Aesthetic Lasers Market Research, 2031
The global aesthetic lasers market size was valued at $1,028.99 million in 2021, and is expected to reach $2,505.2 million by 2031, growing at a CAGR of 9.3% from 2022 to 2031. Aesthetic lasers the most popular medical technology for altering a person's physical appearance. It is used more for aesthetic than medical reasons. Using heat and light, aesthetic lasers encourages the skin's normal creation of new collagen. As people age, their bodies' ability to make collagen gradually starts to decline. As a result, the skin begins to age and develop wrinkles, fine lines, spots, and other problems. The applications of aesthetic lasers treatment include lip augmentation, facial line correction, scar treatment, wrinkle reduction, and face lifting. Uses of aesthetic laser can also seen to remove hair from any body part for a longer duration of time, sonce hair removal treatments of skin may differ for every individual.
The non-surgical skin procedure is mainly focused on skin tightening also while treating other conditions of the body such as hyperpigmentation, wrinkles and skin laxity. Additionally, two different types of laser treatments are employed, including an ablative laser that vaporizes the damaged skin's top layer and a non-ablative laser that penetrates deeper into the skin without obliterating the top layer. CO2 laser, erbium laser is the example of ablative Laser. Furthermore, pulse-dye-laser and Intense pulse light laser are included in non-ablative lasers.
“The aesthetic lasers market was decrease during the lockdown period owning to several clinics and hospitals were restructured to increase hospital capacities for patients diagnosed with COVID-19. Non-essential procedure was cancelled due to the pandemic”
The market was analyzed qualitatively and quantitatively from 2018-2020. The aesthetic lasers market share grew at a highest CAGR. Most of the growth during this period was derived from the Asia-Pacific owing to the improving health awareness, rising disposable incomes, as well as well-established presence of domestic companies in the region.
Factors that drive the growth of the aesthetic lasers market share include increase in number of licensed medical centers to conduct aesthetic lasers procedure, technological advancement in the medical aesthetic industry, and increase in the number of product launches by different key players. Moreover, acceptance and adoption of aesthetic lasers is more in female population; therefore, increase in female population is anticipated to drive the aesthetic lasers market growth. The non-invasive aesthetic lasers procedures are highly popular among women due to increased levels of self-consciousness and a desire to be beautiful. For instance, according to a report shared by countrymeters, in 2022, global female population is 3,961,117,370. Moreover, according to data shared by woldometer, in 2022, the U.S. female population is 334,818,770. Furthermore, presence of a plethora of products in the pipeline and high market potential in untapped emerging economies are anticipated to serve as attractive opportunities for market growth during the aesthetic lasers market forecast period. Moreover, growth in medical tourism in developing economies, increasing consumer awareness for skin resurfacing and aesthetic enhancement significantly propels the growth of the market.
Moreover, increase in number of licensed medical centers fuels the growth of aesthetic lasers industry. In addition, increase in skin damage and changes in lifestyle are the major factors that lead to rise in number of aesthetic lasers procedure. Moreover, rise in self-awareness among young population regarding the physical appearance and increase in awareness regarding different aesthetic lasers treatments among the female population are anticipated to propel the growth of aesthetic lasers market. Furthermore, the natural ageing process, lifestyle factors and environment all contribute to unwanted wrinkles, fine lines, age spots and uneven skin tone. Growing urge among old age population to look young and fit causes increase in the demand of aesthetic products and procedures are the factor anticipated to propel the growth of the aesthetic lasers market. Moreover, in 2020, according to a report shared by American Society of Plastic Surgeons, in the U.S. approximately 3.2 million minimally invasive aesthetic procedures were performed in the age group of 55 to 69 years.
The COVID-19 outbreak is anticipated to has negative impact on growth of the global aesthetic lasers market. A number of clinics and hospitals were restructured to increase hospital capacities for patients diagnosed with COVID-19. Non-essential surgical procedure was cancelled due to the pandemic. aesthetic lasers procedures are non-emergency procedures that significantly hampered revenue of aesthetic companies. In addition, sudden sharp cut in monthly income of people is anticipated to have a negative impact on the aesthetic lasers market.
Implementation of lockdown, owing to the COVID-19 outbreak resulted in decline in number of patient visits for aesthetic procedures during the pandemic. According to the International Society of Aesthetic plastic surgery, in 2020, it was reported that hyaluronic acid procedure decreased by 6.1% from 2019 to 2020.
On the contrary, the number of non-surgical cosmetic procedures is expected to grow gradually post the pandemic. According to the Aesthetic plastic surgery, in 2021, it was analyzed that the number of non-surgical procedures increased by 44% from 2020 to 2021. Thus, increase in number of non-surgical cosmetic procedure after the pandemic fueled the use of facial aesthetic product.
The aesthetic lasers market is segmented into product type, application, end user and region. By product type, the market is categorized into Co2 lasers, erbium lasers, pulsed-dye lasers, IPL (intense pulsed light) and others. On the basis of container application, the market is segregated into skin resurfacing, hair removal, tattoo removal and others. By end user, the market is classified into hospitals and clinics and spa and beauty centers. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By product type the market is segmented into Co2 lasers, erbium lasers, pulsed-dye lasers, IPL (intense pulsed light) and others. The CO2 laser segment dominated the global market in 2021, and is expected to remain dominant throughout the forecast period, owing to its ability to offer precise and high-speed industrial processes as compared to usual techniques. Furthermore, the demand for CO2 lasers in applications across a range of industries, including healthcare and medicine, is anticipated to be driven by characteristics such as simple automation, precision processing, non-contact processing, and high-power density. .
By application aesthetic lasers market is segregated into skin resurfacing, hair removal, tattoo removal and others. The hair removal segment dominated the global market in 2021, and is anticipated to continue this trend during the forecast period. This is attributed to increased urge to look beautiful lead to rise in hair removal treatment in the female population. Thus, this factor is anticipated to fuel the hair removal segment growth. For instance, according to International Society of Aesthetic Plastic Surgery (ISAPS), in 2020, 1,837,052 hair removal procedures were performed in the female population. Moreover, according to the American Society of Plastic Surgeons (ASPS), 635,618 hair removal procedures were performed in the U.S. As per the same source, 84% hair removal procedures were performed in female population. The hormonal changes in female population cause increase in the growth of unwanted facial hair, which increase the demand for hair removal treatment.
By end user the market is classified into hospitals and clinics and spas and beauty centers. The spas and beauty centers held the largest market share in 2021, and is expected to remain dominant throughout the forecast period, owing to increase in the incidence of skin damage, changes in lifestyle, an increase in the adoption of noninvasive procedures, an increase in demand for the aesthetic industry, and cost-effective procedures. Furthermore, an increase in disposable incomes in developing economies, as well as an increase in medical tourism in developing countries with lucrative service, drive the market growth.
By region the aesthetic lasers market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a major share of the aesthetic lasers market in 2021, and is expected to maintain its dominance during the forecast period. Furthermore, presence of well-established healthcare infrastructure, high purchasing power, and rise in adoption rate of aesthetic products are expected to drive the market growth. Furthermore, increase in number of approvals for aesthetic lasers products, presence of key players, and advancements in medical and aesthetic sector in the region.
Asia-Pacific expected to grow at the highest rate during the forecast period. The market growth in this region is attributable to presence of medical devices industry in the region as well as growth in the purchasing power of populated countries, such as China and India. Moreover, increase in initiatives taken by government to develop advanced medical aesthetic centers in Asia-Pacific region along with rise in R&D activities in cosmetic sectors drive the growth of the market. Furthermore, higher beauty consciousness and aesthetic awareness. This, in turn, drives the growth of the aesthetic lasers market trends. Asia-Pacific offers profitable opportunities for key players operating in the aesthetic lasers aesthetic lasers market size, thereby registering the fastest growth rate during the forecast period, owing to the growing infrastructure of industries, rising disposable incomes, as well as well-established presence of domestic companies in the region. In addition, rise in contract manufacturing organizations within the region provides great opportunity for new entrants in this region.
Competitive analysis and profiles of the major players in the aesthetic lasers, such as
Lumenis, Candela Corporation, Cynosure Inc.,Solta Medical Inc.,Lutronic, Cutera Lynton Laser ,Scinton Inc., Alma Lasers and Aerolase Corp. are provided in this report. There are some important players in the market such as Lumenis, candela corporation and scinton Inc.. Major players have adopted product launch, product expansion and acquisition as key developmental strategies to improve the product portfolio of the aesthetic lasers market.
Some examples of product launches in the market
Sciton Inc., a leading manufacturer of medical and aesthetic lasers and light source technologies was launched new platform mJOULE, featuring MOXI and BBL HERO, amidst the global pandemic with a goal of providing a lower cost option for both physicians and patients.
Lutronic, a global leader in creating intelligent, energy-based systems for medical aesthetics, has unveiled Accufit, their exceptional new device for targeted muscle activation. Accufit takes muscle activation to strengthen and sculpt muscle in the abdomen, obliques, and buttocks.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aesthetic lasers market analysis from 2021 to 2031 to identify the prevailing aesthetic lasers market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the aesthetic lasers market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global aesthetic lasers market trends, key players, market segments, application areas, and market growth strategies.
Aesthetic Lasers Market Report Highlights
Market Size By 2031
USD 2.5 billion
CAGR of 9.3%
2021 - 2031
By Product Type
By End User
Key Market Players
lutronic, candela corporation, Scinton Inc., Lumenis, Lynton Laser, Solta Medical Inc. (a division of Bausch Health Companies Inc.), Aerolase Corp., Cutera, Cynosure Inc.(a division of Hologic, Inc.), Alma Lasers(acquired by Shanghai Fosun Pharmaceutical (Group) Co. Ltd.)
This section provides various opinions of the top-level CXOs in the aesthetic lasers industry. In accordance with several interviews conducted, the utilization of aesthetic lasers is expected to witness a significant rise owing to increase in non-invasive cosmetic procedures in both developed and developing economies. Furthermore, the global aesthetic lasers market growth is propelled by surge in geriatric population, increase in collaboration between pharmaceutical companies for development of aesthetic lasers products, and rise in awareness associated with physical appearance.
North America accounted for the highest market share in 2021, due to growing number of cosmetic procedures, and heavy expenditure by the government on healthcare, followed by Europe and Asia-Pacific. Asia-Pacific is expected to exhibit fastest market growth due to increase in geriatric population. Pharmaceutical companies have focused on expanding their presence in emerging economies, which is anticipated to drive the market growth.