The dominant generation of millennials has a higher demand for similar services.

Increasing demand for rejuvenation services as a result of increasing ageing in advanced economies. These are the key factors for expanding the target market: Markets&Research predicts that more than 100 million cosmetic procedures and surgeries will be performed by 2021.Īesthetic medicine market growth rate region-wise until 2028. Markets&Research estimates that the global market for aesthetic equipment will reach $12 billion by 2021, and $25 billion by 2028. Let's now take a closer look into the target market of the issuer.Ĭandela Medical, Inc.'s market share and competitionĮxperts believe the aesthetic market is growing rapidly. Candela's customer retention rate of 48% is significantly higher than that of its competitors. The company's equipment was used in 70 clinical trials.Ĭandela had sold 45 000 devices to 16000 clients worldwide as of the 30th June 2021.

More than 130 patents have been registered by the company, and 55 others are currently in development. It also created more than 80 unique tools. There are many uses for the company's products, including devices for laser microsurgery, dermatological platforms and Nordlys Multi-Application which can be used to treat different types of non-cancerous vascular injuries.Ĭandela was a company that had four mergers with Primaeva Medical and TransPharma Medical. is now the largest supplier of devices for aesthetic medicine. Candela currently employs nearly 900 people.Ĭandela Medical, Inc. Candela was founded in 1970, with headquarters in Marlborough (Massachusetts). This company has a long-standing business reputation. Today's article will discuss whether Candela shares might be of interest to investors. Although shares of the company will begin trading on the following day (the ticker symbol 'CDLA'), the IPO date has not been disclosed. The technology and equipment for various dermatological procedures and plastic surgery have also advanced.Ĭandela Medical, Inc., a leading supplier of equipment in aesthetic medicine, plans an IPO at NASDAQ. This field of medicine has seen rapid growth in America and Western Europe since the 1960s. Today, with the advancement of aesthetic medicine, there are more chances to succeed. Human nature is to strive for better appearances and looks.

Candela medical uses