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2020

Cosmetic Laser Market

Cosmetic Laser Market Size, Share, Competitive Landscape and Trend Analysis Report by Product, Modality, Application and End-User : Global Opportunity Analysis and Industry Forecast, 2019-2026

LS : Medical Devices & Supplies

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Author's: Kavita Joshi | Roshan Deshmukh
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Cosmetic Laser Market Overview:

The global cosmetic laser market size was valued at $1,819.49 million in 2018 and is expected to reach 5,416.70 million by 2026, registering a CAGR of 14.5% from 2019 to 2026. Cosmetic laser is a therapy that reduces facial wrinkles and skin irregularities, such as blemishes or acne scars. This technique directs brief, concentrated pulsating beams of light on uneven surfaces of skin, which precisely removes skin layer by layer and is also known as lasabrasion technique, laser peel, or laser vaporization. It is used to treat many medical conditions such as aging skin problems, age spots, fine lines, wrinkles on the face birthmarks, spider veins, droopy, dry, sagging eyelid skin, and dark circles. Further, it can also be used in uneven skin tone correction and texture, smokers’ line, vascular lesions, and skin tightening.

Cosmetics Laser Market

  

Significant increase in the preference for non-aesthetic procedures and technical advancements in laser technology are the major factors that drive the cosmetic laser market growth. In addition, surge in adoption of the non-invasive procedures, rise in cases of skin damages, increase in medical tourism & ever-changing lifestyles, and reduced procedural expenses propel the growth of cosmetics laser market. Other factors such as enhanced implementation of aesthetic procedures, development of laser technology, increased focus on body appearance among both men and women, and high disposable income in developing economies fuel the growth of cosmetic lasers market. However, factors such as less emphasis of manufacturers on aesthetic devices, strict regulations by governments on the usage of cosmetic lasers, and lack of reimbursement are anticipated to hamper the growth of cosmetic lasers market. Conversely, development in fillers, lasers, and injectables are estimated to create lucrative opportunities for the cosmetic laser market in the near future.

Global Cosmetics Lasers Market Segmentation

The cosmetic laser market is segmented on the basis of product, modality, application, end user, and region. By product, it is bifurcated into ablative, non-ablative, and laser. By modality, it is segregated into pulsed dye laser (PDL), YAG laser, carbon dioxide laser (CO2), Erbium, Intense pulsed light (IPL), radiofrequency, infrared, and others. By application, it is segregated into hair removal, skin resurfacing, vascular lesions, scar and acne removal, body contouring, and others. By end-users, it is segmented into hospitals, skin care clinics, and cosmetic surgical centers. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Type segment review

By type, the non-ablative cosmetic laser segment accounted for 65% of the total cosmetic laser market share in 2018 and is expected to exhibit a prominent growth rate in the near future, owing to the fact that these devices require small incisions on the skin surface through which a cannula is inserted. Laser energy is delivered to the target tissues through the cannula, which results in destruction of adipocytes by coagulation. In addition, currently, available laser-assisted devices include Smartlipo by Hologic, Inc. ProLipo PLUS by Sciton, Inc., and others.

Cosmetic Laser Market
By Type
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Cosmetic Lasers abblative lasers segment is projected as one of the most profitable segment.

  

Application segment review

By application, the body contouring segment dominated the cosmetic laser market in 2018 and is anticipated to maintain its dominance during the forecast period. This is attributed to the surge in awareness among individuals toward self-grooming and getting their bodies in shape. Moreover, a significant rise in obesity across the globe contributes to the growth of cosmetic lasers market. Further, body contouring devices are used to tighten lax skin or to remove undesired fat from various parts of the body, such as waist, abdomen, and upper torso. These devices work on different mechanisms such as radiofrequency, cryolipolysis, and high-intensity focused ultrasound (HIFU).

Cosmetic Laser Market
By Application
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Vascular Lesions segment is projected as one of the most lucrative segments.

  

North America is projected to dominate the global cosmetics lasers market, due to the presence of major key players such as Hologic, Inc., Bausch Health Companies Inc., and Cutera, Inc., in this region. It exhibits constant growth in North America mainly due to rise in obese population. For instance, according to the U.S. ProCon.org, the percentage of obese adult population for 2016 was 36.2% in the U.S., 29.4% in Canada, and 28.9% in Mexico. According to the Organization for Economic Co-operation and Development, obesity levels are expected to be particularly high in the U.S. and Mexico. Moreover, easy availability of cosmetic laser, higher number of target population, and favorable reimbursement in healthcare system are the factors estimated to fuel the growth of the market. However, the Asia-Pacific cosmetic laser market is expected to register a significant growth during the forecast period. This is due to rise in promotional activities related to cosmetic lasers in this region , which is projected to drive the cosmetics laser market in the emerging Asia-Pacific countries.

Cosmetic Laser Market
By Region
2026
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 16.2% during 2019-2026.

  

The report provides a comprehensive analysis of the key players operating in the global cosmetic lasers market are Alma, Candela, Cutera, Cynosure, Deka, Hoyoconbio, Lumensis, Palomar, and Syneron, Aerolase El.En. Spa Lumenis Ltd., Aerolase Corporation Sciton, Inc., Sharp Light Technologies, Fosun Pharmaceutical, Syneron Medical Inc., and Solta Medical. The other players in the value chain include Aerolase Corporation, Iridex, ALLTEC GmbH, and Fotona.

Key Benefits for Stakeholders:

  • The cosmetic laser market forecast, and analysis is based on a comprehensive analysis of key developments in the market.
  • The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the global market.
  • The study provides an in-depth cosmetic laser market analysis to elucidate the imminent investment pockets.
  • The global cosmetic laser market trends are studied from 2018 to 2026.
  • Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global cosmetic lasers market from 2019 to 2026 is provided to determine the market potential.

Cosmetic Laser Market Report Highlights

Aspects Details
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By Product
  • Ablative Lasers
  • Non-Ablative Lasers
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By Modality
  • Pulsed Dye Laser (PDL)
  • YAG Laser
  • Carbon Dioxide Laser
  • Erbium laser
  • Intense Pulsed Light (IPL)
  • Radiofrequency
  • Infrared
  • Others
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By Application
  • Hair removal
  • Scar removal and acne removal
  • Skin resurfacing
  • Vascular Lesions
  • Body Contouring
  • Others
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By End User
  • Hospitals
  • Skin care clinics
  • Cosmetic Surgery Centers/Clinics
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By Geography
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • Australia
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
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Key Market Players

SHANGHAI FOSUN PHARMACEUTICAL (GROUP) CO., LTD., SCITON, INC., BAUSCH HEALTH COMPANIES INC., CUTERA, INC., HOLOGIC, INC., EL.EN. S.p.A. (ASCLEPION LASER TECHNOLOGIES GmbH), InMODE AESTHETIC SOLUTIONS, MICROAIRE SURGICAL INSTRUMENTS, LLC., ERCHONIA CORPORATION., ALLERGAN PLC

Analyst Review

Cosmetic lasers are used for the treatment to reduce facial wrinkles and skin irregularities, such as blemishes or blemishes acne scars. The technique directs short, concentrated pulsating beams of light at irregular skin, precisely removing skin layer by layer. This popular procedure is also called lasabrasion, laser vaporization laser peel, or laser peel.

The usage of lasers in cosmetic procedures has augmented in recent years. Device manufacturers are constantly exploring the limits of lasers to be used for cosmetic procedures. Further, rise in traction among individuals regarding cosmetic procedures, owing to introduction of innovative, minimally invasive devices propels the market growth. The cosmetic lasers market is anticipated to witness significant growth in the near future. The most adopted procedures, such as scar removal, skin tightening, body shaping or body contouring devices, and facial rejuvenation use advanced high-tech sophisticated laser technology. Cosmetic lasers offers 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 more adoption of these cosmetic lasers.

Author Name(s) : Kavita Joshi | Roshan Deshmukh
Frequently Asked Questions?

The market vaule of global cosmetic laser market was $1,819.4 million in 2018.

The forecast period is from 2019 to 2026.

The market value of global cosmetic laser market in 2019 is $2,096.2 million.

The adoption of cosmetic laser is expected to increase due to rise in awareness rgarding self appearance among people across the globe.

No, the report does not provides value chain analysis.

Introduction of minimally invasive cosmetic lasers.

Emerging countries of Asia-Pacific region are growing at a growth% of 16.2%. India, China, Australia, are expected grow at a CAGR of 19.2%, 22.2%, 12.4% respectively.

The North America market held a major share in the cosmetic laser market in 2018 and is expected to continue the trend in the forecasting period. This is attributed to increase incidence of turner syndrome in this region.

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Cosmetic Laser Market

Global Opportunity Analysis and Industry Forecast, 2019-2026