Multi Application Platform Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Multi Application Platform Market: By Geography (North America, Europe, Middle East and Africa, Asia Pacific & South America)

 

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Report

Description

The multi applications platform market is estimated to be valued at USD 132.8 million in 2021, and it is expanded to grow at a significant CAGR of 16.9% over 2022-2028. Acceptance of energy-based devices in aesthetic procedures is continuously gaining momentum, as these devices enable practitioners to perform procedures at faster rate coupled with improved safety and made medical aesthetic procedures much more accessible to patients. Laser technology, intense pulsed light (IPL) technology, radiofrequency (RF), and ultrasound, are majorly deployed in energy-based devices. These devices are used to treat wide variety of aesthetic applications like wrinkle reduction, pigment & vascular lesions, hair removal, scar, and acne, among others. Increasing acceptance of such energy-based devices for aesthetic procedures is major due to the following advantages or key benefits offered by these devices. RF based devices enhance body’s natural production of collagen and elastin fibers. RF also rejuvenates the appearance of lax skin. In addition, RF technology deliver energy at safe and comfortably deep below the skin’s surface. These benefits support the acceptance of RF based devices to treat wrinkle reduction, body contouring, skin tone preservation, and among others. Furthermore, certain RF devices are designed with tiny pins to safely deliver heat and enhances skin resurfacing procedures, and this can be useful for acne-scar reduction. Considering these parameters like, growing baby boomers population and other age groups, like millennials & younger generations, growing awareness among population, and growing spending among population on aesthetic procedures are creating lucrative opportunities for aesthetic treatment solutions, including multi-application platform and picosecond laser devices.

 

Recent Market Developments:

In Jun 2020, Cynosure Launched Elite iQ Aesthetic Workstation For Laser Hair Removal and Skin Revitalization in the United States, Europe and Australia. The Elite iQ device not only provides personalized hair removal treatments, but also allows practitioners to perform the most requested aesthetic treatments to both revitalize and treat common skin concerns such as unwanted hair, facial and leg veins, sun damage, facial wrinkles, and razor bumps, all without surgery, using a single device.

In Mar 2020, Cocoon Medical announced the US introduction of its Primelase diode laser platform. The Primelase device provides aestheticians with various benefits, the most notable of which being the speed with which it can treat hair on all skin types and the capacity to treat leftover hair that other technologies cannot.

Multi Application Platform Market

MARKET SUMMARY
-
16.9%
  • Study Period– 2022 – 2028
  • Base Year– 2021 (with COVID-19 Imapact)
  • CAGR– 16.9%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North-America

Multi Application Platform Market

  • The global multi-application platform market report gives a comprehensive outlook on Multi Application platforms across the globe with special emphasis on key regions such as North America, Europe, Middle-East & Africa (EMEA), Asia Pacific, Australia & New Zealand (ANZ), and Latin America (LATAM).
  • The report gives historical, current, and future market sizes in terms of value (US$ Mn) and volume (unit sales).
  • Key stakeholders of the report include suppliers, manufacturers, marketers, policy makers, practitioners and service providers engaged in global multi-application platform products.
Key Players
  • Asclepion
  • Cynosure
  • Alma Lasers
  • Cocoon Medical
  • InMode
Multi Application Platform Market

Dynamics

The global multi applications platform market is mainly driven by the technological advancements. Advances in energy-based device technologies are also driving the market. Aesthetic practitioners are increasing looking to acquire multi- functional energy-based devices to treat a variety of indications using a single platform and advanced laser technologies. Such demand created pressure on manufacturers to introduce technologically advanced devices Products from different companies have been made available with incorporation of advanced technologies. High treatment cost and alternative therapies are hampering the market.


North-America got significant share

Multi Application Platform Market

North America Multi Applications Platform market held the highest market share of XX % in 2021. Major share of North America region is majorly contributed to growing demand for hair removal, tattoo removal, and pigmented lesion procedures and existence of global players with their strong focus in promoting their products in this region. Furthermore, soon, APAC and Europe countries are projected to provide profitable chances for the multi-application platform.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Multi Application Platform Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The multi applications platform market is projected to expand at a CAGR of 16.9% during the forecast period.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

Asclepion Laser Technologies GmbH, Cynosure, Cocoon Medical, Alma Lasers, Quanta System


Report

Company Profile

  • Asclepion Laser Technologies GmbH
  • Cynosure
  • Cocoon Medical
  • Alma Lasers
  • Quanta System

Description

The multi applications platform market is estimated to be valued at USD 132.8 million in 2021, and it is expanded to grow at a significant CAGR of 16.9% over 2022-2028. Acceptance of energy-based devices in aesthetic procedures is continuously gaining momentum, as these devices enable practitioners to perform procedures at faster rate coupled with improved safety and made medical aesthetic procedures much more accessible to patients. Laser technology, intense pulsed light (IPL) technology, radiofrequency (RF), and ultrasound, are majorly deployed in energy-based devices. These devices are used to treat wide variety of aesthetic applications like wrinkle reduction, pigment & vascular lesions, hair removal, scar, and acne, among others. Increasing acceptance of such energy-based devices for aesthetic procedures is major due to the following advantages or key benefits offered by these devices. RF based devices enhance body’s natural production of collagen and elastin fibers. RF also rejuvenates the appearance of lax skin. In addition, RF technology deliver energy at safe and comfortably deep below the skin’s surface. These benefits support the acceptance of RF based devices to treat wrinkle reduction, body contouring, skin tone preservation, and among others. Furthermore, certain RF devices are designed with tiny pins to safely deliver heat and enhances skin resurfacing procedures, and this can be useful for acne-scar reduction. Considering these parameters like, growing baby boomers population and other age groups, like millennials & younger generations, growing awareness among population, and growing spending among population on aesthetic procedures are creating lucrative opportunities for aesthetic treatment solutions, including multi-application platform and picosecond laser devices.

 

Recent Market Developments:

In Jun 2020, Cynosure Launched Elite iQ Aesthetic Workstation For Laser Hair Removal and Skin Revitalization in the United States, Europe and Australia. The Elite iQ device not only provides personalized hair removal treatments, but also allows practitioners to perform the most requested aesthetic treatments to both revitalize and treat common skin concerns such as unwanted hair, facial and leg veins, sun damage, facial wrinkles, and razor bumps, all without surgery, using a single device.

In Mar 2020, Cocoon Medical announced the US introduction of its Primelase diode laser platform. The Primelase device provides aestheticians with various benefits, the most notable of which being the speed with which it can treat hair on all skin types and the capacity to treat leftover hair that other technologies cannot.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX