure which enables easy access to energy-based therapeutic devices and procedures. The United States and Canada have high healthcare expenditure, which has led to the development of better healthcare infrastructure and increased access to advanced medical technologies, including energy-based therapeutic devices. 

Asia-Pacific likely to hold the second-largest share in the market owing to the rising preference for minimally invasive surgeries in this region are responsible for the growth of the market in the region.

Key Industry Players

"Market Players to gain mergers and collaborations to grow in the global market"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Johnson & Johnson (U.S.)
• Lumenis (Israel)
• Syneron Medical (U.S.)
• Alcon (Switzerland)
• Alna Medical System (Germany)
• Angiodynamics (U.S.)
• Atricure (U.S.)
• Biolase (California, U.S.)

Report coverage

This report examines an understanding of the global energy-based therapeutics market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.