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The aesthetic lasers and energy devices market size is forecast to increase by USD 2.38 billion at a CAGR of 10.87% between 2023 and 2028.
The aesthetic lasers and energy devices industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Aesthetic lasers and energy devices are utilized in medical aesthetics and dermatological practices for treating various skin and body conditions. These devices employ laser, light-based, and energy-based technologies to target skin imperfections, including sun damage, wrinkles, unwanted lesions, and vascular lesions. The physiology of aging skin and obesity-related excess sagging skin are addressed through body contouring devices and laser resurfacing. Non-invasive and minimally invasive devices, such as handheld microdermabrasion and lasabrasion, are popular for skin rejuvenation. Invasive procedures, like cosmetic surgery, are complemented by these technologies for skin treatments. Key applications include the removal of scars, skin resurfacing, hair removal, tattoo removal, and skin cancer treatment.
Energy-based technology, including radiofrequency, is also employed for body shaping and facial rejuvenation procedures, such as cellulite reduction and facial vein treatment. Multi-specialty centers, standalone aesthetic centers, and cosmetic surgery centers offer these services to consumers, contributing to the increasing healthcare expenditure on personal care and non-invasive cosmetic procedures.
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The Laser segment was valued at USD 1.37 billion in 2018 and showed a gradual increase during the forecast period.
Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is the largest revenue generator, driven by the increasing preference for non-invasive medical aesthetic treatments and advanced healthcare infrastructure. The region's experienced medical professionals and availability of advanced diagnostic techniques further fuel market growth. In the US, common cosmetic procedures include breast augmentation and liposuction. Mexico is another significant player due to its low surgery costs, attracting a large number of patients annually. The market encompasses various applications such as skin rejuvenation, body contouring, and hair removal. Technologies include laser, light-based, and energy-based solutions for conditions like sun damage, wrinkles, unwanted lesions, and vascular lesions.
Energy devices also cater to body shaping, cellulite reduction, and tattoo removal. Multi-specialty centers, standalone centers, and cosmetic surgery centers offer these treatments. Healthcare expenditure on medical aesthetics continues to rise, with non-invasive cosmetic procedures increasingly popular. Radiofrequency, cosmetic procedures like hair transplantation, and laser-based technology are key trends. Skin treatments for physiology, aging skin, and distorted physical appearance due to sun damage, road accidents, or personal reasons are also significant. The market serves dermatological practices, aesthetic practices, and hospitals, with medical staff utilizing handheld devices, microdermabrasion, and lasabrasion for skin resurfacing. Skin defects, pigmented lesions, and tattoo removal are other applications.
The market caters to personal care, obesity, excess sagging skin, and aesthetic ophthalmology. Social media influences consumer choices, and celebrities' looks further drive demand. The market research landscape includes reports from FMI, FMI Research, Nelson, Goldman Sachs, and others.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing global awareness about medical aesthetics is the key driver of the market.
Availability of unconventional treatments is the upcoming market trend.
High cost of products is a key challenge affecting the industry growth.
The aesthetic lasers and energy devices market forecasting 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 and energy devices market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, aesthetic lasers and energy devices market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
AbbVie Inc. - The market encompasses advanced technologies used for cosmetic treatments, including those offered under various brand names. These devices leverage innovative energy sources, such as lasers and light-based systems, to address a range of aesthetic concerns, from skin rejuvenation and hair removal to body contouring and vascular lesion removal. Market participants continuously invest in research and development to introduce new and improved solutions that cater to evolving consumer preferences and demands. The market represents a significant growth opportunity for companies that can deliver effective, safe, and affordable solutions to meet the diverse needs of consumers.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses a range of non-invasive, minimally invasive, and invasive technologies designed to address various dermatological conditions and cosmetic concerns. These devices leverage laser, light-based, and energy-based technology to address issues such as sun damage, wrinkles, unwanted lesions, and excess sagging skin. Physiologically, the ageing process leads to changes In the skin's structure and appearance. The skin becomes less elastic, leading to wrinkles and fine lines. Sun damage further exacerbates these issues, leading to hyperpigmentation, vascular lesions, and other skin defects. Obesity and distorted physical appearance can also contribute to the demand for body contouring devices. Medical aesthetics is a growing segment of the healthcare industry, with both multi-specialty centers and standalone aesthetic practices offering these treatments.
The market for aesthetic procedures continues to expand, driven by increasing consumer awareness and acceptance of cosmetic enhancements. Non-invasive devices, such as handheld lasers and light-based systems, are popular for their convenience and minimal downtime. These devices are used for hair removal, skin rejuvenation, and skin tightening, among other applications. Minimally invasive devices, such as laser resurfacing devices and microdermabrasion, offer more significant results with some downtime. Invasive procedures, such as cosmetic surgery and hair transplantation, provide the most dramatic results but carry greater risks and longer recovery times. The use of technology in aesthetic practices is evolving, with teledermatology and personal care apps gaining popularity.
These technologies enable remote consultations and self-care, making aesthetic treatments more accessible to a wider audience. The market for aesthetic lasers and energy devices is expected to grow significantly due to increasing healthcare expenditure and the growing demand for non-invasive cosmetic procedures. However, the market also faces challenges, including the high cost of these devices and the need for specialized medical staff and personal protective equipment. The use of these devices in medical procedures, such as scar removal and tattoo removal, is also increasing. In addition, aesthetic ophthalmology devices are gaining popularity for their ability to address various eye conditions.
The market for aesthetic lasers and energy devices is highly competitive, with companies continually innovating to offer more effective and efficient solutions. Optical coherence tomography and other advanced imaging technologies are being integrated into these devices to improve accuracy and outcomes. In conclusion, the market is a dynamic and growing segment of the healthcare industry. These devices offer effective solutions for a range of cosmetic concerns and dermatological conditions, and their use is expected to continue expanding due to increasing consumer awareness and acceptance, technological advancements, and growing healthcare expenditure.
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Market Scope |
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Report Coverage |
Details |
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Page number |
170 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.87% |
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Market growth 2024-2028 |
USD 2379.8 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
9.53 |
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Key countries |
US, China, Germany, UK, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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