Enjoy complimentary customisation on priority with our Enterprise License!
The aesthetic lasers market size is estimated to grow by USD 1.26 billion at a CAGR (compound annual growth rate) of 11.94% between 2023 and 2028. Medical aesthetics is a rising trend across the globe as it has evolved as a part of regular treatment among people who want a non-invasive cosmetic treatment for a natural and healthy appearance. Medical aesthetic clinical treatments are now gaining popularity owing to their rapid results in a short duration. Furthermore, market players are contributing to the growth in awareness about medical aesthetics and the use of dermatology lasers by organizing awareness programs about skin diseases. With a global gain in awareness about cosmetic skin care, the number of procedures is increasing, which will drive the growth of the market during the forecast period.
For more highlights about this market report, Download Free Sample
Our segment comprises two primary segments, each with its respective sub-segments for further detailed analysis within specific national markets. Furthermore, our market coverage extends across geographic regions, with comprehensive breakdowns to provide in-depth insights. The aesthetic lasers market is rapidly expanding, driven by advancements in aesthetic devices industry and the increasing demand for minimally invasive procedures. Key applications include treating vascular lesions, performing hair removal procedures, and conducting laser resurfacing for blemishes and skin rejuvenation. Popular technologies such as CO2 laser, ophthalmic lasers, erbium laser, and pulsed dye laser are at the forefront, providing effective solutions for various skin concerns.
Based upon type, the standalone laser devices segment shows significant growth during the forecast period. The standalone laser consists of a laser that is operated on its own and does not need to be integrated into other equipment or devices. Standalone laser devices offer an effective and relatively safer alternative to invasive surgical procedures for various aesthetic treatments, such as hair removal, skin rejuvenation, tattoo removal, and acne treatment.
Get a glance at the market contribution of various segments. Request Free Sample
The standalone laser devices sub-segment was valued at USD 873.35 million in 2018. Advances in laser technology have led to the development of more advanced and versatile standalone devices. These devices are equipped with multiple wavelength options, adjustable settings, and precise targeting capabilities, allowing practitioners to customize treatments based on individual patient needs. Hence, such factors will drive the growth of the market through the standalone laser devices segment during the forecast period.
North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional market trends and drivers that shape aesthetic lasers market growth during the forecast period.
For more insights on the aesthetic lasers market share of various regions, Request Free Sample !
North America is the largest revenue contributor to the market due to the increasing awareness and adoption of non-invasive medical aesthetic treatments in the region. In addition, the US and Canada are the main revenue contributors to the market in North America, mainly due to a continued rise in the geriatric population and the presence of several large players such as Candela Corp. The presence of advanced healthcare infrastructure and experienced healthcare practitioners (HCPs) in North America and the availability of cutting-edge diagnostic techniques will also propel the growth of aesthetic lasers and energy devices during the forecast period.
The market experiences growth in demand, fueled by the aging baby boomer population seeking cosmetic solutions. Key players like Candela Medical offer innovative technologies such as the Picosecond laser platform for various treatments and laser procedures, including hair removal, laser skin resurfacing, and laser-assisted lipoplasty. These lasers effectively target vascular and pigmented lesions, facial wrinkles, and skin irregularities on the face, chest, arms, and hands. With advancements like CO2, Erbium, and Pulsed dye lasers, the market caters to diverse skin conditions and skin types endorsed by renowned organizations like the International Society of Plastic Surgery (ISAPS).
Moreover, the rising popularity of minimally invasive procedures, including cosmetic surgery and intense pulsed light (IPL) treatments, further propels market growth. Leading clinics utilize advanced lasers like Fotona laser and Alexandrite laser for treatments like tattoo removal and skin rejuvenation & toning, ensuring effective solutions for consumers with surplus income. Other notable innovations include Picoway, LaseMD, FraxPro, and Pixel CO2, enhancing the market's offerings for a wide range of aesthetic concerns. This increased demand of hair removal services also has a parallel impact on other related markets like hair removal wax, which are witnessing steady growth. There are multiple factors influencing market growth. Our researchers analyzed the data with 2023 as the base year, along with the key trends and challenges.
Increasing global awareness about medical aesthetics is the key factor driving aesthetic lasers market growth. Medical aesthetics is a growing trend across the world as it has become a part of regular treatment among people who want a non-invasive cosmetic treatment for a natural and healthy appearance. Medical aesthetic clinical treatments are now gaining popularity due to their rapid results in a short duration. For instance, Thermage by Bausch Health is a safe, non-invasive skin tightening procedure that provides smooth, tight, and contoured skin for a naturally young-looking appearance. The procedure uses a device that infuses an RF and has little to no downtime. It may generally only require a single treatment, with results possibly peaking at six months. The whole procedure takes close to an hour, and the patients can return to their daily activities soon after the procedure.
Moreover, companies are contributing to the growth in awareness about medical aesthetics by organizing awareness programs about skin diseases. Such programs are also increasing awareness about their products. Companies are also partnering with renowned celebrities who are sharing their experiences after a minimally invasive procedure. Such endorsements eliminate inhibitions among consumers who are considering the procedures. With a global increase in awareness about skin health, the number of procedures is rising, which will drive the growth of the global aesthetic lasers market during the forecast period.
Opportunities for growth in the male aesthetics industry are the primary trends shaping aesthetic lasers market growth. Opting men for procedures that don't require surgery to get healthier and younger skin can be a driving force behind the development of an industry in facial aesthetics. The demand for non-surgical cosmetic procedures for skin tightening among men is to prevent conditions such as sagging skin around the neck, which is called Turkey neck, and excess skin from the upper eyelids.
Therefore, the advantages provided by non-invasive procedures have raised the level of preference and acceptance of male aesthetics, which is contributing to the revenue generated by the market. Hence, the market is anticipated to witness high growth during the forecast period.
The high cost of aesthetic laser devices is a challenge that affects market growth. In developing countries such as India and China, the adoption of non-surgical skin tightening procedures is lower due to high costs. On average, laser skin tightening costs between USD 450 and USD 2,000 for the entire course of treatment. Numerous factors influence the cost of skin tightening, and each patient will require a skin rejuvenation method that is particularly designed for his or her requirements.
Furthermore, most market players target their products for high-income and upper-middle-class patients. Hence, the inability of middle and lower-middle-class patients to opt for costly non-surgical skin tightening is becoming one of the major challenges that will impede aesthetic lasers market growth and trends during the forecast period.
This aesthetic lasers market research and growth 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 aesthetic lasers market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
In company offerings, we provide an in-depth analysis of 20 top company profiles, along with other valuable insights comprising of:
⢠Company Overviews
⢠Key News and Updates
⢠Products and Services
⢠Market-leading Offerings
⢠Focused Segments
The following are the leading companies in the market. These companies are adopting various strategies, including strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to strengthen their market presence. Collectively, they hold the largest market share and set industry trends.
The global aesthetic laser market experiences exponential growth, propelled by factors like the aging baby boomer population with surplus income and a burgeoning middle class. This demographic trend fuels the demand for cosmetic surgeries and radiofrequency-based treatments, with advanced technologies like Picoway, LaseMD, FraxPro, and Pixel CO2 leading the market. Candela Medical's Stellar M22 addresses various concerns, from pigmented lesions to skin rejuvenation & toning, showcasing technological advancements in the field. With the growing number of aging baby boomers, there is a heightened interest in procedures that address signs of aging and improve skin appearance. Laser hair removal is among the top procedures, utilizing laser diode and other advanced laser systems to achieve long-lasting results. Fractional pulsed dye laser technology is particularly effective for targeted treatments, offering precision and reduced recovery time.
Moreover, the social media exposure contributes to increased aesthetic awareness, driving the demand for anti-aging procedures and minimally invasive treatments over invasive surgeries. With a focus on non-invasive tightening and IPL laser treatment, aesthetic lasers offer solutions for wrinkles, acne scars, facial pigmentation, vascular conditions, and dull skin. The International Society of Aesthetic Plastic Surgery's 2020 plastic surgery statistics report highlights the growing popularity of laser-based interventions for enhancing one's appearance. In addition to dermatological applications, dermatology lasers and aesthetic lasers and energy devices are increasingly used in ophthalmology, including ophthalmic femtosecond lasers and ophthalmic lasers. These versatile technologies enhance both cosmetic and medical treatments, making them integral to the modern aesthetic market. As innovation continues, the aesthetic lasers market is set to grow, providing safer, more efficient, and effective treatments for a variety of cosmetic needs.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
149 |
|
Base year |
2023 |
|
Historic period |
2018 - 2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 11.94% |
|
Market growth 2024-2028 |
USD 1.26 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
11.4 |
|
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
|
Performing market contribution |
North America at 39% |
|
Key countries |
US, Germany, UK, China, and India |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks, Aesthetic Lasers Market Industry Report |
|
Key companies profiled |
Australian Aesthetic Devices Pty Ltd, Bausch Health Companies Inc., Candela Corp., Cutera Inc., Cynosure LLC, DEKA M.E.L.A. S.r.l., Elesta SpA, Fotona d.o.o, Galderma S.A., Gooch and Housego Plc, Hologic Inc., Lumenis Be Ltd., Lutronic Inc., Lynton Lasers Ltd., Quanta System S.p.A., Sciton Inc., Shanghai Fosun Pharmaceutical Group Co. Ltd., SharpLight Technologies Inc., Sisram Medical Ltd., and Strata Skin Sciences Inc. |
|
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period, Aesthetic Lasers Market Growth Analysis |
|
Customization purview |
If our aesthetic lasers market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this aesthetic lasers market growth and forecasting report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
