Cosmetic Lasers Market

Cosmetic Lasers Market Size (2023 to 2028)

The size of the global cosmetic lasers market is estimated to be worth USD 1906 million by 2028 from USD 1152 million in 2023, growing at a CAGR of 10.6% during the forecast period.

The cosmetic laser is a treatment method performed to enhance the looks of individual people. Different surgical techniques and laser systems are applied to treat conditions such as pigment alterations, age spots, wrinkles, facial aging, acne scars, skin tightening, etc. Different types of lasers employed for laser treatments are LED laser, CO2 laser, fractional laser, etc.  

The significant factors that are boosting the growth of the global cosmetic laser market are the increasing prevalence of skin problems in the aging population, availability of effective cosmetic surgery methods and advanced techniques, increasing adoption rate of aesthetic procedures, satisfactory results in less time, and non-invasive surgical procedures offered by the cosmetic lasers compared to traditional methods. In addition, other factors, such as increasing disposable income and advancements in laser equipment and devices, fuel the growth of the cosmetic laser market.

Shaming and bullying associated with cosmetic surgeries are significant challenges restricting the growth of the cosmetic lasers market. In addition, the lack of significant focus of market players on aesthetic devices limits the market's development. Stringent procedural guidelines for aesthetic treatments are another major factor challenging the growth of the global cosmetic laser market.

The increased adoption rate of advanced cosmetic lasers due to multiplatform lasers' benefits, such as high flexibility and versatility, are expected to provide growth opportunities for the cosmetic laser market during the forecast period. In addition, increasing demand for cosmetic laser surgeries in developed and developing countries due to technology advancement and patients preferring minimally invasive or non-invasive are expanding growth opportunities for the stakeholders in the global cosmetic laser market during the forecast period.  

REPORT COVERAGE:

This research report on the global cosmetic lasers market is segmented and sub-segmented based on type, application, end-user, and region.

Cosmetic Lasers Market – By Type:

• Standalone Lasers
  • Carbon Dioxide (Co2) Laser
  • Er: YAG (Erbium YAG) Laser
  • Diode Lasers
  • Pulsed Dye Lasers
  • Neodymium:Yttrium-Aluminum-Garnet(Nd:YAG) Laser
  • Alexandrite Lasers
  • Other Standalone Lasers
• Multiplatform Lasers    

Based on type, Standalone lasers are advantageous in many ways, for example, ease of use and simplicity of functioning. This has significantly increased their adoption and commands the highest market share of the cosmetic lasers market in 2022. In this segment, the Neodymium: Yttrium-Aluminum-Garnet sub-segment is expected to witness rapid growth in the global cosmetic lasers market.

The multiplatform lasers segment is anticipated to grow at a promising rate during the forecast period. This segment offers ascendable and advanced hybrid systems that can be used to treat multiple indications, which are further expected to reflect in the market globally.

Cosmetic Lasers Market – By Application:

• Hair Removal      
• Skin Rejuvenation
• Vascular Lesions, Acne, and Scars 
• Pigmented Lesion & Tattoo Removal      
• Leg and Varicose Veins    
• Other Applications 

Based on application, the hair removal category is estimated to command the largest market share in 2022 because of high assumptions of aesthetic techniques, advancements in laser technology, rising concentration on physical appearance, and substantial discretionary expenses.

The vascular lesions, acne, and scar segment are expected to have prominent growth and reach a decent market share by the end of the forecast period. In addition, treatments for conditions like sun damage, age spots, and melisma fuel the segment.

Cosmetic Lasers Market – By End User:

• Private Clinics     
• Hospitals  
• Medical Spas      

Based on end-user, the private clinic segment is estimated to develop at the highest CAGR because of the rising disposable income and an increasing number of clinics in emerging economies such as China and India, acceptance and widespread usage of new technologies, growing preference for non-invasive procedures, and reduced cost for laser-based treatments.

Cosmetic Lasers Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

North America accounts for the largest market share, closely followed by Europe in the global market, while Asia Pacific has the highest CAGR.

North America is leading the global cosmetic laser market and contributing the largest share of revenues. It is expected to multiply during the forecast period owing to the factors such as increasing consciousness among people regarding the advanced technologies and surgical procedures available for aesthetic and cosmetic treatments such as cosmetic laser systems. Also, effective and satisfactory results to the customers and increased account of research and development activities leading to the influx of technically advanced laser systems further boost regional development. 

Asia Pacific region is another dominating market after North America. It is likely to witness high growth during the forecast period due to the high percentage of the aged population, increasing healthcare expenditure, and rising demand for cosmetic surgeries in developing countries in the region like India, China, Japan, Malaysia, and others. 

KEY MARKET PLAYERS:

Some of the notable companies leading the global cosmetic lasers market profiled in this report are Aerolase (U.S.), Alma Lasers, Ltd. (Israel), Cutera, Inc. (U.S.), Cynosure, Inc. (U.S.), El.En. SpA (Italy), Lumenis Ltd. (Israel), Sciton, Inc. (U.S.), SharpLight Technologies (Israel), Syneron Medical Inc. (Israel), and Solta Medical (U.S.).

RECENT MARKET HAPPENINGS:

• In September 2018, Radium Medical Aesthetics Company launched a program to treat individuals with rough skin and stretch marks with single cosmetic laser surgery, known as the Pico skin illumination program. The program offers customization and blends into the requirement of the individual patient.
• Sentient Lasers Company released Blue Dot Certification in 2017 to expand its product portfolio and share the company's value. This certification is designed so that the devices are tested at every level to set high standards for effective clinical practices, durability, and high efficiency in performance for cosmetic lasers.