Aesthetic Lasers and Energy Devices Market
Number of pages: 100 | Report Format: PDF | Published date: October 03, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market size value in 2021 |
US$ 3.7 billion |
|
Revenue forecast in 2030 |
US$ 8.8 billion |
|
CAGR |
10% |
|
Base year for estimation |
2021 |
|
Forecast period |
2022-2030 |
|
Segments covered |
By Product, Technology, Application, End-User, and Region |
|
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global aesthetic lasers and energy devices market was valued at US$ 3.7 billion in 2021 and is expected to register a revenue CAGR of 10% to reach US$ 8.8 billion by 2030.
Market Fundamentals
Cosmetic or aesthetic lasers are medical equipment used for cosmetic procedures that employ the selective photothermolysis technique, which uses a brief, focused light beam of a certain wavelength to produce a thermal effect that kills unwanted cells. These lasers can be used for several procedures, such as tattoo removal, wrinkle reduction, scar and acne, hair removal, and skin rejuvenation. The acne and scar removal application, which is currently in high demand, includes laser treatments for removing various types of scars, including age spots, melismas, and sun damage.
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Market Dynamics
Over the course of the forecast period, it is expected that the market revenue of aesthetic lasers and energy devices will grow due to the increased prevalence of obesity globally, the need for minimally invasive procedures, and the shift in patient preferences from hospital care to at-home care. Sun-damaged skin, wrinkles, and unsightly lesions are treated using cosmetic lasers and energy devices. Additionally, it is utilized to get rid of tattoos and treat acne. The cosmetic lasers and energy devices market revenue growth is also driven by rising skin damage rates and rapidly evolving lifestyles. Due to their inherent advantages, such as simplicity of use and reduced time commitment, laser devices are becoming increasingly popular, which helps to accelerate their adoption as a component of home care services.
Market Ecosystem
The global aesthetic lasers and energy devices market is analyzed from five perspectives: product, technology, application, end-user, and region.
Aesthetic Lasers and Energy Devices Market by Product
Based on product, the global aesthetic lasers and energy devices market is segmented into laser resurfacing, body contouring, and aesthetic ophthalmology devices.
The laser resurfacing devices are sub-segmented into fractional ablative skin and conventional laser resurfacing devices.
The body contouring devices are also sub-segmented into liposuction, fat reduction, cellulite reduction, and non-surgical skin tightening devices.
The laser resurfacing device segment dominates the market in terms of revenue share. This large revenue share is attributed to increased procedures involving laser resurfacing equipment, including skin rejuvenation, skin resurfacing, and others.
Aesthetic Lasers and Energy Devices Market by Technology
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Based on technology, the global aesthetic lasers and energy devices market is segmented into laser-based, light-based, and energy-based technology.
The light-based technology has been sub-segmented into dynamic pulse control and intense pulsed light technology.
The energy-based technology is also sub-segmented into UV, infrared, radiofrequency, low temperature, and suction.
In terms of revenue share, the energy-based technology segment dominates the market for aesthetic lasers and energy devices. This market revenue is expected to rise rapidly due to the extensive use of these products for skin treatments all over the globe.
The laser-based technology segment is also expected to register significant revenue growth because it is widely employed for skin and hair treatments.
Aesthetic Lasers and Energy Devices Market by Application
Based on application, the global aesthetic lasers and energy devices market is segmented into hair removal, scar removal/skin resurfacing, skin rejuvenation, and skin tightening.
The hair removal segment is expected to dominate the market in terms of revenue share during the forecast period.
Aesthetic Lasers and Energy Devices Market by End User
Based on end-users, the global aesthetic lasers and energy devices market is segmented into hospitals, private clinics, and medical spas.
The segment of private clinics is expected to register the highest revenue CAGR, primarily because of the rising number of clinics and disposable income in developing nations like China and India, the adoption of new technologies, the increasing popularity of minimally invasive procedures, and the declining price of laser-based treatments.
Aesthetic Lasers and Energy Devices Market by Region
Based on region, the global aesthetic lasers and energy devices market is segmented into North America, Europe, Asia Pacific, and the rest of the World.
North America accounts for the largest revenue share in the market due to the rising healthcare costs and energy and cosmetic laser technology improvements.
Europe is expected to register steady revenue growth during the forecast period as the number of older adults grows. Also, the market for cosmetic lasers is expected to increase due to increased demand for minimally invasive cosmetic operations and technological developments.
Competitive Landscape
The prominent market players in the global aesthetic lasers and energy devices market include:
Strategic Development
Technological advancements, increased R&D activities, and increased demand for non-invasive skin procedures are the key factors governing the revenue growth of the global aesthetic lasers and energy devices market.
Mentor Corporation, Alma Lasers, and Solta Medical, Inc., are among the key players in the global aesthetic lasers and energy devices market.
The energy-based technology segment dominates the market for aesthetic lasers and energy devices.
North America is expected to register the highest revenue growth during the forecast period.
The high cost of these therapies severely constrains the market for aesthetic lasers and energy devices.
*Insights on financial performance are subject to the availability of information in the public domain