The new report by Expert Market Research titled, ‘Global Aesthetic/Cosmetic Lasers Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global aesthetic/cosmetic lasers market, assessing the market based on its segments like modalities, products, applications, end-users, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 7%
The market for aesthetic/cosmetic lasers is projected to be driven by increased awareness of personal beauty and care, rising incomes, technology improvements enabling effective treatment systems, and the availability of non-invasive procedures.
The surge in adoption of non-invasive procedures, high adoption of aesthetic procedures, developments in the laser technology, increased focus on body appearance, growth in the number of private clinics and surgeons providing these treatments, rise in cases of skin damages, increase in medical tourism and ever-changing lifestyles, and reduced procedural expenses propel the growth of aesthetic/cosmetics laser market.
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Moreover, the easy availability of cosmetic lasers, the higher number of the target population, and favourable reimbursement in the healthcare system are the factors estimated to fuel the growth of the market.
Industry Definition and Major Segments
By using immediate, brief, targeted, pulsating water rays, laser, and light-based skin therapy, also known as face laser resurfacing or skin therapy, can help reduce excellent forms, blemishes, wrinkles, and pigmentation, such as sunspots and freckles. An increase in surplus income is a critical component driving market expansion.
By modality, the market is segmented into:
- Standalone Lasers
- Carbon Dioxide (Co2) Laser
- Erbium YAG (Er: YAG) Laser
- Diode Lasers
- Pulsed Dye Lasers
- Neodymium: Yttrium-Aluminum-Garnet (Nd:YAG) Laser
- Alexandrite Lasers
- Others
- Multiplatform Lasers
By product, the market is classified into:
- Ablative Lasers
- Non-ablative Lasers
By application, the market is divided into:
- Hair Removal
- Skin Rejuvenation
- Vascular Lesions, Acne, and Scars
- Pigmented Lesion and Tattoo Removal
- Leg and Varicose Veins
- Others
By end-user, the market is segmented into:
- Private Clinics
- Hospitals
- Medical Spas
- Others
On the basis of region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Market Trends
One of the most common aesthetic procedures is laser hair removal. After early adolescence, men and women of various ages seek treatment all around the world. Technological improvements have permitted faster, more convenient, and cost-effective operations, resulting in a higher number of people opting for such treatments. Hair removal is a rapidly increasing category, that is projected to boost the market.
Multiplatform lasers, which provide clinicians with the flexibility and versatility of several standalone systems in a single package and provide combination therapy to synergistically treat a single indication or provide treatment addressing multiple elements of any indication, are driving this segment’s high growth over the forecast period.
Key Market Players
The major players in the market are Cynosure, LLC, Candela Corporation, Lumenis Be Ltd., Cutera, Inc., El.En. S.p.A., and Alma Lasers GMBH. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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