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The Global Aesthetic Lasers and Energy Devices Market Size accounted for USD 3.9 Billion in 2021 and is projected to occupy a market size of USD 9.3 Billion by 2030 growing at a CAGR of 10.1% from 2022 to 2030.
Aesthetic lasers are federally regulated medicao device that are good at surface treatments. Aesthetic lasers and energy devices can tighten skin, treat pigment issues, fix spots on the face, and even smooth out wrinkles. Rise in prevalence of skin related disorders and skin cancer is a primary driving factor for aesthetic lasers and energy devices market growth.
Aesthetic Lasers and Energy Devices Market Report Statistics
Global Aesthetic Lasers and Energy Devices Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Aesthetic Lasers and Energy Devices Market Report Coverage
Market | Aesthetic Lasers and Energy Devices Market |
Aesthetic Lasers and Energy Devices Market Size 2021 | USD 3.9 Billion |
Aesthetic Lasers and Energy Devices Market Forecast 2030 | USD 9.3 Billion |
Aesthetic Lasers and Energy Devices Market CAGR During 2022 - 2030 | 10.1% |
Aesthetic Lasers and Energy Devices Market Analysis Period | 2018 - 2030 |
Aesthetic Lasers and Energy Devices Market Base Year | 2021 |
Aesthetic Lasers and Energy Devices Market Forecast Data | 2022 - 2030 |
Segments Covered | By Product Type, By Technology, By Application, By End-User, And By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | Allergan Plc., Alcon, Inc. (Novartis AG), Bausch Health Companies Inc., Candela Corporation, Cynosure, Fotona, Hologic Inc., Lumenis Ltd, Sisram Medical Ltd., Solta Medical, and Syneron Medical Ltd. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Aesthetic Lasers and Energy Devices Market Growth Factors
The rise in prevalence of skin cancer and other skin related diseases across the globe leads to rise in the number of skin patients who undergoes various skin treatment and surgeries using different techniques. This, in turn, is expected to surge the demand for aesthetic devices and procedures, thereby driving the growth of the overall market. Also, the cost-effectiveness and flexibility of laser devices and rise in demand for novel laser technologies are the major factors boosting the demand and usage of laser processes in the global aesthetic laser and energy devices market.
Aesthetic Lasers and Energy Devices Market Segmentation
The global aesthetic lasers and energy devices market is segmented based on product type, technology, application, end-user, and geography.
Aesthetic Lasers and Energy Devices Market By Product Type
The laser resurfacing devices segment is projected to hold largest share of the aesthetic laser & energy devices market due to the introduction of novel laser treatments, various product launches, and rise in investment on R&D activities. Manufacturers are focusing mainly on research and development in order to innovate aesthetic products with advanced laser technologies. Acceptance of laser-based aesthetic devices is growing rapidly due to the wide usage of laser devices. In March 2016, U.S. FDA approved Venus Concept of Venus Versa system for various applications that includes Hair Removal and skin resurfacing treatment.
Aesthetic Lasers and Energy Devices Market By Technology
According to the aesthetic lasers and energy devices industry analysis, the energy-based technology accounted for maximum market share in 2021 and is likely to do so in the coming years. This segment is expected to grow rapidly due to its widespread use in skin treatments around the world. Furthermore, because of the safety associated with its use, laser-based technology is widely used for skin and hair treatment.
Aesthetic Lasers and Energy Devices Market By Application
According to the aesthetic lasers and energy devices market forecast, skin tightening is expected to hold a significant market share between 2022 and 2030. According to the Aesthetic Society Statistics, global skin tightening procedures performed in the world sum up to 391,855. In addition to that, the total revenue generated from these procedures valued USD 298 million in 2021 with the rise in 66% from 2020.
Aesthetic Lasers and Energy Devices Market By End-User
Based on end-user, the cosmetic centers and dermatology clinics combined gathered a massive amount of market share in the given forecast timeframe. The rising number of skin related disease, increasing disposable income, and quick treatment options in these clinics are expected to rise the demand for aesthetic lasers and energy devices sales throughout the globe.
Aesthetic Lasers and Energy Devices Market Regional Outlook
North America
Europe
Asia-Pacific
Latin America
The Middle East & Africa
Aesthetic Lasers and Energy Devices Market Regional Analysis
The surge in adoption of non-invasive aesthetic devices and improved healthcare infrastructure in North America region are the key factor boosting the growth of the aesthetic lasers and energy devices market in this region. Also, the ease of access to user friendly aesthetic devices and rise in demand for skin treatments are the factors expected to drive the aesthetic lasers and energy devices market in the upcoming years.
Geographically, the aesthetic laser & energy devices market is mainly led by developed countries such as the U.S, Germany, France, U.K, Japan and others. The main reason for growth of the global market is the absence of melanin pigments which improves the skin degradation and ageing. Also, the availability of innovative laser-based treatment in dermatology clinics from past few years has uplifted the market. The Asia-Pacific market is the fastest growing market due to high disposable income, preference of consumers towards beauty & cosmetic treatment and growing aesthetic centers.
Aesthetic Lasers and Energy Devices Market Players
The major aesthetic lasers and energy devices companies associated with the aesthetic lasers and energy devices market are Allergan Plc., Alcon, Inc. (Novartis AG), Bausch Health Companies Inc., Candela Corporation, Cynosure, Fotona, Hologic Inc., Lumenis Ltd, Sisram Medical Ltd., Solta Medical, and Syneron Medical Ltd. The key players are investing heavily on research and development activities to manufacture innovative aesthetic devices using laser technologies. Moreover, the players associated with the global aesthetic lasers and energy devices market is aiming primarily on product launch, merger and acquisition strategy to increase their customer base.
The market size of aesthetic lasers and energy devices market in 2021 was accounted to be USD 3.9 Billion.
The projected CAGR of aesthetic lasers and energy devices market during the analysis period of 2022 to 2030 is 10.1%.
The prominent players of the global aesthetic lasers and energy devices market include Allergan Plc., Alcon, Inc. (Novartis AG), Bausch Health Companies Inc., Candela Corporation, Cynosure, Fotona, Hologic Inc., Lumenis Ltd, Sisram Medical Ltd., Solta Medical, and Syneron Medical Ltd.
North America held the dominating aesthetic lasers and energy devices during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for aesthetic lasers and energy devices during the analysis period of 2022 to 2030.
Increasing incidences of skin related diseases, rising obesity cases in the world, and surging disposable income drives the growth of global aesthetic lasers and energy devices market.
Based on technology, energy-based technology segment is expected to hold the maximum share of the aesthetic lasers and energy devices market.
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