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Candela Corporation

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Candela Corporation - Healthcare showcase

Year Founded & Workforce

1970

1,000 Employees

Industry

Healthcare

Services

Acne TreatmentRF Microneedling
C

Candela Corporation Employee Contacts

9 verified contactsNames, job titles, seniority and locations

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Candela Corporation Overview

Company Headquarters: Massachusetts, US

Founded: 1970

Workforce: ~500-1000

Company Working: Candela Corporation is a global aesthetic medical device company which produces and distribute advance medical aesthetic solutions. The company advance technological products enable medical professionals to offer advanced energy-based solutions for a wide range of medical aesthetic application such as facial resurfacing, scars, benign vascular and pigmented lesions, hair removal, wrinkle reduction, and others. The company has extensive worldwide commercial and supply chain operations. In addition, the company directly distribute its products in 18 countries including US, Western Europe, Japan, China and also distribute indirectly in 66 countries across the globe. The company has strong business presence in North America, Europe, Asia-Pacific, and Rest of the World.

Strategy

Candela Corporation focuses on investing in microneedling product developments and enhancing the customer experience to boost engagement. The company emphasizes expanding manufacturing facilities to develop products as well as continue to improve customer outcomes. It also focuses on acquisitions to address new sectors and maintain its products' innovativeness in all the segments.

Company Snapshot

1,000

Employees

1970

Founded

Massachusetts, US

Headquarters

SWOT Analysis

Strengths

  • Wide geographical presence
  • Strong distribution network
  • Strong expertise in micro needling market
  • Well established R&D facilities
  • Established brand

Weaknesses

  • Limited product portfolio
  • Lawsuits against the company
  • Limited financial capital
  • Highly depended on US market for revenue generation

Opportunities

  • Increasing demand for acne treatment products
  • Increasing demand for RF micro needling products
  • Expanding business distribution network

Threats

  • Lack of therapeutic diversification
  • Intense market competition
  • Currency fluctuation negatively affect the company business
  • Availability of counterfeit products

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Key Developments

DateApproachDevelopment
October 2018ExpansionCandela Corporation expanded its presence in South Korea with the opening of Syneron Candela Korea Co Ltd.
February 2023Product LaunchCandela Corporation received FDA approval for Profound Matrix system. This product notorious uplifting and Sublative RF applicators carry bipolar RF treatments that expand the arrival of fine lines and wrinkles, though the all-new matrix pro applier is designed to renew and build new collagen1,2 with the additional advantage of delivering a noticeable development in general skin appearance and texture.

Product Offering

  • Candela Corporation
    • Acne Treatment
    • RF Microneedling
    • RF Microneedling

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