11-May-2021 | Market Research Store
Findings from Market Research Store report “Aesthetic/Cosmetic Lasers Market By Type (Standalone Lasers, and Multiplatform Lasers), By Application (Vascular Lesions, Hair Removal, Acne & Scars, Skin Rejuvenation, Pigmented Lesions & Tattoos, Leg Veins & Varicose Veins, and Others), By End-User (Medical Spas, Clinics, and Hospitals): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2021–2026” states that the global demand for aesthetic/cosmetic lasers market in 2020 was approximately USD 1,000 Million. The market is anticipated to grow at a CAGR of 10% and is anticipated to reach around USD 1,960 Million by 2026.
The demand for aesthetic lasers is growing due to the rising acceptance of noninvasive procedures, shifting lifestyles, the occurrence of skin injury, lower procedural costs, and an increase in medical tourism products. Due to factors such as the adoption of non-invasive cosmetic procedures, the rise in medical tourism, and technological advances in phototherapy care, the aesthetic laser market is likely to develop in the forthcoming period. Nonetheless, during the forecast period, the lack of a reimbursement policy is expected to limit market development. Lasers are used for a variety of cosmetic treatments, including hair removal, tattoo removal, wrinkle removal, acne and scar removal, and skin rejuvenation, all of which have promising clinical results. Q-Switched, infrared lasers, high-power optically pumped semiconductor (HOPSL), and extreme pulse light (IPL), lasers are some of the main technologies used.
The demand for aesthetic lasers is growing due to the rising acceptance of noninvasive procedures, shifting lifestyles, the occurrence of skin injury, lower procedural costs, and an increase in medical tourism products. However, the market's growth is being stifled by the increasing adoption of energy-based devices and market players' lack of emphasis on cosmetic devices.
The cosmetic laser market is being driven by a significant increase in the preference for non-aesthetic procedures and technological advances in laser technology. Furthermore, the growth of cosmetics lasers is fueled by an increase in the adoption of non-invasive procedures, an increase in cases of skin injury, an increase in medical tourism and ever-changing lifestyles, and lower procedural costs. However, factors such as manufacturers' lack of focus on aesthetic products, government regulations restricting the use of cosmetic lasers, and a lack of reimbursement are expected to stifle the market's development. The cosmetic laser industry, on the other hand, is expected to benefit from advancements in fillers, lasers, and injectables in the near future.
The aesthetic lasers market is bifurcated on the basis of type, application, and end-user. Based on type segmentation, the market is split into standalone lasers and multiplatform lasers. The segment of standalone lasers is further split into pulsed dyed lasers, Nd: Yag lasers, carbon dioxide lasers, diode lasers, alexandrite lasers, erbium YAG lasers, while the segment of others comprises krypton, argon, ruby glass lasers, and erbium. Multiplatform lasers are the highest segment of this industry, as they offer modular and upgradeable hybrid systems that can handle a variety of indications. Multiplatform lasers, for example, provide physicians with the durability and functionality of numerous standalone systems in a single kit and offer combination therapy to synergistically treat a specific indication or provide care targeting several aspects in each indication, both of which are leading to this segment's fast growth over the forecast timeframe. On the basis of the application segment, the market is divided into pigmented lesions & tattoos, vascular lesions, skin rejuvenation, hair removal, acne & scars, leg veins & varicose veins, and others. Owing to factors such as high acceptance of cosmetic treatments, advancements in laser technologies, increased emphasis on body image, and increasing disposable income, the hair removal segment held the largest share of the industry. In November 2016, Fotona d.o.o. founded the Laser and Health Academy (LA&HA) to provide study and education on emerging medical laser technologies, as well as perform specialized workshops and seminars to increase patient standards and performance. Based on the segment of end-users, the market is split into medical spas, clinics, and hospitals. Because of the number of aesthetic/cosmetic procedures around the world, increasing knowledge of different aesthetic procedures and their advantages, the patient demand for minimally invasive cosmetic surgery, and increase in the number of private clinics and surgeons providing these services, the private clinics' category accounted for the largest share in 2019. According to the American Society of Plastic Surgeons (ASPS), about 4,488,550 cosmetic operations were conducted in hospitals in the United States in 2018. In addition, the understanding of aesthetic and cosmetic procedures in developing economies like India and China is expected to boost segment growth.
Browse the full “Aesthetic/Cosmetic Lasers Market By Type (Standalone Lasers and Multiplatform Lasers), By Application (Vascular Lesions, Hair Removal, Acne & Scars, Skin Rejuvenation, Pigmented Lesions & Tattoos, Leg Veins & Varicose Veins, and Others), and End-User (Medical Spas, Clinics, and Hospitals): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026.” Report at https://www.marketresearchstore.com/market-insights/aesthetic-cosmetic-lasers-market-828592
Some of the key players in the aesthetic/laser market are Aerolase, Alma Lasers, Ltd., FUKUDA DENSHI, Cutera, Inc., Bausch & Lomb Incorporated, Cynosure, Inc., Aerolase Corp. El.En. SpA, CANDELA CORPORATION, Lumenis Ltd., CANON MEDICAL SYSTEMS CORPORATION, Sciton, Inc., Mindray DS USA, Inc., SharpLight Technologies, AMIINC, Syneron Medical Inc., ALS Meditek, Solta Medical, and others. Organic and inorganic growth strategies acquisitions, partnerships, and alliances were among the market's activities. These efforts have paved the way for market players to expand their business and customer base. With the growing demand for aesthetic lasers in the global market, market payers in the aesthetic laser market are expected to benefit from lucrative growth opportunities in the future.
Recent Initiatives: Radium Medical Aesthetics launched a new combined laser program in September 2018 to treat stretch marks and rough skin. The Pico Skin Illumination Software is the name given to this integrated laser treatment. Unlike other laser medications available in other clinics, this service allows the doctor to mix, match, and tailor a unique skin-enhancing, rejuvenating practice for each client. Sentient Lasers announced the release of its Blue Dot Certification in September 2017. The strict 20-point test and refurbishment method was created to define industry standards for aesthetic laser efficiency, durability, security, and clinical effectiveness.
This report segments the aesthetic/cosmetic lasers market as follows:
Global Aesthetic/Cosmetic Lasers Market: By Type Segmentation Analysis:
Global Aesthetic/Cosmetic Lasers Market: By Application Segmentation Analysis
Global Aesthetic/Cosmetic Lasers Market: By End-User Segmentation Analysis
Global Aesthetic/Cosmetic Lasers Market: Regional Segmentation Analysis
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