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InMode makes medical devices that doctors and clinics use to perform cosmetic treatments like fat removal, skin tightening, and hair removal.
InMode sells machines that let doctors do cosmetic procedures with less cutting, less downtime, and less risk than traditional surgery. A dermatologist or plastic surgeon buys an InMode device, and then uses it on patients who want a tighter jawline, less belly fat, or smoother skin. The company's main platforms, like its radio-frequency and laser-based systems, are designed to be used in a doctor's office rather than a hospital operating room.
The business makes most of its money by selling the machines themselves, plus the disposable parts and accessories that go with each treatment. That second piece matters: every time a clinic performs a procedure, it needs fresh single-use items, which keeps money coming in after the initial sale. InMode also runs training programs for doctors, which helps sell new machines and keeps existing customers loyal to its brand. InMode is based in Israel and sells around the world, with the United States as its biggest market. It went public on Nasdaq in 2019 and grew fast during the aesthetic-treatment boom. But the business is cyclical and sensitive to consumer spending: when people tighten their budgets, elective cosmetic procedures are one of the first things they skip. In recent years, that has hit InMode hard, with revenue falling as clinics worked through inventory and demand cooled, and the stock lost most of its value from its pandemic-era peak.
The company is profitable and generates real cash, and it has used some of that money to buy back its own shares. Its challenge is straightforward: it depends on people choosing to spend their own money on looking better, and on doctors believing a new machine will pay for itself. Competitors include larger aesthetic-device makers, but InMode's pitch is that its technology offers good results with less recovery time, which is exactly what a busy clinic and a busy patient both want.
Saved answer 路 last researched 15 Nov 2026