Aesthetic Lasers Market Expected to Reach $2,505.2 million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Aesthetic Lases Market," The 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.

Laser devices for aesthetic (cosmetic) purposes are frequently employed to enhance look. Depending on their intended use and whether they affect the structure or function of the body, they might be subject to FDA regulation. Patients should talk to their healthcare professional about the advantages and disadvantages of these devices to make an informed choice about whether to utilize these devices. Furthermore, two different kinds of laser treatments are used including an ablative laser that vaporizes the top layer of the wounded skin and a non-ablative laser that penetrates deeper into the skin without obliterating the top layer. In addition, aesthetic lasers are also used to get rid of wrinkles, hair, pigmented lesions, and tattoos.

The key factors that drive the growth of the aesthetic lasers market share include increase in geriatric population, rise in number of licensed medical centers, and surge in self-awareness among population regarding the physical appearance. Moreover, the increase in usage of aesthetic lasers in several aesthetic procedures including the treatment of skin tightening, skin rejuvenation, hyperpigmentation and hair removal is further expected to boost the aesthetic lasers market growth during the forecast period. However, high cost of aesthetic lasers procedures is likely to hamper the growth of the market during the forecast period. Conversely, development of products with advanced technologies for aesthetic lasers procedures boost demand for aesthetic lasers and provide growth opportunities for the aesthetic lasers market trends.

By product type, the CO2 lasers segment dominated the market in 2021 and is expected to remain dominant during the forecast period, owing to rise in demand for better and more advanced machining tools and machinery for the treatment of various skin related disease. In addition, increase in used for more precise material machining and processing for CO2 laser further boost the market growth. By application, the hair removal segment dominated the aesthetic lasers industry in 2021 and is expected to remain dominant during the forecast period, owing to increase in number of laser removal procedures, rise in product launch and product approval in the field of laser hair removal treatment and rise in self-awareness among the young population regarding physical appearance.

By end user, the spas and beauty centers segment dominated the market in 2021 and is expected to remain dominant during the forecast period, owing to increased instances of acne scars, increase in surgical and nonsurgical procedures, increase in geriatric populations and consciousness about physical appearance Moreover, rise in disposable income, availability of trained professionals having utmost experience in providing such treatments is anticipated to fuel the segment growth during the forecast period.

Region wise, North America has the highest market share, in 2021. The dominance is due to higher number of aesthetic lasers procedures, increase in number of approvals for aesthetics products, strong presence of key players, and advancements in medical and aesthetic sector. Asia-Pacific is projected to register the highest CAGR during the forecast period. Moreover, increase in geriatric population, rise in awareness among young population regarding aesthetics, growth in healthcare expenditures, and surge in adoption of aesthetic lasers products are the key driving factors that boost the growth of the market in the region.

Key Findings of The Study

• On the basis of product type, the CO2 lasers segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
• On the basis of application, the hair removal segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
• On the basis of end user, spas and beauty centers segment is projected to grow at a CAGR during the forecast period.
• On the basis of region, North America held the largest revenue share in 2021. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.