Aesthetic Lasers and Energy Devices Market Analysis North America,Europe,Asia,Rest of World (ROW) - US,China,India,Germany,UK - Size and Forecast 2023-2027

Aesthetic Lasers and Energy Devices Market Forecast 2023-2027

The global aesthetic lasers and energy devices market size is estimated to grow by USD 1.91 billion at a CAGR of 9.73% between 2022 and 2027. 

Medical aesthetics has become a part of regular treatments for people who want non-invasive cosmetic treatments to get a natural and healthy look, and is growing in popularity around the world. Medical aesthetic clinical treatment is gaining popularity because of its short-term results. Market participants are contributing to raising awareness of medical aesthetics by organizing skin disease awareness programs. Such programs also increase awareness of their products. Providers are also collaborating with celebrities who share their experiences after minimally invasive surgery. Such recommendations remove barriers to consumer thinking about procedures. As awareness of skin health increases across the globe, the number of surgeries is also increasing, which is expected to drive the growth of the market during the forecast period. 

What will be the size of the Market During the Forecast Period?

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Market Segmentation by Technology, Application, and Geography Analysis

This report extensively covers aesthetic lasers and energy devices market segmentation by technology (laser, light, RF, and others) and geography (North America, Europe, Asia, and ROW).

Technology Segment Analysis

The market share growth by the laser segment will be significant during the forecast period. Laser-based aesthetic devices are used to treat skin and body conditions with minimal or non-invasive techniques. Laser aesthetic devices treat the inner layers of the skin with intense, high-energy, single-colored light, focused beams, or thermal energy. Applications in which cosmetic laser devices are widely used include skin rejuvenation, removal of scars, hair, tattoos, and pigmented lesions, varicose vein treatment, and fat reduction.

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The laser segment was valued at USD 1.28 billion in 2017. There are several market players who are offering laser-based devices such as Bausch Health Companies, Cutera, and El.En. Spa, Fosun International, Hologic, Lumenis Ltd., Lutronic Corp., Lynton Lasers Ltd, Sciton Inc, and Syneron Medical Ltd. Increasing adoption of minimally or non-invasive procedures worldwide, increasing people's disposable income, and the growing prevalence of obesity across the globe raised the potential for the growth in advanced equipment and modernized aesthetic clinics. This is expected to boost the growth of the focus market growth and trends during the forecast period. 

Application Segment Analysis

Skin resurfacing is a cosmetic procedure aimed at improving skin texture, tone, and appearance by removing damaged outer layers and promoting collagen production. It is commonly used to treat a variety of skin problems such as wrinkles, fine lines, acne scars, uneven skin tone, sun damage, age spots, and rough skin. Furthermore, there is a growing awareness of aesthetic procedures and their effectiveness in improving skin texture, skin tone, and overall appearance. As more people become aware of the benefits of laser skin resurfacing, the demand for these treatments is increasing, which will have a positive impact on the growth of the market during the forecast period. 

Regional Analysis

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North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. Growing awareness and acceptance of non-invasive aesthetic medicine, the presence of advanced medical infrastructure and experienced medical professionals in North America, and the availability of advanced diagnostic techniques are driving the growth of the market in this region during the forecast period. expected to promote.

Moreover, the presence of major suppliers such as Bausch Health Companies, Cutera, Hologic, Sciton, and Syneron Medical, focusing on providing innovative non-invasive aesthetic devices, is driving the growth of the North American market. Hence, the presence of prominent market players in the region and the growing number of approvals of non-invasive skin tightening systems by the US FDA are driving the growth of the market in the region during the forecast period.

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Key Aesthetic Lasers and Energy Devices Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

AbbVie Inc.: The company offers aesthetic lasers and energy devices under the brand Allergen.

• Aerolase Corp.
• Alma Lasers Ltd.
• Bausch Health Companies Inc.
• Candela Corp.
• Cutera Inc.
• El.En. Spa.
• Energist Ltd.
• Fotona d.o.o
• Hologic Inc.
• Johnson and Johnson Services Inc.
• Lumenis Be Ltd.
• Lutronic Inc.
• Lynton Lasers Ltd.
• Merz Pharma GmbH and Co KGaA
• Photomedex Inc.
• Sciton Inc.
• Shanghai Fosun Pharmaceutical Group Co. Ltd.
• Venus Concept Inc.
• Zensar Technologies Ltd.

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 market 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.

Market Dynamics

The Global aesthetic lasers and energy devices market is experiencing rapid growth, driven by increasing demand for aesthetic treatments worldwide. Aesthetic lasers and energy devices effectively address concerns such as wrinkles, unwanted lesions, stubborn fat, and excess sagging skin, offering skin tightening and rejuvenation solutions. Both minimally invasive and invasive devices cater to individual preferences and treatment needs. Technological advancements, including fully automated devices and optical coherence tomography, enhance treatment precision and outcomes. However, the high cost of treatments poses a challenge, particularly for individuals with limited disposable incomes. Despite this, the market continues to expand, fueled by growing awareness of aesthetic procedures and the desire to address skin damage caused by factors like road accidents, skin cancer, and obesity. With energy-based and laser-based technologies at the forefront, the market for aesthetic lasers and energy devices is poised for further growth, catering to the evolving demands for enhanced physical appearance and skin rejuvenation.

There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. 

Key Market Drivers

The growing geriatric population is the key factor driving the growth of the market. Aging directly affects the skin by destroying skin cells, resulting in facial lines and wrinkles. As the body ages, the immune system recedes, causing rough skin, lesions, and bruising. In addition, there is a loss of elastic tissue, elastin, in the skin, which causes the skin to become loose. Therefore, facial treatments such as skin tightening are necessary.

Moreover, collaboration between healthcare providers and physicians has resulted in numerous innovations that continue to expand treatment options for a large portion of the aging population. As the growth of each product is dependent on the growth of its target users, the growth of the medical aesthetic solutions will be driven by the rising geriatric population, driving the growth of the market during the forecast period. 

Significant Market Trends

Opportunities for growth in the male aesthetics market are the primary trend. The growth of the male aesthetic market can be attributed to men opting for non-surgical cosmetic procedures to achieve healthy and youthful skin. Nonsurgical cosmetic skin tightening procedures are needed in men to prevent conditions such as sagging skin around the neck and excess skin on the upper eyelids, known as Turkey neck. For example, Ul Therapy for men is Merz Pharma's latest skin tightening treatment. It features ultrasound technology that detects, targets, lifts, and tightens sagging tissue in men and stimulates collagen growth.

Moreover, consequently, the benefits delivered by non-invasive procedures have raised aesthetic preference and acceptance in men, contributing to the revenue of the global aesthetic laser and energy devices market. Therefore, the global market is expected to witness high growth during the forecast period.

Major Market Challenges

Stringent regulations for approval are the challenges that affect the growth of the market. Several regulatory agencies have introduced strict regulations on the approval of energy-based non-invasive aesthetic medicine systems. In Europe, the European Committee for Standardization (CEN) has introduced strict regulations for aesthetic non-surgical medical treatments. CE marking (European Conformity) is also required for the marketing of medical products in this region.

Furthermore, in Australia, owing to the growing demand for energy-based aesthetic medicine such as lasers, RF, and ultrasound, several national regulatory bodies have issued strict regulations to ensure patient safety. Compliance with such stringent regulations poses a challenge for aesthetic laser and energy device suppliers and may adversely impede the growth of the market during the forecast period.

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Market Customer Landscape

The market growth analysis 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 market growth and forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Market Analyst Overview

The Aesthetic Lasers and Energy Devices Market caters to individuals seeking solutions for various skin concerns like sun damage, unwanted lesions, and signs of aging. Offering a range of non-invasive, minimally invasive, and invasive devices, the market addresses issues such as stubborn fat and excess sagging skin. Technological advancements in laser and energy-based technology ensure safety and efficacy in aesthetic treatments. With growing disposable incomes and a rising trend towards body alteration, the market experiences continuous growth. Key market segments include product type, end-user, and region, with forecasts indicating global expansion. The market serves both the medical and beauty industries, meeting the demands of individuals concerned about their physical appearance and seeking solutions for skin damage caused by factors like road accidents, skin cancer, and aging.

Additionally, the market is experiencing rapid expansion driven by advancements in laser-based technology and the growing demand for aesthetic treatments. Understanding the physiology of wrinkled and aging skin has prompted the development of innovative solutions within this market. Aesthetic treatment processes now favor non-invasive and minimally invasive devices, reflecting a shift towards safer and more comfortable procedures. The emergence of fully automated aesthetic devices streamlines treatment delivery and enhances patient experiences. Technologies like optical coherence tomography contribute to improved precision and safety in aesthetic procedures.

Despite these advancements, the high cost of treatments remains a barrier to widespread adoption, particularly amidst the rising trend of body alteration in both the medical and beauty industries. Laser resurfacing devices are gaining popularity for their effectiveness in addressing various skin concerns. As laser-based technology continues to evolve, the market for aesthetic lasers and energy devices is poised for sustained growth, catering to the needs of both the medical and beauty sectors.
 

Segment Overview

The market forecasting report covers market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Technology Outlook 
  • Laser
  • Light
  • RF
  • Others

• Application Outlook 
  • Skin resurfacing
  • Body contouring
  • Skin rejuvenation

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • Rest of the World (ROW)
    • Argentina
    • Australia
    • Brazil

Aesthetic Lasers and Energy Devices Market Scope
Market Report Coverage	Details
Page number	160
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 9.73%
Market growth 2023-2027	USD 1.91 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	8.96
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 33%
Key countries	US, China, India, Germany, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	AbbVie Inc., Aerolase Corp., Alma Lasers Ltd., Bausch Health Companies Inc., Candela Corp., Cutera Inc., El.En. Spa., Energist Ltd., Fotona d.o.o, Hologic Inc., Johnson and Johnson Services Inc., Lumenis Be Ltd., Lutronic Inc., Lynton Lasers Ltd., Merz Pharma GmbH and Co KGaA, Photomedex Inc., Sciton Inc., Shanghai Fosun Pharmaceutical Group Co. Ltd., Venus Concept Inc., and Zensar Technologies Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our market trends and analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the esthetic lasers and energy devices market between 2023 and 2027
• Precise estimation of the market size and its contribution of the market in focus on the parent market
• Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
• Companies landscape comparing criticality of inputs and factors of differentiation
• Exclusive Matrix on companies' position and classification
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, Europe, Asia, and Rest of the World (ROW)
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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