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The global aesthetic lasers market size is estimated to grow by USD 1.26 billion at a CAGR (Compound Annual Growth Rate) of 11.94% between 2023 and 2028.
Medical aesthetics is a rising trend across the globe as it has evolved as a part of regular treatment among people who want a non-invasive cosmetic treatment for a natural and healthy appearance. Medical aesthetic clinical treatments are now gaining popularity owing to their rapid results in a short duration. Furthermore, market players are contributing to the growth in awareness about medical aesthetics by organizing awareness programs about skin diseases. With a global gain in awareness about skin health, the number of procedures is increasing, which will drive the growth of the market during the forecast period.
Study Period |
2024-2028 |
Base Year For Estimation |
2023 |
CAGR |
11.94% |
Forecast period |
2024-2028 |
Fastest Growing Region |
North America at 39% |
List of Charts and Table |
167 |
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In company offerings, we provide an in-depth analysis of 20 top company profiles, along with other valuable insights comprising of:
• Company Overviews
• Key News and Updates
• Products and Services
• Market-leading Offerings
• Focused Segments
Bausch Health Companies Inc.: The company offers aesthetic lasers such as thermage system, clear plus brilliant, and fraxel treatment.
The following are the leading companies in the Aesthetic Lasers Market. These companies are adopting various strategies, including strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to strengthen their market presence. Collectively, they hold the largest market share and set industry trends. The market research and growth report also provides detailed analyses of the competitive landscape and information about 20 key market companies, including:
Our segment comprises two primary segments, each with its respective sub-segments for further detailed analysis within specific national markets. Furthermore, our market coverage extends across geographic regions, with comprehensive breakdowns to provide in-depth insights.
Based upon TypeSegment, the standalone laser devices segment shows significant growth during the forecast period.
The standalone laser consists of a laser that is operated on its own and does not need to be integrated into other equipment or devices. Standalone laser devices offer an effective and relatively safer alternative to invasive surgical procedures for various aesthetic treatments, such as hair removal, skin rejuvenation, tattoo removal, and acne treatment.
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The standalone laser devices sub-segment was valued at USD 873.35 million in 2018. Advances in laser technology have led to the development of more advanced and versatile standalone devices. These devices are equipped with multiple wavelength options, adjustable settings, and precise targeting capabilities, allowing practitioners to customize treatments based on individual patient needs. Hence, such factors will drive the growth of the market through the standalone laser devices segment during the forecast period.
North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America is the largest revenue contributor to the market due to the increasing awareness and adoption of non-invasive medical aesthetic treatments in the region.
In addition, the US and Canada are the main revenue contributors to the market in North America, mainly due to a continued rise in the geriatric population and the presence of several large players such as Abbvie Inc. and Candela Corp. The presence of advanced healthcare infrastructure and experienced healthcare practitioners (HCPs) in North America and the availability of cutting-edge diagnostic techniques will also propel the growth of the market during the forecast period.
The market experiences a surge in demand, fueled by the aging baby boomer population seeking cosmetic solutions. Key players like Candela Medical and Alma Lasers offer innovative technologies such as the Picosecond laser platform for various treatments and laser procedures, including hair removal, laser skin resurfacing, and laser-assisted lipoplasty. These lasers effectively target vascular and pigmented lesions, facial wrinkles, and skin irregularities on the face, chest, arms, and hands. With advancements like CO2, Erbium, and Pulsed dye lasers, the market caters to diverse skin conditions and skin types endorsed by renowned organizations like the International Society of Plastic Surgery (ISAPS). Moreover, the rising popularity of minimally invasive procedures, including cosmetic surgery and intense pulsed light (IPL) treatments, further propels market growth. Leading clinics like SL Aesthetic Clinic utilize advanced lasers like Fotona Laser and Alexandrite laser for treatments like tattoo removal and skin rejuvenation & toning, ensuring effective solutions for consumers with surplus income. Other notable innovations include Picoway, LaseMD, FraxPro, and Pixel CO2, enhancing the market's offerings for a wide range of aesthetic concerns. There are multiple factors influencing market growth. Our researchers analyzed the data with 2023 as the base year, along with the key trends and challenges.
Opportunities for growth in the male aesthetics industry are the primary trends shaping market growth. Opting men for procedures that don't require surgery to get healthier and younger skin can be a driving force behind the development of an industry in facial aesthetics. The demand for non-surgical cosmetic procedures for skin tightening among men is to prevent conditions such as sagging skin around the neck, which is called Turkey neck, and excess skin from the upper eyelids.
Therefore, the advantages provided by non-invasive procedures have raised the level of preference and acceptance of male aesthetics, which is contributing to the revenue generated by the market. Hence, the market is anticipated to witness high growth during the forecast period.
The high cost of aesthetic laser devices is a challenge that affects market growth. In developing countries such as India and China, the adoption of non-surgical skin tightening procedures is lower due to high costs. On average, laser skin tightening costs between USD 450 and USD 2,000 for the entire course of treatment. Numerous factors influence the cost of skin tightening, and each patient will require a skin rejuvenation method that is particularly designed for his or her requirements.
Furthermore, most market players target their products for high-income and upper-middle-class patients. Hence, the inability of middle and lower-middle-class patients to opt for costly non-surgical skin tightening is becoming one of the major challenges that will impede the market growth and trends during the forecast period.
The 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
The global aesthetic laser market experiences exponential growth, propelled by factors like the aging baby boomer population with surplus income and a burgeoning middle class. This demographic trend fuels the demand for cosmetic surgeries and radiofrequency-based treatments, with advanced technologies like Picoway, LaseMD, FraxPro, and Pixel CO2 leading the market. Candela Medical's Stellar M22 addresses various concerns, from pigmented lesions to skin rejuvenation & toning, showcasing technological advancements in the field.
Social media exposure contributes to increased aesthetic awareness, driving the demand for anti-aging procedures and minimally invasive treatments over invasive surgeries. With a focus on non-invasive tightening and IPL laser treatment, aesthetic lasers offer solutions for wrinkles, acne scars, facial pigmentation, vascular conditions, and dull skin. The International Society of Aesthetic Plastic Surgery's 2020 Plastic Surgery Statistics Report highlights the growing popularity of laser-based interventions for enhancing one's appearance.
Market Scope |
|
Report Coverage |
Details |
Page number |
149 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.94% |
Market growth 2024-2028 |
USD 1264.98 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
11.4 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 39% |
Key countries |
US, Germany, UK, China, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Australian Aesthetic Devices Pty Ltd, Bausch Health Companies Inc., Candela Corp., Cutera Inc., Cynosure LLC, DEKA M.E.L.A. S.r.l., Elesta SpA, Fotona d.o.o, Galderma S.A., Gooch and Housego Plc, Hologic Inc., Lumenis Be Ltd., Lutronic Inc., Lynton Lasers Ltd., Quanta System S.p.A., Sciton Inc., Shanghai Fosun Pharmaceutical Group Co. Ltd., SharpLight Technologies Inc., Sisram Medical Ltd., and Strata Skin Sciences Inc. |
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, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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