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Aesthetic Lasers Market Share, Size, Trends, Industry Analysis Report, By Product (Multiplatform Laser Devices, Standalone Laser Device, Others); By Application; By End-Use; Segment Forecast, 2022 - 2030

  • Published Date: Sep 2022
  • Pages: 112
  • Format: PDF
  • Report ID: PM1243
  • Base Year: 2021
  • Historical Data: 2018-2020

Report Summary

The global aesthetic lasers market was valued at USD 968.60 Million in 2021 and is expected to grow at a CAGR of 16.5% during the forecast period. The rising interest in laser therapies is attributed in part to an increase in consumer appreciation for personal aesthetics. Because conventional at-home remedies were frequently time-consuming and inconvenient, customers appreciate that procedures like laser hair removal are a permanent answer to their cosmetic problems. The past few years have also seen the introduction of new laser technologies, offering dermatologists, plastic surgeons, and laser experts a wider range of treatment options to offer their patients.

Aesthetic Lasers Market Size
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In addition, the growing acceptance of radiofrequency-based treatments is boosting the marketplace for aesthetic lasers. In addition to being totally non-invasive, radiofrequency-based devices like Candela Medical's PicoWay use a picosecond laser platform to produce intensely short, high-peak-power pulses that have a photoacoustic impact. The system can cure pigmented lesions, tattoo removal, and skin renewal and toning.

In recent years, there has been an increase in the desire for minimally invasive procedures. Compared to invasive surgeries, these procedures have benefits such smaller incisions, faster wound healing, less pain, less surgical wounds, and a lower risk of problems. Additionally, the effectiveness and outcomes of the current minimally invasive surgical procedures are comparable to those of traditional surgical procedures. According to the International Society of Aesthetic Plastic Surgery (ISAPS), approximately 1,837,052 hair removal treatments and 517,675 Photo Rejuvenation were performed.

The market for aesthetic lasers and energy devices is suffering as patients with COVID-19-related illnesses have taken precedence over conventional medical care, which has resulted in the suspension of such services. As a result, laser, light-based, and powerful pulsed light clinics have not been accessible for treatment. As the rate of COVID-19 infection falls, the entire government has issued directives to reduce the lockdown gradually and gently. As a result, a number of countries are allowing the safe restoration of energy-based services like lasers and lights.

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Industry Dynamics

Growth Drivers
People in advanced and emerging economies are becoming more obese as a result of sedentary lifestyles, prompting them to seek body restructure or reshaping treatments. Lasers' rapid and least intrusive actions are luring individuals to undertake various aesthetic operations. This is among the key factors that will probably increase demand for aesthetic lasers. The Centers for Disease Control and Prevention predict that over the years 2017 – March 2020 41.9% in of American adults were obese.

One of the factors contributing to the increased use of aesthetic lasers for therapy is the rising prevalence of skin illnesses or skin ailments like rosacea and others. Therefore, it is boosting the demand for energy-based aesthetic lasers with minimally invasive procedures. For instance, according to a study by The British Journal of Dermatology, 2.39% of dermatology patients worldwide and 5.46% of the general population were estimated to have rosacea, respectively. Numerous reasons, including the increased prevalence of obesity and the rise in skin diseases, are expected to increase demand for aesthetic lasers and, consequently, propel the expansion of the aesthetic lasers market.

Report Segmentation

The market is primarily segmented based on Types, Treatment, Types of Cell, and region.

By Product

By Application

By End-Use

By Region

  • Multiplatform Laser Devices
  • Standalone Laser Device
  • Other
  • IPL Laser Treatment
  • Laser Skin Resurfacing
  • Non-invasive Tightening
  • Laser-Assisted Lipo-plasty
  • Laser Hair Removal
  • Hospitals
  • Ambulatory Surgery Centres
  • Dermatology Clinics
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Multiplatform lasers segment accounted for the largest share in 2021

Multiplatform lasers accounted for the largest revenue share and is expected to retain its dominance over the study period. The factors include the availability of treatment addressing several parts of any indication, the flexibility and variety of several standalone systems in a single package, and scalable and upgradeable hybrid systems.

The Q switching KTP/YAG multiplatform is utilised for both tattoo pigmentation and removal. Due to the fact that each person's skin may respond differently to hair removal treatments, aesthetic lasers can be used to remove hair from any part of the body for a longer period of time. In addition to treating skin laxity, wrinkles, and hyperpigmentation, the non-surgical skin therapy focuses primarily on skin tightening.

Non-invasive tightening segment is expected to expand at the fastest rate

The application segment is broken down into IPL laser treatment, re-surfacing, skin tightening, lipo-plasty, and hair removal. Both the young and the old have been impacted by the expanding baby boomer generation and the growing influence of social media. Skin tightening and resurfacing operations are chosen by the elderly population.

The segment with the highest anticipated CAGR is laser skin resurfacing. This is due to the fact that one of the most popular skin rejuvenation procedures right now is laser resurfacing. Skin rejuvenation commonly treats issues like wrinkles, acne scars, face pigmentation, vascular issues, and pale skin.

During the forecast period, the laser hair removal and laser tattoo removal segments will both experience significant growth. Around 757,808 laser hair removal operations and 199,945 laser tattoo removal procedures were carried out in the United States, according to the 2020 Plastic Surgery Statistics Report, making them some of the most popular non-surgical procedures.

Additionally, the market is being driven by the availability of small and portable systems. A further factor driving category expansion is the introduction of system components that may be upgraded with a cutting-edge user interface without altering the entire device.

Private clinic segment is expected to hold a significant revenue share

The market share expected to be dominated by Private Clinics with XX%. Patients' preferences for minimally invasive cosmetic operations are growing, there are more private clinics and surgeons offering these treatments, and people are becoming more aware of the advantages of various aesthetic procedures.

Over the duration of the forecast period, this is expected to fuel the segment for Private clinics' expansion. One of the key factors fueling the market expansion for aesthetic lasers is the rise in the number of skin conditions.

The demand for procedure-specific cosmetic lasers is expected to increase due to causes including the growth of the cosmetic business and a population that is becoming more conscious of their physical appearance. It is anticipated that more people would undertake minimally invasive cosmetic operations as a result.

The demand in North America is expected to witness significant growth

In 2021, North America had the biggest market share, accounting for XX % of the total. North America accounted for a sizeable portion of the market in 2021 due to the region's high concentration of skilled specialists and widespread public knowledge of the development of aesthetic procedures.

The market is primarily supported by the introduction of cutting-edge technologies and significant research and development expenditures made by industry participants to enhance and enhance the present technology and make it safer and more efficient.

Other factors driving market expansion in North America include an increasing number of surgeons in the region, rising consumer buying power, and an increase in research efforts in the domain. Additionally, it is anticipated that rising attempts to promote non-invasive aesthetic procedures and rising use of current technology would have an impact on market expansion in the area.

Competitive Insight

Some of the major players operating in the global market include Lumenis, Candela Corporation, Cynosure, Ellex Aesthetic Lasers, Cutera, Alma Lasers, Aerolase, Solta Medical, Lutronic Lynton Lasers, Viora and Sciton.

Recent Developments

Allergan Aesthetics announced the effective conclusion of its acquisition of Soliton, Inc. in December 2021. Also granted 510(k) clearance by the US Food and Drug Administration (FDA) for long-term improvement was the product RESONICTM.

The first and only device combining three potent energy sources to produce unmatched results, Alma Hybrid, was introduced by Alma Lasers in October 2020.

Cynosure introduced the Elite iQ platform in the markets of the United States, Europe, and Australia in June 2020. It is a laser hair removal and skin resurfacing aesthetic workstation. This website provides individualised laser hair removal treatments that eliminate unwanted hair permanently for all skin types.

Aesthetic Lasers Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 968.60 million

Revenue forecast in 2030

USD 3,804.74 million

CAGR

16.5% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million and CAGR from 2022 to 2030

Segments covered

By product type, by application, by end user and by region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Lumenis, Candela Corporation, Cynosure, Ellex Aesthetic Lasers, Cutera, Alma Lasers, Aerolase, Solta Medical, Lutronic Lynton Lasers, Viora and Sciton.

Key Take-Away
Polaris Market Research
Global Aesthetic Lasers Market Size Report, 2022 - 2030