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The aesthetic lasers and energy devices market size is projected to grow by USD 2.37 billion at a CAGR of 10.87% from 2023 to 2028. These devices are used for non-invasive cosmetic procedures, catering to a rising demand among the elderly population for maintaining youthful appearances and improving quality of life. Market growth is driven by increasing global awareness of medical aesthetics, technological advancements in dermatology, and consumer preference for minimally invasive treatments with natural-looking results and shorter recovery times.Sun damage skin and its effects on aging skin physiology are significant concerns addressed by the beauty industries through various medical devices, aesthetic devices, and medical procedures.
Acne scars, age spots, and vascular lesions are treated using advanced technologies in dermatology. Unwanted hair removal is facilitated by laser-based devices, while wrinkled skin benefits from treatments targeting skin defects and facial rejuvenation. The influence of social media drives awareness and trends in skincare, emphasizing the importance of effective solutions for sun damage repair and prevention. As innovations in cosmetic dermatology evolve, procedures like laser therapy for vascular lesions and photoaging continue to refine outcomes in skin rejuvenation. The intersection of medical aesthetics and technological advancements underscores the beauty industry's commitment to combating signs of aging and enhancing skin health, catering to diverse aesthetic concerns with precision and efficacy.
The growing geriatric population is the key factor driving the growth of the market. Aging directly affects the skin by destroying skin cells, resulting in facial lines and wrinkles. As the body ages, the immune system recedes, causing rough skin, lesions, and bruising. In addition, there is a loss of elastic tissue, elastin, in the skin, which causes the skin to become loose. Therefore, facial treatments such as skin tightening and aesthetic lasers are necessary.
Moreover, collaboration between healthcare providers and physicians has resulted in numerous innovations that continue to expand treatment options for a large portion of the aging population. As the growth of each product is dependent on the growth of its target users, the growth of the medical aesthetic solutions will be driven by the rising geriatric population, driving the growth of the market during the forecast period.
Opportunities for growth in the male aesthetics market are the primary trend. The growth of the male aesthetic market can be attributed to men opting for non-surgical cosmetic procedures to achieve healthy and youthful skin. Nonsurgical cosmetic skin tightening procedures are needed in men to prevent conditions such as sagging skin around the neck and excess skin on the upper eyelids, known as Turkey neck. For example, Ul Therapy for men is Merz Pharma's latest skin tightening treatment. It features ultrasound technology that detects, targets, lifts, and tightens sagging tissue in men and stimulates collagen growth.
Moreover, consequently, the benefits delivered by non-invasive procedures have raised aesthetic preference and acceptance in men, contributing to the revenue of the global aesthetic laser and energy devices market. Therefore, the global market is expected to witness high growth during the forecast period.
Stringent regulations for approval are the challenges that affect the growth of the market. Several regulatory agencies have introduced strict regulations on the approval of energy-based non-invasive aesthetic medicine systems. In Europe, the European Committee for Standardization (CEN) has introduced strict regulations for aesthetic non-surgical medical treatments. CE marking (European Conformity) is also required for the marketing of medical products in this region.
Furthermore, in Australia, owing to the growing demand for energy-based aesthetic medicine such as lasers, RF, and ultrasound, several national regulatory bodies have issued strict regulations to ensure patient safety. Compliance with such stringent regulations poses a challenge for aesthetic laser and energy device suppliers and may adversely impede the growth of the market during the forecast period.
The market growth analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth and forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market share growth by the laser segment will be significant during the forecast period. Laser-based aesthetic devices are used to treat skin and body conditions with minimal or non-invasive techniques. Laser aesthetic devices treat the inner layers of the skin with intense, high-energy, single-colored light, focused beams, or thermal energy. Applications in which cosmetic laser devices are widely used include skin rejuvenation, removal of scars, hair, tattoos, and pigmented lesions, varicose vein treatment, and fat reduction.
The laser segment was valued at USD 1.37 billion in 2018. There are several market players who are offering laser-based devices such as Bausch Health Companies, Cutera, and El.En. Spa, Fosun International, Hologic, Lumenis Ltd., Lutronic Corp., Lynton Lasers Ltd, Sciton Inc, and Syneron Medical Ltd. Increasing adoption of minimally or non-invasive procedures worldwide, increasing people's disposable income, and the growing prevalence of obesity across the globe raised the potential for the growth in advanced equipment and modernized aesthetic clinics. This is expected to boost the growth of the focus market growth and trends during the forecast period.
Asia is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. Another region offering significant growth opportunities to vendors is North America. Growing awareness and acceptance of non-invasive aesthetic medicine, the presence of advanced medical infrastructure and experienced medical professionals in North America, and the availability of advanced diagnostic techniques are driving the growth of the market in this region during the forecast period. expected to promote.
Moreover, the presence of major suppliers such as Bausch Health Companies, Cutera, Hologic, Sciton, and Syneron Medical, focusing on providing innovative non-invasive aesthetic devices, is driving the growth of the North American market. Hence, the presence of prominent market players in the region and the growing number of approvals of non-invasive skin tightening systems by the US FDA are driving the growth of the market in the region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
AbbVie Inc.: The company offers aesthetic lasers and energy devices under the brand Allergen.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The field of medical aesthetics addresses a wide array of concerns related to skin health and appearance, including sun-damaged skin, ageing skin and products, and various dermatological conditions. Advances in non-invasive devices and minimally invasive devices have revolutionized treatments, offering options such as dermatology laser resurfacing, body contouring, and hair removal. Fully automated aesthetic devices incorporating light-based, intense pulsed light services, and energy-based technology provide effective solutions for scar removal, skin resurfacing, and facial rejuvenation. These innovations are supported by teledermatology and practiced in dermatological and aesthetic clinics, cosmetic surgery centers, and multi-specialty centers. The sector's growth is driven by increasing healthcare expenditure and consumer interest, amplified by social media's influence on personal care trends and expectations. With a focus on skin rejuvenation and addressing cosmetic concerns like wrinkles and facial veins, medical aesthetics continues to expand, catering to diverse needs from photoaging to tattoo removal and enhancing both physical appearance and self-confidence.
Moreover, In the realm of dermatological practice and aesthetic practice, advancements in laser resurfacing devices and body contouring devices are revolutionizing skin treatments and body shaping procedures. Laser-based technology and light-based technology play pivotal roles in scar removal and skin resurfacing, catering to diverse needs in skin rejuvenation and treating conditions like acne scars, age spots, and vascular lesions. The integration of radiofrequency in treatments such as cellulite reduction and skin tightening underscores the medical procedures offered in cosmetic surgery centers, dermatology clinics, and ambulatory surgery centers. These facilities leverage medical devices and personal protective equipment to ensure patient safety and optimal outcomes in minimally invasive aesthetic procedures. With a focus on aging skin and addressing wrinkled skin concerns, these advancements in energy-based technology and handheld devices are enhancing the beauty industries' ability to address skin defects and achieve desired cosmetic results.
Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.87% |
Market growth 2024-2028 |
USD 2.37 billion |
Market structure |
USD Fragmented |
YoY growth 2023-2024(%) |
9.53 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
Asia at 32% |
Key countries |
US, China, Germany, UK, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AbbVie Inc., Aerolase Corp., Alma Lasers Ltd., Bausch Health Companies Inc., Candela Corp., Cutera Inc., El.En. S.p.A., Energist Ltd., Fotona d.o.o, Hologic Inc., Johnson and Johnson Services Inc., Lumenis Be Ltd., Lutronic Inc., Lynton Lasers Ltd., Merz Pharma GmbH and Co KGaA, Photomedex Inc., Sciton Inc., Shanghai Fosun Pharmaceutical Group Co. Ltd., Venus Concept Inc., and Zensar Technologies Inc. |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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