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2021
Aesthetic Lasers And Energy Devices Market

Aesthetic Lasers And Energy Devices Market by Product (Laser Resurfacing Devices, Body Contouring Devices, and Aesthetic Ophthalmology Devices), Technology (Laser-Based Technology, Light-Based Technology, and Energy-Based Technology), Application (Hair Removal, Scar Removal and Skin Resurfacing, Skin Rejuvenation, Skin Tightening, and Others), and End User (Multi Specialty Centers, Standalone Centers, and Cosmetic Surgery Centers & Clinics): Global Opportunity Analysis and Industry Forecast, 2021–2028
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A01140
Pages: 277
May 2021 | 9672 Views
Author(s) : Vishal Bhardwaj, Kishor Sherkar , Onkar Sumant
Tables: 155
Charts: 48
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COVID-19

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The global aesthetic lasers and energy devices market was valued at $2.25 billion in 2014 and is expected to reach $10.30 billion by 2028, registering a CAGR of 10.2% from 2021 to 2028.

Due to COVID-19 pandemic, the aesthetic lasers and energy devices market is negatively impacted, as health care resources have been prioritized to cater for patients affected by COVID-19, routine health care services have remained suspended. In an effort to slow the spread of SARS-CoV-2 virus, the all countries adopted lockdown which came into effect on the March 23, 2020. Since then, clinics offering laser, light based and intense pulsed light services have remained closed for treatments. As the rate of COVID-19 infection slows, the all government has issued guidance for lifting of the lockdown in a cautious and phased manner.

Aesthetic lasers and energy devices are used for the treatment of sun damage skin, wrinkles, and unwanted lesions. These devices improve the physiology of wrinkled & ageing skin and are used by numerous individuals, who wish to cultivate or rejuvenate their looks. There are many technical procedures employed for the rectification of aesthetic treatment process. The main aim of these devices is to remove the stubborn fat or reduce the excess sagging skin to achieve skin tightening. The various devices present in the market include non-invasive devices, minimally invasive devices, and invasive devices. Currently, fully automated aesthetic devices are available for its end users. For instance, sciton uses optical coherence tomography to pre-look at the skin from the inside out. 

Aesthetic-Laser-and-Energy-Devices-Market

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The growth of the global aesthetic lasers and energy devices market is majorly driven by surge in awareness regarding medical aesthetics, increase in advancements in field of aesthetic devices, and rise in obesity across the globe. However, the high cost of these treatments serve as a major restriction for the growth of the aesthetic lasers and energy devices market. Furthermore, increase in disposable incomes and rise in trend of body altering in the developing countries, such as India and China, are anticipated to create lucrative opportunities for the aesthetic lasers and energy devices market growth in near future.

The aesthetic lasers and energy devices market is negatively impacted, as health care resources have been prioritized to cater for patients affected by COVID-19, routine health care services have remained suspended. In an effort to slow the spread of SARS-CoV-2 virus, the all countries adopted lockdown which came into effect on the March 23, 2020. Since then, clinics offering laser, light based and intense pulsed light services have remained closed for treatments. As the rate of COVID-19 infection slows, the all government has issued guidance for lifting of the lockdown in a cautious and phased manner. With this view many countries are allowing safe reopening of laser, light and energy based services. For instance, the British Medical Laser Services has issued guidance document, based on best available and current scientific evidence.

Furthermore, the manufacturing units for laser devices in Taiwan, South Korea, the U.S, and Israel are likely to slow production in the coming weeks, further impacting the supply chain. In addition factors like teledermatology which has become an appropriate and effective way to offer Mobile messaging and video consultations are essential in maintaining continuity in dermatological as well as aesthetic practice. Teledermatology, with all its limitations has certainly been a great strength for dermatologists and cosmetic practioners similarly.

The aesthetic lasers and energy devices market is segmented on the basis product, technology, application and end user. By product, it is divided into laser resurfacing devices, body contouring devices, and aesthetic ophthalmology devices. By technology, it is fragmented into laser-based technology, light-based technology, and energy-based technology. By application, it is classified into hair removal, scar removal & skin resurfacing, skin rejuvenation, skin tightening, and others. By end user, it is divided into multi-specialty centers, standalone centers, and cosmetic surgery centers & clinics. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Product segment review

By product, the laser resurfacing devices segment dominated the market in 2014 and is anticipated to maintain its dominance during the forecast period. This is attributed to the surge in the treatments using laser resurfacing devices such as skin rejuvenation, skin resurfacing, and others. 

Aesthetic Lasers And Energy Devices Market
By Product

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Laser Resurfacing Devices segment holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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Technology segment review

By technology, the energy-based technology segment accounted for the largest market share in aesthetic lasers and energy devices market in 2014. This segment is expected to exhibit a prominent growth rate, owing to its enormous use for skin treatments across the globe. Moreover, laser-based technology is used extensively for skin and hair treatment owing to the safety associated with their use.

Aesthetic Lasers And Energy Devices Market
By Technology

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Energy Based Technology segment is projected as one of the most lucrative segment.

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Region segment review

North America accounted for the majority of the global aesthetic lasers and energy devices market share in 2014 and is anticipated remain dominant during the forecast period. This is attributed to increase in healthcare expenditure, and technological advancements in aesthetic lasers and energy devices. Europe is expected to show steady growth over the next upcoming years, owing to increase in geriatric population base. On the other hand, Asia-Pacific is anticipated to witness lucrative growth due to rise in disposable income, greater untapped opportunities, and rapid rise in awareness among patients in this region.

Aesthetic Lasers And Energy Devices Market
By Region

2028
North America 
Europe
Asia-pacific
Lamea

Asia Pacific region would exhibit the highest CAGR of 11.7% during 2021-2028.

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Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current trends and future estimations from 2014 to 2028, which assist to identify the prevailing aesthetic lasers and energy devices market opportunities. 
  • An in-depth market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
  • A comprehensive analysis of factors that drive and restrain the growth of the global is provided.
  • Region-wise and country-wise market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current trends and future market potential from 2014 to 2028, in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the aesthetic lasers and energy devices market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the aesthetic lasers and energy devices market.​​​​​​​

Key Market Segments

  • By Technology
    • Laser-Based Technology
    • Light-Based Technology
      • Dynamic Pulse Control (DPC) technology
      • Intense Pulsed Light (IPL) technology
    • Energy-based Technology
      • UV technology
      • Infrared technology
      • Radiofrequency technology
      • Low temperature-based technology
      • Suction based technology
      • Others
  • By Product
    • Laser resurfacing devices
      • Fractional Ablative Skin Resurfacing Devices
      • Conventional Laser Resurfacing Devices
    • Body contouring devices
      • Liposuction Devices
      • Fat Reduction devices
      • Cellulite Reduction Devices
      • Non-Surgical Skin Tightening Devices
    • Aesthetic Ophthalmology Devices
  • By Application
    • Hair removal
    • Scar removal/skin resurfacing
    • Skin rejuvenation
    • Skin tightening
  • By End User
    • Multi-specialty centers
    • Standalone Centers
    • Cosmetic Surgery Centers/Clinics
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • South Korea
      • Taiwan
      • Rest of Asia-Pacific
    • LAMEA
      • Middle East
      • Latin America
      • Rest of LAMEA
 

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According to analyst perspective, the use of lasers, Radiofrequency (RF), and energy-based aesthetic technology in cosmetic procedures has increased in the recent years. Device manufacturers are constantly exploring the limits of safe energy-based approaches. Further, rise in traction among individuals regarding aesthetic procedures owing to introduction of innovative, minimally invasive devices propels the market growth.

Further the aesthetic lasers and energy devices market is anticipated to witness a significant growth in the future. The most adopted procedures, such as hair transplantation and removal, body shaping/body contouring devices, facial rejuvenation, and cellulite reduction, are using advanced high-tech sophistication and functionality. Many offer single session, no downtime treatments that don’t necessarily replace the surgical results but satisfy the needs of a growing patient base. North America dominated the global market owing to the ease of availability of advanced devices as well as adoption of these devices by the people in this region.
 

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FREQUENTLY ASKED QUESTIONS?

A. The total market value of Aesthetic Lasers and Energy Devices market is $4.80 billion in 2020.

A. The forcast period for Aesthetic Lasers and Energy Devices market is 2021 to 2028.

A. The market value of Aesthetic Lasers and Energy Devices market in 2028 is $10.30 billion

A. The base year is 2020 in Aesthetic Lasers and Energy Devices market.

A. Abbvie Inc.(Allergen), Solta Medical (Subsidiary of Bausch Health Companies Inc), Candela Medical, Hologic, Inc. held a high market postion owing to the strong geographical foothold in different regions.

A. Energy Based Technology segment is the major revenue contributor, and is projected to grow significantly during the forecast period. This is attributed to enormous use for skin treatments across the globe. Moreover, laser-based technology is used extensively for skin and hair treatment owing to the safety associated with their use

A. The major factor for the growth of Aesthetic Lasers and Energy Devices market are surge in awareness regarding medical aesthetics, increase in advancements in field of aesthetic devices, and rise in obesity across the globe.

A. Due to rise in disposable income, greater untapped opportunities, and rapid rise in awareness among patients in this region drive the global Aesthetic Lasers and Energy Devices market.

A. Aesthetic lasers and energy devices are increasingly being used for performing various cosmetic procedures. Aesthetic devices improve the physiology of wrinkled & aging skin.

A. Aesthetic lasers and energy devices are used for the treatment of sun damage skin, wrinkles, and unwanted lesions. These devices improve the physiology of wrinkled & ageing skin and are used by numerous individuals, who wish to cultivate or rejuvenate their looks.

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