Global Laser Aesthetics Market 2017-2021

Global laser aesthetics market forecast

According to Technavio’s market research report, the global laser aesthetics market will grow at a CAGR of close to 8% during the forecast period. Laser-based aesthetic procedures are gaining popularity because they involve less pain, smaller incisions, reduced hospital stay, and faster recovery. This will boost the demand for laser-based aesthetic procedures among people suffering from obesity and drive the laser aesthetics industry growth during the predicted period. The market is witnessing a high influx of patients because laser-based aesthetic procedures are less expensive in comparison to conventional surgeries. Furthermore, non-invasive laser-based aesthetic procedures are also gaining popularity in various fields such as dermatology, ophthalmology, cardiovascular, cosmetic surgery, dentistry, and oncology.

One of the key laser aesthetics market trends that will gain traction in the market is the growth in medical tourism initiatives. Medical tourism includes various treatment areas such as cosmetic surgery, dentistry, cardiovascular, orthopedics, reproductive, cancer, and weight loss. Factors such as cost, quality, and downtime of the procedure encourage people to seek treatments such as laser aesthetics procedures. 

Competitive landscape and key vendors

The global laser aesthetics market is highly fragmented due to the presence of several players. Vendors are taking efforts to expand their networks by distributing their products in different countries. They are heavily investing in the development of innovative and novel compounds to expand their customer base.

Key vendors in this market are -

• Cutera
• Cynosure
• Lumenis
• Syneron Medical

Other prominent vendors in the market include Allergan, Alma Lasers, Body BeneFits, Energist, Deka Laser Technologies, Ellman International, Ellipse, Erchonia, HCbeauty, Merz Aesthetics, Sciton, and VCA LASER.

Segmentation by product type and analysis of the laser aesthetics market

• Body contouring devices
• Laser resurfacing devices

The growing prevalence of obesity across the world and the increasing disposable income is driving the demand for body contouring devices across the globe. The adoption of laser-based contouring devices will continue to increase in the forthcoming years due to minimal or no downtime and reduced soreness in the procedural areas.

Segmentation by geography and analysis of the laser aesthetics market

• Americas
• APAC
• EMEA

In terms of geography, the Americas accounted for the majority market share during 2016 due to the approval of aesthetic laser devices by the Food and Drug Administration (FDA). The market in the region will continue to grow during the estimated period due to the rising number of non-surgical procedures such as laser hair removal, fat reduction, and laser liposuction.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global laser aesthetics market?
• What are the key market trends impacting the growth of the global laser aesthetics market?
• What are the challenges to market growth?
• Who are the key vendors in the global laser aesthetics market?
• What are the market opportunities and threats faced by the vendors in the global laser aesthetics market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global laser aesthetics market?

Technavio also offers customization on reports based on specific client requirement.